Given its better valuation, we believe Deere stock (NYSE: DE) is a better pick than its peer, Caterpillar stock (NYSE: CAT) for the next three years. CAT stock trades at 2.6x revenues, versus 1.8x for DE.
Zacks.com users have recently been watching Caterpillar (CAT) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
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I initially bought Caterpillar (CAT) for inflation protection and as a hedge against a weak dollar. Despite manufacturing headwinds, CAT has seen significant stock gains. CAT continues to deliver strong earnings and profit margins, driven by strategic positioning and efficient operations. It remains resilient despite broader economic challenges. With robust dividend growth, share buybacks, and promising long-term trends in key sectors, CAT is well-positioned for continued growth and solid returns in the years ahead.
Despite the current dip in order levels, the demand for the Zacks Manufacturing - Construction and Mining industry will pick up, supported by increased investment spending and a robust mining sector. Companies like CAT, HTCMY, TEX and HY are positioning themselves to leverage these trends.
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Caterpillar (CAT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Caterpillar (NYSE: CAT) stock has seen a rise of 7% in a week, while its peer, Deere stock, hasn't seen any change. The rise for CAT stock can be attributed to its recently reported Q2 results, with revenues slightly below but earnings above the consensus as well as our estimates.
Caterpillar's sales are declining, but its profits are growing. Caterpillar's price realization has been exceptional this year.
Caterpillar (CAT) delivered record earnings in Q2 despite lower volumes impacting revenues. This and a projection of higher earnings for 2024 have boosted share prices.
Caterpillar has outperformed expectations on earnings and margins this year, even as it lowered sales guidance. Much of the profits that are better than expected come from increased prices.