Dow Today: Caterpillar (CAT) Lower

The Dow Jones Industrial Average ( ^DJI) is trading up 15 points at 15,466 as of Wednesday, Jul 17, 2013, 12:35 p.m. ET. During this time, 327 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 594 million. The NYSE advances/declines ratio sits at 1,986 issues advancing vs. 913 declining with 127 unchanged.
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Holding back the Dow today is Caterpillar (NYSE: CAT), which is lagging the broader Dow index with a $1.85 decline (-2.1%) bringing the stock to $86.32. Volume for Caterpillar currently sits at 6.5 million shares traded vs. an average daily trading volume of 6.5 million shares.

Caterpillar has a market cap of $57.48 billion and is part of the industrial goods sector and industrial industry. Shares are down 1.6% year to date as of Tuesday's close. The stock's dividend yield sits at 2.7%.

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide.

TheStreet Ratings rates Caterpillar as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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