Caterpillar Halts Six-Day Win Streak
December 18, 2023
☀️Trending News
Caterpillar Inc ($NYSE:CAT)., a leader in manufacturing and technology for construction, mining, and energy, has seen a stellar few days in the markets, but their streak is now poised to end. After six days of consecutive gains, Caterpillar Inc. has halted its winning streak as the stock price is slightly down from the previous day’s close. Caterpillar Inc. is a leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The company also provides financing solutions, parts, service, and training for customers.
Share Price
Caterpillar Inc. halted their six-day win streak on Wednesday as their stock opened at $261.4 and closed at $268.0, representing an increase of 2.5% from the previous closing price of $261.4. Despite the positive market move, Caterpillar Inc. had experienced a six-day streak of gains prior to this day, ending a positive streak that had been seen since late May. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Caterpillar Inc. More…
| Total Revenues | Net Income | Net Margin |
| 66.59k | 9.11k | 15.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Caterpillar Inc. More…
| Operations | Investing | Financing |
| 11.62k | -6.16k | -5.02k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Caterpillar Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 86.79k | 66.28k | 40.25 |
Key Ratios Snapshot
Some of the financial key ratios for Caterpillar Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.1% | 35.3% | 18.6% |
| FCF Margin | ROE | ROA |
| 13.0% | 40.0% | 8.9% |
Analysis
GoodWhale has conducted an analysis of CATERPILLAR INC‘s financials and concluded that it is classified as a ‘gorilla’, a type of company that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. We believe that investors looking for stability and potential growth opportunities would be interested in investing in CATERPILLAR INC. CATERPILLAR INC has an impressive health score of 8/10, indicating that it is well-positioned to safely ride out any crisis without the risk of bankruptcy. The company is also strong in dividend, growth, profitability, and medium in asset which further increases its appeal to potential investors. All in all, CATERPILLAR INC presents a strong investment opportunity for those looking for stability and the chance to benefit from potential growth opportunities. More…
Peers
Caterpillar Inc. is one of the world’s largest manufacturers of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. The company operates in more than 500 locations across six continents. Caterpillar’s products are used in a variety of industries, including construction, mining, forestry, and energy. The company competes with a number of other manufacturers, including CNH Industrial NV, Deere & Co, AGCO Corp, and others.
– CNH Industrial NV ($NYSE:CNHI)
CNH Industrial N.V. is a holding company, which engages in the manufacture of agricultural and construction equipment, trucks, commercial vehicles, buses, and specialty vehicles. It operates through the following segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services. The Agricultural Equipment segment produces and sells agricultural tractors, combines, haytools, sprayers, forage harvesters, implements and related replacement parts. The Construction Equipment segment manufactures and sells backhoe loaders, small and medium tracked excavators, wheeled excavators, skid steer loaders, compact track loaders, wheel loaders, telehandlers, dumpers, motor graders, soil and asphalt compactors, and other equipment. The Commercial Vehicles segment produces and sells light, medium, and heavy-duty trucks under the Iveco brand. The Powertrain segment manufactures and sells engines, transmissions, axles, and components. The Financial Services segment offers wholesale and retail financing products to customers and dealers to purchase equipment. The company was founded on November 12, 2012 and is headquartered in London, the United Kingdom.
– Deere & Co ($NYSE:DE)
As of 2022, Deere & Co has a market cap of 112.07B and a Return on Equity of 25.53%. The company is engaged in the manufacturing and distribution of equipment used in agricultural, construction, forestry, and turf care.
– AGCO Corp ($NYSE:AGCO)
AGCO Corp is a publicly traded company that manufactures and sells agricultural equipment and related products. As of 2022, the company had a market capitalization of 8.31 billion dollars and a return on equity of 16.62%. The company’s products include tractors, combines, hay tools, sprayers, forage equipment, and more. AGCO Corp is headquartered in Duluth, Georgia, and has operations in North America, Europe, South America, and Asia.
Summary
Caterpillar Inc. (CAT) has been on a winning streak for the past six days. Investors have seen the stock price of CAT rise steadily over this period. This recent surge in the stock price is likely due to the company’s strong performance over the past few quarters, which has helped to boost investor confidence in the company. Analysts have noted that CAT currently trades at a discount to its peers, making it an attractive investment opportunity.
Additionally, the company’s dividend yield is higher than the average for its industry, and it has strong cash flow. Despite a potential slowdown in the global economy, CAT is well-positioned to withstand any headwinds, and may continue to see prolonged periods of growth.
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