Evercore ISI downgraded Caterpillar from In-line to Underperform and set a new price target of $365.00 from $321.00 previously

Morgan Stanley downgraded Caterpillar from Equal-Weight to Underweight and set a new price target of $332.00 from $349.00 previously

Raymond James initiated coverage of Caterpillar with a rating of Mkt Perform

Citigroup initiated coverage of Caterpillar with a rating of Buy and set a new price target of $380.00

TD Cowen reiterated coverage of Caterpillar with a rating of Buy and set a new price target of $340.00 from $338.00 previously

Stifel downgraded Caterpillar from Buy to Hold and set a new price target of $350.00 from $293.00 previously

Truist initiated coverage of Caterpillar with a rating of Buy and set a new price target of $390.00

Evercore ISI downgraded Caterpillar from Outperform to In-line and set a new price target of $338.00 from $321.00 previously

TD Cowen reiterated coverage of Caterpillar with a rating of Outperform and set a new price target of $338.00 from $300.00 previously

Morgan Stanley initiated coverage of Caterpillar with a rating of Equal-Weight and set a new price target of $270.00

Third-quarter 2024 profit per share of $5.06; adjusted profit per share of $5.17Enterprise operating cash flow was $3.6 billion in the third quarter of 2024Deployed $1.5 billion of cash for share repurchases and dividends in the third quarterThird Quarter ($ in billions except profit per share) 2024 2023 Sales and Revenues $16.1 $16.8 Profit Per Share $5.06 $5.45 Adjusted Profit Per Share $5.17 $5.52 Please see a reconciliation of GAAP to non-GAAP financial measures in the appendix on pages 13 and 14.   IRVING, Texas, Oct. 30, 2024 /PRNewswire/ -- Caterpillar Inc. (NYSE:CAT) announced third-quarter 2024 results. Sales and revenues for the third quarter of 2024 were $16.1 billion, a 4% decrea

IRVING, Texas, Oct. 16, 2024 /PRNewswire/ -- Caterpillar Inc. (NYSE:CAT) will release third-quarter 2024 financial results at 5:30 a.m. CDT on Wednesday, Oct. 30. The full text of the release will be available at investors.caterpillar.com/financials/quarterly-results and on PR Newswire. The release will be furnished to the U.S. Securities and Exchange Commission (SEC) via a Current Report on Form 8-K in compliance with applicable SEC rules. Teleconference and webcast access:A real-time, listen-only teleconference and webcast of the quarterly results call that Caterpillar condu

IRVING, Texas, Oct. 9, 2024 /PRNewswire/ -- The Board of Directors of Caterpillar Inc. (NYSE:CAT) voted today to maintain the quarterly dividend of one dollar and forty-one cents ($1.41) per share of common stock, payable Nov. 20, 2024, to shareholders of record at the close of business on Oct. 21, 2024. Caterpillar has paid a cash dividend every year since the company was formed and has paid a quarterly dividend since 1933. With this dividend payment, Caterpillar will have paid higher annual dividends to shareholders for 31 consecutive years and is recognized as a member of t

Second-quarter 2024 profit per share of $5.48; adjusted profit per share of $5.99Enterprise operating cash flow was $3.0 billion in the second quarter of 2024Deployed $2.5 billion of cash for share repurchases and dividends in the second quarterSecond Quarter ($ in billions except profit per share) 2024 2023 Sales and Revenues $16.7 $17.3 Profit Per Share $5.48 $5.67 Adjusted Profit Per Share $5.99 $5.55 Please see a reconciliation of GAAP to non-GAAP financial measures in the appendix on pages 13 and 14.   IRVING, Texas, Aug. 6, 2024 /PRNewswire/ -- Caterpillar Inc. (NYSE:CAT) announced second-quarter 2024 results. Sales and revenues for the second quarter of 2024 were $16.7 billion, a 4% d

