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 109.0 points (-0.7%) at 16,454 as of Friday, Aug 1, 2014, 11:36 a.m. ET. During this time, 146.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 303.2 million. The NYSE advances/declines ratio sits at 867 issues advancing vs. 2,100 declining with 155 unchanged.
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Holding back the Dow today is Caterpillar (NYSE: CAT), which is lagging the broader Dow index with a 74-cent decline (-0.7%) bringing the stock to $100.01. This single loss is lowering the Dow Jones Industrial Average by 5.6 points or roughly accounting for 5.1% of the Dow's overall loss. Volume for Caterpillar currently sits at 2.4 million shares traded vs. an average daily trading volume of 3.6 million shares.

Caterpillar has a market cap of $64.66 billion and is part of the industrial goods sector and industrial industry. Shares are up 10.9% 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.

TheStreet Ratings rates Caterpillar as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, reasonable valuation levels, growth in earnings per share and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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