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 200.0 points (-1.2%) at 15,997 as of Friday, Jan 24, 2014, 1:35 p.m. ET. During this time, 320 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 357.6 million. The NYSE advances/declines ratio sits at 409 issues advancing vs. 2,639 declining with 105 unchanged.
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Holding back the Dow today is Caterpillar (NYSE: CAT), which is lagging the broader Dow index with a $2.29 decline (-2.6%) bringing the stock to $86.19. This single loss is lowering the Dow Jones Industrial Average by 17.33 points or roughly accounting for 8.7% of the Dow's overall loss. Volume for Caterpillar currently sits at 4.7 million shares traded vs. an average daily trading volume of 4.9 million shares.

Caterpillar has a market cap of $57.04 billion and is part of the industrial goods sector and industrial industry. Shares are down 2.6% year to date as of Thursday'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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