Dow Jones Industrial Average
) closed up 337 points (+2.9%) at 12,103. During the day, 807.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 899 million. The NYSE advances/declines ratio closed at 2,687 issues advancing vs. 375 declining with 64 unchanged.
The Dow component that led the way higher today was
), which sported a $4.48 gain (+5.1%) bringing the stock to $91.74. This single gain is lifting the Dow Jones Industrial Average by 33.91 points or roughly accounting for 10.1% of the Dow's overall gain. Volume for Caterpillar ended the day at 7.4 million shares traded vs. an average daily trading volume of 10 million shares.
Caterpillar has a market cap of $56.39 billion and is part of the
industry. Shares are down 6.8% year to date as of Monday's close. The stock's dividend yield sits at 2.1%.
Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. It operates through three lines of businesses: Machinery, Engines, and Financial Products. The company has a P/E ratio of 13.3, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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, good cash flow from operations, 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.