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NYSE:CAT

Caterpillar (CAT) Stock Price, News & Analysis

$328.96
+0.61 (+0.19%)
(As of 07/8/2024 ET)
Today's Range
$327.18
$333.26
50-Day Range
$321.61
$362.98
52-Week Range
$223.76
$382.01
Volume
1.91 million shs
Average Volume
2.70 million shs
Market Capitalization
$160.88 billion
P/E Ratio
14.85
Dividend Yield
1.58%
Price Target
$329.63

Caterpillar MarketRank™ Stock Analysis

Analyst Rating
Hold
2.39 Rating Score
Upside/​Downside
0.2% Upside
$329.63 Price Target
Short Interest
Bearish
2.40% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.18
Upright™ Environmental Score
News Sentiment
0.89mentions of Caterpillar in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$8.31 M Sold Last Quarter
Proj. Earnings Growth
5.46%
From $21.80 to $22.99 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.02 out of 5 stars

Industrial Products Sector

43rd out of 165 stocks

Construction Machinery Industry

3rd out of 6 stocks

CAT stock logo

About Caterpillar Stock (NYSE:CAT)

Caterpillar Inc. is a Fortune 500 company that designs, manufactures and markets construction and mining equipment, diesel and natural gas engines, diesel-electric locomotives and industrial gas turbines. It is the world's largest manufacturer of mining and construction equipment and one of the world's largest manufacturers of diesel and natural gas engines. Caterpillar is headquartered in Deerfield, Illinois, and operates in more than 180 countries worldwide. 

Caterpillar is well-positioned for long-term growth with a strong balance sheet, a diversified product portfolio and a solid presence in international markets. The company has continued to invest in research and development, intending to "develop innovative products and services that leverage the power of technology to improve customer productivity and reduce costs." Caterpillar has also expanded its presence in Asia, Latin America and other parts of the world, allowing it to capitalize on the growth of developing markets. 

Caterpillar has been a leader in the construction and mining equipment market for many years, offering tractors, excavators, wheel loaders, backhoe loaders, engines, transmissions and more. Caterpillar has invested heavily in its dealer network, providing customers access to its products and services in over 180 countries. 

In addition to its construction and mining equipment business, Caterpillar also has a strong presence in the power systems industry, providing power solutions such as diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company's services include parts, repairs and maintenance and financing. Caterpillar is dedicated to providing innovative and efficient power solutions and has invested in research and development to advance their products and services. 

Caterpillar has a long history of financial strength and stability. The company has consistently reported revenue growth and strong profits in recent years. 

Caterpillar is a leader in the construction and mining equipment market, and its presence in the power systems sector provides additional growth opportunities. The company's diversified product portfolio and solid presence in international markets make it well-positioned for long-term growth. The company has a strong balance sheet, a diversified product portfolio and a long history of generating consistent revenue and profits. 

CAT Stock Price History

CAT Stock News Headlines

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Any Pullback in Tech May Signal a Rotation into These 3 Sectors (CAT)
Investors who believe in diversification are waiting for the market to broaden out; instead of watching the Fed, look at the sectors institutions are buying
U
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An Iranian-backed umbrella group known as the Islamic Resistance in Iraq has claimed an attack targeting the southern Israeli port city of Eilat
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You can now profit from a catalog of 11 inventions that will likely make their way into millions of U.S. households in the months and years to come. And you can do this whether you’re rich or poor… There are no special income requirements.
7 Explosive Growth Stocks Primed for Life-Changing Returns
Caterpillar (NYSE:CAT) Trading Up 0.7%
Caterpillar (NYSE:CAT) Trading Down 2.1%
Young billionaire opens the door for millions of Americans
You can now profit from a catalog of 11 inventions that will likely make their way into millions of U.S. households in the months and years to come. And you can do this whether you’re rich or poor… There are no special income requirements.
See More Headlines
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Company Calendar

Ex-Dividend for 5/20 Dividend
4/19/2024
Last Earnings
4/25/2024
Dividend Payable
5/20/2024
Today
7/09/2024
Ex-Dividend for 8/20 Dividend
7/22/2024
Next Earnings (Estimated)
8/06/2024
Dividend Payable
8/20/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Construction machinery
Sub-Industry
Construction & Farm Machinery & Heavy Trucks
CUSIP
14912310
Employees
113,200
Year Founded
1925

Price Target and Rating

Average Stock Price Target
$329.63
High Stock Price Target
$435.00
Low Stock Price Target
$245.00
Potential Upside/Downside
+0.2%
Consensus Rating
Hold
Rating Score (0-4)
2.39
Research Coverage
18 Analysts

