Dow Today: Caterpillar (CAT) Lower

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.

The Dow Jones Industrial Average ( ^DJI) is trading down 39.0 points (-0.2%) at 16,430 as of Monday, Jan 6, 2014, 12:35 p.m. ET. During this time, 145.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 362.1 million. The NYSE advances/declines ratio sits at 1,324 issues advancing vs. 1,656 declining with 122 unchanged.
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Holding back the Dow today is Caterpillar (NYSE: CAT), which is lagging the broader Dow index with a $1.04 decline (-1.2%) bringing the stock to $88.78. This single loss is lowering the Dow Jones Industrial Average by 7.87 points or roughly accounting for 20.2% of the Dow's overall loss. Volume for Caterpillar currently sits at 2.7 million shares traded vs. an average daily trading volume of 5.1 million shares.

Caterpillar has a market cap of $57.19 billion and is part of the industrial goods sector and industrial industry. Shares are down 1.1% year to date as of Friday'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. The company has a P/E ratio of 17.1, 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 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.

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