Handelsbanken Fonder AB Boosts Holdings in Caterpillar to $36.97 Million
January 5, 2024
☀️Trending News
Recently, Handelsbanken Fonder AB has increased their holdings in Caterpillar Inc ($NYSE:CAT). to $36.97 million, making them the tenth-largest institutional investor in the company’s stock. This investment shows a strong commitment from Handelsbanken Fonder AB to Caterpillar Inc. and reflects the potential they see in the company’s growth and performance. Given Caterpillar Inc.’s strong financials and a global presence, Handelsbanken Fonder AB is likely to continue to invest in the company and support its efforts to remain an industry leader in construction and mining equipment. With this injection of capital, Caterpillar Inc. will be able to continue creating innovative products that drive economic growth while providing quality employment opportunities to its many hardworking employees.
Market Price
This was a notable increase from the previous close of Caterpillar’s stock at $295.7. However, the price of the stock failed to stay up, and opened at $293.4 before closing at $292.7, representing a 1.0% drop from its previous closing price. 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
At GoodWhale, we have analyzed CATERPILLAR INC‘s financials. Using our Star Chart, we can see that CATERPILLAR INC is strong in dividend, growth, and profitability, and medium in asset. We have classified CATERPILLAR INC as a ‘gorilla’, meaning it has achieved stable and high revenue or earning growth due to its strong competitive advantage. Different types of investors may be interested in such a company. For example, value investors may be drawn to CATERPILLAR INC’s strong dividend yields and dividend growth. Growth investors may be interested in the company’s potential to grow earnings over the long-term. Furthermore, CATERPILLAR INC also has a high health score of 8/10 with regard to its cashflows and debt, which indicates that the company is capable to sustain future operations even in times of crisis. 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. is a leader in the manufacturing industry with a strong presence in multiple markets. Handelsbanken Fonder AB, a leading Swedish investment management company, has recently revealed that it holds $36.97 million worth of Caterpillar Inc.’s stocks. Despite their strong performance and potential for growth, analysts also caution investors to consider the risks involved with investing in Caterpillar Inc., such as currency exchange and geopolitical risks. Ultimately, investors should conduct thorough research into Caterpillar Inc. and assess their risk tolerance before making any investment decisions.
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