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Caterpillar Inc CAT Stock Quote

| Rating as of

NYSE: CAT

Last close prices updated as of Feb 07, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 249.66
  • Sector Industrials
  • Industry Farm & Heavy Construction Machinery
  • Investment Style Large Blend
  • Day Range 245.35  –  252.00
  • Year Range 160.60  –  266.04
  • Market Cap 129.9254 Bil
  • Volume / Avg 3.5 Mil /  3.2 Mil
  • Price / Sales 2.23
  • Price / Book 8.19
  • Forward Div Yield 1.92%
  • Trailing Div Yield 1.89%

Morningstar‘s Stock Analysis CAT

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Wide-Moat Caterpillar Closes Out 2022 With Solid Machinery Sales

Dawit Woldemariam Equity Analyst

Analyst Note

| Dawit Woldemariam |

Caterpillar reported solid fourth-quarter results to close out 2022. The company’s machinery sales grew 21% year on year to $15.8 billion, thanks to stronger pricing and increased sales volume. Retail sales (to end users) of machines were up 4% year on year globally, with North America (up 13% year on year) being the biggest contributor to growth in the quarter. Notably, retail was up sequentially compared with the third quarter of 2022, showing Caterpillar’s increased ability to meet the demand from end users. That said, we’re not expecting much uplift from the dealer channel this year, as funding for infrastructure has still not flowed through to U.S. states. In the quarter, Caterpillar noted that dealer inventories increased $700 million sequentially compared with the third quarter. If we compare this to the same period a year ago, we see a $800 million favorable impact on total sales. We'd like to see this number cross over a billion dollars in the medium term.

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Key Statistics CAT

Company Profile CAT

Business Description

Caterpillar is the premier manufacturer of heavy equipment, power solutions, and locomotives. It is currently the world’s largest manufacturer of heavy equipment with over 13% market share in 2021. The company is divided into four reportable segments: construction industries, resource industries, energy and transportation, and Caterpillar Financial Services. Its products are available through a dealer network that covers the globe with about 2,700 branches maintained by 160 dealers. Caterpillar Financial Services provides retail financing for machinery and engines to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Caterpillar product sales.

Contact
510 Lake Cook Road, Suite 100
Deerfield, IL, 60015
Industry Farm & Heavy Construction Machinery
Employees 107,700

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FAQs for Caterpillar Inc Stock

Yes. CAT has a forward dividend yield of 1.91%. See CAT’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

CAT’s market cap is 129.93 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

CAT’s stock style is Large Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

CAT’s price/sales is 2.24.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

CAT’s price/forward earnings is 15.85.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

CAT’s price/book is 8.19.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See CAT’s valuation ratios compared to the Market Index.

CAT’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare CAT’s historical performance against its industry peers and the overall market.