Honeywell International Inc. (HON): Today's Featured Aerospace/Defense Loser - TheStreet

Honeywell International

(

HON

) pushed the Aerospace/Defense industry lower today making it today's featured Aerospace/Defense loser. The industry as a whole closed the day down 2%. By the end of trading, Honeywell International fell $1.11 (-2%) to $55.43 on average volume. Throughout the day, 4.1 million shares of Honeywell International exchanged hands as compared to its average daily volume of 3.8 million shares. The stock ranged in price between $55.39-$56.99 after having opened the day at $56.72 as compared to the previous trading day's close of $56.54. Other company's within the Aerospace/Defense industry that declined today were:

Erickson Air-Crane

(

EAC

), down 5.5%,

Textron

(

TXT

), down 4.4%,

Breeze-Eastern Corporation

(

BZC

), down 4%, and

Esterline Technologies

(

ESL

), down 3.6%.

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Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Honeywell International has a market cap of $44.09 billion and is part of the

industrial goods

sector. The company has a P/E ratio of 22.4, above the average aerospace/defense industry P/E ratio of 20.4 and above the S&P 500 P/E ratio of 17.7. Shares are up 4.1% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Honeywell International a buy, no analysts rate it a sell, and five 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 revenue growth, increase in net income, good cash flow from operations, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the aerospace/defense industry could consider

iShares DJ US Aerospace & Def Idx

(

ITA

) while those bearish on the aerospace/defense industry could consider

ProShares Short Dow 30

(

DOG

).

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