Jim Cramer on Honeywell International: "We Want to Own It Right Into the Split, But Be Aware It's Had a Big Run"

Honeywell International Inc. (NASDAQ:HON) is one of the stocks on which Jim Cramer gave his opinions. During the episode, a caller inquired if the company’s parts that it spins off will be better than the whole, and Cramer replied:

Alright, it’s a great question. Now, here’s the issue. It just moved. It moved huge, and now it’s pulling back a little, and I think that you gotta let it pull back a little bit more if you want to get involved, because it looks like this stock has had a short-term peak. Both Jeff Marks and I think this company is sensational. We’re not selling. We want to own it right into the split, but be aware it’s had a big run, and now if those industrials try to come down a little, you got a better price, and then you take it.

Honeywell International Inc. (NASDAQ:HON) develops and sells technologies and solutions across aerospace, industrial automation, building management, and energy and sustainability. Cramer discussed the company during his game plan presented during the January 23 episode. He commented:

Thursday morning, we hear from Honeywell. Now, this is really complicated. When the company reports, almost every single time, the stock’s going down, plain and simple. The stock has run up lately because it’s planning to list shares of its quantum business, Quantinuum, and that’s got many traders going. They own the majority stake, and it should be red-hot. But in the end, Honeywell’s still a company that’s breaking into three pieces.

Well, it breaks into a couple of pieces and I gotta tell you, here’s what’s going to happen: You’re going to get people who say, I don’t want the automation. It’s going to get people who say, I don’t want the aerospace. And the other people who are going to say, I don’t know how long this thing’s going to take, but I don’t want to be involved with it. And that’s going to cause the stock, I think, to take a hit. Would I sell it Wednesday to buy it back Thursday? I’m not a trader, okay? Do I think that’s exactly what’s going to happen? Yes.

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