Caterpillar Inc. (CAT)
| Previous Close | 363.25 |
| Open | 363.95 |
| Bid | 363.48 x 800 |
| Ask | 363.62 x 900 |
| Day's Range | 358.89 - 368.17 |
| 52 Week Range | 204.04 - 382.01 |
| Volume | |
| Avg. Volume | 2,399,074 |
| Market Cap | 181.553B |
| Beta (5Y Monthly) | 1.16 |
| PE Ratio (TTM) | 18.07 |
| EPS (TTM) | 20.12 |
| Earnings Date | Apr 25, 2024 |
| Forward Dividend & Yield | 5.20 (1.43%) |
| Ex-Dividend Date | Apr 19, 2024 |
| 1y Target Est | 326.74 |
ReutersCaterpillar, Deere inventories in focus as machinery demand plateaus
Equipment inventories will be in focus when Caterpillar, Deere and CNH Industrial report quarterly results in the coming weeks, as investors await clues on demand in what is expected to be a lukewarm year for the sector. Coming off of a strong 2023 where supply chain concerns and soaring demand prompted dealers to bulk up on tractors, combines and construction equipment, U.S. machinery makers are now seeing a moderation in product stocking at dealers, forcing them to tighten their inventories. "I do think inventories are going to be the most important data point ... whether it's construction equipment, mining, or agricultural, just at what level are those inventories at the retail channel?" said Oppenheimer analyst Kristen Owen.
Investor's Business DailyCaterpillar Earnings Due; Will Dow Jones Heavyweight Crush It Again?
Caterpillar earnings are due early Thursday, The economic bellwether and Dow Jones earthmoving giant has been killing it lately.
ZacksScoop up These 4 GARP Stocks to Receive Handsome Returns
The GARP strategy helps investors gain exposure to stocks that have impressive prospects and are trading at a discount. HUBB, CAT, TKR and HCA are some stocks that hold promise.
