Dow Jones Industrial Average
) is trading down 158.0 points (-1.3%) at 12,482 as of Monday, Jun 25, 2012, 12:35 p.m. ET. During this time, 283 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 702.1 million. The NYSE advances/declines ratio sits at 516 issues advancing vs. 2,459 declining with 87 unchanged.
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Holding back the Dow today is
), which is lagging the broader Dow index with a $2.40 decline (-2.8%) bringing the stock to $82.56. This single loss is lowering the Dow Jones Industrial Average by 18.16 points or roughly accounting for 11.5% of the Dow's overall loss. Volume for Caterpillar currently sits at 4.5 million shares traded vs. an average daily trading volume of 6.9 million shares.
Caterpillar has a market cap of $55.45 billion and is part of the
industry. Shares are down 6.2% year to date as of Friday's close. The stock's dividend yield sits at 2.4%.
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 10.7, 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
. 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.