Shares of Honeywell International (HON) are trying their best to grind higher, up a little less than 1% Friday morning.

Despite beating on fourth-quarter earnings per share and revenue expectations, Honeywell stock isn't convincingly on the move. Investors might be feeling some hesitation because of its organic growth, TheStreet's Jim Cramer said on CNBC's "Mad Dash" segment.

The company recently guided for organic growth of 7% to 8%. However, its quarterly results came in at just 6%. But for the most part, investors are overlooking this figure as free-cash flow came in ahead of guidance, Cramer explained.

Management was previously looking for free-cash flow of $1.4 billion to $1.5 billion. But the company ended up coming in way ahead of expectations, churning out $1.8 billion in free-cash flow, he added.

Further, Honeywell expanded its margins and boosted its 2018 guidance, now looking for earnings per share of $7.75 to $8.00 from $7.55 to $7.80. Shares are now hitting new all-time highs Friday and are now up more than 38% over the past 12 months. 

"This is amazing," Honeywell is "just a loved company," said Cramer, who also manages the Action Alerts PLUS charitable trust portfolio.

He added that 3M Co (MMM) is "extraordinary," particularly as the stock delivered an earnings and revenue beat on Thursday. Management also upped guidance and the stock is hitting a new all-time high for the second session in a row Friday.

Honeywell is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells HON? Learn more now.

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At the time of publication, Cramer's Action Alerts PLUS had a position in HON. 

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