Jim Cramer on Honeywell: "It's Crazy That the Stock Pulled Back This Hard"

Honeywell International Inc. (NASDAQ:HON) is one of the stocks Jim Cramer shed light on. Cramer discussed the company’s latest report and the potential breakup of the company. He remarked:

“Alright, help me here. What in the world just happened to the stock of Honeywell, the iconic industrial that’s in the process of breaking itself up? This morning, the company reported what sure looked to me like a good quarter, top and bottom line beat, management raising the full year sales and earnings forecast. That’s what I always like to see.

The stock was climbing in pre-market trading, yet it ultimately got hit and finished the session down 6%. And look, the quarter wasn’t perfect. There was some margin pressure, especially in the aerospace business, but much of the raised guidance comes down to a weak dollar, maybe some acquisitions. Still, I think it’s crazy that the stock pulled back this hard when we are getting so close to a three-way breakup that could really unlock a lot of value for you.”

Honeywell (NASDAQ:HON) provides technologies and services across aerospace, industrial automation, building systems, and energy solutions. The company’s offerings range from aircraft systems and smart factory tools to energy-efficient building controls and carbon management technologies.

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Disclosure: None. This article is originally published at Insider Monkey.