Honeywell International Stock Hits New 52-Week High (HON)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Honeywell International (NYSE: HON) hit a new 52-week high Tuesday as it is currently trading at $63.98, above its previous 52-week high of $63.89 with 2.7 million shares traded as of 12:50 p.m. ET. Average volume has been 3.5 million shares over the past 30 days.

Honeywell International has a market cap of $48.22 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 13.2% year to date as of the close of trading on Monday.

Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. The company has a P/E ratio of 20.5, above the S&P 500 P/E ratio of 17.7.

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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, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Honeywell International Ratings Report.

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