Caterpillar（CAT）株式概要キャタピラー社は、建設・鉱山機械、オフハイウェイ用ディーゼルエンジン、天然ガスエンジン、産業用ガスタービン、ディーゼル電気機関車を製造し、世界中で販売している。 詳細CAT ファンダメンタル分析スノーフレーク・スコア評価0/6将来の成長4/6過去の実績2/6財務の健全性4/6配当金0/6報酬収益は年間16.57%増加すると予測されています リスク分析多額の負債を抱えている 過去3か月間に大規模なインサイダー売却が発生 すべてのリスクチェックを見るCAT Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueCHF Current PriceCHF 691.2615.4% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-146m103b2016201920222025202620282031Revenue US$102.7bEarnings US$13.7bAdvancedSet Fair ValueView all narrativesCaterpillar Inc. 競合他社Bucher IndustriesSymbol: SWX:BUCNMarket cap: CHF 3.1bStadler RailSymbol: SWX:SRAILMarket cap: CHF 2.3bABBSymbol: SWX:ABBNMarket cap: CHF 151.7bSchindler HoldingSymbol: SWX:SCHNMarket cap: CHF 27.7b価格と性能株価の高値、安値、推移の概要Caterpillar過去の株価現在の株価US$691.2652週高値US$734.4952週安値US$496.61ベータ1.621ヶ月の変化0.12%3ヶ月変化24.04%1年変化n/a3年間の変化200.55%5年間の変化232.34%IPOからの変化9,559.53%最新ニュースお知らせ • May 04Caterpillar Inc., Annual General Meeting, Jun 10, 2026Caterpillar Inc., Annual General Meeting, Jun 10, 2026.Reported Earnings • May 02First quarter 2026 earnings released: EPS: US$5.50 (vs US$4.22 in 1Q 2025)First quarter 2026 results: EPS: US$5.50 (up from US$4.22 in 1Q 2025). Revenue: US$17.4b (up 22% from 1Q 2025). Net income: US$2.55b (up 27% from 1Q 2025). Profit margin: 15% (in line with 1Q 2025). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Apr 30Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 38% to CHF690. The fair value is estimated to be CHF570, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.5%.お知らせ • Apr 16Caterpillar Inc. to Report Q1, 2026 Results on Apr 30, 2026Caterpillar Inc. announced that they will report Q1, 2026 results at 5:30 AM, Central Daylight on Apr 30, 2026Declared Dividend • Apr 16Fourth quarter dividend of US$1.51 announcedShareholders will receive a dividend of US$1.51. Ex-date: 20th April 2026 Payment date: 19th May 2026 Dividend yield will be 0.8%, which is lower than the industry average of 2.2%. Payout Ratios Payout ratio: 31%. Cash payout ratio: 38%.Upcoming Dividend • Apr 16Upcoming dividend of US$1.51 per shareEligible shareholders must have bought the stock before 20 April 2026. Payment date: 19 May 2026. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Swiss dividend payers (3.5%). Lower than average of industry peers (2.2%).最新情報をもっと見るRecent updatesお知らせ • May 04Caterpillar Inc., Annual General Meeting, Jun 10, 2026Caterpillar Inc., Annual General Meeting, Jun 10, 2026.Reported Earnings • May 02First quarter 2026 earnings released: EPS: US$5.50 (vs US$4.22 in 1Q 2025)First quarter 2026 results: EPS: US$5.50 (up from US$4.22 in 1Q 2025). Revenue: US$17.4b (up 22% from 1Q 2025). Net income: US$2.55b (up 27% from 1Q 2025). Profit margin: 15% (in line with 1Q 2025). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Apr 30Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 38% to CHF690. The fair value is estimated to be CHF570, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.5%.お知らせ • Apr 16Caterpillar Inc. to Report Q1, 2026 Results on Apr 30, 2026Caterpillar Inc. announced that they will report Q1, 2026 results at 5:30 AM, Central Daylight on Apr 30, 2026Declared Dividend • Apr 16Fourth quarter dividend of US$1.51 announcedShareholders will receive a dividend of US$1.51. Ex-date: 20th April 2026 Payment date: 19th May 2026 Dividend yield will be 0.8%, which is lower than the industry average of 2.2%. Payout Ratios Payout ratio: 31%. Cash payout ratio: 38%.Upcoming Dividend • Apr 16Upcoming dividend of US$1.51 per shareEligible shareholders must have bought the stock before 20 April 2026. Payment date: 19 May 2026. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Swiss dividend payers (3.5%). Lower than average of industry peers (2.2%).お知らせ • Apr 16Caterpillar Inc. (NYSE:CAT) acquired Zimeno Inc.Caterpillar Inc. (NYSE:CAT) acquired Zimeno Inc. on April 14, 2026. Caterpillar Inc. (NYSE:CAT) completed the acquisition of Zimeno Inc. on April 14, 2026.お知らせ • Apr 10Caterpillar Inc. Announces Chief Financial Officer ChangesCaterpillar Inc. announced that Chief Financial Officer (CFO) Andrew Bonfield has elected to retire effective October 1, 2026, following eight years with the company. Caterpillar veteran Kyle Epley has been appointed CFO, effective May 1, 2026, at which time Bonfield will assume an advisory role for the remainder of the transition. Bonfield’s planned retirement follows a period of record financial performance and transformation for the company. During Bonfield's tenure, Caterpillar strengthened its robust operating and execution model and delivered consistently strong returns for shareholders, including the high full-year sales and revenues in Caterpillar's history and a single-quarter record of $19.1 billion for the fourth quarter of 2025. As part of a seamless transition, Bonfield will serve in an advisory role through October 1, 2026. Epley brings nearly three decades of Caterpillar experience to the role. Currently serving as senior vice president of Global Finance Services, he leads a global team managing enterprise-wide finance operations, strategy, planning, treasury, pricing, real estate and facilities. Throughout his career, Epley has held several senior finance leadership roles across the company, including division CFO and corporate controller, giving him extensive operational and financial insight across Caterpillar's diverse businesses.お知らせ • Apr 08Caterpillar Inc. Maintains Quarterly Dividend on Common Stock, Payable on May 19, 2026The board of directors of Caterpillar Inc. voted to maintain the quarterly dividend of $1.51 per share of common stock, payable on May 19, 2026, to shareholders of record at the close of business April 20, 2026.Recent Insider Transactions • Mar 09CEO & Director recently sold CHF1.4m worth of stockOn the 5th of March, Joseph Creed sold around 3k shares on-market at roughly CHF563 per share. This transaction amounted to 5.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CHF4.6m. This was Joseph's only on-market trade for the last 12 months.お知らせ • Mar 03Caterpillar Transforms the Construction Worksite with Advanced Technology, Services and Solutions At Conexpo-Con/Agg 2026Caterpillar Inc. will showcase how it is helping customers solve their toughest challenges through advanced technology, service solutions and new products that improve productivity, enhance safety and address labor shortages. Construction Industries Group President Rod Shurman, Chief Technology Officer Jaime Mineart and Chief Digital Officer Ogi Redzic will spotlight how Caterpillar is tackling the industry's toughest challenges head-on, pushing boundaries and shaping the future of construction. Caterpillar will transform 70,000 square feet of CONEXPO's Festival Grounds into an outdoor Operator Stadium, where customers can see some of the world's best operators put the latest technologies to the test in real-world jobsite scenarios. The stadium will also offer hands-on experiences with technology, service and Cat Rentals. Demonstrations run daily at 9:30 a.m., 12:00 p.m. and 2:30 p.m. West Hall: Fast, Convenient Support for Small Contractors and Growing Customers: Deuting at CONEXPO, Cat Compact is a streamlined customer experience built for small contractors and growing businesses who value simplicity and speed. By blending digital discovery and online research with the trusted, in-person expertise of Cat dealers, Cat Compact reduces complexity at every step. Designed to support reliable, around-the-clock jobsite performance, the power solutions on display include new high-horsepower C3.6 and C13D engines. Engines and aftermarket offerings, such as condition monitoring, connectivity tools, and parts options, help customers protect uptime and get more from their equipment. Building on momentum from CES 2026, Caterpillar will showcase how Cat®? AI Assistant™? helps customers interact more easily with Cat equipment and digital tools. By reducing complexity and delivering timely answers and recommendations, Cat AI Assistant helps teams make faster, smarter decisions from the office to the jobsite. Caterpillar will also highlight its collaboration with Geotab Inc., which integrates on-highway data into VisionLink™?, enabling customers to manage their entire fleet through one platform. Attendees at Operator Stadium can watch Caterpillar's first autonomous soil compactor -- the Cat®? CS12 -- in action, in addition to Collision Mitigation, the newest solution in the Cat Detect portfolio. Live demonstrations from across the United States will showcase the latest advancements in remote operation and construction autonomy. Enhanced Customer Programs and Rental Solutions: Construction Industries Group President Rod ShURman, Chief Technology OfficerJa Mineart and Chief Digital OfficerOgi Redzic will spotlight where Caterpillar is enhancing its rewards, financing and service programs through Cat Rewards, the Cat Commercial Account and an upgraded Services Commitment that offers next-day parts, two-day repairs and Cat Credits when commitments aren't met. A refreshed Services Commitment that provides next-day parts and Cat Credits when commitment aren't met. A refreshed service commitment to the construction program is designed to support customers with AI and autonomy.お知らせ • Feb 04Caterpillar Inc. (NYSE:CAT) completed the acquisition of RPMGlobal Holdings Limited (ASX:RUL).Caterpillar Inc. (NYSE:CAT) signed a non-binding indicative proposal to acquire RPMGlobal Holdings Limited (ASX:RUL) for AUD 1.1 billion on September 1, 2025. Caterpillar Inc. (NYSE:CAT) entered into Scheme Implementation Deed to acquire RPMGlobal Holdings Limited (ASX:RUL) on October 12, 2025. A cash consideration valued at AUD 5 per share will be paid by Caterpillar Inc. The break fee and reverse break fee has been set at AUD 10 million. The transaction is subject to consummation of due diligence investigation and definitive agreement. Implementation of the Scheme is subject to regulatory approvals from the Foreign Investment Review Board (FIRB) and the Australian Competition and Consumer Commission (ACCC), and other customary conditions, including RPM shareholder approval, Court approval, and there being no Material Adverse Change. The RPM Board unanimously recommend that RPM shareholders vote in favour of the Scheme. The transaction is expected to close on February 4, 2026. Australian Competition and Consumer Commission approved the transaction on December 18, 2025. As of December 19, 2025, the deal was approved by the shareholders of RPMGlobal. As of January 22, 2026, Treasurer of the Commonwealth of Australia that the Commonwealth Government has no objection to the Scheme under the Foreign Acquisitions and Takeovers Act 1975 (Cth). Accordingly, the Foreign Investment Approval condition contained in the Scheme Implementation Deed has been satisfied. As of February 3, 2026, the acquisition was approved by the Federal Court of Australia. Moelis Australia Securities Pty Ltd. acted as financial advisor for RPMGlobal Holdings Limited. Derek Pocock of Baker McKenzie LLP acted as legal advisor for RPMGlobal Holdings Limited. Peter Stirling of King & Wood Mallesons, Australia Branch acted as legal advisor to Caterpillar. J.P. Morgan Securities LLC is serving as Caterpillar's financial advisor for the transaction. Caterpillar Inc. (NYSE:CAT) completed the acquisition of RPMGlobal Holdings Limited (ASX:RUL) on February 4, 2026.