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 0.9%. By the end of trading, Honeywell International rose 94 cents (1.6%) to $57.74 on average volume. Throughout the day, 3.1 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 $57.38-$58.67 after having opened the day at $57.85 as compared to the previous trading day's close of $56.80. Other companies within the Aerospace/Defense industry that increased today were: Taser International ( TASR), up 8.7%, FLIR Systems ( FLIR), up 7.8%, Sturm Ruger & Company ( RGR), up 4.3%, and Sifco Industries ( SIF), up 4%.

Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Honeywell International has a market cap of $44.24 billion and is part of the industrial goods sector. The company has a P/E ratio of 21.1, above the average aerospace/defense industry P/E ratio of 19.5 and above the S&P 500 P/E ratio of 17.7. Shares are up 4.5% 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 increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Erickson Air-Crane ( EAC), down 4%, BE Aerospace ( BEAV), down 3.2%, CPI Aerostructures ( CVU), down 3%, and Aerosonic Corporation ( AIM), down 2.8%, were all laggards within the aerospace/defense industry with Raytheon Company ( RTN) being today's aerospace/defense industry laggard.

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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