Clearbridge Investments LLC and
Robeco Institutional Asset Management B.V. have both reduced their positions in
Caterpillar Inc. (CAT). Conversely, the corporation announced a significant $90M investment in North Texas pointing towards aggressive business growth. Despite some share sales, the company's Q1 earnings and revenues have beat estimates. The biotech firm launches 'Pathways to Sustainability', an Energy Transition Program indicating the shift towards sustainable practices. Caterpillar has also made headlines with its growing trend on stock markets.
Year-end results of 2023 and Q1 of 2024 indicate a promising financial trend. Additionally, the company has caught investor attention through its strong growth. The company's choice to
volunteer to delist from Euronext Paris has enabled it to focus more on the domestic US market. Aside from the positive financials, the company faced a racial discrimination lawsuit settled for $800,000. The firm has nonetheless continued to display successes with its Q3 2023 results and recently reported $1.30 quarterly dividends. Caterpillar is also branching out into artificial intelligence, enhancing its tech capabilities.
Caterpillar CAT News Analytics from Tue, 01 Aug 2023 07:00:00 GMT to Sun, 26 May 2024 19:45:49 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -6