お知らせ • Jan 16Caterpillar Inc. to Report Q4, 2025 Results on Jan 29, 2026Caterpillar Inc. announced that they will report Q4, 2025 results at 5:30 AM, Central Standard Time on Jan 29, 2026お知らせ • Jan 15Caterpillar Inc. Announces Executive Changes of Construction IndustriesCaterpillar Inc. announced that Tony Fassino, group president of Construction Industries, has elected to retire effective May 31, 2026, following 30 years with the company. Caterpillar veteran Rod Shurman has been appointed group president of Construction Industries effective February 1, 2026, at which time Fassino will become group president, retired, for the remainder of the transition. Fassino's experience across Caterpillar's global portfolio helped drive the design and introduction of new products, services and technology, the development of go-to-market and distribution strategies, and the implementation of operational excellence across an extensive manufacturing and supply base. He held a variety of positions worldwide, including his appointment to senior vice president of Building Construction Products (BCP) in 2018 and group president of Construction Industries in 2021. Fassino also held numerous external leadership roles with the Association of Equipment Manufacturers, the Associated Equipment Distributors Foundation, the United Way of the Greater Triangle, the FFA Foundation and is currently the 2025 – 2026 chair of the American Road & Transportation Builders Association. Shurman currently serves as senior vice president of Caterpillar's BCP division, where he provides global leadership of the compact, versatile construction machines and attachments business. In his new role, he will be responsible for Caterpillar's Construction Industries segment, which includes Earthmoving, Excavation, BCP, China Operation, Cat Rental & Used, Customer Solutions Core Regions and Customer Solutions Growth Regions divisions, as well as the Construction Industries Supply Management group. Since joining Caterpillar in 1997, Shurman has held positions of increasing responsibility in engineering, service and operations functions. He has served as senior vice president for Caterpillar's Oil & Gas as well as Electrification & Energy Solutions divisions. Shurman has a bachelor's degree in mechanical engineering from Purdue University.お知らせ • Jan 07+ 2 more updatesCaterpillar Inc. Unveils AI-Powered Future and Invests in the Workforce Building ItCaterpillar Inc. unveiled a set of AI-powered and autonomous innovations that mark a major step forward for heavy industry, transforming machines into intelligent, connected systems that help customers build and power the world's critical infrastructure. As AI accelerates transformation across industries, it depends on the physical world - an invisible layer of the tech stack that provides the foundation for modern technology. Caterpillar builds, powers and now makes more intelligent the machines that enable that progress, from the equipment that mines for critical minerals used in semiconductors and batteries to machines used to construct roads, bridges, data centers and energy systems. At CES 2026, the company demonstrated how it is advancing Industrial AI, moving it from vision to reality. Introducing Cat AI Assistant: Turning Data into Decisions at the Jobsite: Caterpillar introduced Cat AI Assistant, a powerful AI solution that unifies Caterpillar's diverse portfolio of digital applications and high-quality data into one simple, conversational experience. Using Caterpillar's own trusted data stored on the Helios unified data platform, the Cat AI Assistant provides customers with reliable, context-rich information to make daily work easier. The goal is to help customers stay one step ahead from the office to the jobsite, and soon even into the cab of the machine. Caterpillar and NVIDIA announced an expanded collaboration aimed at accelerating an AI-enabled future including on-board AI features, AI agents at the scale of products and industries, as well as safer, leaner, more resilient production systems. The collaboration leverages NVIDIA AI Infrastructure and Caterpillar's century of building and maintaining the physical world to set a new standard for industrial innovation. Caterpillar highlighted how decades of leadership in autonomous mining equipment and support from AI will now revolutionize the construction industry. After more than 30 years of deploying autonomous machines in some of the world's most demanding mining environments, Caterpillar is expanding that expertise to the yellow iron seen on everyday construction sites. The company previewed five autonomous machines designed to operate safely and reliably in complex construction environments. Building the Future Starts with People: While technology is transforming operations, Creed reaffirmed the company's commitment to the most important part of the invisible layer of the tech stack - people. To ensure employees and customers are equipped to use advanced technologies as new roles emerge, Caterpillar is pledging $25 million over five years to launch a global innovation prize. The initiative will identify, test and scale solutions that help workers with the skills needed to thrive in an increasingly digital and autonomous environment.Declared Dividend • Jan 06Third quarter dividend of US$1.51 announcedShareholders will receive a dividend of US$1.51. Ex-date: 20th January 2026 Payment date: 19th February 2026 Dividend yield will be 1.0%, which is lower than the industry average of 2.2%. Payout Ratios Payout ratio: 30%. Cash payout ratio: 37%.お知らせ • Dec 11Caterpillar Inc. Maintains Quarterly Dividend, Payable on February 19, 2026Caterpillar Inc. voted to maintain the quarterly dividend of one dollar and fifty-one cents ($1.51) per share of common stock payable February 19, 2026, to shareholders of record at the close of business January 20, 2026.お知らせ • Oct 16Caterpillar Inc. to Report Q3, 2024 Results on Oct 30, 2024Caterpillar Inc. announced that they will report Q3, 2024 results at 5:30 AM, Central Daylight on Oct 30, 2024Declared Dividend • Oct 14Second quarter dividend of US$1.41 announcedShareholders will receive a dividend of US$1.41. Ex-date: 21st October 2024 Payment date: 20th November 2024 Dividend yield will be 1.9%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 8.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 4.2% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Oct 11Caterpillar Inc. Announces Appointment of Nazzic S. Keene as Independent Director, Effective November 1, 2024Caterpillar Inc. announced that Nazzic S. Keene, former chief executive officer of Science Applications International Corporation (SAIC), has been appointed to the Caterpillar board of directors, effective November 1, 2024. Keene will serve on Caterpillar's Nominating & Governance Committee and Compensation & Human Resources Committee. Keene, 64, retired in 2023 after four years as CEO and a director of SAIC, a multi-billion-dollar global company engaged in integrating information technology systems that manage engineering, large-scale IT modernization, and security, logistics, simulation and data analytics for government bodies. She was appointed to the position of CEO and elected as a director after having served as Chief Operating Officer of SAIC from 2017 to 2019 and as the President of Global Markets & Missions from 2013 to 2017. Ms. Keene is currently a director of Automatic Data Processing Inc. and ITT Inc.お知らせ • Oct 10Caterpillar Inc Announces Quarterly Dividend, Payable November 20, 2024The Board of Directors of Caterpillar Inc. voted to maintain the quarterly dividend of $1.41 per share of common stock, payable November 20, 2024, to shareholders of record at the close of business on October 21, 2024.お知らせ • Sep 17Caterpillar Inc Introduces Groundbreaking Dynamic Energy Transfer Solution for Battery and Diesel-Electric Mining EquipmentCaterpillar Inc. unveiled an innovative OEM-designed solution to help solve one of the most complex aspects of the mining industry's energy transition – energy management. Cat® Dynamic Energy Transfer (DET) is a fully Caterpillar-developed system that can transfer energy to both diesel-electric and battery-electric large mining trucks while they are working around a mine site. It can also charge a machine's batteries while operating with increased speed on grade, improving operational efficiency and machine uptime. The innovative Cat DET system provides the industry with options to support both near-term and long-term sustainability strategies. Cat DET is comprised of a series of integrated elements, including a power module that converts energy from a mine site's power source, an electrified rail system to transmit the energy and a machine system to transfer the energy to the truck's powertrain. The rail system is a highly deployable, mobile solution that can be customized to customers' specific site layouts, including high-speed and curved haul roads, enabling higher productivity. The connecting arm can be installed on either side of a truck and on multiple truck models, providing options to fit customers' specific operations. It can also be used on mature or developing sites, and it can be easily moved or expanded to allow maximum mine site coverage. Cat DET will integrate with the Cat MineStar Command for hauling solution, merging autonomy and electrification technologies to provide a holistic site solution.Reported Earnings • Aug 07Second quarter 2024 earnings released: EPS: US$5.50 (vs US$5.70 in 2Q 2023)Second quarter 2024 results: EPS: US$5.50 (down from US$5.70 in 2Q 2023). Revenue: US$16.7b (down 3.6% from 2Q 2023). Net income: US$2.68b (down 8.2% from 2Q 2023). Profit margin: 16% (in line with 2Q 2023). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.お知らせ • Jul 23Caterpillar Inc. to Report Q2, 2024 Results on Aug 06, 2024Caterpillar Inc. announced that they will report Q2, 2024 results on Aug 06, 2024Upcoming Dividend • Jul 15Upcoming dividend of US$1.41 per shareEligible shareholders must have bought the stock before 22 July 2024. Payment date: 20 August 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Swiss dividend payers (4.2%). Lower than average of industry peers (2.0%).Declared Dividend • Jun 17First quarter dividend of US$1.41 announcedShareholders will receive a dividend of US$1.41. Ex-date: 22nd July 2024 Payment date: 20th August 2024 Dividend yield will be 1.9%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 4.1% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jun 15Caterpillar Inc Raises the Quarterly Dividend, Payable August 20, 2024The Board of Directors of Caterpillar Inc. raised the quarterly dividend by eleven cents, an 8% increase, to $1.41 per share of common stock, payable August 20, 2024, to shareholders of record at the close of business on July 22, 2024.Valuation Update With 7 Day Price Move • Jun 13Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CHF258, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 21x in the Machinery industry in Switzerland. Total returns to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CHF450 per share.