Honeywell International Inc. (HON): "We've Got Three Great Companies Coming Up," Says Jim Cramer

We recently published 10 Latest Stocks Jim Cramer Discussed Amidst Market Uncertainty. Honeywell International Inc. (NASDAQ:HON) is one of the stocks Jim Cramer recently discussed.

Honeywell International Inc. (NASDAQ:HON) is an industrial conglomerate that is due to be split up into three companies. Its shares have lost 3.5% year-to-date, primarily on the back of a major 6% dip in July. However, if you’re wondering about the reasons behind Honeywell International Inc. (NASDAQ:HON)’s shares losing value, your guess is as good as ours. Cramer, too, was flummoxed after the earnings release, which led to the drop as the firm’s $2.7 EPS and $10.4 billion in revenue beat analyst estimates of $2.66 and $10.1 billion. Here are his latest thoughts about Honeywell International Inc. (NASDAQ:HON):

“I spent a lot of time analyzing the Honeywell deal, where Vimal Kapur worked closely with Elliott and we’ve got three great companies coming up.”

As to Cramer’s reaction to the earnings, here’s what he said after the release:

“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.”

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