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 Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day up 1.1%. By the end of trading, Caterpillar rose $1.53 (1.9%) to $84.44 on average volume. Throughout the day, 6,199,952 shares of Caterpillar exchanged hands as compared to its average daily volume of 6,302,000 shares. The stock ranged in a price between $83.12-$84.81 after having opened the day at $83.62 as compared to the previous trading day's close of $82.91. Other companies within the Industrial Goods sector that increased today were: Homex Development ( HXM), up 22.5%, Exide Technologies ( XIDE), up 11.5%, NF Energy Saving ( NFEC), up 10.8% and Omega Flex ( OFLX), up 10.2%.
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 $54.7 billion and is part of the industrial industry. Shares are down 7.5% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Caterpillar a buy, no analysts rate it a sell, and 8 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 and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.