CATERPILLAR

I put a buy order in this morning for Caterpillar (CAT). My trade executed at 63.00 per share. I have been watching this company for the past 6 months and have seen it come down to the lower end of the trading range on fears of the construction business slowing down. The 52 week price range is $57.98 to $82.03. The low 60's seems like a good entry point for a premier company like Caterpillar. It trades at a P/E of 12.39 and pays a dividend of 1.90 percent.

Caterpillar, Inc. manufactures construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. The company operates in three primary lines of business: machinery, engines, and financial products. The machinery line of business designs, manufactures, markets, and sells construction, mining, and forestry machinery, such as track and wheel tractors, track and wheel loaders, pipelayers, motor graders, wheel tractor-scrapers, track and wheel excavators, backhoe loaders, log skidders, log loaders, off-highway trucks, articulated trucks, paving products, telescopic handlers, skid steer loaders, and related parts. It also offers logistics services for other companies. The engines business line designs, manufactures, markets, and sells engines for the company's machinery; electric power generation systems; on-highway vehicles and locomotives; marine, petroleum, construction, industrial, agricultural, and other applications; and related parts. The financial products line of business includes provision of various financing alternatives to customers and dealers for the company machinery and engines, and solar gas turbines, as well as other equipment and marine vessels. It also offers various forms of insurance to customers and dealers to support the purchase and lease of Caterpillars equipment; and invests in independent power projects using the company's power generation equipment and services. Caterpillar markets its products through various distribution centers and dealers worldwide. The company was founded as Caterpillar Tractor Co. in 1925 and changed its name to Caterpillar, Inc. in 1986. Caterpillar is headquartered in Peoria, Illinois.