Citigroup initiated coverage on Caterpillar with a new price target
$CAT
Construction/Ag Equipment/Trucks
Industrials
Citigroup initiated coverage of Caterpillar with a rating of Buy and set a new price target of $380.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/13/2025 | $365.00 | Underperform → In-line | Evercore ISI |
| 11/13/2024 | $321.00 → $365.00 | In-line → Underperform | Evercore ISI |
| 10/14/2024 | $349.00 → $332.00 | Equal-Weight → Underweight | Morgan Stanley |
| 6/28/2024 | Mkt Perform | Raymond James | |
| 6/26/2024 | $380.00 | Buy | Citigroup |
| 4/26/2024 | $338.00 → $340.00 | Buy | TD Cowen |
| 4/26/2024 | $293.00 → $350.00 | Buy → Hold | Stifel |
| 3/14/2024 | $390.00 | Buy | Truist |
IRVING, Texas, Jan. 16, 2025 /PRNewswire/ -- Caterpillar Inc. (NYSE:CAT) will release fourth-quarter and full-year 2024 financial results at 5:30 a.m. CST on Thursday, Jan. 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 Ca
IRVING, Texas, Jan. 15, 2025 /PRNewswire/ -- Caterpillar Inc. (NYSE:CAT) today announced Chief Human Resources Officer Cheryl H. Johnson will retire April 30 following an impactful seven-year career at the company. "Cheryl's leadership and vision have transformed the Caterpillar HR function to align with the company's business strategy, sharpened our focus on talent development and cultivated a culture of continuous improvement," said Caterpillar Chairman and CEO Jim Umpleby. "On behalf of the entire Caterpillar team, I thank Cheryl for her dedicated service." The company has
Company celebrates its centennial anniversary with employees, founders and communities IRVING, Texas, Jan. 9, 2025 /PRNewswire/ -- Caterpillar Inc. (NYSE:CAT) today marked its 100th anniversary with celebrations throughout the U.S. that commemorate a monumental moment in the company's history. The iconic manufacturing company officially turns 100 on April 15, marking a century of customer-centric innovation and industry-leading transformation. The Holt Manufacturing Company and the C.L. Best Tractor Co. merged to form what was then known as the Caterpillar Tractor Co. in 1925.
Evercore ISI upgraded Caterpillar from Underperform to In-line and set a new price target of $365.00
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
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IRVING, Texas, Jan. 16, 2025 /PRNewswire/ -- Caterpillar Inc. (NYSE:CAT) will release fourth-quarter and full-year 2024 financial results at 5:30 a.m. CST on Thursday, Jan. 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 Ca
IRVING, Texas, Dec. 10, 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 Feb. 20, 2025, to shareholders of record at the close of business on Jan. 21, 2025. 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 31 consecutive years and is recognized as a member of the S&P 500 Dividend Aristocrats I
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
Company celebrates its centennial anniversary with employees, founders and communities IRVING, Texas, Jan. 9, 2025 /PRNewswire/ -- Caterpillar Inc. (NYSE:CAT) today marked its 100th anniversary with celebrations throughout the U.S. that commemorate a monumental moment in the company's history. The iconic manufacturing company officially turns 100 on April 15, marking a century of customer-centric innovation and industry-leading transformation. The Holt Manufacturing Company and the C.L. Best Tractor Co. merged to form what was then known as the Caterpillar Tractor Co. in 1925.
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