Honeywell International Inc. (HON): Today's Featured Industrial Goods Laggard

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

Honeywell International ( HON) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 1.3%. By the end of trading, Honeywell International fell $1.04 (-1.3%) to $76.70 on average volume. Throughout the day, 2,682,726 shares of Honeywell International exchanged hands as compared to its average daily volume of 3,572,500 shares. The stock ranged in price between $76.51-$77.58 after having opened the day at $77.49 as compared to the previous trading day's close of $77.74. Other companies within the Industrial Goods sector that declined today were: Exide Technologies ( XIDE), down 15.1%, Cleantech Solutions International ( CLNT), down 8.9%, Mueller Water Products ( MWA), down 8.8% and Intellicheck Mobilisa ( IDN), down 7.0%.
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Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Honeywell International has a market cap of $62.0 billion and is part of the industrial industry. The company has a P/E ratio of 20.4, above the S&P 500 P/E ratio of 17.7. Shares are up 22.5% year to date as of the close of trading on Tuesday. Currently there are 17 analysts that rate Honeywell International a buy, no analysts rate it a sell, and 4 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 impressive record of earnings per share growth, revenue growth, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, China BAK Battery ( CBAK), down 46.4%, Hallwood Group ( HWG), down 19.9%, China Valves Technology ( CVVT), down 14.3% and UQM Technologies ( UQM), down 13.0%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).

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