Caterpillar and 2 Dow Jones Industrials Facing Investor Skepticism

Caterpillar (NYSE:CAT) sticks with its outlook for $58B in revenue in 2011 and maintains its current quarterly dividend rate of $0.46/share for shareholders. The company plans to release its 2012 outlook in the near future, to include a full-year of Bucyrus-related sales of about $5B. Shares may be down today due to a bleak warning on near-term production from Joy Global (NASDAQ:JOYG). CAT shares recently traded at $87.12, down $3.86, or 4.24%. They have traded in a 52-week range of $67.54 to $116.55. Volume today was 9,235,024 shares versus a 3-month average volume of 9,954,350 shares. The company’s trailing P/E is 13.31, while trailing earnings are $6.54 per share. Get the most recent company news and stock data here >>

GE (NYSE:GE)holds its own after Credit Suisse ups estimates with remarks that although the company’s margins are down, energy revenue should return to growth in Q4. The firm raises its overall EPS estimates to $1.36 for 2011, $1.50 for 2012 and $1.71 for 2013. On another note, Sterne Agee thinks the company’s stock could be ready to bounce back given the beneficial results from the company’s recent restructuring. GE shares recently traded at $16.67, up $0.25, or 1.52%. They have traded in a 52-week range of $14.02 to $21.65. Volume today was 46,531,969 shares versus a 3-month average volume of 69,162,400 shares. The company’s trailing P/E is 12.75, while trailing earnings are $1.31 per share. Get the most recent company news and stock data here >>

3M (NYSE:MMM): After reporting flaccid earnings and cuting its 2011 guidance in October, 3M is offering about 4,900 employees — or 15% of its workforce — a chance at an early retirement package. It is believed that about 1,000 employees will accept the offer, which is valid until Jan. 31. MMM shares recently traded at $78.96, down $0.45, or 0.57%. They have traded in a 52-week range of $68.63 to $98.19. Volume today was 1,999,150 shares versus a 3-month average volume of 5,028,890 shares. The company’s trailing P/E is 13.43, while trailing earnings are $5.88 per share. Get the most recent company news and stock data here >>

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