Caterpillar is a agriculture company located in Illinois, United States, which is part of the Industrials sector, and is traded under the ticker CAT on the NYSE exchange.
Caterpillar stock last closed at $273.06, up 0.38% from the previous day, and has increased 60.11% in one year. It has overperformed other stocks in the Farm & Heavy Construction Machinery industry by 0.41 percentage points. Caterpillar stock is currently +70.02% from its 52-week low of $160.60, and -7.08% from its 52-week high of $293.88.
There are currently 510.14M shares of CAT outstanding. The market capitalization of CAT is $139.30B. In the past 24 hours, 1.71M CAT shares were traded.
You will need an online brokerage account to access the NYSE market and buy CAT stock.
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Now that you've picked your brokerage, you'll need to fill out some personal information so you are able to buy CAT stock today.
Now that you have finished signing up on the highest rated stock app, you need to deposit funds:
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After you have identified the best place to buy Caterpillar stock, it's crucial to analyze their stock prior to buying, so you truly understand the risk and opportunity.
WallStreetZen was designed to help average investors do more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on CAT's stock page.
Analysts use many financial metrics, analyses, models, and charts to gauge CAT's intrinsic value.
Using relative valuations ratios:
You can access more valuation research on CAT's stock here.
Out of 15 Equities analysts who research CAT, the consensus analyst rating on CAT is a Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Stanley Elliott, a top 5% analyst from Stifel Nicolaus maintains CAT with a strong buy rating and raises their CAT price target from $275.00 to $300.00, on Aug 2, 2023.
Tami Zakaria, a top 6% analyst from JP Morgan maintains CAT with a strong buy rating and raises their CAT price target from $275.00 to $315.00, on Aug 2, 2023.
Matt Elkott, a top 17% analyst from TD Cowen maintains CAT with a buy rating and raises their CAT price target from $287.00 to $320.00, on Aug 2, 2023.
Seth Weber, a top 25% analyst from Wells Fargo maintains CAT with a hold rating and raises their CAT price target from $240.00 to $285.00, on Aug 2, 2023.
Michael Feniger, a bottom 22% analyst from Bank of America maintains CAT with a strong buy rating and raises their CAT price target from $283.00 to $323.00, on Aug 2, 2023.
You can dig deeper into what analysts are projecting on the Caterpillar stock forecast page.
Last year, CAT earnings were $8.36B. In the past 5 year, CAT's earnings have grown by 25.34% per year. This was slower than the Farm & Heavy Construction Machinery industry average of 27.48%.
Last year, CAT revenue was $64.77B. During the last five year, CAT's revenue has increased by 4.82% per year. This was slower than the Farm & Heavy Construction Machinery industry average of 7.84%.
Dive into CAT's earnings and revenue performance here.
Over the last 12 months, executives and large shareholders at CAT have bought more shares than they have sold.
William E. Schaupp, Chief Accounting Officer of CAT, was the latest CAT insider to sell. They sold $69,913.20 worth of CAT stock on Sep 1, 2023.
Dig into more about who owns CAT stock here.
Caterpillar pays a dividend of 1.79%, compared to the Farm & Heavy Construction Machinery industry's average dividend yield of 1.93%. If you owned $1,000 of CAT stock, you would have been paid $17.94 last year.
Caterpillar dividend payments have consistently grown over the past decade and have remained stable.
Get more info about Caterpillar dividend yield and history here.
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Now that you own some CAT stock, you'll want to stay up-to-date on your stock purchase.
Put CAT on a watchlist to keep track of your CAT stock.
To reiterate, here are the 6 steps to buy Caterpillar stock:
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