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DewDiligence DewDiligence 3 weeks ago
CAT is an AI play, says Barron’s:

https://www.barrons.com/articles/3-stocks-to-benefit-from-the-ai-datacenter-power-boom-7c07b498 Artificial-intelligence data centers will use much more electricity than their traditional counterparts, driving upgrades to electric-power infrastructure in a shift that offers opportunities for investors, according to Bernstein [analyst, Chad Dillard].

…Dillard said he expects Caterpillar and Cummins, which [make] both engines and power-generation equipment, to benefit as well. Each could pull in incremental revenue of more than $5 billion through 2030 as electric-power capacity is expanded. I previously posted that CAT’s mining-equipment business is a beneficiary of the transition to EVs (#msg-172040699), so CAT has a couple of “thematic” growth drivers in place.
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Prudent Capitalist Prudent Capitalist 1 month ago
Great news for this core holding of ours. Very positive.
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DewDiligence DewDiligence 1 month ago
CAT hikes dividend—increases buyback authorization:

https://finance.yahoo.com/news/caterpillar-inc-increases-dividend-increases-143000701.html

The new annualized dividend is $5.64 (up 8% from $5.20). At the current share price (~$330), the new payout equates to a dividend yield of 1.7%. CAT has increased its dividend for 30 consecutive years.

The new $20B buyback authorization, added to the $1.8B remaining from the $15B 2022 authorization (#msg-168886038), gives a total buyback authorization of $21.8B. If CAT implements the full buyback authorization and (for the sake of discussion) buys shares at an average equal to the current market price, the share count will be reduced by about 14%. However, there is no time limit on the buyback authorization.
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DewDiligence DewDiligence 3 months ago
Addendum re non-GAAP vs GAAP EPS:

Excluding restructuring costs from non-GAAP EPS is a policy that disapprove of because multinational, multifaceted businesses such as CAT have restructuring costs continually. In 1Q24, however, non-GAAP EPS came in slightly lower than GAAP EPS due to the exclusion from non-GAAP EPS of a one-time tax benefit.
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DewDiligence DewDiligence 3 months ago
CAT guided to lower 2Q24 sales compared to 2Q23 (see slide #17), and this is apparently what caused today’s rather sharp selloff.Additionally, CAT shares had had a big runup this year and the stock was recently trading near its all-time high.
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DewDiligence DewDiligence 3 months ago
CAT 1Q24 CC slides:

https://s25.q4cdn.com/358376879/files/doc_financials/2024/q1/1Q-2024-Analyst-Slide-Deck_Final-1.pdf
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DewDiligence DewDiligence 3 months ago
CAT reports 1Q24 results—shares_slide_on_soft 2Q24 guidance:

https://www.caterpillar.com/content/dam/caterpillarDotCom/releases/1q24/1q24-caterpillar-inc-financial-results.pdf

1Q24 sales were $15.8B, flat YoY, with price increases offsetting lower volume. Sales in the Construction and Resources Industries (mining equipment) segments were -5% and -7% YoY, respectively, while sales in the Energy & Transportation segment were +7% YoY. The E&T segment comprised 45% of CAT’s product sales in 1Q24.

1Q24 non-GAAP EPS was $5.60, up from $4.91 in 1Q23. 1Q24 GAAP EPS was $5.75 up/down from $3.74 in 1Q23.

CAT does not provide specific guidance for sales or EPS, but it expects full-year 2024 sales to be similar to 2023. However, CAT guided to lower 2Q24 sales compared to 2Q23 (see slide #17), and this is apparently what caused today’s rather sharp selloff.
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Monksdream Monksdream 4 months ago
I bought Autozone shares in March 2009
Auto parts retailer who would have imagined
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Prudent Capitalist Prudent Capitalist 4 months ago
What a great long-term investment CAT has been. These shares are up so much of late, that CAT is now hugely overweight in a Beneficiary IRA I have that requires me to take annual Required Minimum Distributions (RMD). The CAT position is now greater than the BRK position. So, I was able this week to harvest some profits and sell a relatively small amount of the CAT position to fund this year's RMD, and my remaining CAT position is right up there with BRK and a couple of others. The stock markets enable smart long-term investors to reap huge rewards.
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Monksdream Monksdream 4 months ago
CAT new 52 hi
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Monksdream Monksdream 4 months ago
Cat Tractor is high tech
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Prudent Capitalist Prudent Capitalist 4 months ago
CAT closed near its ATH today. Great stuff. What a great Country!
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Monksdream Monksdream 4 months ago
What these ag tech dreamers pumping garbage third tier Nasdaq junk fail to understand is Cat Tractor is more ag tech than all of them combined
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Prudent Capitalist Prudent Capitalist 4 months ago
New ATH's for CAT seem to be almost a daily occurrence any more. Have owned a large position here for years with automatic reinvestment of all dividends, which compounds the long-term gains.
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Monksdream Monksdream 4 months ago
CAT new 52 hi
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Prudent Capitalist Prudent Capitalist 4 months ago
Yep! And she just keeps chuggin' higher & higher. If this keeps up CAT could someday pass up BRK as out largest holding.
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Monksdream Monksdream 4 months ago
CAT new 52 hi
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Prudent Capitalist Prudent Capitalist 5 months ago
And the new highs for CAT just keep on coming!
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Monksdream Monksdream 5 months ago
CAT new 52 week high
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DewDiligence DewDiligence 5 months ago
CAT independent director bought $110K of stock on the open market last Friday:

https://www.sec.gov/Archives/edgar/data/18230/000110465924027620/xslF345X05/tm247306-1_4seq1.xml

