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TheStreet Wire

Dow Today: Caterpillar (CAT) Lower

By TheStreet Wire 06/27/12 - 01:00 PM EDT

Find out if (CAT) is in Cramer's Portfolio.

The Dow Jones Industrial Average (^DJI) is trading up 93 points (+0.7%) at 12,627 as of Wednesday, Jun 27, 2012, 12:35 p.m. ET. During this time, 263.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 706.5 million. The NYSE advances/declines ratio sits at 2,373 issues advancing vs. 607 declining with 109 unchanged.

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Holding back the Dow today is Caterpillar (NYSE:CAT), which is lagging the broader Dow index with a 57-cent decline (-0.7%) bringing the stock to $82.15. Volume for Caterpillar currently sits at 4.1 million shares traded vs. an average daily trading volume of seven million shares.

Caterpillar has a market cap of $54.09 billion and is part of the conglomerates sector and conglomerates industry. Shares are down 8.7% year to date as of Tuesday's close. The stock's dividend yield sits at 2.5%.

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. The company has a P/E ratio of 10.5, equal to the average conglomerates industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Caterpillar as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

You can view the full Caterpillar Ratings Report.

For more information on Caterpillar Inc click any of the following:

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