Honeywell International (HON) Flagged As Today's Pre-Market Laggard

Trade-Ideas LLC identified Honeywell International (HON) as a pre-market laggard candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Honeywell International

(

HON

) as a pre-market laggard 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 $277.3 million.
  • HON traded 10,837 shares today in the pre-market hours as of 9:05 AM.
  • HON is down 3% 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 19. Currently there are 13 analysts that rate Honeywell International a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Honeywell International has been 2.6 million shares per day over the past 30 days. Honeywell International has a market cap of $91.0 billion and is part of the industrial goods sector and industrial industry. The stock has a beta of 0.92 and a short float of 0.7% with 2.43 days to cover. Shares are up 15.8% 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 revenue growth, solid stock price performance, growth in earnings per share, increase in net income and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow.

Highlights from the ratings report include:

  • HON's revenue growth has slightly outpaced the industry average of 0.6%. Since the same quarter one year prior, revenues slightly increased by 3.4%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • HONEYWELL INTERNATIONAL INC has improved earnings per share by 8.5% 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 $6.05 versus $5.33 in the prior year. This year, the market expects an improvement in earnings ($6.66 versus $6.05).
  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and the Aerospace & Defense industry average. The net income increased by 6.3% when compared to the same quarter one year prior, going from $1,116.00 million to $1,186.00 million.
  • 35.00% is the gross profit margin for HONEYWELL INTERNATIONAL INC which we consider to be strong. It has increased from the same quarter the previous year. Along with this, the net profit margin of 12.45% is above that of the industry average.

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