Caterpillar Works to Turn Used Engines Into Money Construction equipment maker Caterpillar Inc wants to sell engines -- again and again. Bangkok Post · May 11, 2022
Caterpillar Acquires Tangent Energy Solutions For Undisclosed Sum Caterpillar Inc. (NYSE:CAT) has acquired Tangent Energy Solutions, a U.S.-based energy-as-a-service (EaaS) company. Deal terms were not disclosed. Kennett Square, Pennsylvania-based Tangent offers customers turnkey solutions to lower energy costs, boost energy efficiency, reduce emissions, monetize electric grid support, and provide resiliency for customer operations. Tangent's software solutions monitor patterns from grid… Benzinga · May 5, 2022
Why Caterpillar Shares Are Trading Lower Today Caterpillar Inc (NYSE:CAT) reported first-quarter FY22 sales and revenue growth of 14.3% year-over-year to $13.59 billion, beating the consensus of $13.40 billion. Revenue growth was driven by higher sales volume and favorable price realization, partially offset by unfavorable currency impacts. Segment Revenue: Construction Industries $6.12 billion (+12% Y/Y), Resource Industries $2.83 billion (+30%… Benzinga · Apr 28, 2022
Peering Into Caterpillar Inc's Recent Short Interest Caterpillar Inc's (NYSE:CAT) short percent of float has fallen 16.67% since its last report. The company recently reported that it has 5.35 million shares sold short, which is 1.0% of all regular shares that are available for trading. Benzinga · Apr 6, 2022
What's Going On With Caterpillar Shares? Caterpillar Inc. (NYSE: CAT) shares are trading lower by 1.64% at $219.17 Friday afternoon on average volume. It was a quiet week for the industrial giant. JP Morgan analyst Tami Zakaria maintained Caterpillar on Monday with an Overweight and raised the price target from $241 to $257. Benzinga · Apr 1, 2022
Peering Into Caterpillar Inc's Recent Short Interest Caterpillar Inc's (NYSE:CAT) short percent of float has risen 7.14% since its last report. The company recently reported that it has 6.43 million shares sold short, which is 1.2% of all regular shares that are available for trading. Benzinga · Mar 18, 2022
Why Are Caterpillar Shares Surging Today? Caterpillar Inc (NYSE: CAT) is leading the Dow Jones higher Tuesday after Jefferies analyst Stephen Volkmann upgraded the stock from a Hold rating to a Buy rating and raised the price target from $215 to $260. Benzinga · Mar 8, 2022
Jefferies Turns Bullish On Caterpillar, Raises Price Target By 21% Jefferies analyst Stephen Volkmann upgraded Caterpillar Inc (NYSE:CAT) to Buy from Hold and raised the price target to $260 (an upside of 26%) from $215. Volkmann's prior Hold rating had been based on concerns that constrained CAPEX and ESG themes in mining and oil and gas markets that accounted for about 40% of Caterpillar revenue,… Benzinga · Mar 8, 2022
How Is The Market Feeling About Caterpillar Inc? Caterpillar Inc's (NYSE:CAT) short percent of float has risen 14.29% since its last report. The company recently reported that it has 6.07 million shares sold short, which is 1.12% of all regular shares that are available for trading. Benzinga · Mar 2, 2022
Electric Train Orders Grow: How Caterpillar Could Be A Winner Investors and consumers have likely heard of electric cars, electric trucks and electric semis by now. One vehicle that hasn’t gotten as much attention in the U.S. is electric trains, something that Caterpillar Inc (NYSE: CAT) could soon change. Benzinga · Feb 4, 2022
CNBC's Final Trades: Caterpillar, UnitedHealth, Invesco QQQ Trust And This Coffee Chain On CNBC’s “Halftime Report Final Trades,” Stephanie Link of Hightower said Caterpillar Inc’s (NYSE: CAT) fourth-quarter results were “very good in terms of top-line up 23 Benzinga · Feb 2, 2022
Deutsche Bank, Credit Suisse Cut Caterpillar Price Target Deutsche Bank analyst Nicole Deblase lowered Caterpillar Inc's (NYSE:CAT) price target to $242 from $245 and maintained a Buy rating on the shares. Deblase mentions that the stock sold off post earnings on lower forward earnings estimates. Related: Caterpillar Clocks 23% Revenue Growth In Q4, Beats Analyst Expectations. Credit Suisse analyst Jamie Cook lowered the price target to… Benzinga · Jan 31, 2022
(CAT) - Analyzing Caterpillar Inc's Short Interest Caterpillar Inc's (NYSE:CAT) short percent of float has fallen 20.72% since last its last report. The company recently reported that it has 4.76 million shares sold short, which is 0.88% of all regular shares that are available for trading. Benzinga · Jan 31, 2022
Benzinga · Jan 28, 2022 Caterpillar Clocks 23% Revenue Growth In Q4, Beats Analyst Expectations Caterpillar Inc (NYSE:CAT) reported fourth-quarter sales and revenue growth of 23% year-over-year to $13.79 billion, beating the consensus of $13.15 billion. The company attributed the increase primarily to higher sales volume, driven by higher end-user demand for equipment and services, and the impact from changes in dealer inventories, along with favorable price realization.…