Why Caterpillar's Stock Is Trading Lower Today

Caterpillar CAT shares are trading lower on Tuesday after the company reported total rolling three-month machines retail sales for August were down 20%.

Caterpillar is an iconic manufacturer of heavy equipment, power solutions, and locomotives. It is currently the world's largest manufacturer of heavy equipment with approximately 13% of global market share in 2018. The company is divided into four reportable segments: construction industries, resource industries, energy & transportation, and Caterpillar Financial Services.

Its products are available through a dealer network that covers the globe with 2,163 branches maintained by 168 dealers. Caterpillar Financial Services provides financing to its customers and dealers, generating approximately 9% of operating profit.

Caterpillar shares were trading down 2.83% at $149.16 on Tuesday during the time of publication. The stock has a 52-week high of $155.48 and a 52-week low of $87.50.