Various industry players and entities are changing their financial positions in Caterpillar Inc. A series of stocks are being sold by Symphony Financial Ltd. Co., Romano Brothers And Company, etc. However, holdings are being increased by entities like Baker Ellis Asset Management LLC and Atlas Capital Advisors LLC. Caterpillar has proven to be a strong investment option given its consistent performance. Caterpillar has increased dividends and authorized more share repurchase. Citigroup has initiated coverage on Caterpillar with a buy recommendation.
Some dips in value have been experienced, but Caterpillar's overall trend seems positive. The company recently announced Q1 2024 results and Q2 results surpassing earnings and revenue estimates. It continues to benefit from a positive US housing market. Caterpillar's quarterly dividend has increased by 8.5% which combined with the demonstration of strong growth makes it an appealing choice for dividend stock investors.
Caterpillar also unveiled an Energy Transition Program, 'Pathways to Sustainability' and announced voluntary delisting from Euronext Paris. The company has expanded its share buyback plan, and raised dividends while making significant strides in AI, sustainability and hydrogen fuel cell technology.
Caterpillar CAT News Analytics from Tue, 31 Oct 2023 07:00:00 GMT to Sun, 30 Jun 2024 14:54:26 GMT - Rating 7 - Innovation 6 - Information 7 - Rumor -3
