In the latest trading session, Caterpillar (CAT) closed at $336.75, marking a -1.03% move from the previous day.
Per Caterpillar's CAT SEC filing on Tuesday, the group's president, Anthony D. Fassino, sold 3,185 shares at $351.36 per share or a total of $1.1 million on Aug. 30.
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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.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
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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.