Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
Dow Jones Industrial Average
) is trading down 74.0 points (-0.6%) at 13,129 as of Wednesday, Aug 22, 2012, 12:35 p.m. ET. During this time, 229.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 661.9 million. The NYSE advances/declines ratio sits at 722 issues advancing vs. 2,187 declining with 120 unchanged.
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Holding back the Dow today is
), which is lagging the broader Dow index with a $2.36 decline (-2.6%) bringing the stock to $87.93. This single loss is lowering the Dow Jones Industrial Average by 17.86 points or roughly accounting for 24.1% of the Dow's overall loss. Volume for Caterpillar currently sits at 4.8 million shares traded vs. an average daily trading volume of 7.6 million shares.
Caterpillar has a market cap of $56.98 billion and is part of the
industry. Shares are down 0.3% year to date as of Tuesday's close. The stock's dividend yield sits at 2.3%.
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 10.1, above the average conglomerates industry P/E ratio of 9.8 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 high debt management risk by most measures that we evaluated.
- You can view the full Caterpillar Ratings Report.