You don’t often see insider buying when a stock is trading within a hair of its all-time high.
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DewDiligence DewDiligence 6 months ago
CAT 4Q23 CC transcript:

https://finance.yahoo.com/news/q4-2023-caterpillar-inc-earnings-042056993.html
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DewDiligence DewDiligence 6 months ago
The stock, +5% in the PM session, is trading at an all-time high.
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DewDiligence DewDiligence 6 months ago
Excluding restructuring costs from non-GAAP EPS is a policy that I take issue with insofar as a multinational, multifaceted business such as CAT’s has restructuring costs continually. In 4Q23, however, non-GAAP EPS came in slightly lower than GAAP EPS due to the exclusion from non-GAAP EPS of one-time tax and OPEB benefits.
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DewDiligence DewDiligence 6 months ago
CAT does not provide specific guidance for sales or EPS, but it expects 2024 sales to be similar to 2023 (see slide #18 at the link in the previous message).
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DewDiligence DewDiligence 6 months ago
CAT reports 4Q23 results—completing_record_year_for sales_and_earnings:

PR:
https://www.caterpillar.com/content/dam/caterpillarDotCom/releases/4q23/4q23-caterpillar-inc-financial-results.pdf

CC slides:
https://s25.q4cdn.com/358376879/files/doc_financials/2023/q4/4Q-2023-Analyst-Slide-Deck-FINAL-2.pdf

4Q23 sales were $17.1B, +3% YoY.

4Q23 non-GAAP EPS was $5.23, up from $3.86 in 4Q22. 4Q23 GAAP EPS was $5.28, up from $2.49 in 4Q22.
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Monksdream Monksdream 6 months ago
CAT new 52 week high
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Monksdream Monksdream 6 months ago
I’m going to do something different by comparing Cat Tractor with the Russell 2000 ETF over a two-year period
Back in 2022 I bought $50,000 of the ETF and sold all of it in early 2023
It was a matter of following the money
Large and mid cap companies started to recover from the pandemic with help from legislation to expand America’s manufacturing capacity
The American consumer did its part
The IWM is comprised mostly of flaky Russell 2000 companies with an established history of no earnings
Investors tired of the hype about their promises and potential and instead opted for shares of mature, profitable companies that pay dividends
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DewDiligence DewDiligence 6 months ago
It's an all-time high.
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Monksdream Monksdream 6 months ago
CAT new 52 week high
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barnyarddog barnyarddog 6 months ago
Video: Caterpillar goes all in on EVs at CES

January 15, 2024
https://chargedevs.com/newswire/video-caterpillar-goes-all-in-on-evs-at-ces/
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Aceinhibitor561 Aceinhibitor561 7 months ago
CAT an Excellent Rise indeed!!
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Monksdream Monksdream 7 months ago
CAT new 52 week high
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Prudent Capitalist Prudent Capitalist 7 months ago
Yep! Lovin' it big time. Have had all of our CAT shares on free automatic dividend reinvestment for years.
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DewDiligence DewDiligence 7 months ago
CAT closes at all-time high.
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kid biscuit kid biscuit 8 months ago
Rrright
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DewDiligence DewDiligence 9 months ago
CAT 3Q23 CC transcript:

https://finance.yahoo.com/news/q3-2023-caterpillar-inc-earnings-041702760.html
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Prudent Capitalist Prudent Capitalist 9 months ago
Yep. Earnings report was fine and strong, including revenue, but then in the conference call they predicted some softness in the current quarter going forward and the share price got hammered.
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DewDiligence DewDiligence 9 months ago
CAT “beats” on 3Q23 sales/earnings—but backlog declines…

PR:
https://www.caterpillar.com/content/dam/caterpillarDotCom/releases/3q23/3q23-caterpillar-inc-financial-results.pdf

CC slides:
https://s25.q4cdn.com/358376879/files/doc_financials/2023/q3/3Q_2023-Analyst-Slide-Deck.pdf


3Q23 sales were $16.8B, +12% YoY, beating the Wall Street consensus of $16.6B.

3Q23 non-GAAP EPS was $5.52, up from $3.95 in 3Q22, beating the Wall Street consensus of $4.80. 3Q23 GAAP EPS was $5.45, up from $3.87 in 3Q22.