お知らせ • May 01Caterpillar Inc., Annual General Meeting, Jun 12, 2024Caterpillar Inc., Annual General Meeting, Jun 12, 2024, at 08:00 Central Standard Time. Agenda: To consider Election of 9 Directors; to consider Ratification of Independent Registered Public Accounting Firm; to consider Advisory Vote to Approve Executive Compensation; to consider Shareholder Proposal - Independent Board Chairman; to consider Shareholder Proposal - Lobbying Disclosure; to consider Shareholder Proposal - Director Board Service; and to consider other matters.お知らせ • Apr 26Caterpillar Inc. Provides Earnings Guidance for the Second Quarter and Full Year 2024Caterpillar Inc. provided earnings guidance for the second quarter and full year 2024. For the quarter, the company expected lower sales in the second quarter compared to the prior year as anticipate a headwind due to changes in dealer inventory of machines which will impact volumes. Company expected higher sales in the second quarter as compared to the first. For the year, the company expected 2024 sales and revenues to be broadly similar to the record 2023 level.Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: US$5.78 (vs US$3.76 in 1Q 2023)First quarter 2024 results: EPS: US$5.78 (up from US$3.76 in 1Q 2023). Revenue: US$15.8b (flat on 1Q 2023). Net income: US$2.86b (up 47% from 1Q 2023). Profit margin: 18% (up from 12% in 1Q 2023). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Declared Dividend • Apr 15Fourth quarter dividend of US$1.30 announcedShareholders will receive a dividend of US$1.30. Ex-date: 19th April 2024 Payment date: 20th May 2024 Dividend yield will be 1.5%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Apr 12Caterpillar Inc. to Report Q1, 2024 Results on Apr 25, 2024Caterpillar Inc. announced that they will report Q1, 2024 results at 5:30 AM, Central Standard Time on Apr 25, 2024お知らせ • Apr 10Caterpillar Inc. Announces Quarterly Dividend, Payable on May 20, 2024The Board of Directors of Caterpillar Inc. announced quarterly dividend of $1.30 per share of common stock, payable May 20, 2024, to shareholders of record at the close of business on April 22, 2024.お知らせ • Apr 03David L. Calhoun Not Stand Re-Election as Board of Director of Caterpillar IncOn April 1, 2024, David L. Calhoun communicated to the Board of Directors (the Board") of Caterpillar Inc. of his decision not to stand for re-election to the Board at the company's 2024 Annual Meeting of Shareholders.Valuation Update With 7 Day Price Move • Feb 17Investor sentiment improves as stock rises 31%After last week's 31% share price gain to CHF286, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Machinery industry in Switzerland. Total returns to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CHF201 per share.Buy Or Sell Opportunity • Feb 17Now 42% overvalued after recent price riseOver the last 90 days, the stock has risen 31% to CHF286. The fair value is estimated to be CHF201, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 35%. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings are forecast to decline by 0.2% per annum over the same time period.New Risk • Feb 16New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risks High level of debt (163% net debt to equity). Significant insider selling over the past 3 months (CHF8.2m sold).Recent Insider Transactions • Feb 07Chief Financial Officer recently sold CHF5.6m worth of stockOn the 5th of February, Andrew R. Bonfield sold around 20k shares on-market at roughly CHF280 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Andrew R. has been a net seller over the last 12 months, reducing personal holdings by CHF8.2m.Reported Earnings • Feb 05Full year 2023 earnings released: EPS: US$20.24 (vs US$12.73 in FY 2022)Full year 2023 results: EPS: US$20.24 (up from US$12.73 in FY 2022). Revenue: US$67.1b (up 13% from FY 2022). Net income: US$10.3b (up 54% from FY 2022). Profit margin: 15% (up from 11% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Jan 28Chief Financial Officer recently sold CHF2.6m worth of stockOn the 25th of January, Andrew R. Bonfield sold around 10k shares on-market at roughly CHF260 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Andrew R.'s only on-market trade for the last 12 months.お知らせ • Jan 23Caterpillar Inc. to Report Q4, 2023 Results on Feb 05, 2024Caterpillar Inc. announced that they will report Q4, 2023 results at 5:30 AM, Central Standard Time on Feb 05, 2024Upcoming Dividend • Jan 12Upcoming dividend of US$1.30 per share at 1.8% yieldEligible shareholders must have bought the stock before 19 January 2024. Payment date: 20 February 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Swiss dividend payers (4.1%). Lower than average of industry peers (2.3%).お知らせ • Dec 19Caterpillar Inc. Successfully Demonstrates to Newmont its Expanding Portfolio of Sustainable Underground Solutions and TechnologiesCaterpillar Inc. has successfully demonstrated its first battery electric prototype underground mining truck, growing its portfolio of battery electric and semi-autonomous technology for underground mining applications. The demonstration for Newmont and other industry leaders, at the company's proving ground in Tasmania, Australia, comes on the heels of the 793 battery electric prototype surface mining truck, which was unveiled in November of 2022. Caterpillar developed its first battery electric prototype underground Mining truck with voice of customer input and support from Newmont Corporation. The companies are collaborating to achieve Newmont's vision of a fully connected, automated, zero carbon emitting, end-to-end mining system. This battery electric truck will complete Caterpillar's first fully electric underground load and haul solution when paired with the commercially available R1700 XE battery electric loader. Caterpillar also completed a demonstration of its growing autonomy and automation capabilities. This technology addresses some of the key safety challenges faced daily by underground customers, like the risk of collision when moving heavy machinery through dark, cramped spaces. Autonomous trucks can help to enhance mine site safety by removing operators from potentially hazardous or remote sites. Additionally, these features can improve productivity by creating increased visibility for mine site coordinators, enabling more consistent operations for both staffed and autonomous machines. This demonstration is the latest example of Caterpillar's progress, developing more sustainable offerings for the mining industry, both on the surface and underground.お知らせ • Dec 16Caterpillar Inc Appoints Jason Kaiser as Group President of the Energy & Transportation Segment, Effective January 1, 2024Caterpillar Inc. announced that Jason Kaiser, senior vice president of the Electric Power Division, has been appointed to Group President of the Energy & Transportation (E&T) segment, effective January 1, 2024. In this role, Kaiser will have responsibility for the Rail Division, Solar Turbines, Large Power Systems Division, Industrial Power Systems Division, Electric Power Division (EPD), Caterpillar Oil & Gas and Marine Division (COGMD), Cat Reman® and Electrification and Energy Solutions Division. Since joining Caterpillar in 2000, Kaiser has held numerous roles in engineering, sales and operations with increasing responsibility across the electric power business. Kaiser graduated from Rose-Hulman Institute of Technology with a bachelor's degree in electrical engineering.お知らせ • Dec 13Caterpillar Inc. Announces Quarterly Dividend, Payable February 20, 2024The Board of Directors of Caterpillar Inc. voted to maintain the quarterly dividend of $1.30 per share of common stock, payable February 20, 2024, to shareholders of record at the close of business on January 22, 2024.Reported Earnings • Oct 31Third quarter 2023 earnings released: EPS: US$5.48 (vs US$3.89 in 3Q 2022)Third quarter 2023 results: EPS: US$5.48 (up from US$3.89 in 3Q 2022). Revenue: US$16.8b (up 12% from 3Q 2022). Net income: US$2.79b (up 37% from 3Q 2022). Profit margin: 17% (up from 14% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 18Caterpillar Inc. to Report Q3, 2023 Results on Oct 31, 2023Caterpillar Inc. announced that they will report Q3, 2023 results at 5:30 AM, Central Standard Time on Oct 31, 2023お知らせ • Oct 17Caterpillar Inc. Appoints Joseph E. Creed as Chief Operating OfficerCaterpillar Inc. announced that Joseph E. Creed, group president of Energy & Transportation, has been appointed to the newly created position of chief operating officer, effective Nov. 1, 2023. In this newly created position, Creed will report to Jim Umpleby, chairman and chief executive officer. Reporting to Creed will be group presidents Tony Fassino of Construction Industries, Denise Johnson of Resource Industries and Bob De Lange of Services, Distribution and Digital. Creed's replacement as group president of Energy & Transportation will be named at a later date and will also report to the chief operating officer. Andrew Bonfield, chief financial officer, Suzette Long, chief legal officer and, upon her retirement, her successor, Derek Owens and Cheryl Johnson, chief human resources officer will continue reporting to Umpleby. Creed joined Caterpillar in 1997 and has held numerous positions of increased responsibility across multiple divisions of Caterpillar. He was promoted to chief financial officer for Caterpillar's Energy & Transportation business segment in 2013, then to vice president of Caterpillar's Finance Services Division in 2017. Creed also served as interim chief financial officer for Caterpillar in 2018. He then became vice president of the Oil & Gas and Marine Division and the Electric Power Division. In 2021, he was promoted to group president of Energy & Transportation. Creed graduated from Western Illinois University with a bachelor's degree in accounting. He completed Caterpillar's flagship executive leadership program conducted by Stanford University specifically for Caterpillar leaders, dealers and suppliers. He is a certified public accountant. Creed serves on the Western Illinois University President'sNational Advisory Council, is an executive board member of the Caterpillar Foundation, and is the executive sponsor of the Caterpillar Employee Resource Group known as ADEPT (Abled and Disabled Employees Partnering Together). He is also a member of the board and past chairman for Easterseals of Central Illinois.お知らせ • Oct 14Caterpillar Inc. Announces Executive ChangesCaterpillar Inc. announced that George Moubayed, current senior vice president of the Enterprise Strategy Division, will assume additional responsibilities as the Chief Sustainability and Strategy Officer, effective January 1, 2024. Moubayed succeeds Chief Sustainability Officer Lou Balmer-Millar, who is retiring on December 31, 2023, after over 20 years of dedicated service. In his capacity as Chief Sustainability Officer, Moubayed will report directly to Chairman and CEO Jim Umpleby. Moubayed has held several leadership positions in more than 25 years with Caterpillar. Prior to his role within the Enterprise Strategy Division, he was vice president and general manager of load and haul products for Resource Industries, and previously served as vice president for aftermarket solutions for the segment. He has a bachelor's degree in engineering from McGill University in Montreal, Canada.