Caterpillar
CAT

$350.48

1.79%

Market Cap: 171B

About: Caterpillar is the top manufacturer of heavy equipment, power solutions, and locomotives. It is currently the world's largest manufacturer of heavy equipment. The company is divided into four reportable segments: construction industries, resource industries, energy and transportation, and Cat Financial. Its products are available through a dealer network that covers the globe with about 2,700 branches maintained by 160 dealers. Cat Financial provides retail financing for machinery and engines to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Caterpillar product sales.

Employees: 121,173

Industrials Construction Machinery & Equipment

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 13 analysts

0

News positive %

of 29 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

71% more first-time investments, than exits

New positions opened: 252 | Existing positions closed: 147

28% more funds holding in top 10

Funds holding in top 10: 72 [Q4 2023] → 92 (+20) [Q1 2024]

20% more capital invested

Capital invested by funds: $104B [Q4 2023] → $125B (+$20.7B) [Q1 2024]

7.92% more ownership

Funds ownership: 60.64% [Q4 2023] → 68.55% (+7.92%) [Q1 2024]

4% more funds holding

Funds holding: 2,505 [Q4 2023] → 2,610 (+105) [Q1 2024]

9% less call options, than puts

Call options by funds: $5B | Put options by funds: $5.46B

13% less repeat investments, than reductions

Existing positions increased: 917 | Existing positions reduced: 1,051

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Research analyst outlook

13 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$257

27%

downside

Avg. target

$359

2%

upside

High target

$435

24%

upside

13 analyst ratings

7 positive

54%

5 neutral

38%

1 negative

8%

Citigroup Kyle Menges	8%upside $380	Buy Initiated	26 Jun 2024
HSBC Helen Fang	3%upside $360	Hold Maintained	30 Apr 2024
TD Cowen Matt Elkott	3%downside $340	Buy Maintained	26 Apr 2024
Stifel Stanley Elliott	0%downside $350	Hold Downgraded	26 Apr 2024
JP Morgan Tami Zakaria	24%upside $435	Overweight Maintained	16 Apr 2024

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Financial journalist opinion

Based on 29 articles about CAT published over the past 30 days

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Caterpillar Inc. to Announce Second-Quarter 2024 Financial Results on August 6

IRVING, Texas , July 23, 2024 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) will release second-quarter 2024 financial results at 5:30 a.m. CDT on Tuesday, Aug. 6.

Caterpillar Inc. to Announce Second-Quarter 2024 Financial Results on August 6

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Why I Remain Bullish On Caterpillar Dividends

On July 18, Bespoke data revealed a shift in the S&P 500: while the top ten stocks fell 5.6%, the remaining 490 rose 3.7%, highlighting a market-broadening trend. Caterpillar stands out, boasting improved profitability, steady service revenue, and strategic tech integrations. Its diverse market exposure bolsters resilience. Despite global challenges, CAT's robust free cash flow, consistent dividend growth, and strong dealer network make it a solid investment. I remain bullish on its long-term prospects.

Why I Remain Bullish On Caterpillar Dividends

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