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.
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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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Solid backlog levels and expected benefits from its strategic initiatives make Caterpillar (CAT) stock worth holding on to at the moment.
As global economies advance and modernize, the demand for robust infrastructure solutions grows in tandem. Investing in infrastructure stocks can be a strategic move for investors seeking to capitalize on this trend.
Despite the ongoing weakness in order levels, the Zacks Manufacturing - Construction and Mining industry will gain from higher investment spending in the United States and demand from the mining sector. Companies like CAT, KMTUY, HTCMY and TEX are positioning themselves to leverage these trends.
Caterpillar's dividend is sustainable throughout the economic cycle. Consumer staples giant Procter & Gamble can fortify investors' portfolios.
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