CAT’s 9/30/23 order backlog was $28.1B, down $2.6B from $30.7B at 6/30/23.

CAT does not provide specific guidance for sales or EPS.
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Bountiful_Harvest Bountiful_Harvest 11 months ago
Dow Jones Heavyweights - Caterpillar & Amgen Beat The Street:

https://www.forbes.com/sites/johnbuckingham/2023/08/09/dow-jones-heavyweightscaterpillar--amgen-beat-the-street/?sh=3edd9ff74b9b
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Agoura Guy Agoura Guy 12 months ago
RECESSION INCOMING!!!!!! WHO PAID $293.88????

SOME DEMENTED CRACK HEAD WALL STREET FUND MANAGER????

GET YOUR MONEY OUT BEFORE ITS TOO LATE!!!!!!

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DewDiligence DewDiligence 12 months ago
CAT shares_hit_all-time_high_on_2Q23 “beat” with_robust_growth_in_all_business_segments.

2Q23 sales were 17.3B, +22% YoY. (The Wall Street consensus was $16.5B, so this was a solid beat.)

2Q23 non-GAAP EPS was $5.55, up from $3.18 in 2Q22. (The Wall Street consensus was $4.57, so this was a huge beat.)

CAT does not provide specific guidance for sales or EPS, but it expects improved sales and margins in the second half of 2023.

PR:
https://www.caterpillar.com/content/dam/caterpillarDotCom/releases/2q23/2q23-caterpillar-inc-financial-results.pdf

CC slides:
https://s25.q4cdn.com/358376879/files/doc_financials/2023/q2/2Q-2023-Analyst-Slide-Deck-Final.pdf

7-minute video:
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Bountiful_Harvest Bountiful_Harvest 12 months ago
Caterpillar’s Sales Surge as Construction Booms:

https://www.wsj.com/articles/caterpillar-cat-q2-earnings-report-2023-1dd9702b

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makinezmoney makinezmoney 12 months ago
$CAT: $300wkly calls were at $0.02 at the open

NOW at $0.44 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


THATS HOW U MAKE MONEY !!!!!!!!!!!!!!!!!!!!



GO $CAT
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Monksdream Monksdream 12 months ago
Earnings spotlight: Tuesday, August 1 - Merck (MRK), Pfizer (PFE), Advanced Micro Devices (AMD), Caterpillar (CAT), Starbucks (SBUX), Uber (UBER), and Altria (MO). JR Research, a Seeking Alpha analyst stated "Given relatively pessimistic analysts' estimates, the market is likely positioned for a disappointing Q2 release for Pfizer."
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DewDiligence DewDiligence 1 year ago
CAT increases dividend for 29th consecutive year:

https://finance.yahoo.com/news/caterpillar-inc-increases-dividend-142600079.html

The new annualized dividend is $5.20 (up from $4.80). At the current share price (~$243), the new payout equates to a yield of 2.1%. Although this yield is not that high, CAT has raised the dividend by 17% cumulatively ($4.44—>$5.20) in the past two years (#msg-169089779). Moreover, CAT has an active share-buyback program.
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DewDiligence DewDiligence 1 year ago
CAT—>Premiere player in transition to EVs:

What makes CAT a premiere player in the transition to EVs is not what CAT is doing with the equipment it sells to mining companies. Rather, CAT is a premier player in the transition to EVs because EVs require 6x the volume of mined materials as ICEs, which will greatly increase the demand for CAT’s heavy-duty mining equipment.
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DewDiligence DewDiligence 1 year ago
CAT’s Bernstein webcast—(50 min)—is a great listen:

https://kvgo.com/bernstein-2023-39th-annual-sdc/caterpillar-june
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DewDiligence DewDiligence 1 year ago
CAT’s CEO, Jim Umpleby said on today’s Bernstein webcast that mines operating with as few as 15-20 trucks can now benefit from autonomous equipment, despite the large capital investment (for new equipment and/or or retrofits).

Just a few years ago, a mine had to have 70 or more trucks to justify investing in autonomy, according to Umpleby.
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DewDiligence DewDiligence 1 year ago
CAT 1Q23 CC transcript:

https://finance.yahoo.com/news/q1-2023-caterpillar-inc-earnings-041835520.html
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DewDiligence DewDiligence 1 year ago
CAT 1Q23—>higher price realization and higher volume…

PR:
https://www.caterpillar.com/content/dam/caterpillarDotCom/releases/1q23/1q23-caterpillar-inc-financial-results.pdf

CC slides:
https://s25.q4cdn.com/358376879/files/doc_financials/2023/q1/1Q-2023-Caterpillar-Inc-Earnings-Presentation.pdf


1Q23 sales were $15.9M, +17% YoY. 1Q23 non-GAAP EPS was $4.91, up from $2.88 in 1Q22.

CAT does not provide specific guidance for sales or EPS, but it expects price realization during the rest of 2023 to offset inflation in COGS, as it did during 1Q23.
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