UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File No. 1-768 CATERPILLAR INC. (Exact name of Registrant as specified in its charter) Delaware 37-0602744 (State or other jurisdiction of incorpor ...

There are no prizes for guessing the main reason for the 3% decline in Caterpillar's (CAT -2.73%) share price to late afternoon today. Higher-than-expected inflation data dampened hopes for an early interest rate cut, and that's not good news for highly cyclical stocks like Caterpillar.Caterpillar's cyclicityThe company is often seen as highly sensitive to the economy due to its exposure to construction (an activity that decreases as the cost of borrowing rises), mining (industrial metals rely on the econom ...

As of last November, the Biden administration had disbursed $306 billion of the more than $850 billion in Infrastructure Investment and Jobs Act funds. Moreover, the think tank reported, “80% of all competitive funding (was) still left to be awarded.” Nonetheless, Caterpillar’s (NYSE:CAT) impressive fourth-quarter results, reported on Feb. 5, indicate that infrastructure stocks can benefit from Washington’s infrastructure spending spree. Also importantly, the price-earnings ratios of many firms in the secto ...

25 March 2022, Mecklenburg-Western Pomerania, Rostock: Caterpillar's marine engine plant. Photo: ... [+] Bernd Wüstneck/dpa-Zentralbild/ZB (Photo by Bernd Wüstneck/picture alliance via Getty Images)dpa/picture alliance via Getty ImagesCaterpillar CAT (NYSE: CAT) recently reported its Q4 results, with revenues falling marginally short but earnings beating the street estimates. There are near-term concerns for the company with volume as well as order backlog shrinking. We believe that CAT stock is now fully v ...

Photographer: Michael Nagle/Bloomberg© 2023 Bloomberg Finance LPThe next week is options expiration (OPEX) week which has been bearish in the month of February. This suggests a pullback next week. Sentiment is becoming a bit too bullish, and divergences are appearing. However, there have been a number of positive momentum developments that have been overriding bearish signals. One of positive seasonal development is the bullish effect of the week before the President’s Day holiday. The bullish evidence out ...

AleMasche72 Introduction The industrial sector presents a unique landscape for investors, marked by its inherent cyclicality and sensitivity to the broader economic environment. This sector's performance is closely tied to economic expansion and contraction trends, making it more resilient and adaptable. Companies that navigate these cycles effectively stand out within such a context, demonstrating solid operational capabilities, strategic planning, and financial robustness. These attributes make certain pl ...

Avalon_Studio/E+ via Getty ImagesBusiness Overview/Investment Thesis Caterpillar is a leading company within the industrial equipment/manufacturing space. Caterpillar is the world's largest manufacturer of heavy equipment and holds 16.3% of total global market share. $CAT Total Global Market Share (Per Statista) $CAT Global Market Share (Statista) The investment thesis around Caterpillar has three components: 1/ Caterpillar should benefit as the United States continues to invest in revitalizing its infr ...

Caterpillar (CAT -1.50%) just delivered one of the best earnings reports in the industrial sector this earnings season. As the chart below demonstrates, its stock price continues to rise. However, the question now is what will make the stock a buy for investors. Here's what you need to know.Three things to make Caterpillar a buyThere are three key answers to this question, and I will flesh them out below:A lower stock price because Caterpillar's valuation is starting to look stretched.An improvement in earn ...

Caterpillar (CAT) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this construction equipment company have returned +10.3%, compared to the Zacks S&P 500 composite's +5.1% change. During this period, the Zacks Manufacturing - Construction and Mining industry, which Caterpillar falls in, has gained 10.6%. The key question now is: What ...

Investors are back to looking at value stocks as many see high-flying growth as a bubble poised to burst. Even index investors focused on benchmarks like the S&P 500 are increasingly wary of the risks associated with a handful of stocks carrying the rest. That’s why value stocks represent a dual benefit: they help diversify away tech and growth risk, and, as the name implies, many are on-sale value buys since they’ve gone overlooked for so long.Of course, value traps abound when looking at value stocks. Tha ...