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In the most recent trading session, Caterpillar (CAT) closed at $325.14, indicating a +0.85% shift from the previous trading day.
Caterpillar (CAT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Caterpillar has a growth opportunity from the energy transition and the growth of its services revenue. Infrastructure spending and mining capital investment are vital drivers for Caterpillar's end demand.
This company is riding a powerful tailwind that is lifting construction spending worldwide.
Caterpillar stock has risen multifold in recent years, backed by steady sales and cash-flow growth. Favorable end markets and a strong balance sheet should drive the stock higher.
Caterpillar's (CAT) recent dividend hike, which highlights its solid financial position, boosts its dividend yield to 1.72%, thus surpassing the industry average.
Caterpillar (CAT) reachead $328.73 at the closing of the latest trading day, reflecting a +0.43% change compared to its last close.
Caterpillar (CAT) said Wednesday that it expanded its stock buyback plan and raised its dividend.
Caterpillar Inc (NYSE:CAT, ETR:CAT1) hiked its dividend 11 cents and its share buyback by a slightly larger $20 billion. The construction and mining equipment maker said that under its current authorization, up to $21.8 billion of its shares can be bought back.
Caterpillar has beat consensus EPS forecasts in 15 of the last 16 quarters. We detail the fundamental drivers for why we expect the pace of beats and analyst upgrades to continue. The current macro environment is bullish for Caterpillar as well.
Dividend stocks generate passive income for their investors. They are optimal for individuals who want to buy and hold stocks for the long run instead of people who quickly enter and exit positions.