Caterpillar Stock Price, News & Analysis

Caterpillar Inc. (NYSE: CAT) has decided to maintain its quarterly cash dividend at $1.03 per share, with a payment date set for May 20, 2021. Shareholders on record by April 26, 2021 will receive the dividend. The company has a notable history, having paid a cash dividend every year since its inception and maintaining an increase for 27 consecutive years, positioning it as a member of the S&P 500 Dividend Aristocrat Index. In 2020, Caterpillar reported $41.7 billion in sales and revenues, solidifying its status as a leading player in the construction and mining equipment industry.

Caterpillar Inc. (NYSE: CAT) has appointed Gerald Johnson to its board of directors, effective March 1, 2021. Johnson, currently the executive vice president of Global Manufacturing at General Motors, brings extensive manufacturing expertise and a commitment to sustainability. Caterpillar's Chairman and CEO, Jim Umpleby, expressed confidence in Johnson's skills and insights enhancing the board. This change adds valuable experience to the board, critical for steering the company in the competitive manufacturing landscape.

Caterpillar Inc. CFO Andrew Bonfield will participate in a fireside chat at the Evercore ISI Industrial Conference 2021 on March 2, 2021, starting at 11:40 a.m. ET. This session, lasting 30 minutes, aims to engage institutional investors.

The event will be webcast live and accessible to the public. Listeners should register 30 minutes in advance. A replay will be available for 90 days, and a transcript will be posted on Caterpillar's investor relations website.

Caterpillar Inc. has completed its acquisition of Weir Oil & Gas from Weir Group PLC for an undisclosed amount. The integration will create SPM Oil & Gas, which will produce pumps, flow iron, and pressure control products through over 40 global service centers with around 2,000 employees. This acquisition is intended to enhance customer offerings and support Caterpillar's strategy of expanding its services in the well service industry, leveraging Weir's expertise in pressure pumping and control.

Cat Financial announced its 2020 financial results, reporting revenues of $2.55 billion, a 14% decrease from 2019. Profit fell to $293 million, down 29%. Factors behind the revenue decline included $190 million from lower financing rates and $151 million from diminished earning assets. The provision for credit losses rose by $104 million, impacting profit before tax, which decreased 31% to $434 million. Fourth-quarter revenues were $616 million, a 15% decrease compared to Q4 2019. Total assets declined 5% to $31.99 billion.

Caterpillar reported its fourth-quarter 2020 earnings, showing a profit per share of $1.42, down from $1.97 in 2019. Adjusted profit per share was $2.12, reflecting strong operational performance despite a 15% revenue decline to $11.2 billion from $13.1 billion year-over-year. For the full year, Caterpillar's revenues fell 22% to $41.7 billion, with an operating profit margin of 10.9%. The company returned $3.4 billion to shareholders through dividends and stock buybacks. Despite the challenges posed by COVID-19, management expressed confidence in the company's long-term growth potential.

Caterpillar Inc. (NYSE: CAT) will announce its fourth-quarter and full-year 2020 financial results on January 29, 2021, at 5:30 a.m. CST. The results will be available on investors.caterpillar.com and via PR Newswire. A teleconference for analysts and investors will follow at 7:30 a.m. CST. The call is accessible via phone and will provide insights into Caterpillar’s financial performance. In 2019, the company reported $53.8 billion in sales and operates in segments including Construction, Resource, and Energy & Transportation.

Caterpillar Inc. (NYSE: CAT) has announced it will maintain its quarterly cash dividend at $1.03 per share, payable on February 19, 2021, to shareholders of record as of January 20, 2021. This decision reflects the company's strong commitment to returning value to its shareholders. Since 2009, Caterpillar's quarterly dividend has more than doubled, highlighting its consistent performance in providing shareholder returns. The company has paid dividends every year since its inception and has a long history of stable dividends since 1933.