Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, motorgraders, pipelayers, road reclaimers, telehandlers, and utility vehicles; backhoe, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors. The company's Resource Industries segment provides electric rope and hydraulic shovels, draglines, rotary drills, hard rock vehicles, track-type tractors, mining trucks, longwall miners, wheel loaders, off-highway and articulated trucks, wheel tractor scrapers, wheel dozers, landfill and soil compactors, machinery components, autonomous ready vehicles and solutions, and select work tools. Its Energy & Transportation segment offers reciprocating engine powered generator sets; reciprocating engines and integrated systems for the power generation, marine, oil, and gas industries; turbines, centrifugal gas compressors, and related services; remanufactured reciprocating engines and components; and diesel-electric locomotives and components, and other rail-related products. The company's Financial Products segment provides operating and finance leases, installment sale contracts, working capital loans, and wholesale financing; and insurance and risk management, as well as other equipment-related loans. Its All Other Operating segment offers filters and fluids, undercarriage, ground engaging tools, fluid transfer products, precision seals, and rubber sealing and connecting components; parts distribution; integrated logistics solutions; portfolio management; brand management and marketing strategy; and digital investments services. The company was formerly known as Caterpillar Tractor Co. The company was founded in 1925 and is headquartered in Deerfield, Illinois.
IPO Year:
Exchange: NYSE
Website: caterpillar.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
4/16/2025 | $283.00 | Underweight → Equal-Weight | Morgan Stanley |
4/7/2025 | $243.00 | Neutral → Sell | UBS |
2/3/2025 | $355.00 → $385.00 | Sell → Neutral | UBS |
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 |
IRVING, Texas, April 16, 2025 /PRNewswire/ -- Caterpillar Inc. (NYSE:CAT) will release first-quarter 2025 financial results at 5:30 a.m. CDT on Wednesday, April 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 con
NEW YORK, April 15, 2025 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. Kristen Scholer delivers the pre-market update on April 15th Bank of America (NYSE: BAC) reported better than expected results this morning, raising share price pre-market.General Motors (NYSE:GM) and Ford (NYSE:F) rose after President Trump's comments around helping auto companiesJohnson & Johnson (NYSE: JNJ), Citigroup (NYSE:C), and PNC (NYSE:PNC) highlight upcoming earningsOpening BellCaterpillar (NYSE:CAT) celebrates its 100th anni
IRVING, Texas, April 15, 2025 /PRNewswire/ -- After eight years as CEO and nearly 45 years of service, Caterpillar Inc. (NYSE:CAT) Chairman and CEO D. James Umpleby III will become Executive Chairman of the Board effective May 1. Chief Operating Officer (COO) Joseph E. Creed, a 28-year Caterpillar veteran, will succeed him as CEO and join the Board of Directors May 1. After assuming the role of CEO on January 1, 2017, Umpleby led the development and execution of a new strategy for long-term profitable growth, creating significant shareholder value. In 2024, Caterpillar achieve
IRVING, Texas, April 9, 2025 /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 May 20, 2025, to shareholders of record at the close of business on April 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
Exhibit focuses on the future of equipment, technology and solutions IRVING, Texas, April 7, 2025 /PRNewswire/ -- Marking its 100th anniversary, Caterpillar Inc. (NYSE:CAT) is focusing on "The Next 100 Years" of innovation and sustainability at bauma Munich 2025, the world's leading trade show for construction equipment. The company's exhibit showcases the latest equipment, technologies, power solutions and services to help customers face jobsite challenges head on. "Caterpillar is celebrating a century marked by groundbreaking innovation, engineering excellence and industry e
IRVING, Texas, April 3, 2025 /PRNewswire/ -- Caterpillar Inc. (NYSE:CAT) today announced the appointment of Christy Pambianchi to Chief Human Resources Officer (CHRO) effective May 1. Pambianchi will be a member of Caterpillar's Executive Office and will succeed Cheryl H. Johnson, whose retirement was announced in January. Pambianchi has served as a CHRO for the past 18 years at various companies across multiple industries, most recently serving as Chief People Officer at Intel, a global leader in semiconductor design and manufacturing with over $53 billion in annual revenue.
Full-Year 2024 vs. Full-Year 2023 NASHVILLE, Tenn., Jan. 30, 2025 /PRNewswire/ -- Cat Financial reported revenues of $3.49 billion for 2024, an increase of $241 million, or 7%, compared with $3.25 billion for 2023. The increase in revenues was primarily due to favorable impacts from higher average financing rates of $153 million and higher average earning assets of $127 million, partially offset by an unfavorable impact from returned or repossessed equipment of $34 million. Profit was $598 million for 2024, an increase of $35 million, or 6%, compared with $563 million for 2023.
Fourth-quarter 2024 sales and revenues were $16.2 billion; full-year sales and revenues were $64.8 billionFourth-quarter 2024 profit per share of $5.78; adjusted profit per share of $5.14Full-year profit per share of $22.05; adjusted profit per share of $21.90Strong enterprise operating cash flow of $12.0 billion; ended the year with $6.9 billion of enterprise cashDeployed $10.3 billion of cash for share repurchases and dividends in 2024Fourth Quarter Full Year ($ in billions except profit per share) 2024 2023 2024 2023 Sales and Revenues $16.2 $17.1 $64.8 $67.1 Profit Per Share $5.78 $5.28 $22.05 $20.12 Adjusted Profit Per Share $5.14 $5.23 $21.90 $21.21 Please see a reconciliation of GAAP
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
IRVING, Texas, April 16, 2025 /PRNewswire/ -- Caterpillar Inc. (NYSE:CAT) will release first-quarter 2025 financial results at 5:30 a.m. CDT on Wednesday, April 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 con
IRVING, Texas, April 9, 2025 /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 May 20, 2025, to shareholders of record at the close of business on April 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
Fourth-quarter 2024 sales and revenues were $16.2 billion; full-year sales and revenues were $64.8 billionFourth-quarter 2024 profit per share of $5.78; adjusted profit per share of $5.14Full-year profit per share of $22.05; adjusted profit per share of $21.90Strong enterprise operating cash flow of $12.0 billion; ended the year with $6.9 billion of enterprise cashDeployed $10.3 billion of cash for share repurchases and dividends in 2024Fourth Quarter Full Year ($ in billions except profit per share) 2024 2023 2024 2023 Sales and Revenues $16.2 $17.1 $64.8 $67.1 Profit Per Share $5.78 $5.28 $22.05 $20.12 Adjusted Profit Per Share $5.14 $5.23 $21.90 $21.21 Please see a reconciliation of GAAP
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
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
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Morgan Stanley upgraded Caterpillar from Underweight to Equal-Weight and set a new price target of $283.00
UBS downgraded Caterpillar from Neutral to Sell and set a new price target of $243.00
UBS upgraded Caterpillar from Sell to Neutral and set a new price target of $385.00 from $355.00 previously
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
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
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IRVING, Texas, April 3, 2025 /PRNewswire/ -- Caterpillar Inc. (NYSE:CAT) today announced the appointment of Christy Pambianchi to Chief Human Resources Officer (CHRO) effective May 1. Pambianchi will be a member of Caterpillar's Executive Office and will succeed Cheryl H. Johnson, whose retirement was announced in January. Pambianchi has served as a CHRO for the past 18 years at various companies across multiple industries, most recently serving as Chief People Officer at Intel, a global leader in semiconductor design and manufacturing with over $53 billion in annual revenue.
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
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