|Bid||1,981.00 x 0|
|Ask||1,981.00 x 0|
|Day's range||1,975.50 - 2,005.00|
|52-week range||608.60 - 2,130.00|
|Beta (5Y monthly)||1.59|
|PE ratio (TTM)||N/A|
|Earnings date||24 Feb 2021 - 01 Mar 2021|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||23 Apr 2020|
|1y target est||1,957.11|
Jon Stanton became the CEO of The Weir Group PLC (LON:WEIR) in 2016, and we think it's a good time to look at the...
Caterpillar (NYSE: CAT) has signed an agreement to acquire Weir Group's (LSE: WEIR) oil and natural gas division, Weir Oil & Gas, for $405 million in cash. Here's what the deal means for Weir and Caterpillar, and whether investors should consider buying shares of Caterpillar, which are now trading at a 52-week high. When Weir Group announced its 2019 results in April, the company hinted that it was interested in selling its struggling oil and gas business as part of a shift toward becoming a pure-play mining company.
The latest acquisition will aid Caterpillar (CAT) to expand its offerings in the oil & gas market.