NEW YORK ( TheStreet) -- Caterpillar ( CAT), Hewlett-Packard ( HPQ), Alcoa ( AA), Chevron ( CVX) and United Technologies ( UTX) were the worst-performing stocks in the Dow Jones Industrial Average in March. The Dow gained 1.79%, or 231.74 points, to 13,212.04 during the month.
Caterpillar shares fell 6.06% to $106.52 in March. The mining and construction equipment company said in an 8-K filing that its sales in North America, Latin America and the Asia/Pacific region increased in February but at a slower pace than they did the previous month. Caterpillar has an estimated price-to-earnings ratio for next year of 9.38 times; the average for commercial vehicle and truck companies is 20.58. For comparison, Deere ( DE) has a higher forward P/E of 9.49.. Nineteen of the 26 analysts who cover Caterpillar rated it buy; seven analysts gave the stock a hold rating. TheStreet Ratings gives Caterpillar an A grade with a buy rating and a $122.45 price target.