お知らせ • Oct 12Caterpillar Inc. Announces Quarterly Dividend, Payable November 20, 2023The Board of Directors of Caterpillar Inc. to maintain the quarterly dividend of $1.30 per share of common stock, payable November 20, 2023, to shareholders of record at the close of business on October 23, 2023.Reported Earnings • Aug 01Second quarter 2023 earnings released: EPS: US$5.70 (vs US$3.15 in 2Q 2022)Second quarter 2023 results: EPS: US$5.70 (up from US$3.15 in 2Q 2022). Revenue: US$17.3b (up 22% from 2Q 2022). Net income: US$2.92b (up 75% from 2Q 2022). Profit margin: 17% (up from 12% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 12Upcoming dividend of US$1.30 per share at 2.1% yieldEligible shareholders must have bought the stock before 19 July 2023. Payment date: 18 August 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Swiss dividend payers (4.3%). In line with average of industry peers (2.3%).お知らせ • Jun 22Caterpillar Inc. Announces Executive ChangesCaterpillar Inc. announced Chief Legal Officer and General Counsel Suzette M. Long will retire on December 31, 2023, following a distinguished 18-year career at the company. Derek Owens, who currently serves as Vice President and Deputy General Counsel, will assume the role of Senior Vice President and General Counsel on July 1, 2023. Following a period of transition, he will become Chief Legal Officer and General Counsel effective January 1, 2024. Owens joined Caterpillar in 2019 as associate general counsel, litigation & investigations, after 15 years of increasing responsibility at the U.S. Attorney's Office of the Department of Justice where he last served as a deputy chief. At Caterpillar, Owens has led teams in various practice areas in the legal department with a focus on supporting the business goals and serving the customer. In his current role, Owens is responsible for overseeing and providing legal guidance for commercial and transactional matters for Services, Distribution & Digital, as well as enterprise-wide internal investigations, and tax and litigation matters. He received his juris doctorate from Santa Clara University School of Law and his bachelor's degree from the University of Wisconsin Oshkosh.お知らせ • Jun 15Caterpillar Inc. Declares Quarterly Dividend, Payable on August 18, 2023The Board of Directors of Caterpillar Inc. voted to raise the quarterly dividend by ten cents, an 8% increase, to one dollar and thirty cents ($1.30) per share of common stock, payable August 18, 2023, to shareholders of record at the close of business on July 20, 2023.Reported Earnings • Apr 28First quarter 2023 earnings released: EPS: US$3.76 (vs US$2.88 in 1Q 2022)First quarter 2023 results: EPS: US$3.76 (up from US$2.88 in 1Q 2022). Revenue: US$15.9b (up 17% from 1Q 2022). Net income: US$1.94b (up 26% from 1Q 2022). Profit margin: 12% (in line with 1Q 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 27% per year.Recent Insider Transactions • Feb 23Independent Director recently bought CHF93k worth of stockOn the 17th of February, David MacLennan bought around 400 shares on-market at roughly CHF231 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold CHF5.7m more in shares than they bought in the last 12 months.Recent Insider Transactions • Feb 09Independent Director recently sold CHF1.4m worth of stockOn the 6th of February, Daniel Dickinson sold around 6k shares on-market at roughly CHF233 per share. This transaction amounted to 55% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CHF4.1m more than they bought in the last 12 months.お知らせ • Feb 03Edward Rust Not to Stand for Re-Election to the Board of Caterpillar IncOn January 27, 2023, Edward Rust communicated to the Board of Directors of Caterpillar Inc. his decision not to stand for re-election to the Board at the company's 2023 Annual Meeting of Shareholders.お知らせ • Feb 02Caterpillar Inc. Announces Executive ChangesCaterpillar Inc. announced that Judith (Judy) Marks, Chair, CEO and President of Otis Worldwide Corporation, and James (Jim) Fish, Jr., President and CEO of Waste Management (WM), have been appointed to the Caterpillar board of directors, effective March 1, 2023. Marks will serve on Caterpillar's Audit Committee and Compensation and Human Resources Committee. Fish will serve on Caterpillar's Audit Committee and Sustainability & other Public Policy Committee. The company also announced that Edward (Ed) Rust will not stand for re-election at the 2023 Annual Shareholder Meeting. Marks, 59, has led Otis, the world's leading company for elevator and escalator manufacturing, installation and service, as President since 2017 and was named CEO in 2019. She has served as a director of Otis since 2020 and was appointed as Chair in 2022. In April 2020, Marks led the successful spin of Otis to an independent publicly traded company. Additionally, Marks prioritized and advanced Otis' sustainability program by embedding it into the company strategy as a key element to drive added value for all stakeholders. Prior to joining Otis, she held senior leadership roles at Siemens AG, Lockheed Martin and IBM. In addition to serving on the Otis board, Marks is on the AdvanceCT board and is a member of the Business Roundtable and Chair of its Trade and International Committee. Fish, 60, has served as President, CEO and a member of the board of WM, North America's largest comprehensive waste management environmental solutions provider, since 2016. Since assuming the role of CEO, Fish has shifted the company's sustainability strategy to focus on minimizing its environmental impact by reducing carbon emissions, investing in differentiated innovative technologies and automation, and expanding recycling and renewable energy infrastructure to help customers achieve their sustainability goals. Prior to this role, he served as the company's CFO beginning in 2012, and held several other key leadership positions since joining the company in 2001. Before his career at WM, Fish held multiple senior leadership positions at Westex, Trans World Airlines and America West Airlines. He began his professional career at KPMG Peat Marwick. Rust, 72, has been a Caterpillar director since 2003 and is the retired Chairman and CEO of State Farm Mutual Automobile Insurance Company. He also previously served as Caterpillar's presiding director and chaired its Public Policy and Governance Committee.Reported Earnings • Feb 01Full year 2022 earnings released: EPS: US$12.73 (vs US$11.93 in FY 2021)Full year 2022 results: EPS: US$12.73 (up from US$11.93 in FY 2021). Revenue: US$59.4b (up 17% from FY 2021). Net income: US$6.71b (up 3.3% from FY 2021). Profit margin: 11% (down from 13% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 16% per year.お知らせ • Feb 01Caterpillar Inc. Reports Impairment Charges for the Fourth Quarter Ended December 31, 2022Caterpillar Inc. reported impairment charges for the fourth quarter ended December 31, 2022. For the period, the company reported goodwill impairment charge of $925 million.お知らせ • Jan 18Caterpillar Inc. to Report Q4, 2022 Results on Jan 31, 2023Caterpillar Inc. announced that they will report Q4, 2022 results at 5:30 AM, Central Standard Time on Jan 31, 2023Upcoming Dividend • Jan 13Upcoming dividend of US$1.20 per shareEligible shareholders must have bought the stock before 19 January 2023. Payment date: 17 February 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Swiss dividend payers (4.1%). Lower than average of industry peers (2.5%).お知らせ • Dec 21Caterpillar Names Chief Sustainability Officer ChangesCaterpillar Inc. announced that Dr. Lou Balmer-Millar will assume responsibility for the Chief Sustainability Officer role in addition to her current responsibility as Senior Vice President of the Large Power Systems Division within the Energy and Transportation segment. Balmer-Millar succeeds Julie Lagacy, who was Caterpillar's first Chief Sustainability & Strategy officer and is retiring February 1, 2023, after nearly 35 years of dedicated service. In her capacity as Chief Sustainability Officer, Balmer-Millar will report directly to Chairman and CEO Jim Umpleby. Balmer-Millar has held several technical and business leadership positions of increased scope and responsibility over her 20-year career with Caterpillar. Prior to joining the company, she led materials and chemical engineering research efforts at the Environmental Molecular Science Laboratory of the Pacific Northwest National Laboratory. Balmer-Millar has a Ph.D. in Materials Science from the University of California, Santa Barbara and a Bachelor of Science in engineering from The Pennsylvania State University. Balmer-Millar will work with Lagacy to transition to the role in the first quarter of 2023.お知らせ • Dec 15Caterpillar Inc. Declares Quarterly Dividend, Payable on February 17, 2023The Board of Directors of Caterpillar Inc. to maintain the quarterly dividend of one dollar and twenty cents ($1.20) per share of common stock, payable February 17, 2023, to shareholders of record at the close of business on January 20, 2023.お知らせ • Nov 23Caterpillar Successfully Demonstrates First Battery Electric Large Mining Truck and Invests in Sustainable Proving GroundCaterpillar Inc. announced a successful demonstration of its first battery electric 793 large mining truck and a significant investment to transform its Arizona-based proving ground into a sustainable testing and validation hub of the future.Caterpillar completed development of its first battery electric 793 prototype with support from key mining customers participating in Caterpillar's Early Learner program. The Early Learner program launched in 2021 and focuses on accelerating the development and validation of Caterpillar's battery electric trucks at participating customers' sites. This approach supports the individual commitments each Early Learner participant has made to reduce and eliminate greenhouse gas emissions from their operations. A primary objective of the program is for Caterpillar to collaborate more closely with its customers as the industry undergoes transformational change through the energy transition. Early Learner customers came together to witness a live demonstration of Caterpillar's prototype battery truck on a seven-kilometer (4.3-mile) course. During the event, Caterpillar monitored over 1,100 data channels, gathering 110,000 data points per second, to validate simulation and engineering modeling capabilities. Fully loaded to its rated capacity, the truck achieved a top speed of 60 km/h (37.3 mph). The loaded truck traveled one kilometer (0.62 mile) up a 10% grade at 12 km/h (7.5 mph). The truck also performed a one kilometer (0.62 mile) run on a 10% downhill grade, capturing the energy that would normally be lost to heat and regenerating that energy to the battery. Upon completing the entire run, the truck maintained enough battery energy to perform additional complete cycles.Valuation Update With 7 Day Price Move • Nov 21Investor sentiment improved over the past weekAfter last week's 22% share price gain to CHF218, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Machinery industry in Switzerland. Total returns to shareholders of 61% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CHF203 per share.Recent Insider Transactions • Nov 16Chief Legal Officer & General Counsel recently sold CHF423k worth of stockOn the 11th of November, Suzette Long sold around 2k shares on-market at roughly CHF224 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CHF2.5m more than they bought in the last 12 months.Reported Earnings • Oct 27Third quarter 2022 earnings released: EPS: US$3.89 (vs US$2.62 in 3Q 2021)Third quarter 2022 results: EPS: US$3.89 (up from US$2.62 in 3Q 2021). Revenue: US$15.0b (up 21% from 3Q 2021). Net income: US$2.04b (up 43% from 3Q 2021). Profit margin: 14% (up from 12% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 14Caterpillar Inc. to Report Q3, 2022 Results on Oct 27, 2022Caterpillar Inc. announced that they will report Q3, 2022 results at 5:30 AM, Central Daylight on Oct 27, 2022お知らせ • Oct 13Caterpillar Inc. Maintains Quarterly Dividend of Common Stock, Payable November 18, 2022The Board of Directors of Caterpillar Inc. voted to maintain the quarterly dividend of one dollar and twenty cents ($1.20) per share of common stock, payable November 18, 2022, to shareholders of record at the close of business on October 24, 2022. Caterpillar has paid a cash dividend every year since the company was formed and has paid a quarterly dividend since 1933. With this dividend payment, Caterpillar will have paid higher annual dividends to shareholders for 29 consecutive years and is recognized as a member of the S&P 500 Dividend Aristocrat Index.