IRVING, Texas, July 23, 2024 /PRNewswire/ -- Caterpillar Inc. (NYSE:CAT) will release second-quarter 2024 financial results at 5:30 a.m. CDT on Tuesday, Aug. 6. The full text of the release will be available at investors.caterpillar.com/financials/quarterly-results or on PR Newswire at approximately 5:30 a.m. CDT. The release will be furnished to the U.S. Securities and Exchange Commission (SEC) via a Current Report on Form 8-K in compliance with applicable SEC rules. Teleconference and webcast access:A real-time, listen-only teleconference and webcast of the quarterly results

IRVING, Texas, June 12, 2024 /PRNewswire/ -- The Board of Directors of Caterpillar Inc. (NYSE:CAT) voted today to raise the quarterly dividend by eleven cents, an 8% increase, to one dollar and forty-one cents ($1.41) per share of common stock, payable August 20, 2024, to shareholders of record at the close of business on July 22, 2024. The Board of Directors also added $20 billion to its current share repurchase authorization, which was launched in 2022 with no expiration date. With the new authorization, Caterpillar Inc. may repurchase up to approximately $21.8 billion of its common stock. Caterpillar expects to continue to return substantially all Machinery, Energy & Transportation (ME&T)

First-quarter 2024 profit per share of $5.75; adjusted profit per share of $5.60Enterprise operating cash flow was $2.1 billion in the first quarter of 2024Deployed $5.1 billion of cash for share repurchases and dividends in the first quarterFirst Quarter ($ in billions except profit per share) 2024 2023 Sales and Revenues $15.8 $15.9 Profit Per Share $5.75 $3.74 Adjusted Profit Per Share $5.60 $4.91 Please see a reconciliation of GAAP to non-GAAP financial measures in the appendix on pages 12 and 13. IRVING, Texas, April 25, 2024 /PRNewswire/ -- Caterpillar Inc. (NYSE:CAT) announced first-quarter 2024 results. Sales and revenues for the first quarter of 2024 were $15.8 billion, about flat t

IRVING, Texas, April 11, 2024 /PRNewswire/ -- Caterpillar Inc. (NYSE:CAT) will release first-quarter 2024 financial results at 5:30 a.m. CDT on Thursday, April 25. The full text of the release will be available at investors.caterpillar.com/financials/quarterly-results or on PR Newswire at approximately 5:30 a.m. CDT. The release will be furnished to the U.S. Securities and Exchange Commission (SEC) via a Current Report on Form 8-K in compliance with applicable SEC rules. Teleconference and webcast access:A real-time, listen-only teleconference and webcast of the quarterly resu

IRVING, Texas, April 10, 2024 /PRNewswire/ -- The Board of Directors of Caterpillar Inc. (NYSE:CAT) voted today to maintain the quarterly dividend of one dollar and thirty cents ($1.30) per share of common stock, payable May 20, 2024, to shareholders of record at the close of business on April 22, 2024. Caterpillar has paid a cash dividend every year since the company was formed and has paid a quarterly dividend since 1933. Caterpillar has paid higher annual dividends to shareholders for 30 consecutive years and is recognized as a member of the S&P 500 Dividend Aristocrats Ind

Fourth-quarter 2023 sales and revenues up 3%; full-year sales and revenues up 13%Fourth-quarter 2023 profit per share of $5.28; adjusted profit per share of $5.23Full-year profit per share of $20.12; adjusted profit per share of $21.21Strong operating cash flow of $12.9 billion; ended the year with $7.0 billion of enterprise cashReturned $7.5 billion to shareholders through share repurchases and dividends in 2023Fourth Quarter Full Year ($ in billions except profit per share) 2023 2022 2023 2022 Sales and Revenues $17.1 $16.6 $67.1 $59.4 Profit Per Share $5.28 $2.79 $20.12 $12.64 Adjusted Profit Per Share $5.23 $3.86 $21.21 $13.84   IRVING, Texas, Feb. 5, 2024 /PRNewswire/ -- Caterpillar Inc

