Dow Today: Caterpillar (CAT) Lower

The Dow Jones Industrial Average ( ^DJI) is trading down 125.0 points (-0.9%) at 13,081 as of Friday, May 4, 2012, 10:35 a.m. ET. During this time, 168.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 735.7 million. The NYSE advances/declines ratio sits at 622 issues advancing vs. 2,218 declining with 118 unchanged.

Holding back the Dow today is Caterpillar (NYSE: CAT), which is lagging the broader Dow index with a $2.04 decline (-2%) bringing the stock to $98.63. This single loss is lowering the Dow Jones Industrial Average by 15.44 points or roughly accounting for 12.4% of the Dow's overall loss. Volume for Caterpillar currently sits at 2.9 million shares traded vs. an average daily trading volume of 6.4 million shares.

Caterpillar has a market cap of $66.97 billion and is part of the conglomerates sector and conglomerates industry. Shares are up 13.3% year to date as of Thursday's close. The stock's dividend yield sits at 1.8%.

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 12.9, 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 buy. 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.
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