Profitability

Net Income
$10.34 billion
Pretax Margin
20.82%

Debt

Sales & Book Value

Annual Sales
$67.06 billion
Cash Flow
$25.66 per share
Book Value
$38.31 per share

Miscellaneous

Free Float
487,439,000
Market Cap
$160.88 billion
Optionable
Optionable
Beta
1.12

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Should I Buy Caterpillar Stock? CAT Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Caterpillar Inc.:

  • Caterpillar's stock price has shown resilience, currently trading at a stable level, indicating potential for steady returns.
  • Institutional investors, including hedge funds, have been increasing their stakes in Caterpillar, reflecting confidence in the company's future performance.
  • Caterpillar's diverse product portfolio, including construction and mining equipment, engines, and turbines, provides exposure to multiple sectors, reducing risk from industry-specific fluctuations.
  • Recent insider transactions, such as Cheryl H. Johnson selling shares, can sometimes signal positive sentiment or strategic moves within the company.
  • Global presence and established reputation make Caterpillar a reliable investment choice for those seeking stability and long-term growth potential.

Cons

Investors should be bearish about investing in Caterpillar Inc. for these reasons:

  • Market volatility and economic uncertainties could impact Caterpillar's performance, leading to fluctuations in stock value.
  • Dependency on the construction and mining sectors exposes Caterpillar to cyclical trends, potentially affecting revenue during industry downturns.
  • Competitive landscape with other industrial equipment manufacturers may limit Caterpillar's market share growth and pricing power.
  • Environmental regulations and sustainability concerns could pose challenges for Caterpillar's traditional diesel engine products, requiring costly adaptations.
  • Currency exchange rate fluctuations may impact Caterpillar's international operations and financial results, adding a layer of currency risk for investors.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, July 7, 2024. Please send any questions or comments about these Caterpillar pros and cons to contact@marketbeat.com.

CAT Stock Analysis - Frequently Asked Questions

How have CAT shares performed this year?

Caterpillar's stock was trading at $295.67 at the beginning of 2024. Since then, CAT shares have increased by 11.3% and is now trading at $328.96.
View the best growth stocks for 2024 here
.

How were Caterpillar's earnings last quarter?

Caterpillar Inc. (NYSE:CAT) posted its quarterly earnings results on Thursday, April, 25th. The industrial products company reported $5.60 EPS for the quarter, topping analysts' consensus estimates of $5.12 by $0.48. The industrial products company earned $15.80 billion during the quarter, compared to analyst estimates of $16.07 billion. Caterpillar had a net margin of 16.79% and a trailing twelve-month return on equity of 58.61%.
Read the conference call transcript
.

Is Caterpillar doing a stock buyback?

Caterpillar's Board of Directors initiated a stock repurchase plan on Wednesday, June 12th 2024, which authorizes the company to repurchase $20,000,000,000 in shares, according to EventVestor. This means that the company could purchase up to 12.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board of directors believes its shares are undervalued.

What is Jim Umpleby's approval rating as Caterpillar's CEO?

742 employees have rated Caterpillar Chief Executive Officer Jim Umpleby on Glassdoor.com. Jim Umpleby has an approval rating of 80% among the company's employees.

Does Caterpillar have any subsidiaries?

Caterpillar subsidiaries include these companies: Tangent Energy Solutions, CarbonPoint Solutions, The Weir Group PLC, CAT Robotics, Downer Freight Rail, ECM S.p.A., Yard Club, and more.

Who are Caterpillar's major shareholders?

Caterpillar's top institutional investors include Massmutual Trust Co. FSB ADV (0.01%), First Financial Bank Trust Division, Beach Investment Counsel Inc. PA and Beese Fulmer Investment Management Inc.. Insiders that own company stock include Lange Bob De, Andrew R J Bonfield, Anthony D Fassino, Cheryl H Johnson, Suzette M Long, Denise C Johnson, David Maclennan, Daniel M Dickinson, Gary Michael Marvel and Joseph E Creed.
View institutional ownership trends
.

How do I buy shares of Caterpillar?

Shares of CAT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Caterpillar own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Caterpillar investors own include Boeing (BA), NVIDIA (NVDA), Johnson & Johnson (JNJ), Intel (INTC), AT&T (T), JPMorgan Chase & Co. (JPM) and Walt Disney (DIS).

This page (NYSE:CAT) was last updated on 7/9/2024 by MarketBeat.com Staff

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