Nazzic Keene to Join the Board IRVING, Texas, Oct. 11, 2024 /PRNewswire/ -- Caterpillar Inc. (NYSE:CAT) today announced that Nazzic S. Keene, former chief executive officer of Science Applications International Corporation (SAIC), has been appointed to the Caterpillar board of directors, effective Nov. 1.  Keene will serve on Caterpillar's Nominating & Governance Committee and Compensation & Human Resources Committee. "We are pleased to welcome a leader of such high caliber to our board," said Caterpillar Chairman and CEO Jim Umpleby. "With Nazzic's leadership history of drivi

Oct. 1, 2024-- ITT Inc. (NYSE:ITT) today announced the election of Maggie Chu to its Board of Directors. Ms. Chu currently serves as Chief Human Resources Officer of Littelfuse, Inc. (NASDAQ:LFUS), a global manufacturer of circuit protection and power control components serving customers across industrial, transportation and electronics end markets with a market capitalization of more than $6 billion. She has been with Littelfuse since 2021 and currently leads the company's human resources (HR) and corporate communications functions globally. Ms. Chu's appointment to the ITT board is effective immediately. "Maggie is an experienced and seasoned Human Resources executive with a robust track

Radwell International ("Radwell," or "the Company"), a leading global industrial operations, automation, and electronics solutions provider, today announced the appointment of Chris Snodgrass as Chief Executive Officer. He will become a member of the company's Board of Directors, effective August 5, 2024. Mr. Snodgrass is a proven global executive with extensive operational and management experience across diverse industrial sectors. Most recently, he served as Senior Vice President of the Building Construction Products division (BCP) and an officer at Caterpillar, Inc. (NYSE:CAT). Prior to BCP, Mr. Snodgrass was Senior Vice President for the Product Support & Logistics division (PSLD), w

IRVING, Texas, Dec. 14, 2023 /PRNewswire/ -- Caterpillar Inc. (NYSE:CAT) announced today that Jason Kaiser, senior vice president of the Electric Power Division, has been appointed to Group President of the Energy & Transportation (E&T) segment, effective Jan. 1, 2024. In this role, Kaiser will have responsibility for the Rail Division, Solar Turbines, Large Power Systems Division, Industrial Power Systems Division, Electric Power Division (EPD), Caterpillar Oil & Gas and Marine Division (COGMD), Cat Reman® and Electrification and Energy Solutions Division.   "Jason's extensiv

Judith Marks and James Fish, Jr. to Join the Board; Thanks to Edward Rust for Service IRVING, Texas, Feb. 1, 2023 /PRNewswire/ -- Caterpillar Inc. (NYSE:CAT) today announced that Judith (Judy) Marks, Chair, CEO and President of Otis Worldwide Corporation, and James (Jim) Fish, Jr., President and CEO of Waste Management (WM), have been appointed to the Caterpillar board of directors, effective March 1, 2023. Marks will serve on Caterpillar's Audit Committee and Compensation and Human Resources Committee. Fish will serve on Caterpillar's Audit Committee and Sustainability & oth

Mayville Engineering Company (NYSE:MEC) (the "Company" or "MEC"), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, today announced the appointment of Sean Leuba as Senior Vice President, Corporate Development and General Counsel effective January 25, 2023 reporting directly to President and Chief Executive Officer, Jag Reddy. Mr. Leuba brings to MEC more than two decades of public-company development, operations and legal expertise within the machinery and manufacturing industries. Throughout his career, Mr. Leuba has been integral in leading corporate development efforts, while utilizing his extensive legal experience. "We are

Cheniere Energy, Inc. ("Cheniere" or the "Company") (NYSE:LNG) announced today that its Board of Directors ("Board") has appointed Brian E. Edwards to serve as a member of the Board, effective October 3, 2022. Mr. Edwards is considered an independent director. Mr. Edwards has been appointed to the Audit and Compensation Committees. Mr. Edwards is a Senior Vice President of Caterpillar Inc. ("Caterpillar") (NYSE:CAT) with responsibility for the Caterpillar Remanufacturing Division. Mr. Edwards joined Caterpillar in 2010 as Vice President of Sales and Marketing at Caterpillar's wholly owned subsidiary, Progress Rail. Prior to joining Caterpillar, Mr. Edwards spent over 20 years in manufactur

