Honeywell International Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York.
CNBC's Jim Cramer on Tuesday cheered Honeywell International 's (HON) guidance affirmation, which came alongside an announcement that the industrial conglomerate would be restructuring its business.
People feel it's lost its way," Cramer said on "Squawk on the Street."
Honeywell's stock has declined roughly 13% year to date, underperforming the overall S&P 500 and the industrials sector.
Correction: This story has been updated to reflect the correct spelling of Honeywell CEO Vimal Kapur's last name.
Persons:
Vimal Kapur, Cramer, CNBC's Jim Cramer, it's, You've, Jim Cramer's, Kapur, Darius Adamczyk, Vimal Kapur's
Organizations:
Honeywell, Inc, New York Stock Exchange, Cramer's Charitable Trust, CNBC, Club, Emerson Electric, Caterpillar
Locations:
New York, Cramer's