Is Caterpillar stock a buy, sell, or hold? (2024)

Is Caterpillar stock a buy, sell, or hold?

Is Caterpillar stock a Buy, Sell or Hold? Caterpillar stock has received a consensus rating of buy. The average rating score is A2 and is based on 28 buy ratings, 22 hold ratings, and 12 sell ratings.

Is Caterpillar a good stock to buy right now?

Caterpillar's analyst rating consensus is a Moderate Buy. This is based on the ratings of 18 Wall Streets Analysts.

What is the outlook for Caterpillar in 2024?

The company is guiding to largely flat sales in 2024 on the expectation that its dealers won't expand their equipment inventories much this year after increasing them by $700 million in 2023. Caterpillar described inventories at dealers as a headwind for sales growth in 2024.

What will CAT stock be worth in 5 years?

Caterpillar stock price stood at $338.00

According to the latest long-term forecast, Caterpillar price will hit $400 by the end of 2024 and then $500 by the middle of 2025. Caterpillar will rise to $700 within the year of 2026, $800 in 2027, $900 in 2028, $1000 in 2030, $1100 in 2032, $1200 in 2033 and $1300 in 2035.

What is the price outlook for Caterpillar stock?

Based on short-term price targets offered by 18 analysts, the average price target for Caterpillar comes to $333.11. The forecasts range from a low of $245.00 to a high of $440.00. The average price target represents a decline of 8.3% from the last closing price of $363.25.

Is Caterpillar a good long term stock?

Blue chip powerhouse Caterpillar (CAT 1.59%) boasts a 29-year track record of increasing dividend payouts, a testament to its robust business and cash management. Today, the stock is trading near all-time highs after a strong year. However, its strong performance also means the stock trades near a high valuation.

Is Caterpillar a good long term investment?

The stock may have a seemingly unattractively valuation now, but it's important to remember how foolhardy it is to try and time the market. Caterpillar is an industry stalwart that has proven to be a long-term winner for investors.

Why is Caterpillar stock dropping?

Caterpillar Inc. shares were dropping more than 7% in Thursday morning action after the company came up a bit short on first-quarter revenue as sales volumes declined.

What is the future for Caterpillar?

Caterpillar is forecast to grow earnings and revenue by 0.4% and 3.1% per annum respectively.

Is Caterpillar recession proof?

What makes Caterpillar Inc. (NYSE:CAT) a recession-proof stock is its steady dividend and recession-proof business dynamics. The Down Jones component company has been increasing its dividends consistently for the past 28 years.

Is CAT a good dividend stock?

Caterpillar Inc.'s (CAT) Dividends: Bottom Line

Its compound average dividend growth rate is 8.8% over the last five years. Caterpillar Inc. has a Dividend Valuation Grade of D, a Dividend Growth Grade of A and a Dividend Strength Grade of B.

Does Caterpillar stock ever split?

Caterpillar stock (symbol: CAT) underwent a total of 4 stock splits. The most recent stock split occured on July 14th, 2005. One CAT share bought prior to July 26th, 1976 would equal to 12 CAT shares today.

What percentage of dividends does CAT stock pay?

CAT pays a dividend of $1.3 per share. CAT's annual dividend yield is 1.42%. When is Caterpillar ex-dividend date? Caterpillar's upcoming ex-dividend date is on Apr 19, 2024.

Who owns the most Caterpillar stock?

The Vanguard Group, Inc. is currently the largest shareholder, with 9.7% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 7.6% and 6.7%, of the shares outstanding, respectively.

Who owns the most shares of Caterpillar?

Largest shareholders include Vanguard Group Inc, State Street Corp, BlackRock Inc., Capital World Investors, State Farm Mutual Automobile Insurance Co, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Geode Capital Management, Llc, Fisher Asset Management, ...

Why is Caterpillar a good investment?

Given that it serves a gamut of sectors - infrastructure, construction, mining, oil & gas and transportation, the company is considered a bellwether of the global economy. CAT is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. Additionally, the company could be a top pick for growth investors.

Why are Caterpillar shares so high?

The truth, however, is that Caterpillar is enjoying robust industry tailwinds. The construction equipment and heavy machinery industry is benefiting significantly due to record infrastructure investment, mainly backed by unprecedented government spending.

Why is Caterpillar stock so high?

Purchases of heavy machinery from construction and mining industries aided Caterpillar's full-year operating margin. Profit for the world's largest construction company in the energy and transportation segment rose 21% from the year prior.

How many times does Caterpillar pay dividends?

Caterpillar has paid a cash dividend every year since the company was formed and has paid a quarterly dividend since 1933.

Is Caterpillar a buy zacks?

Caterpillar Inc. - Buy. Zacks' proprietary data indicates that Caterpillar Inc. is currently rated as a Zacks Rank 2 and we are expecting an above average return from the CAT shares relative to the market in the next few months.

Is Caterpillar in debt?

Total debt on the balance sheet as of December 2023 : $37.87 B. According to Caterpillar's latest financial reports the company's total debt is $37.87 B. A company's total debt is the sum of all current and non-current debts.

Who is Caterpillar's biggest competitor?

Is Caterpillar a blue chip stock?

Blue chip powerhouse Caterpillar (NYSE: CAT) boasts a 29-year track record of increasing dividend payouts, a testament to its robust business and cash management. Today, the stock is trading near all-time highs after a strong year.

What company bought Caterpillar?

In November 2023, an agreement was reached on the sale of Caterpillar assets to the Russian company PSK - New Solutions, founded by people from Sberbank.

Why is CAT stock tanking?

Caterpillar Inc. shares were dropping more than 3% in Thursday's premarket action after the company came up a bit short on first-quarter revenue as sales volumes declined.