Honeywell International Inc. (HON): Today's Featured Aerospace/Defense Winner

Honeywell International ( HON) pushed the Aerospace/Defense industry higher today making it today's featured aerospace/defense winner. The industry as a whole closed the day up 1.1%. By the end of trading, Honeywell International rose $3.64 (6.7%) to $58.18 on heavy volume. Throughout the day, 8.4 million shares of Honeywell International exchanged hands as compared to its average daily volume of 3.9 million shares. The stock ranged in a price between $55.90-$58.50 after having opened the day at $56.31 as compared to the previous trading day's close of $54.54. Other companies within the Aerospace/Defense industry that increased today were: AAR ( AIR), up 11.7%, CPI Aerostructures ( CVU), up 4.6%, FLIR Systems ( FLIR), up 3.5%, and Textron ( TXT), up 3.4%.

Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Honeywell International has a market cap of $42.53 billion and is part of the industrial goods sector. The company has a P/E ratio of 21.6, above the average aerospace/defense industry P/E ratio of 19.6 and above the S&P 500 P/E ratio of 17.7. Shares are up 0.4% year to date as of the close of trading on Tuesday. 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.

On the negative front, Taser International ( TASR), down 4.2%, was a loser within the aerospace/defense industry with L-3 Communications Holdings ( LLL) being today's aerospace/defense industry Loser Spotlight stock.

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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