Jim Cramer Sells Shares of Home Depot and Honeywell
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4d ago
0mins
Source: CNBC
- Home Depot Trim: Jim Cramer's Charitable Trust sold 50 shares of Home Depot, reducing its holdings to 330 shares and its weighting from 3.75% to 3.25%, aiming to lock in a 7% gain since September 2024, reflecting a cautious approach amid market volatility.
- Honeywell Profit-Taking: Concurrently, 20 shares of Honeywell were sold, bringing holdings down to 390 shares and weighting from 2.45% to 2.35%, to secure approximately 30% gains after a 4% rise, demonstrating confidence in the value creation from industrial breakups.
- Market Environment Insight: Despite Home Depot facing a sluggish existing home sales market, optimism from the Trump administration's policies could make home buying more affordable, and if the 30-year mortgage rate falls below 6%, stock prices may rally further, although market sentiment fluctuations could lead to pullbacks.
- Investment Strategy Adjustment: Cramer remains optimistic about Honeywell's future, anticipating that the planned aerospace separation will unlock additional value, and while locking in some profits now, he plans to trade again as prices rise, indicating confidence in long-term investments.
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Analyst Views on HON
Wall Street analysts forecast HON stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for HON is 235.07 USD with a low forecast of 195.00 USD and a high forecast of 262.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
8 Buy
6 Hold
1 Sell
Moderate Buy
Current: 238.380
Low
195.00
Averages
235.07
High
262.00
Current: 238.380
Low
195.00
Averages
235.07
High
262.00
About HON
Honeywell International Inc. is an integrated operating company serving a range of industries and geographies around the world, with a portfolio that is underpinned by its Honeywell Accelerator operating system and Honeywell Forge platform. The Company provides actionable solutions for aerospace, building automation, industrial automation, process automation, and process technology. The Company supplies products, software, and services for aircrafts that it sells to original equipment manufacturers (OEM) and other customers in a variety of end markets. The Company’s portfolio of solutions and services is used in buildings worldwide for fire prevention, controls, access and security. Its offerings serve as the fundamental building blocks of industrial automation. Its sensor technologies and value-added smart edge devices offer connectivity across a variety of sensing and measurement applications. The Company offers a comprehensive portfolio of end-to-end process automation solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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