RPMGlobal是唯一一家在澳大利亚证券交易所上市的矿业软件公司，此次收购将使其退市。此前，卡特 彼勒曾在9月初提出以每股5澳元的价格收购RPMGlobal。另一家澳大利亚矿业科技公司Micromine此前 已被Weir Group以13亿澳元收购。 该交易将受到澳大利亚外国投资审查委员会和竞争监管机构的审查，并需要RPMGlobal股东的批准。 卡特彼勒公司同意以11.2亿澳元(约合7.2822亿美元)收购澳大利亚矿业软件公司RPMGlobal。 ...

, /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) today entered into an agreement to acquire RPMGlobal Holdings Limited (ASX: RUL), an Australian-based software company. SOURCE Caterpillar Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? Headquartered in Brisbane, Australia, RPMGlobal is a leading provider of mining software solutions with a legacy dating back to 1977. RPMGlobal has deep domain expertise in mining technology enablement, providing global customers with data-driven software solutions a ...

Core Viewpoint - Australian mining software firm RPMGlobal has agreed to be acquired by heavy machinery giant Caterpillar for a total equity value of A$1.12 billion (approximately $728.22 million) [1] Company Summary - RPMGlobal is a mining software company based in Australia [1] - The acquisition by Caterpillar signifies a strategic move to enhance Caterpillar's capabilities in the mining sector [1] Industry Summary - The deal highlights ongoing consolidation trends within the mining and heavy machinery industries, as companies seek to integrate software solutions to improve operational efficiency [1] - The acquisition reflects Caterpillar's commitment to expanding its technological offerings in the mining sector [1]

Investment Rating - The report maintains a "Weaker than Market" rating for the U.S. stock market [1] Core Insights - The report highlights a significant market downturn due to renewed trade conflicts, with the S&P 500 dropping by 2.4% and the Nasdaq by 2.5% [3] - Only three sectors experienced gains, while 21 sectors saw declines, indicating widespread market fear [3] - The semiconductor sector attracted substantial capital inflows, contrasting with the overall outflow from the market [4] Summary by Sections Price Trends - The S&P 500 fell by 2.4%, and the Nasdaq decreased by 2.5% due to trade tensions [3] - The performance of sectors varied, with the Food, Beverage & Tobacco sector increasing by 1.7%, while Durable Goods & Apparel dropped by 8.4% [3] Capital Flows - The estimated capital flow for S&P 500 components was -$40.6 billion, indicating a significant outflow compared to the previous week [4] - The semiconductor products and equipment sector saw a capital inflow of $83.2 million, while the automotive sector experienced a $25.7 million outflow [4] Earnings Forecast - The report indicates a 0.3% upward adjustment in the earnings per share (EPS) forecast for S&P 500 components, with 21 sectors seeing an increase in earnings expectations [5] - The materials sector led the upward revisions with a 1.0% increase, while the energy sector faced a downward adjustment of 0.5% [5]

Core Insights - Caterpillar (CAT) has returned an impressive $57 billion to investors over the past ten years through dividends and buybacks, ranking as the 47th largest return to shareholders in history [2][3] - The company's capital returns reflect management's confidence in its financial strength and ability to generate sustainable cash flows [3] - A comparison of capital returns as a percentage of market cap indicates an inverse relationship with growth potential for reinvestment opportunities, with companies like Meta and Microsoft allocating less to shareholders while growing faster [5] Financial Performance - Caterpillar's revenue growth has been negative at -4.9% over the last twelve months, with an average growth of 5.8% over the past three years [11] - The company has a free cash flow margin of nearly 12.3% and an operating margin of 18.2% for the last twelve months [11] - The stock trades at a P/E ratio of 24.9, indicating a higher valuation compared to the S&P [11] Historical Performance and Risks - Caterpillar has experienced significant declines in the past, including a 52% drop during the Dot-Com crash and a 73% decline during the Global Financial Crisis [8] - The stock also faced reductions of about 33% to 39% during corrections in 2018 and the COVID pandemic, and a drop of roughly 32% due to recent inflation shocks [8] - Despite solid fundamentals, the company has shown vulnerability to substantial losses during market shifts [8]

Core Viewpoint - Caterpillar Inc. is currently trading above its intrinsic value according to a conservative DCF analysis, indicating limited margin of safety for long-term value investors [4]. Company Profile - Caterpillar is the largest manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and locomotives globally [2]. - The company benefits from a strong global scale, a durable brand, and a broad dealer network that supports recurring revenue from parts and services [2]. - Caterpillar's business is cyclical, linked to commodity and infrastructure cycles, but it generates robust free cash flow and practices disciplined capital allocation, making it attractive to value investors [2]. - Challenges include sensitivity to global economic slowdowns, supply chain disruptions, and competitive pricing pressures in the heavy machinery market [2]. DCF Analysis - The DCF model uses a discount rate of 10% and a terminal growth rate of 3% [3]. - Forecasted free cash flows (in billions USD) are as follows: - 2025: $8.0B → PV: $7.27B - 2026: $8.4B → PV: $6.93B - 2027: $8.8B → PV: $6.61B - 2028: $9.2B → PV: $6.30B - 2029: $9.6B → PV: $6.01B - Total present value of free cash flows is $33.12B [3]. - Terminal value calculated using the perpetuity growth model is $141.2B, with a present value of $88.47B [3]. Enterprise Value and Equity Value - The enterprise value is calculated as $121.59B, derived from the total present value of free cash flows and terminal value [3]. - Net debt is $31.52B, leading to an equity value of $90.07B [4]. - With approximately 478 million shares outstanding, the intrinsic value per share is estimated at $188 [4].

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Caterpillar (CAT) .Caterpillar currently has an average brokerage recommendation (ABR) of 1.99, ...

A key segment of the U.S. stock market, comprised of companies with strong balance sheets and stable earnings, is experiencing a period of underperformance relative to the rest of the market, drawing comparisons to the dot-com bubble of 1999.S&P 500 Quality Index Lags Broader Market By Most In 26 YearsAccording to the data pointed out by Jeff Weniger, the Head of Equities at WisdomTree, the S&P 500 Quality Index has lagged the broader S&P 500 by a substantial margin.This lag is the most pronounced since 199 ...

Caterpillar Inc. (NYSE:CAT) is one of the 10 Best Non-Tech Stocks to Buy According to Reddit, supported by hedge fund interest. Dutch Pension Fund ABP Sells Its $454.43 Million Holding in Caterpillar Inc. (CAT); Oppenheimer Reiterated Its Outperform Rating According to national broadcaster NOS, Dutch pension fund ABP stated on October 1 that it has sold its $454.43 million holding in Caterpillar Inc. (NYSE:CAT), citing the company’s new sustainability policy centered on “socially responsible” investments ...

格隆汇10月8日｜杰富瑞：将卡特彼勒的目标价从500美元上调至570美元。 ...