CNH, DOV And HON, Pushing Industrial Industry Downward
1. As of noon trading, Honeywell International ( HON) is down $0.42 (-0.5%) to $78.66 on average volume Thus far, 1.4 million shares of Honeywell International exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $78.40-$79.31 after having opened the day at $79.24 as compared to the previous trading day's close of $79.08. Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Honeywell International has a market cap of $61.1 billion and is part of the industrial goods sector. The company has a P/E ratio of 20.1, above the S&P 500 P/E ratio of 17.7. Shares are up 24.6% year to date as of the close of trading on Friday. Currently there are 17 analysts that rate Honeywell International a buy, no analysts rate it a sell, and 4 rate it a hold. TheStreet Ratings rates Honeywell International as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Honeywell International Ratings Report now. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more. If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ). A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
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