Caterpillar Inc (CAT): Today's Featured Industrial Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Caterpillar ( CAT) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day down 0.5%. By the end of trading, Caterpillar fell $2.08 (-2.4%) to $83.44 on heavy volume. Throughout the day, 16,507,899 shares of Caterpillar exchanged hands as compared to its average daily volume of 6,218,800 shares. The stock ranged in price between $82.64-$85.28 after having opened the day at $84.58 as compared to the previous trading day's close of $85.52. Other companies within the Industrial industry that declined today were: Zoltek Companies ( ZOLT), down 17.9%, China Recycling Energy Corporation ( CREG), down 6.8%, Coleman Cable ( CCIX), down 5.4% and Broadwind Energy ( BWEN), down 5.2%.

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Caterpillar has a market cap of $56.6 billion and is part of the industrial goods sector. Shares are down 4.0% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Caterpillar a buy, no analysts rate it a sell, and 7 rate it a hold.

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, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Clean Diesel Technologies ( CDTI), up 49.2%, Asia Pacific Wire & Cable Corp ( APWC), up 10.9%, China Valves Technology ( CVVT), up 8.2% and Nidec Corporation ( NJ), up 5.5% , were all gainers within the industrial industry with A.O. Smith Corporation ( AOS) being today's featured industrial industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Tax Reform Is Coming and That Means Trump Stock Rally Is Ready to Kill It Again

'Trump Stock' Rally Is Back on Track

Caterpillar Reports 11% Jump in Global Machine Retail Sales in August

FedEx Makes A Comeback: Cramer's Top Takeaways

Watch Out For the Dominoes That Fall: Cramer's 'Mad Money' Recap (Wed 9/20/17)