Caterpillar is selling for under 271.72 as of the 3rd of October 2023; that is -0.47% down since the beginning of the trading day. The stock's last reported lowest price was 270.24. Caterpillar has a very small chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Caterpillar are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of August 2023 and ending today, the 3rd of October 2023. Click here to learn more.
2nd of January 1962
Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. The company was founded in 1925 and is headquartered in Deerfield, Illinois. Caterpillar operates under Farm Heavy Construction Machinery classification in the United States and is traded on New York Stock Exchange. The company has 516.35 M outstanding shares of which 7.24 M shares are currently shorted by investors with about 2.16 days to cover. More on Caterpillar
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Caterpillar Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Caterpillar's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Caterpillar or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Caterpillar Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of Caterpillar jumping above the current price in 90 days from now is about 45.5%. The Caterpillar probability density function shows the probability of Caterpillar stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.3274 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Caterpillar will likely underperform. Additionally, the company has an alpha of 0.2484, implying that it can generate a 0.25 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Caterpillar Historical Income Statement
Caterpillar Income Statement is one of the three primary financial statements used for reporting Caterpillar's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Caterpillar revenue and expense. Caterpillar Income Statement primarily focuses on the company's revenues and expenses during a particular period.Caterpillar Direct Expenses is comparatively stable at the moment as compared to the past year. Caterpillar reported Direct Expenses of 41.35 Billion in 2022. Gross Profit is likely to gain to about 17.7 B in 2023, whereas Consolidated Income is likely to drop slightly above 5.8 B in 2023. View More Fundamentals
Caterpillar Stock Against Markets
Picking the right benchmark for Caterpillar stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Caterpillar stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Caterpillar is critical whether you are bullish or bearish towards Caterpillar at a given time. Please also check how Caterpillar's historical prices are related to one of the top price index indicators.
Be your own money managerOur tools can tell you how much better you can do entering a position in Caterpillar without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.
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Caterpillar Corporate DirectorsCaterpillar corporate directors refer to members of a Caterpillar board of directors. The board of directors generally takes responsibility for the Caterpillar's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Caterpillar's board members must vote for the resolution. The Caterpillar board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
How to buy Caterpillar Stock?Before investing in Caterpillar, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Caterpillar. To buy Caterpillar stock, you can follow these steps:
- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Caterpillar. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Caterpillar stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Caterpillar stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Caterpillar stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Caterpillar, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Caterpillar Stock please use our How to Invest in Caterpillar guide.
Already Invested in Caterpillar?
The danger of trading Caterpillar is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Caterpillar is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Caterpillar. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Caterpillar is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Caterpillar. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more information on how to buy Caterpillar Stock please use our How to Invest in Caterpillar guide. Note that the Caterpillar information on this page should be used as a complementary analysis to other Caterpillar's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETF Directory module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for Caterpillar Stock analysis
When running Caterpillar's price analysis, check to measure Caterpillar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Caterpillar is operating at the current time. Most of Caterpillar's value examination focuses on studying past and present price action to predict the probability of Caterpillar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Caterpillar's price. Additionally, you may evaluate how the addition of Caterpillar to your portfolios can decrease your overall portfolio volatility.
Is Caterpillar's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Caterpillar. If investors know Caterpillar will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Caterpillar listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
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The market value of Caterpillar is measured differently than its book value, which is the value of Caterpillar that is recorded on the company's balance sheet. Investors also form their own opinion of Caterpillar's value that differs from its market value or its book value, called intrinsic value, which is Caterpillar's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Caterpillar's market value can be influenced by many factors that don't directly affect Caterpillar's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Caterpillar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Caterpillar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Caterpillar's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.