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CAT - Caterpillar

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by StockJock-e, Apr 22, 2016.

  1. StockJock-e

    StockJock-e Brew Master
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    Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. The company's Construction Industries segment offers backhoe, small wheel, skid steer, multi-terrain, compact track, medium and compact wheel, and track-type loaders; mini, wheel, and track excavators; track-type tractors; and select work tools, motor graders, telehandlers, soil compactors, and pipelayers, as well as its related parts for the heavy and general construction, rental, mining and quarry, and aggregates markets. Its Resource Industries segment provides electric rope and hydraulic shovels; draglines; drills; highwall and longwall miners; hard rock vehicles; articulated, large mining, and off-highway trucks; large wheel loaders; wheel tractor scrapers; wheel dozers; machinery components; hard rock continuous mining systems; electronics and control systems; and select work tools for use in mining and quarry applications. The company's Energy & Transportation segment offers reciprocating engines, generator sets, marine propulsion systems, gas turbines and turbine-related services, diesel-electric locomotives, and other rail-related products and services. Its Financial Products segment provides retail and wholesale financing for Caterpillar equipment, machinery, and engines; offers property, casualty, life, accident, and health insurance; insurance brokerage services; and purchases short-term trade receivables. The company's All Other segments remanufactures Cat engines and components, and provides remanufacturing services for other companies; offers business strategy, and development, management, manufacturing, marketing, and support primarily for paving, forestry, industrial, waste, and Cat products. The company was formerly known as Caterpillar Tractor Co. and changed its name to Caterpillar Inc. in 1986. The company was founded in 1925 and is headquartered in Peoria, Illinois.

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  2. StockJock-e

    StockJock-e Brew Master
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    Caterpillar quarterly profit declines on weak equipment sales

    (Reuters) - Caterpillar Inc. (CAT.N) posted a lower quarterly profit on Friday as slowing activity in global mining and construction hurt sales of machinery.

    The world’s largest heavy machinery manufacturer reported operating income of $494 million, or 67 cents per share in the first quarter, down from a revised $1.70 billion, or $2.07 a share, a year ago. Analysts had expected earnings per share of 68 cents.

    Including restructuring costs, Caterpillar earned 46 cents per share, compared with a revised $2.03 a year earlier. Revenue fell to $9.46 billion, from $12.7 billion a year ago.
     
  3. StockJock-e

    StockJock-e Brew Master
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    $80 resistance here, lets see if support comes back in around the mid $70's, lots of momentum still holding.
     
  4. StockJock-e

    StockJock-e Brew Master
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    Watching that support next week!
     
  5. Brendan Cowie

    Brendan Cowie Active Member

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    Got 1 Nov put today 75 strike. Will add another 1 or 2 if this drops more
     
  6. T0rm3nted

    T0rm3nted Moderator
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    Ex-Div-Date: 7/18/16
    Payment Date: 8/20/16
    Dividend: $0.77
    Current Price: $74.83
    Annual Yield: 4.12%
     
  7. Brendan Cowie

    Brendan Cowie Active Member

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    This should not be up 3$ the guidance was just awful and the yoy decline is terrible.

    This should be in the 50s
     
  8. T0rm3nted

    T0rm3nted Moderator
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    Reported before open today (7/26/16)
    Earnings: EPS $1.09 Revenue $10.34B
    Estimates: EPS $0.96 Revenue $10.06B

    Up 5.16% today
     
  9. bigbull

    bigbull Active Member

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    May be forming a rounding top that pegs a short term high at $83.50. It all depends if the stock spends some time at $81 and fails to hold above the mark.

    Support is found at $77.69 and $75.52. If $75.52 is taken out, I would stay away.
     
  10. bigbear0083

    bigbear0083 Content Manager
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    Caterpillar CEO to retire, successor a company veteran
    CHICAGO, Oct 17 (Reuters) - Caterpillar insider Jim Umpleby will became chief executive of the heavy equipment maker on Jan. 1, faced with the challenge of reversing a multiyear sales decline triggered by the global commodities slump.

    He replaces Doug Oberhleman, who retires as CEO on Dec. 31, but who stays on as executive board chairman until March 31, the company said on Monday.

    Caterpillar shares were down about 0.58 percent to $87.20.

