Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day down 1.0%. By the end of trading, Caterpillar fell $1.85 (-2.0%) to $90.62 on heavy volume. Throughout the day, 8,079,318 shares of Caterpillar exchanged hands as compared to its average daily volume of 5,213,300 shares. The stock ranged in price between $90.29-$91.96 after having opened the day at $91.31 as compared to the previous trading day's close of $92.47. Other companies within the Industrial industry that declined today were:
), down 13.5%,
), down 6.4%,
), down 5.5% and
), down 5.4%.
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Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Caterpillar has a market cap of $58.1 billion and is part of the industrial goods sector. The company has a P/E ratio of 15.9, below the S&P 500 P/E ratio of 17.7. Shares are up 1.8% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Caterpillar a buy, no analysts rate it a sell, and 12 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Caterpillar Ratings Report.
On the positive front,
), up 8.1%,
), up 3.6%,
), up 3.5% and
), up 3.1%.
- Use our industrial section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider
) while those bearish on the industrial industry could consider
- Find other investment ideas from our top rated ETFs lists.