Caterpillar's New Energy Transfer Solution - Caterpillar Inc (CAT) has introduced a cutting-edge solution called Cat Dynamic Energy Transfer (DET) that transfers energy to large mining trucks while they are in use, regardless of whether they run on diesel-electric or battery-electric systems [1][2] - The DET system charges a machine's batteries while in motion, improving operational efficiency and machine uptime [2] - Key components of the DET system include a power module that converts energy from the mine's power source and an electrified rail system to transmit this energy [2] Features and Benefits of the DET System - The DET system features a highly mobile and flexible rail system that can be tailored to a mine's layout, ensuring higher productivity [3] - The connecting arm can be mounted on either side of the truck and is compatible with various truck models, making it adaptable to different operational setups [3] - The system can be deployed at both mature and developing mine sites, allowing options for expansion to ensure complete coverage of the site [3] - The DET system addresses energy management challenges in the mining industry, lowers operating costs, improves machine efficiency, and cuts down greenhouse gas emissions [4] - By lowering greenhouse emissions, the system helps miners in their sustainability journey [4] Industry Trends and Caterpillar's Competitive Edge - Miners are leveraging technology and automation to increase productivity, reduce costs, improve frontline safety, and cut down on carbon emissions [5] - Caterpillar is enhancing its autonomous capabilities and bringing innovative products to the market, providing the company with a competitive edge in mining [5] Caterpillar's Stock Performance - Over the past year, Caterpillar's stock has risen 27.4%, outperforming the industry's 24.4% growth [6] Other Industrial Stocks to Consider - Crane Company (CR) has a Zacks Rank 2 (Buy) with a Zacks Consensus Estimate for 2024 earnings of $5.07 per share, indicating a 6% increase in the past 60 days and a trailing four-quarter average earnings surprise of 11.2% [7] - Flowserve Corporation (FLS) has a Zacks Rank 2 (Buy) with a Zacks Consensus Estimate for 2024 earnings of $2.76 per share, indicating year-over-year growth of 31.6% and a trailing four-quarter average earnings surprise of 18.2% [8] - Avery Dennison Corporation (AVY) has a Zacks Rank 2 (Buy) with a Zacks Consensus Estimate for 2024 earnings of $9.46 per share, indicating a 0.6% increase in the past 60 days and a trailing four-quarter average earnings surprise of 4% [8]

Cat® Dynamic Energy Transfer (DET) is a fully Caterpillar-developed system that can transfer energy to both diesel-electric and battery-electric large mining trucks while they are working around a mine site. It can also charge a machine's batteries while operating with increased speed on grade, improving operational efficiency and machine uptime. The innovative Cat DET system provides the industry with options to support both near-term and long-term sustainability strategies."We believe Cat DET provides a t ...

Caterpillar (CAT) closed the latest trading day at $347.96, indicating a +0.77% change from the previous session's end. This move outpaced the S&P 500's daily gain of 0.13%. On the other hand, the Dow registered a gain of 0.55%, and the technology-centric Nasdaq decreased by 0.52%.Shares of the construction equipment company witnessed a gain of 0.53% over the previous month, beating the performance of the Industrial Products sector with its loss of 1.15% and underperforming the S&P 500's gain of 3.67%.Analy ...

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 dow ...

In the latest trading session, Caterpillar (CAT) closed at $334.16, marking a +0.04% move from the previous day. This move lagged the S&P 500's daily gain of 0.45%. Meanwhile, the Dow lost 0.23%, and the Nasdaq, a tech-heavy index, added 0.84%.Prior to today's trading, shares of the construction equipment company had lost 0.59% over the past month. This has lagged the Industrial Products sector's gain of 0.49% and the S&P 500's gain of 2.54% in that time.The investment community will be closely monitoring t ...

EVERETT, Wash, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Fluke Corporation, a leading provider of safe, rugged, and reliable industrial tools and integrated software, today announced the introduction of the Fluke 283 FC Solar Digital Multimeter and the Fluke a283 FC True-RMS Wireless Clamp which enable solar professionals to work more confidently, without compromising safety in high voltage environments such as a testing individual panels, strings or invertors in a utility-scale solar photovoltaic (PV) array. The ...

A month has gone by since the last earnings report for Caterpillar (CAT) . Shares have added about 3.4% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Caterpillar due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Caterpillar Q2 Earnings Top Estimates on Favorable P ...

Caterpillar (CAT) closed the latest trading day at $336.75, indicating a -1.03% change from the previous session's end. This move lagged the S&P 500's daily loss of 0.16%. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq lost 0.3%.Coming into today, shares of the construction equipment company had gained 4.23% in the past month. In that same time, the Industrial Products sector gained 3.11%, while the S&P 500 gained 3.64%.Analysts and investors alike will be keeping a close eye on the perfor ...

Per Caterpillar’s (CAT) SEC filing on Tuesday, the group’s president, Anthony D. Fassino, sold 3,185 shares at $351.36 per share or a total of $1.1 million on Aug. 30. This was part of other transactions carried out by him, which entailed disposing of 1,815 shares for $351.43 per share as the payment of exercise price or tax liability. Fassino also exercised options to acquire 5,000 shares for $127.6 per share.The sale of shares by Fassino, who is responsible for CAT’s Construction Industries segment, may h ...

Close-up of CAT (Caterpillar Inc) logo on construction equipment, Lafayette, California, August 20, ... [+] 2024. (Photo by Smith Collection/Gado/Getty Images)Gado via Getty ImagesGiven its better valuation, we believe Deere stock (NYSE: DE) is a better pick than its peer, Caterpillar stock (NYSE: CAT) for the next three years. CAT stock trades at 2.6x revenues, versus 1.8x for DE. We think this gap in their valuation will narrow in favor of Deere, given its superior revenue growth and profitability. There ...