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Date | Price Target | Rating | Analyst |
---|---|---|---|
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 |
2/20/2024 | $321.00 → $338.00 | Outperform → In-line | Evercore ISI |
2/6/2024 | $300.00 → $338.00 | Outperform | TD Cowen |
1/8/2024 | $270.00 | Equal-Weight | Morgan Stanley |
4 - CATERPILLAR INC (0000018230) (Issuer)
4 - CATERPILLAR INC (0000018230) (Issuer)
4 - CATERPILLAR INC (0000018230) (Issuer)
4 - CATERPILLAR INC (0000018230) (Issuer)
4 - CATERPILLAR INC (0000018230) (Issuer)
4 - CATERPILLAR INC (0000018230) (Issuer)
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)
8-K - CATERPILLAR INC (0000018230) (Filer)
10-Q - CATERPILLAR INC (0000018230) (Filer)
8-K - CATERPILLAR INC (0000018230) (Filer)
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
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
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
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IRVING, Texas, Sept. 11, 2024 /PRNewswire/ -- Caterpillar (NYSE:CAT) Chief Operating Officer Joe Creed and Group President of Resource Industries Denise Johnson are expected to participate in a fireside chat hosted by Tami Zakaria from JP Morgan at MINExpo in Las Vegas on Tuesday, Sept. 24. Caterpillar is scheduled to speak beginning at approximately 9:30 a.m. PT. A real-time video webcast will be available to the public. Participants should visit the website at least 15 minutes before the live event to download and install any necessary software. A transcript will be posted
Competition Highlights Importance of Skilled Technicians IRVING, Texas, Aug. 12, 2024 /PRNewswire/ -- Caterpillar (NYSE:CAT) is presenting the first-ever Global Dealer Technician Challenge to celebrate the essential role dealer technicians play in providing an excellent customer service experience. This challenge, for independent Cat dealers that choose to participate, is designed to showcase how skilled technicians are part of a high-tech, high-impact, high-demand career. "This hands-on, skills-based competition will test the technicians' agility, resilience and versatility,"
NASHVILLE, Tenn., Aug. 6, 2024 /PRNewswire/ -- Cat Financial reported second-quarter 2024 revenues of $865 million, an increase of $72 million, or 9%, compared with $793 million in the second quarter of 2023. The increase in revenues was primarily due to a $50 million favorable impact from higher average financing rates and a $32 million favorable impact from higher average earning assets. Second-quarter 2024 loss was $65 million, a decrease of $215 million, or 143%, compared with $150 million profit in the second quarter of 2023. Second-quarter 2024 loss before income taxes was $18 million, mainly driven by a $210 million loss on divestiture of a non-U.S. entity. Excluding the loss on dive