    Under Oberhelman the company recorded its highest-ever revenue in 2012, two years after he became chief executive. However, a fall in metals and oil prices struck the company hard, and its global sales have fallen since 2013.

    A 35-year company veteran, Umpelby must grapple with Caterpillar's recent sober outlook.

    In July, the company said that it saw no upturn this year in the mining, oil and gas and transportation industries as commodity prices have apparently stabilized at a low levels.

    To cut costs, the company has shed about nearly 14,000 employees since 2015 and more layoffs are planned.

    Oberhelman said on Monday the future is bright partly because of Caterpillar's lean and agile manufacturing capability and the company leading the industry in digital capabilities.

    Umpleby currently serves as group president for energy and transportation, which manufactures equipment for the oil, gas, power generation and rail industries.

    "It is worth noting that much of the energy and transportation business is sold directly to end customers and not through dealers, so there will likely be a learning curve for him as he develops the critical relationships with CAT dealers," JP Morgan analyst Ann Duignan said.

    As a part of its global restructuring plan Caterpillar has begun to move part of its mining operations from South Milwaukee, Wisconsin to Tucson, Arizona. The company said in August it was considering options, including selling, a portion of its underground mining equipment business.

    Among challenges for Umpleby is the glut of used mining machines, available for rent or lease, which has hit Caterpillar's sales of new mining equipment.

    Additionally, construction equipment sales suffered setbacks as weak crude prices sapped building demand in oil-rich countries.

    When Oberhelman retires as the board executive chairman, board member Dave Calhoun will become non-executive chairman, Caterpillar said. Umpleby will also join the board.
     
  11. T0rm3nted

    T0rm3nted Moderator
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    Upcoming dividend information:

    Ex-Div-Date
    : 10/20/16
    Payment Date: 11/19/16
    Dividend: $0.77
    Current Price: $87.67
    Annual Yield: 3.51%
     
    bigbear0083 likes this.
  12. bigbear0083

    bigbear0083 Content Manager
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    Caterpillar posts lower third-quarter earnings
    Oct 25 (Reuters) - Caterpillar Inc on Tuesday reported a sharply lower quarterly profit as global economic weakness slowed the sale of new machinery amid an abundance of available used equipment.

    Caterpillar, the world's largest construction and mining equipment maker, reported a third-quarter profit of $283 million, or 48 cents per share, down from $559 million, or 94 cents per share, a year earlier.

    Earnings per share were 85 cents, excluding restructuring costs.
     
  13. bigbear0083

    bigbear0083 Content Manager
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    cat starting to break down here ... looks like next target around 80-81

    [​IMG]
     
  14. Gambit

    Gambit Active Member

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  15. Wolfy

    Wolfy Active Member

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    The federal raid could break CAT's channel and back to the 80s again. Going to monitor how this unfold.
     
  16. Onepoint272

    Onepoint272 2019 Stockaholics Contest Winner

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    I sold out of CAT in mid December. CAT has sloshed around since then and showed a sign of weakness on March 2nd....indicating the range was likely distribution. Today would have been another good day to enter short I suppose.

    upload_2017-3-14_0-14-7.png
     
  17. Onepoint272

    Onepoint272 2019 Stockaholics Contest Winner

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    From the CAT website: On Wednesday, April 12, 2017, the Board of Directors of Caterpillar Inc. (NYSE: CAT) voted to maintain the quarterly cash dividend of seventy-seven cents ($0.77) per share of common stock, payable May 20, 2017, to stockholders of record at the close of business on April 24, 2017.

    At current price, the annual dividend yield is 3.3% but I don't like what appears to be increased volatility in the right hand side of this trading range...indicates too much public ownership. Low-end close Wednesday. Waiting to see how this comes down from here.
    upload_2017-4-20_1-5-51.png
     
  18. StockJock-e

    StockJock-e Brew Master
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    Major break out today, check out that beautiful chart!
     
  19. bigbear0083

    bigbear0083 Content Manager
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    CAT reporting before the open tomorrow morning (4/24)

    [​IMG]
     
    T0rm3nted likes this.
  20. KyleLennon

    KyleLennon Member

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    Caterpillar expects 2018 to be a year of strong sales growth in China, bolstered by business from the Belt and Road Initiative.

    CAT quarterly revenue growth was 34.70%. However, as US-China tensions over trade increasing, it's hard to predict whether CAT will still perform better in the next quarter.
     

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