Caterpillar(CAT)
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Caterpillar (CAT) Ascends But Remains Behind Market: Some Facts to Note
ZACKS· 2024-09-10 22:50
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 ...
Fluke Delivers Unmatched Safety to Solar Professionals with Tools Specifically Designed for High-Voltage Solar Environments
GlobeNewswire News Room· 2024-09-10 13:53
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 ...
Caterpillar (CAT) Up 3.4% Since Last Earnings Report: Can It Continue?
ZACKS· 2024-09-05 16:36
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 ...
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
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style ...
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 ...