EDISON, N.J., Dec. 14, 2021 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ:EOSE) ("Eos"), a leading provider of safe, scalable, efficient, and sustainable zinc-based energy storage systems, today announced that Randall ("Randy") B. Gonzales has been appointed Chief Financial Officer, to succeed Sagar Kurada who has announced his intention to resign, effective January 11, 2022. Eos CEO Joe Mastrangelo said, "Randy is a proven industrial CFO with a superior track record of delivering results and creating value. I'm excited to welcome Randy to Eos. He is a high-impact executive who brings a unique blend of capital allocation discipline, well-honed operating skills, and transformati

Financial giants have made a conspicuous bullish move on Caterpillar. Our analysis of options history for Caterpillar (NYSE:CAT) revealed 21 unusual trades. Delving into the details, we found 52% of traders were bullish, while 23% showed bearish tendencies. Out of all the trades we spotted, 15 were puts, with a value of $609,104, and 6 were calls, valued at $388,451. Predicted Price Range After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $300.0 and $400.0 for Caterpillar, spanning the last three months. Analyzing Volume & Open Interest Looking at the volume and open interest is an insightful way to conduct d

Caterpillar's (NYSE:CAT) short percent of float has fallen 11.25% since its last report. The company recently reported that it has 10.38 million shares sold short, which is 2.13% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.48 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest

On CNBC's “Halftime Report Final Trades,” Kevin Simpson of Capital Wealth Planning said profits, net margins of Caterpillar Inc. (NYSE:CAT) are at all-time highs. On June 12, Caterpillar raised its dividend and increased its share repurchase program. The Board of Directors voted to increase the quarterly dividend by 11 cents, an 8% rise to $1.41 per share, payable on August 20 2024, to shareholders of record as of July 22, 2024. Additionally, Caterpillar added $20 billion to its current share repurchase authorization, allowing for up to $21.8 billion in stock buybacks. Shannon Saccocia of NB Private Wealth named iShares U.S. Real Estate ETF (NYSE:IYR) as her final trade. Don't forge

The Dow Jones Industrial Average Index reached a new record high of 41,198 points Wednesday, closing 0.6% higher and extending its winning streak to six consecutive sessions in the green. Blue-chip stocks, tracked by the SPDR Dow Jones Industrial Average ETF (NYSE:DIA), found a strong ally in July’s seasonality. Just a year ago, the Dow Jones began a remarkable bull run of 13 consecutive sessions starting on July 10. This year’s Dow rally is distinguished not only by new record highs but by its outperformance relative to the tech sector. Over the last six sessions, the Dow Jones has risen by 5%, while the tech-heavy Nasdaq 100 fell by 3.3%. Therefore, it has outperformed the Nasdaq

Whales with a lot of money to spend have taken a noticeably bearish stance on Caterpillar. Looking at options history for Caterpillar (NYSE:CAT) we detected 8 trades. If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 62% with bearish. From the overall spotted trades, 3 are puts, for a total amount of $180,263 and 5, calls, for a total amount of $182,938. Expected Price Movements Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $350.0 to $400.0 for Caterpillar over the recent three months. Volume & Open Interest Development In today'

This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume ACHR CALL TRADE BEARISH 10/18/24 $6.00 $1.0 million 20.4K 69.3K CHPT CALL SWEEP BULLISH 08/02/24 $2.5

The United Auto Workers (UAW)union is calling out the Biden administration for not pursuing accusations of labor abuses by a Mexican subsidiary of Caterpillar Inc. (NYSE:CAT), a U.S. manufacturer of earth-moving equipment. In late June, the administration told a group of unions that it would not follow up on the complaint that the subsidiary retaliated against striking union members by making it difficult for them to find other jobs through blacklisting, the New York Times reported. Government policing of such violations under the U.S.-Mexico-Canada Agreement is intended to discourage American employers from moving jobs to Mexico for weaker labor protections. Also Read: After UAW Wi

This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Industrials sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume ACHR CALL SWEEP BEARISH 10/18/24 $6.00 $164.8K 1.6K 15.3K HON PUT TRADE NEUTRAL 09/20