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Trade-Ideas: Honeywell International (HON) Is Today's Pre-Market Leader Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Honeywell International ( HON) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Honeywell International as such a stock due to the following factors:

  • HON has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $235.2 million.
  • HON traded 40,040 shares today in the pre-market hours as of 9:29 AM.
  • HON is up 2.2% today from yesterday's close.

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More details on HON:

Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. The stock currently has a dividend yield of 2%. HON has a PE ratio of 21.3. Currently there are 17 analysts that rate Honeywell International a buy, no analysts rate it a sell, and 4 rate it a hold.

The average volume for Honeywell International has been 3.2 million shares per day over the past 30 days. Honeywell International has a market cap of $64.5 billion and is part of the industrial goods sector and industrial industry. The stock has a beta of 1.39 and a short float of 1.2% with 3.02 days to cover. Shares are up 29.9% year to date as of the close of trading on Wednesday.

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TheStreetRatings.com Analysis:

TheStreet Quant 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.

Highlights from the ratings report include:

  • Despite its growing revenue, the company underperformed as compared with the industry average of 4.3%. Since the same quarter one year prior, revenues slightly increased by 0.2%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • HONEYWELL INTERNATIONAL INC has improved earnings per share by 16.3% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, HONEYWELL INTERNATIONAL INC increased its bottom line by earning $3.70 versus $2.33 in the prior year. This year, the market expects an improvement in earnings ($4.95 versus $3.70).
  • Net operating cash flow has significantly increased by 73.97% to $341.00 million when compared to the same quarter last year. In addition, HONEYWELL INTERNATIONAL INC has also vastly surpassed the industry average cash flow growth rate of 0.97%.
  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 53.76% over the past year, a rise that has exceeded that of the S&P 500 Index. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels.
  • The current debt-to-equity ratio, 0.57, is low and is below the industry average, implying that there has been successful management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.92 is somewhat weak and could be cause for future problems.

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