お知らせ • Oct 06Caterpillar Expands Construction Industries Portfolio with Four Battery Electric MachinesCaterpillar will display four electric machine prototypes, including battery prototypes, at bauma 2022 October 24-30 in Munich, Germany. Caterpillar is focused on delivering purpose-built solutions to help customers achieve their sustainability goals by geography, by jobsite and specific customer need. One of many solutions, the battery electric machine prototypes include the 301.9 mini excavator, 320 medium excavator, 950 GC medium wheel loader and 906 compact wheel loader. The machines are powered by Caterpillar battery prototypes and include an onboard AC charger. The company also plans to offer an offboard DC fast charging option. The Caterpillar-designed batteries in these machines will also be available to power other industrial applications. Built on proven Caterpillar technology, the lithium-ion battery range features a modular design that offers flexible configurations across multiple applications. The batteries are engineered to be scalable to industry and customer performance needs and maximize sustainability throughout their lifecycle, including recycling and reuse at the end of life.Reported Earnings • Aug 03Second quarter 2022 earnings released: EPS: US$3.15 (vs US$2.58 in 2Q 2021)Second quarter 2022 results: EPS: US$3.15 (up from US$2.58 in 2Q 2021). Revenue: US$14.2b (up 11% from 2Q 2021). Net income: US$1.67b (up 18% from 2Q 2021). Profit margin: 12% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 9.4%, compared to a 10% growth forecast for the industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jul 20Caterpillar Inc. to Report Q2, 2022 Results on Aug 02, 2022Caterpillar Inc. announced that they will report Q2, 2022 results at 5:30 AM, Central Daylight on Aug 02, 2022Upcoming Dividend • Jul 12Upcoming dividend of US$1.20 per shareEligible shareholders must have bought the stock before 19 July 2022. Payment date: 19 August 2022. Payout ratio is a comfortable 37% and the cash payout ratio is 81%. Trailing yield: 2.5%. Lower than top quartile of Swiss dividend payers (4.1%). In line with average of industry peers (2.7%).Buying Opportunity • Jun 27Now 26% undervalued after recent price dropOver the last 90 days, the stock is down 1.6%. The fair value is estimated to be CHF244, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.9% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 18% in 2 years. Earnings is forecast to grow by 20% in the next 2 years.お知らせ • Jun 09Caterpillar Inc. Increases Dividend, Payable on August 19, 2022Caterpillar Inc. raised the quarterly cash dividend by nine cents, an 8% increase, to one dollar and twenty cents ($1.20) per share of common stock, payable August 19, 2022, to shareholders of record at the close of business on July 20, 2022.お知らせ • Jun 01Caterpillar to Launch Demonstration Project Using Hydrogen-Fueled Combined Heat and Power SystemCaterpillar Inc. announced a three-year project with Minnesota-based District Energy St. Paul to demonstrate a hydrogen-fueled combined heat and power (CHP) system. The project is supported and partially funded by the U.S. Department of Energy and backed by the National Renewable Energy Laboratory. This hydrogen demonstration project will enable to evaluate additional hydrogen fuel options for an existing energy-efficient engine, providing even more possibilities for helping customers meet their climate-related goals and objectives. Scheduled to start early next year, the demonstration project builds on Caterpillar's 35 years of experience with high-hydrogen fuel. The company currently offers a 1,250 kW Cat(R) generator set capable of operating on 100% hydrogen, including fully renewable green hydrogen, on a designed-to-order basis, as well as commercially available power generation solutions from 400 kW to 4.5 MW that can be configured to operate on natural gas blended with up to 25% hydrogen.Recent Insider Transactions • May 24Insider recently sold CHF583k worth of stockOn the 18th of May, Joseph Creed sold around 3k shares on-market at roughly CHF212 per share. In the last 3 months, there was an even bigger sale from another insider worth CHF849k. Insiders have been net sellers, collectively disposing of CHF3.0m more than they bought in the last 12 months.お知らせ • May 19Caterpillar Inc. (NYSE:CAT) announces an Equity Buyback for $15,000 million worth of its shares.Caterpillar Inc. (NYSE:CAT) announces a share repurchase program. Under the program, the company will repurchase up to $15,000 million worth of shares. The program has no expiration date.Recent Insider Transactions • May 08Independent Director recently bought CHF130k worth of stockOn the 5th of May, David MacLennan bought around 600 shares on-market at roughly CHF217 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold CHF2.4m more in shares than they bought in the last 12 months.お知らせ • May 06Endeavor Business Media, LLC acquired Microgrid Knowledge.Endeavor Business Media, LLC acquired Microgrid Knowledge on May 5, 2022. Tangent Energy Solutions will continue to offer services under the Tangent Energy brand and operate under Caterpillar's Electric Power Division. Endeavor Business Media, LLC completed the acquisition of Microgrid Knowledge on May 5, 2022.Reported Earnings • Apr 29First quarter 2022 earnings released: EPS: US$2.88 (vs US$2.80 in 1Q 2021)First quarter 2022 results: EPS: US$2.88 (up from US$2.80 in 1Q 2021). Revenue: US$13.6b (up 14% from 1Q 2021). Net income: US$1.54b (flat on 1Q 2021). Profit margin: 11% (down from 13% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 12%, compared to a 10% growth forecast for the industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Recent Insider Transactions • Apr 27Chief Legal Officer & General Counsel recently sold CHF849k worth of stockOn the 20th of April, Suzette Long sold around 4k shares on-market at roughly CHF222 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CHF2.5m more than they bought in the last 12 months.Recent Insider Transactions • Apr 23Chief Legal Officer & General Counsel recently sold CHF849k worth of stockOn the 20th of April, Suzette Long sold around 4k shares on-market at roughly CHF222 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CHF2.5m more than they bought in the last 12 months.お知らせ • Apr 15Caterpillar Inc. to Report Q1, 2022 Results on Apr 28, 2022Caterpillar Inc. announced that they will report Q1, 2022 results at 5:30 AM, Central Daylight on Apr 28, 2022株主還元CATCH MachineryCH 市場7D-0.3%1.6%0.6%1Yn/a-5.9%9.1%株主還元を見る業界別リターン: CATがSwiss Machinery業界に対してどのようなパフォーマンスを示したかを判断するにはデータが不十分です。リターン対市場: CAT Swiss市場に対してどのようなパフォーマンスを示したかを判断するにはデータが不十分です。価格変動Is CAT's price volatile compared to industry and market?CAT volatilityCAT Average Weekly Movement4.7%Machinery Industry Average Movement5.3%Market Average Movement4.5%10% most volatile stocks in CH Market8.2%10% least volatile stocks in CH Market2.4%安定した株価: CAT 、 Swiss市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 過去 1 年間のCATのボラティリティの変化を判断するには データが不十分です。会社概要設立従業員CEO（最高経営責任者ウェブサイト1925118,000Joe Creedwww.caterpillar.comキャタピラー社は、建設機械、鉱山機械、オフハイウェイ用ディーゼルエンジン、天然ガスエンジン、産業用ガスタービン、ディーゼル電気機関車を世界中で製造・販売している。建設産業部門は、アスファルト舗装機、コンパクター、道路開墾機、林業機械、コールドプレーナー、マテリアルハンドラー、トラック型トラクター、掘削機、テレハンドラー、モーターグレーダー、パイプレーター、コンパクトトラックローダー、ホイールローダー、トラックローダー、バックホウローダー、スキッドステアローダー、関連部品・工具を提供している。資源産業部門は、電気ロープショベル、油圧ショベル、ドラグライン、ロータリードリル、硬岩車、トラクター、採掘トラック、ホイールローダー、オフハイウェイおよび連結トラック、ホイールトラクタースクレーパーおよびドーザー、フリート管理製品、埋立地および土壌圧縮機、機械部品、自律走行車およびソリューション、作業工具、安全サービスおよび採掘性能ソリューション、ならびに関連部品およびサービスを提供している。エネルギー・運輸部門は、レシプロエンジン式発電機セット、レシプロエンジン、ドライブトレイン、統合システムとソリューション、タービン、遠心式ガスコンプレッサ、関連サービス、ディーゼル電気機関車とコンポーネント、その他の鉄道関連製品を提供している。金融製品部門は、オペレーティング・リースおよびファイナンス・リース、割賦販売契約、リボルビング・チャージ口座、修理・改造資金調達サービス、運転資金貸付、卸売資金調達、保険およびリスク管理商品・サービスを提供している。その他事業部門は、フィルター・流体、足回り、地上係合工具、流体移送製品、精密シール、ゴム製シール・接続部品、部品販売、物流ソリューション・物流サービス、ブランド管理・マーケティング戦略サービス、デジタル投資サービスを提供している。キャタピラー社は1925年に設立され、テキサス州アービングに本社を置いている。もっと見るCaterpillar Inc. 基礎のまとめCaterpillar の収益と売上を時価総額と比較するとどうか。CAT 基礎統計学時価総額CHF 314.84b収益（TTM）CHF 7.36b売上高(TTM)CHF 55.22b42.8xPER（株価収益率5.7xP/SレシオCAT は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計CAT 損益計算書（TTM）収益US$70.76b売上原価US$47.09b売上総利益US$20.24bその他の費用US$10.81b収益US$9.43b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）20.47グロス・マージン28.60%純利益率13.33%有利子負債／自己資本比率230.8%CAT の長期的なパフォーマンスは？過去の実績と比較を見る配当金0.7%現在の配当利回り30%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/31 03:43終値2026/05/29 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Caterpillar Inc. 19 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。62 アナリスト機関John EadeArgus Research CompanyMircea DobreBairdAdam SeidenBarclays59 その他のアナリストを表示
お知らせ • May 04Caterpillar Inc., Annual General Meeting, Jun 10, 2026Caterpillar Inc., Annual General Meeting, Jun 10, 2026.
Reported Earnings • May 02First quarter 2026 earnings released: EPS: US$5.50 (vs US$4.22 in 1Q 2025)First quarter 2026 results: EPS: US$5.50 (up from US$4.22 in 1Q 2025). Revenue: US$17.4b (up 22% from 1Q 2025). Net income: US$2.55b (up 27% from 1Q 2025). Profit margin: 15% (in line with 1Q 2025). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Apr 30Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 38% to CHF690. The fair value is estimated to be CHF570, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.5%.
お知らせ • Apr 16Caterpillar Inc. to Report Q1, 2026 Results on Apr 30, 2026Caterpillar Inc. announced that they will report Q1, 2026 results at 5:30 AM, Central Daylight on Apr 30, 2026
Declared Dividend • Apr 16Fourth quarter dividend of US$1.51 announcedShareholders will receive a dividend of US$1.51. Ex-date: 20th April 2026 Payment date: 19th May 2026 Dividend yield will be 0.8%, which is lower than the industry average of 2.2%. Payout Ratios Payout ratio: 31%. Cash payout ratio: 38%.
