Top 10 Valued Companies To Watch In Right Now: Caterpillar Inc.(CAT)
Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. It operates through three lines of businesses: Machinery, Engines, and Financial Products. The Machinery business offers construction, mining, and forestry machinery, including track and wheel tractors, track and wheel loaders, pipelayers, motor graders, wheel tractor-scrapers, track and wheel excavators, backhoe loaders, log skidders, log loaders, off-highway trucks, articulated trucks, paving products, skid steer loaders, underground mining equipment, tunnel boring equipment, and related parts. It also manufactures diesel-electric locomotives; and manufactures and services rail-related products and logistics services for other companies. The Engines business provides diesel, heavy fuel, and natural gas reciprocating engines for Caterpillar machinery, electric power generation systems, marine, petrol eum, construction, industrial, agricultural, and other applications. It offers industrial turbines and turbine-related services for oil and gas, and power generation applications. This business also remanufactures Caterpillar engines, machines, and engine components; and offers remanufacturing services for other companies. The Financial Products business provides retail and wholesale financing alternatives for Caterpillar machinery and engines, solar gas turbines, and other equipment and marine vessels, as well as offers loans and various forms of insurance to customers and dealers. It also offers financing for vehicles, power generation facilities, and marine vessels. The company markets its products directly, as well as through its distribution centers, dealers, and distributors. It was formerly known as Caterpillar Tractor Co. and changed its name to Caterpillar Inc. in 1986. Caterpillar Inc. was founded in 1925 and is headquartered in Peoria, Illinoi! s.
Advisors' Opinion:- [By Dan Carroll]
Komatsu has seen its sales fall in China, where the company leads the manufacturing industry. However, despite China's recent slowdown, Komatsu leadership still sees demand picking up between 5% and 10% in the world's second-largest economy as the Chinese government contemplates its own stimulus plans. The weak yen will mean that Komatsu's sales matter all the more, particularly as top competitor Caterpillar (NYSE: CAT ) , which has been hammered by the mining industry's decline, ramps up its own China operations. Caterpillar lags Komatsu in China, but it increased its Chinese sales year over year in the first quarter.
- [By Jessica Alling]
Earnings
Caterpillar (NYSE: CAT ) announced disappointing, though not entirely unexpected, earnings this morning. Largely due to a slowdown in demand of heavy machinery from mining customers, the company had a 17% drop in sales for the first quarter. The decline in sales resulted in profits that were nearly half those of the year-ago quarter -- $880 million versus 2012's $1.59 billion. Caterpillar revised its 2013 outlook to the lower end of its previous guidance, $7 per share on sales of $57 billion to $61 billion, with CEO Doug Oberhelman stating that the revision represents a 50% cut in sales due to the decline in mining customer demand. The company will begin a share buyback program that it shelved for five years, with up to $3.7 billion in shares on the table before the end of 2015. - [By Alex Planes]
Moving the earth for market-beating returns
Caterpillar (NYSE: CAT ) was formed from the combination of two large American tractor manufacturers on April 15, 1925. That day, C.L. Best Tractor Company and Holt Caterpillar came together to become the modern heavy-equipment market leader so familiar to Dow watchers. This brought more than a decade of contentious litigation between the two companies to an ! end, comb! ining the financially and technologically stronger Best with the more popular and widely distributed Holt. Without the merger, both might have sued each other out of existence. Together, they had the power to dominate their industry. The Antique Caterpillar Machinery Owners Club highlights the new company's immediate success: - [By Jon C. Ogg]
Caterpillar Inc. (NYSE: CAT) was another winner, on hopes of larger domestic orders rather than just on hopes of international orders. This was ahead of the dividend payment, and was a day after the company pressed Congress to develop legislation to enhance infrastructure. Caterpillar shares were up 2% at $92.41 right before the closing bell.
source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-10-valued-companies-to-watch-in-right-now-2.html
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