|Bid||137.82 x 1000|
|Ask||137.87 x 800|
|Day's range||137.18 - 138.67|
|52-week range||105.11 - 173.24|
|PE ratio (TTM)||37.18|
|Earnings date||30 Jul 2018|
|Forward dividend & yield||3.44 (2.54%)|
|1y target est||169.96|
Job additions continued to be substantial in June, indicating that hiring remains robust even as the economy nears full employment.
Jim Cramer warns investors of Boeing, Caterpillar and other China-reliant stocks that the trade war could still get worse.
Caterpillar Inc.’s stock chart has produced a ‘death cross’ on Tuesday, to snap the longest bullish trend-following streak in at least 46 years, as the list of bearish technical patterns that have appeared in the last month just got a little longer.
It's been a tough year for industrials, with the Industrial Select Sector SPDR ETF (XLI) falling 3%, and Goldman Sachs' Jerry Revich warns that there may be more pain to come. Revich removed Caterpillar (CAT) and Deere (DE) from the firm's Conviction Buy List Tuesday (although he retained Buy ratings on both stocks), and he also downgraded Manitowoc (MTW) and Generac Holdings (GNRC) to Sell from Neutral, with new price targets of $22 and $45, respectively. Along with Caterpillar and Deere, he has Buy ratings on Agco (AGCO) and Trimble (TRMB).
MARKET PULSE Caterpillar Inc.'s stock (cat) fell 0.7% in premarket trade Tuesday, as a bearish "death cross" chart pattern is set to appear. That would snap a streak of 566 sessions, going back to April 18, 2016, in which the 50-day moving average (MA) was above the 200-day moving average, the longest such streak in over 4 decades.
On July 9, Caterpillar (CAT) announced the appointment of Ogi Redzic as the vice president of the DES (Digital Enabled Solutions) division. Redzic will replace Julie Lagacy, who led the division for an interim period. The changes will be effective on July 30.
Executives from India met in Washington at the Annual Leadership Summit of the U.S.-India Strategic and Partnership Forum. Many expressed their concern about an ongoing trade dispute.
Why Did Caterpillar Increase Its Dividend? As of July 11, Caterpillar’s (CAT) dividend yield was 2.4%—the highest in the past three quarters. To calculate the current dividend yield, we have factored in that Caterpillar would be paying the new dividend rate for the remaining quarters in fiscal 2018. In comparison, Boeing (BA), Honeywell (HON), and General Electric (GE) have dividend yields of 2%, 2.06%, and 3.4%, respectively.
In the previous part, we discussed Caterpillar’s (CAT) latest dividend and dividend growth. In this part, we’ll analyze how Caterpillar’s free cash flows are supporting the dividend growth.
Why Did Caterpillar Increase Its Dividend? For the fiscal third quarter, Caterpillar (CAT) declared a regular cash dividend for its common equity shareholders. To be eligible for this dividend, investors should hold Caterpillar shares at the end of July 20 in the company’s record book.
European shares traded sharply lower on Wednesday afternoon as U.S. authorities unveiled a new list of Chinese products that could see tariffs.
Earnings out of Pepsi and the latest report on job openings and small business confidence will be highlights for investors on Tuesday.
The Dow Jones Industrial Average enjoyed a triple-digit rally on Monday, that put the benchmark on track for a third straight advance and pushes it back in to positive territory for 2018. The Dow (DJIA) most recently, finished up 320 points, or 1.3%, at 24,776, which puts it above its close at the end of 2017 at 24,719.22, for a gain of 0.2% so far this year, according to the FactSet data.
MARKET PULSE The Dow Jones Industrial Average finished above its 50-day moving average on Monday, marking the first time the benchmark has drifted above its short-term trend line in nearly three weeks, highlighting some renewed optimism in U.
MARKET PULSE Caterpillar Inc.'s stock (cat) rallied 3.8% in afternoon trade Monday, to put it on track for the biggest gain in nine months, and enough to pace the Dow Jones Industrial Average's (djia) gainers, as investors set aside worries about trade to focus on recent upbeat economic data.
We put Caterpillar (CAT) and Deere (DE), which carry the same Zacks Rank, on a scale to assess which is a better stock to invest in on the basis of certain metrics.
Shares of Caterpillar Inc. (cat) slumped 1.2% in morning trade Friday, enough to pace the Dow Jones Industrial Average's (djia) decliners, as the first round of tariffs between the U.S. and China went into effect. Meanwhile, the Dow was up 6 points. Caterpillar has a lot to lose in a escalating trade war, as 59% of the machinery maker's revenue in 2017, 2016 and 2015 was from overseas.
There's been no shortage of debate about whether or not the construction-equipment cycle has peaked, but Melius Research's Rob Wertheimer argues that the market is underappreciating the current recovery. Wertheimer writes that it's "fairly easy" to show that on the supply side, equipment ins't at peak, and "probably not even high cycle." That said, the "tepid" nature of the construction recovery means that the demand side of the equation hasn't been as robust.
Walgreens Boots Alliance, the newest Dow Jones stock, is the biggest Dow loser in 2018 so far. 3M, Procter & Gamble, Caterpillar and Goldman Sachs round out the top five Dow losers.
The Dow Jones Industrial Average rallied triple digits in Friday trading, on track to close out the quarter on a high note. Still, the blue-chip index is negative for the year to date, and some of its components have undergone meaningful technical damage in recent months.