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 136.0 points (-0.9%) at 15,792 as of Wednesday, Jan 29, 2014, 12:35 p.m. ET. During this time, 237.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 363.7 million. The NYSE advances/declines ratio sits at 802 issues advancing vs. 2,178 declining with 139 unchanged.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Holding back the Dow today is Caterpillar (NYSE: CAT), which is lagging the broader Dow index with a $1.55 decline (-1.7%) bringing the stock to $90.92. This single loss is lowering the Dow Jones Industrial Average by 11.73 points or roughly accounting for 8.6% of the Dow's overall loss. Volume for Caterpillar currently sits at 4.1 million shares traded vs. an average daily trading volume of 5.2 million shares.

Caterpillar has a market cap of $58.09 billion and is part of the industrial goods sector and industrial industry. Shares are up 1.8% year to date as of Tuesday's close. The stock's dividend yield sits at 2.6%.

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 15.9, 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.

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

null

More from Markets

Video: When Planning for Retirement, Don't Underestimate Your Life Span

Video: When Planning for Retirement, Don't Underestimate Your Life Span

Video: Here's What May Come Next for Theranos Founder and CEO Elizabeth Holmes

Video: Here's What May Come Next for Theranos Founder and CEO Elizabeth Holmes

Charlie Gasparino Says GE Is Reportedly Looking to Slash Its Dividend Again

Charlie Gasparino Says GE Is Reportedly Looking to Slash Its Dividend Again

GE Confirms $11.1 Billion Transportation Merger With Wabtec

GE Confirms $11.1 Billion Transportation Merger With Wabtec

Dow Leads Major Indices With Triple-Digit Rally

Dow Leads Major Indices With Triple-Digit Rally