Upcoming Dividend • Apr 16Upcoming dividend of US$1.51 per shareEligible shareholders must have bought the stock before 20 April 2026. Payment date: 19 May 2026. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Swiss dividend payers (3.5%). Lower than average of industry peers (2.2%).
お知らせ • May 04Caterpillar Inc., Annual General Meeting, Jun 10, 2026Caterpillar Inc., Annual General Meeting, Jun 10, 2026.
Reported Earnings • May 02First quarter 2026 earnings released: EPS: US$5.50 (vs US$4.22 in 1Q 2025)First quarter 2026 results: EPS: US$5.50 (up from US$4.22 in 1Q 2025). Revenue: US$17.4b (up 22% from 1Q 2025). Net income: US$2.55b (up 27% from 1Q 2025). Profit margin: 15% (in line with 1Q 2025). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Apr 30Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 38% to CHF690. The fair value is estimated to be CHF570, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.5%.
お知らせ • Apr 16Caterpillar Inc. to Report Q1, 2026 Results on Apr 30, 2026Caterpillar Inc. announced that they will report Q1, 2026 results at 5:30 AM, Central Daylight on Apr 30, 2026
Declared Dividend • Apr 16Fourth quarter dividend of US$1.51 announcedShareholders will receive a dividend of US$1.51. Ex-date: 20th April 2026 Payment date: 19th May 2026 Dividend yield will be 0.8%, which is lower than the industry average of 2.2%. Payout Ratios Payout ratio: 31%. Cash payout ratio: 38%.
Upcoming Dividend • Apr 16Upcoming dividend of US$1.51 per shareEligible shareholders must have bought the stock before 20 April 2026. Payment date: 19 May 2026. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Swiss dividend payers (3.5%). Lower than average of industry peers (2.2%).
お知らせ • Apr 16Caterpillar Inc. (NYSE:CAT) acquired Zimeno Inc.Caterpillar Inc. (NYSE:CAT) acquired Zimeno Inc. on April 14, 2026. Caterpillar Inc. (NYSE:CAT) completed the acquisition of Zimeno Inc. on April 14, 2026.
お知らせ • Apr 10Caterpillar Inc. Announces Chief Financial Officer ChangesCaterpillar Inc. announced that Chief Financial Officer (CFO) Andrew Bonfield has elected to retire effective October 1, 2026, following eight years with the company. Caterpillar veteran Kyle Epley has been appointed CFO, effective May 1, 2026, at which time Bonfield will assume an advisory role for the remainder of the transition. Bonfield’s planned retirement follows a period of record financial performance and transformation for the company. During Bonfield's tenure, Caterpillar strengthened its robust operating and execution model and delivered consistently strong returns for shareholders, including the high full-year sales and revenues in Caterpillar's history and a single-quarter record of $19.1 billion for the fourth quarter of 2025. As part of a seamless transition, Bonfield will serve in an advisory role through October 1, 2026. Epley brings nearly three decades of Caterpillar experience to the role. Currently serving as senior vice president of Global Finance Services, he leads a global team managing enterprise-wide finance operations, strategy, planning, treasury, pricing, real estate and facilities. Throughout his career, Epley has held several senior finance leadership roles across the company, including division CFO and corporate controller, giving him extensive operational and financial insight across Caterpillar's diverse businesses.
お知らせ • Apr 08Caterpillar Inc. Maintains Quarterly Dividend on Common Stock, Payable on May 19, 2026The board of directors of Caterpillar Inc. voted to maintain the quarterly dividend of $1.51 per share of common stock, payable on May 19, 2026, to shareholders of record at the close of business April 20, 2026.
Recent Insider Transactions • Mar 09CEO & Director recently sold CHF1.4m worth of stockOn the 5th of March, Joseph Creed sold around 3k shares on-market at roughly CHF563 per share. This transaction amounted to 5.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CHF4.6m. This was Joseph's only on-market trade for the last 12 months.
お知らせ • Mar 03Caterpillar Transforms the Construction Worksite with Advanced Technology, Services and Solutions At Conexpo-Con/Agg 2026Caterpillar Inc. will showcase how it is helping customers solve their toughest challenges through advanced technology, service solutions and new products that improve productivity, enhance safety and address labor shortages. Construction Industries Group President Rod Shurman, Chief Technology Officer Jaime Mineart and Chief Digital Officer Ogi Redzic will spotlight how Caterpillar is tackling the industry's toughest challenges head-on, pushing boundaries and shaping the future of construction. Caterpillar will transform 70,000 square feet of CONEXPO's Festival Grounds into an outdoor Operator Stadium, where customers can see some of the world's best operators put the latest technologies to the test in real-world jobsite scenarios. The stadium will also offer hands-on experiences with technology, service and Cat Rentals. Demonstrations run daily at 9:30 a.m., 12:00 p.m. and 2:30 p.m. West Hall: Fast, Convenient Support for Small Contractors and Growing Customers: Deuting at CONEXPO, Cat Compact is a streamlined customer experience built for small contractors and growing businesses who value simplicity and speed. By blending digital discovery and online research with the trusted, in-person expertise of Cat dealers, Cat Compact reduces complexity at every step. Designed to support reliable, around-the-clock jobsite performance, the power solutions on display include new high-horsepower C3.6 and C13D engines. Engines and aftermarket offerings, such as condition monitoring, connectivity tools, and parts options, help customers protect uptime and get more from their equipment. Building on momentum from CES 2026, Caterpillar will showcase how Cat®? AI Assistant™? helps customers interact more easily with Cat equipment and digital tools. By reducing complexity and delivering timely answers and recommendations, Cat AI Assistant helps teams make faster, smarter decisions from the office to the jobsite. Caterpillar will also highlight its collaboration with Geotab Inc., which integrates on-highway data into VisionLink™?, enabling customers to manage their entire fleet through one platform. Attendees at Operator Stadium can watch Caterpillar's first autonomous soil compactor -- the Cat®? CS12 -- in action, in addition to Collision Mitigation, the newest solution in the Cat Detect portfolio. Live demonstrations from across the United States will showcase the latest advancements in remote operation and construction autonomy. Enhanced Customer Programs and Rental Solutions: Construction Industries Group President Rod ShURman, Chief Technology OfficerJa Mineart and Chief Digital OfficerOgi Redzic will spotlight where Caterpillar is enhancing its rewards, financing and service programs through Cat Rewards, the Cat Commercial Account and an upgraded Services Commitment that offers next-day parts, two-day repairs and Cat Credits when commitments aren't met. A refreshed Services Commitment that provides next-day parts and Cat Credits when commitment aren't met. A refreshed service commitment to the construction program is designed to support customers with AI and autonomy.
お知らせ • Feb 04Caterpillar Inc. (NYSE:CAT) completed the acquisition of RPMGlobal Holdings Limited (ASX:RUL).Caterpillar Inc. (NYSE:CAT) signed a non-binding indicative proposal to acquire RPMGlobal Holdings Limited (ASX:RUL) for AUD 1.1 billion on September 1, 2025. Caterpillar Inc. (NYSE:CAT) entered into Scheme Implementation Deed to acquire RPMGlobal Holdings Limited (ASX:RUL) on October 12, 2025. A cash consideration valued at AUD 5 per share will be paid by Caterpillar Inc. The break fee and reverse break fee has been set at AUD 10 million. The transaction is subject to consummation of due diligence investigation and definitive agreement. Implementation of the Scheme is subject to regulatory approvals from the Foreign Investment Review Board (FIRB) and the Australian Competition and Consumer Commission (ACCC), and other customary conditions, including RPM shareholder approval, Court approval, and there being no Material Adverse Change. The RPM Board unanimously recommend that RPM shareholders vote in favour of the Scheme. The transaction is expected to close on February 4, 2026. Australian Competition and Consumer Commission approved the transaction on December 18, 2025. As of December 19, 2025, the deal was approved by the shareholders of RPMGlobal. As of January 22, 2026, Treasurer of the Commonwealth of Australia that the Commonwealth Government has no objection to the Scheme under the Foreign Acquisitions and Takeovers Act 1975 (Cth). Accordingly, the Foreign Investment Approval condition contained in the Scheme Implementation Deed has been satisfied. As of February 3, 2026, the acquisition was approved by the Federal Court of Australia. Moelis Australia Securities Pty Ltd. acted as financial advisor for RPMGlobal Holdings Limited. Derek Pocock of Baker McKenzie LLP acted as legal advisor for RPMGlobal Holdings Limited. Peter Stirling of King & Wood Mallesons, Australia Branch acted as legal advisor to Caterpillar. J.P. Morgan Securities LLC is serving as Caterpillar's financial advisor for the transaction. Caterpillar Inc. (NYSE:CAT) completed the acquisition of RPMGlobal Holdings Limited (ASX:RUL) on February 4, 2026.
お知らせ • Jan 16Caterpillar Inc. to Report Q4, 2025 Results on Jan 29, 2026Caterpillar Inc. announced that they will report Q4, 2025 results at 5:30 AM, Central Standard Time on Jan 29, 2026
お知らせ • Jan 15Caterpillar Inc. Announces Executive Changes of Construction IndustriesCaterpillar Inc. announced that Tony Fassino, group president of Construction Industries, has elected to retire effective May 31, 2026, following 30 years with the company. Caterpillar veteran Rod Shurman has been appointed group president of Construction Industries effective February 1, 2026, at which time Fassino will become group president, retired, for the remainder of the transition. Fassino's experience across Caterpillar's global portfolio helped drive the design and introduction of new products, services and technology, the development of go-to-market and distribution strategies, and the implementation of operational excellence across an extensive manufacturing and supply base. He held a variety of positions worldwide, including his appointment to senior vice president of Building Construction Products (BCP) in 2018 and group president of Construction Industries in 2021. Fassino also held numerous external leadership roles with the Association of Equipment Manufacturers, the Associated Equipment Distributors Foundation, the United Way of the Greater Triangle, the FFA Foundation and is currently the 2025 – 2026 chair of the American Road & Transportation Builders Association. Shurman currently serves as senior vice president of Caterpillar's BCP division, where he provides global leadership of the compact, versatile construction machines and attachments business. In his new role, he will be responsible for Caterpillar's Construction Industries segment, which includes Earthmoving, Excavation, BCP, China Operation, Cat Rental & Used, Customer Solutions Core Regions and Customer Solutions Growth Regions divisions, as well as the Construction Industries Supply Management group. Since joining Caterpillar in 1997, Shurman has held positions of increasing responsibility in engineering, service and operations functions. He has served as senior vice president for Caterpillar's Oil & Gas as well as Electrification & Energy Solutions divisions. Shurman has a bachelor's degree in mechanical engineering from Purdue University.
