Some Wall Street analysts think the construction and heavy machinery equipment company's stock has room to run.Caterpillar (CAT 2.18%) stock received an upgrade recently. A Tigress Financial analyst upgraded their price target to $345 from $295 while retaining a buy rating on the stock. While the new price target is pretty much where the stock is trading now, the price target upgrade and positive rating affirm the bullish case for the stock.The bullish case for CaterpillarCaterpillar is a cyclical stock tha ...

Reports highlight progress on sustainability and enterprise strategy IRVING, Texas, May 7, 2024 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) today released its latest reports highlighting the company's environmental, social and governance (ESG) commitment, record financial accomplishments and contributions to helping customers build a better, more sustainable world. Reports highlight progress on sustainability and enterprise strategy. "We're pleased to highlight the great strides the Caterpillar global ...

Investors might want to bet on Caterpillar (CAT) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Individual ...

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Financial Performance - Total sales and revenues for Q1 2024 were $15.799 billion, a decrease of $63 million, or about flat, compared to $15.862 billion in Q1 2023[165]. - Profit per share for Q1 2024 was $5.75, up 53.8% from $3.74 in Q1 2023, with adjusted profit per share at $5.60 compared to $4.91[166]. - Profit for Q1 2024 was $2.856 billion, an increase of $913 million, or 47%, compared to $1.943 billion in Q1 2023[167]. - Consolidated operating profit for Q1 2024 was $3.519 billion, an increase of $788 million, or 29%, compared to $2.731 billion in Q1 2023[185]. - The profit of consolidated companies for the three months ended March 31, 2024, was $2,844 million[241]. - The company reported a profit of $2,854 million for the three months ended March 31, 2024, compared to $2,636 million for the same period last year, indicating an 8.3% increase[251]. Profit Margins - Operating profit margin increased to 22.3% in Q1 2024 from 17.2% in Q1 2023, while adjusted operating profit margin rose to 22.2% from 21.1%[165]. - The effective tax rate for Q1 2024 was 19.5%, down from 26.9% in Q1 2023[187]. - The annual effective tax rate, excluding discrete items, is expected to be 22.5% in 2024[171]. Segment Performance - The Energy & Transportation segment reported a profit of $1.301 billion in Q1 2024, up 23% from $1.057 billion in Q1 2023[186]. - The Construction Industries segment saw a profit decrease to $1.764 billion in Q1 2024, down 1% from $1.790 billion in Q1 2023[186]. - Resource Industries profit decreased to $730 million in Q1 2024, a decline of 4% from $764 million in Q1 2023[186]. - Financial Products segment revenues increased by 10% to $839 million in Q1 2024 from $763 million in Q1 2023[186]. - Energy & Transportation's segment profit increased to $1.301 billion in Q1 2024, an increase of $244 million, or 23% from Q1 2023[191]. - Resource Industries' total sales were $3.193 billion in Q1 2024, a decrease of $234 million, or 7% from Q1 2023[189]. Sales and Revenue Trends - North America sales increased by 7% in Q1 2024, primarily due to favorable price realization and higher sales volume[181]. - For full-year 2024, the company expects sales and revenues to be broadly similar to 2023, with slightly favorable price realization anticipated[171]. - Construction Industries' total sales were $6.424 billion in Q1 2024, a decrease of $322 million, or 5% from Q1 2023[188]. - Total sales and revenues for the three months ended March 31, 2024, were $15,799 million, with $14,960 million from Machinery, Energy & Transportation[241]. Costs and Expenditures - Restructuring costs are expected to be between $300 million and $450 million in 2024, with capital expenditures projected to be in the range of $2.0 to $2.5 billion[171]. - Research and development expenses for the three months ended March 31, 2024, amounted to $520 million[241]. - Capital expenditures for ME&T were $502 million in Q1 2024, up from $414 million in Q1 2023, with expectations of $2.0 billion to $2.5 billion for the full year[217]. Cash Flow and Debt - Consolidated operating cash flow for the first three months of 2024 was $2.05 billion, an increase of $479 million compared to the same period in 2023[203]. - Total debt as of March 31, 2024, was $37.85 billion, a decrease of $25 million from year-end 2023[203]. - Net cash provided by operating activities for Machinery, Energy & Transportation was $1.77 billion in Q1 2024, compared to $1.78 billion in Q1 2023[214]. - Net cash used for financing activities in Q1 2024 was $5.12 billion, significantly higher than $1.14 billion in the same period of 2023, primarily due to increased share repurchases[215]. Shareholder Returns - The company repurchased $4.46 billion of common stock in Q1 2024, with $3.37 billion remaining under the 2022 Authorization as of March 31, 2024[220]. - Dividends paid totaled $648 million in the first three months of 2024, with the quarterly dividend maintained at $1.30 per share[221]. Economic Outlook - In Construction Industries, sales are expected to be slightly lower in 2024 due to softer economic conditions in Europe, while North America remains healthy[171]. - Resource Industries' sales in 2024 are anticipated to be lower, driven by decreased sales volume primarily in off-highway and articulated trucks[171]. - The company anticipates future performance may be affected by various economic and market factors, including commodity price changes and international trade policies[255].

First Quarter 2024 Financial Review April 25, 2024 1Q 2024 EARNINGS RELEASE Forward-Looking Statements Certain statements in this financial review relate to future events and expectations and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "estimate," "will be," "will," "would," "expect," "anticipate," "plan," "forecast," "target," "guide," "project," "intend," "could," "should" or other similar words or expressions often id ...

Caterpillar excavators are seen in Warsaw, Poland on April 23, 2024. (Photo by Jakub ... [+] Porzycki/NurPhoto via Getty Images)NurPhoto via Getty ImagesCaterpillar Caterpillar (NYSE: CAT) recently reported its Q1 results, with revenues missing but earnings comfortably above our estimates. The company reported revenue of $15.8 billion and earnings of $5.60 on a per share and adjusted basis, compared to our estimates of $16.4 billion and $5.18, respectively. The overall volume remained lower, while pricing g ...

IRVING, Texas, April 29, 2024 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT – Euronext Paris: CATR) (the "Company" or "Caterpillar") today announced that, following a comprehensive review of the significantly low trading volume, costs and administrative requirements related to the listing of its common stock (ISIN US1491231015) on exchanges other than the New York Stock Exchange ("NYSE"), it requested the voluntary delisting of its shares from the regulated market of Euronext in Paris ("Euronext Paris"). This ...

The demand for infrastructure services will surge as governments around the world prioritize upgrading and expanding essential networks. From transportation and energy to water systems and telecommunications, infrastructure stocks to buy offer promising growth potential for investors. These companies often enjoy stable cash flows, supported by essential services and government contracts. Moreover, advancements in technology and sustainability initiatives continue to drive innovation within the infrastructur ...

Key PointsKinder Morgan, Shell and Caterpillar have had unusual call option activity recently, which could mean they are about to make a run higher. These companies are tied to the same fundamental macro trend in the U.S. economy, boosting the odds of these traders being right. Wall Street analysts agree that price targets and institutional ownership should be safety checks.5 stocks we like better than CaterpillarBuying options is a way to increase the leverage on a trade, as it takes an investor less out-o ...