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

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Honeywell International ( HON) pushed the Aerospace/Defense industry lower today making it today's featured Aerospace/Defense laggard. The industry as a whole closed the day down 0.8%. By the end of trading, Honeywell International fell $0.84 (-1.1%) to $77.32 on light volume. Throughout the day, 2,104,392 shares of Honeywell International exchanged hands as compared to its average daily volume of 3,475,500 shares. The stock ranged in price between $77.26-$78.94 after having opened the day at $78.76 as compared to the previous trading day's close of $78.16. Other companies within the Aerospace/Defense industry that declined today were: Micronet Enertec Technologies ( MICT), down 7.4%, Erickson Air-Crane ( EAC), down 6.6%, DigitalGlobe ( DGI), down 2.7% and Sturm Ruger & Company ( RGR), down 2.4%.
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Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Honeywell International has a market cap of $61.9 billion and is part of the industrial goods sector. The company has a P/E ratio of 20.4, above the S&P 500 P/E ratio of 17.7. Shares are up 23.1% 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, Astrotech Corporation ( ASTC), down 7.4% and Elbit Systems ( ESLT), down 1.8%.

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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