First Affirmative Financial Network reduces its stake in Caterpillar Inc. while RFG Advisory LLC and others increase theirs. Despite fluctuations, Caterpillar has consistently showed resilience in the stock market. Caterpillar announced an increment in dividend, increased share repurchase authorization, and a substantial share buyback plan. Caterpillar Cat Financial presents positive quarterly and full-year results for 2023 and 2024. The firm benefits from a robust US housing market, with the consensus recommendation being 'Hold' from analysts. Caterpillar announces its voluntary delisting from Euronext Paris and has launched the 'Pathways to Sustainability' energy transition program. Caterpillar's position in AI is highlighted, whilst its stock underperforms compared to competitors. Caterpillar showcases growth prospects and positive earnings prospects whilst maintaining its dividend. A significant boost comes from hydrogen fuel cell technology viability and profit spike due to robust demand. Caterpillar's appointment of a new Energy & Transportation Group President, alongside significant personnel changes are reported. The firm also reported third-quarter 2023 results, surpassing market expectations. Caterpillar's intention for delisting from two European exchanges is reported and the firm announces technology upgrades for medium dozers as a part of its commitment to sustainability. Despite deadly incidents at its Mapleton foundry, Caterpillar's Russian assets are transferred to an Armenian fund-owned firm.
Caterpillar CAT News Analytics from Tue, 05 Sep 2023 07:00:00 GMT to Sun, 23 Jun 2024 13:06:28 GMT -
Rating 5
- Innovation 0
- Information 7
- Rumor -2
