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Why Caterpillar (CAT) Dipped More Than Broader Market Today
ZACKS· 2024-09-04 22:50
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 ...
Insider Selling at Caterpillar (CAT): Is it Time for You to Sell Too?
ZACKS· 2024-09-04 18:35
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 ...
Which Industrial Sector Heavyweight Looks Better: Deere Or Caterpillar?
Forbes· 2024-09-03 13:30
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 ...
Here's Why Caterpillar (CAT) is a Strong Momentum Stock
ZACKS· 2024-08-27 14:51
Group 1 - Zacks Premium offers various tools for investors to enhance their stock market strategies, including daily updates, research reports, and stock screens [1] - The Zacks Style Scores rate stocks based on value, growth, and momentum characteristics, providing a framework for investors to identify high-potential securities [2][3] - Stocks are assigned ratings from A to F, with A indicating the highest likelihood of outperforming the market [2] Group 2 - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E and Price/Sales [2] - The Growth Score emphasizes a company's financial health and future growth potential, analyzing earnings and cash flow [3] - The Momentum Score helps investors capitalize on price trends, utilizing recent price changes and earnings estimate shifts [3] Group 3 - The VGM Score combines the three Style Scores to identify stocks with attractive value, strong growth forecasts, and positive momentum [4] - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investment decisions, with 1 (Strong Buy) stocks historically outperforming the S&P 500 [5] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal investment potential [6][7] Group 4 - Caterpillar (CAT) is the largest global construction and mining equipment manufacturer, serving multiple sectors and acting as an economic bellwether [8] - CAT currently holds a 3 (Hold) Zacks Rank, with a VGM Score of B and a Momentum Style Score of A, indicating potential for upward movement [8] - Recent upward revisions in earnings estimates for CAT suggest a positive outlook, with the Zacks Consensus Estimate increasing to $21.87 per share [8]
Dividend Resilience: Unveiling Caterpillar's Secret Sauce
Seeking Alpha· 2024-08-20 22:10
Ekaterina KiselevaIntroduction Caterpillar (NYSE:CAT) is one of the first stocks I bought for my dividend growth portfolio. Although I started investing roughly a decade before 2020, during the pandemic, I decided to get serious about long-term investing. Since then, I've consistently had between 90-100% of my net worth in long-term dividend stocks. One of the first reasons I bought Caterpillar was to add inflation protection and as a hedge against a weak dollar. As a Euro-based investor, a declining US ...
4 Construction & Mining Equipment Stocks to Watch Despite Industry Headwinds
ZACKS· 2024-08-20 15:15
The Zacks Manufacturing - Construction and Mining industry faces challenges due to the ongoing contraction in manufacturing activities and a decline in orders due to low customer spending. Elevated input costs pose concerns. Increased infrastructure investment in the United States and demand from the mining sector, driven by the energy transition trend, are expected to buoy the industry. Caterpillar Inc. (CAT) , Hitachi Construction Machinery (HTCMY) , Terex (TEX) and Hyster-Yale, Inc. (HY) are poised to be ...
Should You Pick Caterpillar Stock At $335?
Forbes· 2024-08-14 13:00
CHINA - 2024/07/27: In this photo illustration, Caterpillar logo is displayed on a smartphone with a ... [+] laptop keyboard background. (Photo Illustration by Serene Lee/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesCaterpillar (NYSE: CAT) stock has seen a rise of 7% in a week, while its peer, Deere stock, hasn’t seen any change. The rise for CAT stock can be attributed to its recently reported Q2 results, with revenues slightly below but earnings above the consensus as w ...
Caterpillar Hosts First-Ever Dealer Technician Challenge
Prnewswire· 2024-08-12 13:05
"This hands-on, skills-based competition will test the technicians' agility, resilience and versatility," said Caterpillar Global Service Vice President Henry Venneman. "These trained experts are on the front line of support, working to keep machines and engines up and running to help ensure our customers' critical projects are completed."Cat dealers globally are experiencing a growing opportunity for technicians. By the end of 2026, it is estimated that Cat dealers may need to hire more than 44,000 technic ...
1 Key Number That Could Send Caterpillar Stock Higher
The Motley Fool· 2024-08-11 09:14
The company is exceeding its own expectations in 2024.Long-term investors in Caterpillar (CAT 0.62%) already know it's a cyclical company whose revenue and profit margins bounce around with its end markets. That knowledge won't stop traders from trying to guess the timing of the cycle. That's fair enough, but longer-term investors will want to focus on the key things that can change Caterpillar's long-term value, so here's a look at one of them.Caterpillar's cyclical revenue, margins, and earningsFirst, a g ...
Caterpillar (CAT) Moves Above 50-Day SMA Post Q2 Earnings: Time to Buy?
ZACKS· 2024-08-09 16:50
Caterpillar Inc. (CAT) reported second-quarter 2024 results on Aug 6. Although revenues declined 4%, the company achieved year-over-year margin improvement and recorded its highest-ever quarterly earnings. Earnings surpassed expectations, but revenues fell short. Despite mixed results, Caterpillar’s moved up 6% since the report as the market had anticipated it to report declines in the top and the bottom line.The mining and construction equipment giant lowered its sales outlook for 2024 but provided upbeat ...