お知らせ • Jan 07+ 2 more updatesCaterpillar Inc. Unveils AI-Powered Future and Invests in the Workforce Building ItCaterpillar Inc. unveiled a set of AI-powered and autonomous innovations that mark a major step forward for heavy industry, transforming machines into intelligent, connected systems that help customers build and power the world's critical infrastructure. As AI accelerates transformation across industries, it depends on the physical world - an invisible layer of the tech stack that provides the foundation for modern technology. Caterpillar builds, powers and now makes more intelligent the machines that enable that progress, from the equipment that mines for critical minerals used in semiconductors and batteries to machines used to construct roads, bridges, data centers and energy systems. At CES 2026, the company demonstrated how it is advancing Industrial AI, moving it from vision to reality. Introducing Cat AI Assistant: Turning Data into Decisions at the Jobsite: Caterpillar introduced Cat AI Assistant, a powerful AI solution that unifies Caterpillar's diverse portfolio of digital applications and high-quality data into one simple, conversational experience. Using Caterpillar's own trusted data stored on the Helios unified data platform, the Cat AI Assistant provides customers with reliable, context-rich information to make daily work easier. The goal is to help customers stay one step ahead from the office to the jobsite, and soon even into the cab of the machine. Caterpillar and NVIDIA announced an expanded collaboration aimed at accelerating an AI-enabled future including on-board AI features, AI agents at the scale of products and industries, as well as safer, leaner, more resilient production systems. The collaboration leverages NVIDIA AI Infrastructure and Caterpillar's century of building and maintaining the physical world to set a new standard for industrial innovation. Caterpillar highlighted how decades of leadership in autonomous mining equipment and support from AI will now revolutionize the construction industry. After more than 30 years of deploying autonomous machines in some of the world's most demanding mining environments, Caterpillar is expanding that expertise to the yellow iron seen on everyday construction sites. The company previewed five autonomous machines designed to operate safely and reliably in complex construction environments. Building the Future Starts with People: While technology is transforming operations, Creed reaffirmed the company's commitment to the most important part of the invisible layer of the tech stack - people. To ensure employees and customers are equipped to use advanced technologies as new roles emerge, Caterpillar is pledging $25 million over five years to launch a global innovation prize. The initiative will identify, test and scale solutions that help workers with the skills needed to thrive in an increasingly digital and autonomous environment.
Declared Dividend • Jan 06Third quarter dividend of US$1.51 announcedShareholders will receive a dividend of US$1.51. Ex-date: 20th January 2026 Payment date: 19th February 2026 Dividend yield will be 1.0%, which is lower than the industry average of 2.2%. Payout Ratios Payout ratio: 30%. Cash payout ratio: 37%.
お知らせ • Dec 11Caterpillar Inc. Maintains Quarterly Dividend, Payable on February 19, 2026Caterpillar Inc. voted to maintain the quarterly dividend of one dollar and fifty-one cents ($1.51) per share of common stock payable February 19, 2026, to shareholders of record at the close of business January 20, 2026.
お知らせ • Oct 16Caterpillar Inc. to Report Q3, 2024 Results on Oct 30, 2024Caterpillar Inc. announced that they will report Q3, 2024 results at 5:30 AM, Central Daylight on Oct 30, 2024
Declared Dividend • Oct 14Second quarter dividend of US$1.41 announcedShareholders will receive a dividend of US$1.41. Ex-date: 21st October 2024 Payment date: 20th November 2024 Dividend yield will be 1.9%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 8.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 4.2% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Oct 11Caterpillar Inc. Announces Appointment of Nazzic S. Keene as Independent Director, Effective November 1, 2024Caterpillar Inc. announced that Nazzic S. Keene, former chief executive officer of Science Applications International Corporation (SAIC), has been appointed to the Caterpillar board of directors, effective November 1, 2024. Keene will serve on Caterpillar's Nominating & Governance Committee and Compensation & Human Resources Committee. Keene, 64, retired in 2023 after four years as CEO and a director of SAIC, a multi-billion-dollar global company engaged in integrating information technology systems that manage engineering, large-scale IT modernization, and security, logistics, simulation and data analytics for government bodies. She was appointed to the position of CEO and elected as a director after having served as Chief Operating Officer of SAIC from 2017 to 2019 and as the President of Global Markets & Missions from 2013 to 2017. Ms. Keene is currently a director of Automatic Data Processing Inc. and ITT Inc.
お知らせ • Oct 10Caterpillar Inc Announces Quarterly Dividend, Payable November 20, 2024The Board of Directors of Caterpillar Inc. voted to maintain the quarterly dividend of $1.41 per share of common stock, payable November 20, 2024, to shareholders of record at the close of business on October 21, 2024.
お知らせ • Sep 17Caterpillar Inc Introduces Groundbreaking Dynamic Energy Transfer Solution for Battery and Diesel-Electric Mining EquipmentCaterpillar Inc. unveiled an innovative OEM-designed solution to help solve one of the most complex aspects of the mining industry's energy transition – energy management. Cat® Dynamic Energy Transfer (DET) is a fully Caterpillar-developed system that can transfer energy to both diesel-electric and battery-electric large mining trucks while they are working around a mine site. It can also charge a machine's batteries while operating with increased speed on grade, improving operational efficiency and machine uptime. The innovative Cat DET system provides the industry with options to support both near-term and long-term sustainability strategies. Cat DET is comprised of a series of integrated elements, including a power module that converts energy from a mine site's power source, an electrified rail system to transmit the energy and a machine system to transfer the energy to the truck's powertrain. The rail system is a highly deployable, mobile solution that can be customized to customers' specific site layouts, including high-speed and curved haul roads, enabling higher productivity. The connecting arm can be installed on either side of a truck and on multiple truck models, providing options to fit customers' specific operations. It can also be used on mature or developing sites, and it can be easily moved or expanded to allow maximum mine site coverage. Cat DET will integrate with the Cat MineStar Command for hauling solution, merging autonomy and electrification technologies to provide a holistic site solution.
Reported Earnings • Aug 07Second quarter 2024 earnings released: EPS: US$5.50 (vs US$5.70 in 2Q 2023)Second quarter 2024 results: EPS: US$5.50 (down from US$5.70 in 2Q 2023). Revenue: US$16.7b (down 3.6% from 2Q 2023). Net income: US$2.68b (down 8.2% from 2Q 2023). Profit margin: 16% (in line with 2Q 2023). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
お知らせ • Jul 23Caterpillar Inc. to Report Q2, 2024 Results on Aug 06, 2024Caterpillar Inc. announced that they will report Q2, 2024 results on Aug 06, 2024
Upcoming Dividend • Jul 15Upcoming dividend of US$1.41 per shareEligible shareholders must have bought the stock before 22 July 2024. Payment date: 20 August 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Swiss dividend payers (4.2%). Lower than average of industry peers (2.0%).
Declared Dividend • Jun 17First quarter dividend of US$1.41 announcedShareholders will receive a dividend of US$1.41. Ex-date: 22nd July 2024 Payment date: 20th August 2024 Dividend yield will be 1.9%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 4.1% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 15Caterpillar Inc Raises the Quarterly Dividend, Payable August 20, 2024The Board of Directors of Caterpillar Inc. raised the quarterly dividend by eleven cents, an 8% increase, to $1.41 per share of common stock, payable August 20, 2024, to shareholders of record at the close of business on July 22, 2024.
Valuation Update With 7 Day Price Move • Jun 13Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CHF258, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 21x in the Machinery industry in Switzerland. Total returns to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CHF450 per share.
お知らせ • May 01Caterpillar Inc., Annual General Meeting, Jun 12, 2024Caterpillar Inc., Annual General Meeting, Jun 12, 2024, at 08:00 Central Standard Time. Agenda: To consider Election of 9 Directors; to consider Ratification of Independent Registered Public Accounting Firm; to consider Advisory Vote to Approve Executive Compensation; to consider Shareholder Proposal - Independent Board Chairman; to consider Shareholder Proposal - Lobbying Disclosure; to consider Shareholder Proposal - Director Board Service; and to consider other matters.
お知らせ • Apr 26Caterpillar Inc. Provides Earnings Guidance for the Second Quarter and Full Year 2024Caterpillar Inc. provided earnings guidance for the second quarter and full year 2024. For the quarter, the company expected lower sales in the second quarter compared to the prior year as anticipate a headwind due to changes in dealer inventory of machines which will impact volumes. Company expected higher sales in the second quarter as compared to the first. For the year, the company expected 2024 sales and revenues to be broadly similar to the record 2023 level.
Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: US$5.78 (vs US$3.76 in 1Q 2023)First quarter 2024 results: EPS: US$5.78 (up from US$3.76 in 1Q 2023). Revenue: US$15.8b (flat on 1Q 2023). Net income: US$2.86b (up 47% from 1Q 2023). Profit margin: 18% (up from 12% in 1Q 2023). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Apr 15Fourth quarter dividend of US$1.30 announcedShareholders will receive a dividend of US$1.30. Ex-date: 19th April 2024 Payment date: 20th May 2024 Dividend yield will be 1.5%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 12Caterpillar Inc. to Report Q1, 2024 Results on Apr 25, 2024Caterpillar Inc. announced that they will report Q1, 2024 results at 5:30 AM, Central Standard Time on Apr 25, 2024
お知らせ • Apr 10Caterpillar Inc. Announces Quarterly Dividend, Payable on May 20, 2024The Board of Directors of Caterpillar Inc. announced quarterly dividend of $1.30 per share of common stock, payable May 20, 2024, to shareholders of record at the close of business on April 22, 2024.
お知らせ • Apr 03David L. Calhoun Not Stand Re-Election as Board of Director of Caterpillar IncOn April 1, 2024, David L. Calhoun communicated to the Board of Directors (the Board") of Caterpillar Inc. of his decision not to stand for re-election to the Board at the company's 2024 Annual Meeting of Shareholders.
Valuation Update With 7 Day Price Move • Feb 17Investor sentiment improves as stock rises 31%After last week's 31% share price gain to CHF286, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Machinery industry in Switzerland. Total returns to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CHF201 per share.
Buy Or Sell Opportunity • Feb 17Now 42% overvalued after recent price riseOver the last 90 days, the stock has risen 31% to CHF286. The fair value is estimated to be CHF201, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 35%. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings are forecast to decline by 0.2% per annum over the same time period.
New Risk • Feb 16New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risks High level of debt (163% net debt to equity). Significant insider selling over the past 3 months (CHF8.2m sold).
Recent Insider Transactions • Feb 07Chief Financial Officer recently sold CHF5.6m worth of stockOn the 5th of February, Andrew R. Bonfield sold around 20k shares on-market at roughly CHF280 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Andrew R. has been a net seller over the last 12 months, reducing personal holdings by CHF8.2m.
