15 Stocks on Jim Cramer’s Radar

10. Honeywell International Inc. (NASDAQ:HON)

Number of Hedge Fund Holdings: 76

Honeywell International Inc. (NASDAQ:HON) is one of the largest industrial conglomerates in the world. Its shares are up by a modest 2.7% over the past year and by 11% year-to-date. JPMorgan was out with a solid note for the firm in January after it upgraded the shares to Overweight from Neutral and bumped the share price target to $255 from $218. At the heart of the bank’s coverage was Honeywell International Inc. (NASDAQ:HON)’s spinoffs. JPMorgan pointed out that the firm could paint an unclear earnings picture in 2026 due to the split, but added that the opacity could create an opportunity. Other factors that the bank discussed in its coverage included Honeywell International Inc. (NASDAQ:HON)’s order momentum and backlogs. Mizuho also pointed towards an unclear short-term future earlier in January as it cut the share price target to $240 from $250 and kept an Outperform rating. Cramer also discussed Honeywell International Inc. (NASDAQ:HON)’s spinoff:

“We’re seeing spinoffs. Now this is going to be sooner. Some of the spinoffs [inaudible] people feel, Honeywell its taking too long. This morning, JPMorgan upgrades it. That’s doing it. They’re also spinning off, by the way, their quantum computing, which is very exciting.”