Caterpillar Inc (CAT): Today's Featured Industrial Loser
(
) pushed the Industrial industry lower today making it today's featured Industrial loser. The industry as a whole closed the day down 1.7%. By the end of trading, Caterpillar fell $2.34 (-2.5%) to $90.18 on average volume. Throughout the day, six million shares of Caterpillar exchanged hands as compared to its average daily volume of 6.7 million shares. The stock ranged in price between $89.50-$91 after having opened the day at $90.90 as compared to the previous trading day's close of $92.52. Other company's within the Industrial industry that declined today were:
(
), down 15.2%,
(
), down 9.9%,
China Ming Yang Wind Power Group
(
), down 9.2%, and
(
), down 9%.
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 $58.69 billion and is part of the
sector. The company has a P/E ratio of 11.3, equal to the average conglomerates industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 0.7% year to date as of the close of trading on Tuesday. Currently there are 16 analysts that rate Caterpillar a buy, no analysts rate it a sell, and three rate it a hold.
TheStreet Ratings rates Caterpillar as a
. 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.
On the positive front,
(
), up 9%,
(
), up 6.6%,
(
), up 6.1%, and
(
), up 5.2%, were all gainers within the industrial industry with
(
) being today's featured industrial industry winner.
- Use our industrial section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider
SPDR Dow Jones Industrial Average
(
) while those bearish on the industrial industry could consider
ProShares UltraShort Industrials
(
).
- Find other investment ideas from our top rated ETFs lists.
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