Dow Today: United Technologies (UTX) Leads The Day Higher, Caterpillar (CAT) Lags

The Dow Jones Industrial Average ( ^DJI) closed down 53.0 points (-0.4%) at 12,952. During the day, 759.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 818.6 million. The NYSE advances/declines ratio closed at 1,029 issues advancing vs. 1,979 declining with 95 unchanged.

The Dow component that led the way higher today was United Technologies (NYSE: UTX), which sported a 40-cent gain (+0.5%) bringing the stock to $83.87. Volume for United Technologies ended the day at four million shares traded vs. an average daily trading volume of 4.4 million shares.

United Technologies has a market cap of $70.48 billion and is part of the conglomerates sector and conglomerates industry. Shares are up 14.2% year to date as of Tuesday's close. The stock's dividend yield sits at 2.3%.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. The company has a P/E ratio of 15.2, above the average conglomerates industry P/E ratio of 14.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates United Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins.

Holding the Dow back today was Caterpillar (NYSE: CAT), which lagged the broader Dow index with a $1.58 decline (-1.4%) bringing the stock to $114.18. This single loss is lowering the Dow Jones Industrial Average by 11.96 points or roughly accounting for 22.6% of the Dow's overall loss. Volume for Caterpillar ended the day at 5.8 million shares traded vs. an average daily trading volume of 7.8 million shares.

Caterpillar has a market cap of $68.73 billion and is part of the industrial goods sector and industrial industry. Shares are up 27.6% year to date as of Tuesday's close. The stock's dividend yield sits at 1.6%.

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 15.6, below the average industrial industry P/E ratio of 16.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Caterpillar as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, solid stock price performance, 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.
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