Reported Earnings • Feb 05Full year 2023 earnings released: EPS: US$20.24 (vs US$12.73 in FY 2022)Full year 2023 results: EPS: US$20.24 (up from US$12.73 in FY 2022). Revenue: US$67.1b (up 13% from FY 2022). Net income: US$10.3b (up 54% from FY 2022). Profit margin: 15% (up from 11% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Jan 28Chief Financial Officer recently sold CHF2.6m worth of stockOn the 25th of January, Andrew R. Bonfield sold around 10k shares on-market at roughly CHF260 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Andrew R.'s only on-market trade for the last 12 months.
お知らせ • Jan 23Caterpillar Inc. to Report Q4, 2023 Results on Feb 05, 2024Caterpillar Inc. announced that they will report Q4, 2023 results at 5:30 AM, Central Standard Time on Feb 05, 2024
Upcoming Dividend • Jan 12Upcoming dividend of US$1.30 per share at 1.8% yieldEligible shareholders must have bought the stock before 19 January 2024. Payment date: 20 February 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Swiss dividend payers (4.1%). Lower than average of industry peers (2.3%).
お知らせ • Dec 19Caterpillar Inc. Successfully Demonstrates to Newmont its Expanding Portfolio of Sustainable Underground Solutions and TechnologiesCaterpillar Inc. has successfully demonstrated its first battery electric prototype underground mining truck, growing its portfolio of battery electric and semi-autonomous technology for underground mining applications. The demonstration for Newmont and other industry leaders, at the company's proving ground in Tasmania, Australia, comes on the heels of the 793 battery electric prototype surface mining truck, which was unveiled in November of 2022. Caterpillar developed its first battery electric prototype underground Mining truck with voice of customer input and support from Newmont Corporation. The companies are collaborating to achieve Newmont's vision of a fully connected, automated, zero carbon emitting, end-to-end mining system. This battery electric truck will complete Caterpillar's first fully electric underground load and haul solution when paired with the commercially available R1700 XE battery electric loader. Caterpillar also completed a demonstration of its growing autonomy and automation capabilities. This technology addresses some of the key safety challenges faced daily by underground customers, like the risk of collision when moving heavy machinery through dark, cramped spaces. Autonomous trucks can help to enhance mine site safety by removing operators from potentially hazardous or remote sites. Additionally, these features can improve productivity by creating increased visibility for mine site coordinators, enabling more consistent operations for both staffed and autonomous machines. This demonstration is the latest example of Caterpillar's progress, developing more sustainable offerings for the mining industry, both on the surface and underground.
お知らせ • Dec 16Caterpillar Inc Appoints Jason Kaiser as Group President of the Energy & Transportation Segment, Effective January 1, 2024Caterpillar Inc. announced that Jason Kaiser, senior vice president of the Electric Power Division, has been appointed to Group President of the Energy & Transportation (E&T) segment, effective January 1, 2024. In this role, Kaiser will have responsibility for the Rail Division, Solar Turbines, Large Power Systems Division, Industrial Power Systems Division, Electric Power Division (EPD), Caterpillar Oil & Gas and Marine Division (COGMD), Cat Reman® and Electrification and Energy Solutions Division. Since joining Caterpillar in 2000, Kaiser has held numerous roles in engineering, sales and operations with increasing responsibility across the electric power business. Kaiser graduated from Rose-Hulman Institute of Technology with a bachelor's degree in electrical engineering.
お知らせ • Dec 13Caterpillar Inc. Announces Quarterly Dividend, Payable February 20, 2024The Board of Directors of Caterpillar Inc. voted to maintain the quarterly dividend of $1.30 per share of common stock, payable February 20, 2024, to shareholders of record at the close of business on January 22, 2024.
Reported Earnings • Oct 31Third quarter 2023 earnings released: EPS: US$5.48 (vs US$3.89 in 3Q 2022)Third quarter 2023 results: EPS: US$5.48 (up from US$3.89 in 3Q 2022). Revenue: US$16.8b (up 12% from 3Q 2022). Net income: US$2.79b (up 37% from 3Q 2022). Profit margin: 17% (up from 14% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 18Caterpillar Inc. to Report Q3, 2023 Results on Oct 31, 2023Caterpillar Inc. announced that they will report Q3, 2023 results at 5:30 AM, Central Standard Time on Oct 31, 2023
お知らせ • Oct 17Caterpillar Inc. Appoints Joseph E. Creed as Chief Operating OfficerCaterpillar Inc. announced that Joseph E. Creed, group president of Energy & Transportation, has been appointed to the newly created position of chief operating officer, effective Nov. 1, 2023. In this newly created position, Creed will report to Jim Umpleby, chairman and chief executive officer. Reporting to Creed will be group presidents Tony Fassino of Construction Industries, Denise Johnson of Resource Industries and Bob De Lange of Services, Distribution and Digital. Creed's replacement as group president of Energy & Transportation will be named at a later date and will also report to the chief operating officer. Andrew Bonfield, chief financial officer, Suzette Long, chief legal officer and, upon her retirement, her successor, Derek Owens and Cheryl Johnson, chief human resources officer will continue reporting to Umpleby. Creed joined Caterpillar in 1997 and has held numerous positions of increased responsibility across multiple divisions of Caterpillar. He was promoted to chief financial officer for Caterpillar's Energy & Transportation business segment in 2013, then to vice president of Caterpillar's Finance Services Division in 2017. Creed also served as interim chief financial officer for Caterpillar in 2018. He then became vice president of the Oil & Gas and Marine Division and the Electric Power Division. In 2021, he was promoted to group president of Energy & Transportation. Creed graduated from Western Illinois University with a bachelor's degree in accounting. He completed Caterpillar's flagship executive leadership program conducted by Stanford University specifically for Caterpillar leaders, dealers and suppliers. He is a certified public accountant. Creed serves on the Western Illinois University President'sNational Advisory Council, is an executive board member of the Caterpillar Foundation, and is the executive sponsor of the Caterpillar Employee Resource Group known as ADEPT (Abled and Disabled Employees Partnering Together). He is also a member of the board and past chairman for Easterseals of Central Illinois.
お知らせ • Oct 14Caterpillar Inc. Announces Executive ChangesCaterpillar Inc. announced that George Moubayed, current senior vice president of the Enterprise Strategy Division, will assume additional responsibilities as the Chief Sustainability and Strategy Officer, effective January 1, 2024. Moubayed succeeds Chief Sustainability Officer Lou Balmer-Millar, who is retiring on December 31, 2023, after over 20 years of dedicated service. In his capacity as Chief Sustainability Officer, Moubayed will report directly to Chairman and CEO Jim Umpleby. Moubayed has held several leadership positions in more than 25 years with Caterpillar. Prior to his role within the Enterprise Strategy Division, he was vice president and general manager of load and haul products for Resource Industries, and previously served as vice president for aftermarket solutions for the segment. He has a bachelor's degree in engineering from McGill University in Montreal, Canada.
お知らせ • Oct 12Caterpillar Inc. Announces Quarterly Dividend, Payable November 20, 2023The Board of Directors of Caterpillar Inc. to maintain the quarterly dividend of $1.30 per share of common stock, payable November 20, 2023, to shareholders of record at the close of business on October 23, 2023.
Reported Earnings • Aug 01Second quarter 2023 earnings released: EPS: US$5.70 (vs US$3.15 in 2Q 2022)Second quarter 2023 results: EPS: US$5.70 (up from US$3.15 in 2Q 2022). Revenue: US$17.3b (up 22% from 2Q 2022). Net income: US$2.92b (up 75% from 2Q 2022). Profit margin: 17% (up from 12% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 12Upcoming dividend of US$1.30 per share at 2.1% yieldEligible shareholders must have bought the stock before 19 July 2023. Payment date: 18 August 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Swiss dividend payers (4.3%). In line with average of industry peers (2.3%).
お知らせ • Jun 22Caterpillar Inc. Announces Executive ChangesCaterpillar Inc. announced Chief Legal Officer and General Counsel Suzette M. Long will retire on December 31, 2023, following a distinguished 18-year career at the company. Derek Owens, who currently serves as Vice President and Deputy General Counsel, will assume the role of Senior Vice President and General Counsel on July 1, 2023. Following a period of transition, he will become Chief Legal Officer and General Counsel effective January 1, 2024. Owens joined Caterpillar in 2019 as associate general counsel, litigation & investigations, after 15 years of increasing responsibility at the U.S. Attorney's Office of the Department of Justice where he last served as a deputy chief. At Caterpillar, Owens has led teams in various practice areas in the legal department with a focus on supporting the business goals and serving the customer. In his current role, Owens is responsible for overseeing and providing legal guidance for commercial and transactional matters for Services, Distribution & Digital, as well as enterprise-wide internal investigations, and tax and litigation matters. He received his juris doctorate from Santa Clara University School of Law and his bachelor's degree from the University of Wisconsin Oshkosh.
お知らせ • Jun 15Caterpillar Inc. Declares Quarterly Dividend, Payable on August 18, 2023The Board of Directors of Caterpillar Inc. voted to raise the quarterly dividend by ten cents, an 8% increase, to one dollar and thirty cents ($1.30) per share of common stock, payable August 18, 2023, to shareholders of record at the close of business on July 20, 2023.
Reported Earnings • Apr 28First quarter 2023 earnings released: EPS: US$3.76 (vs US$2.88 in 1Q 2022)First quarter 2023 results: EPS: US$3.76 (up from US$2.88 in 1Q 2022). Revenue: US$15.9b (up 17% from 1Q 2022). Net income: US$1.94b (up 26% from 1Q 2022). Profit margin: 12% (in line with 1Q 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 27% per year.
Recent Insider Transactions • Feb 23Independent Director recently bought CHF93k worth of stockOn the 17th of February, David MacLennan bought around 400 shares on-market at roughly CHF231 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold CHF5.7m more in shares than they bought in the last 12 months.
Recent Insider Transactions • Feb 09Independent Director recently sold CHF1.4m worth of stockOn the 6th of February, Daniel Dickinson sold around 6k shares on-market at roughly CHF233 per share. This transaction amounted to 55% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CHF4.1m more than they bought in the last 12 months.
お知らせ • Feb 03Edward Rust Not to Stand for Re-Election to the Board of Caterpillar IncOn January 27, 2023, Edward Rust communicated to the Board of Directors of Caterpillar Inc. his decision not to stand for re-election to the Board at the company's 2023 Annual Meeting of Shareholders.
お知らせ • Feb 02Caterpillar Inc. Announces Executive ChangesCaterpillar Inc. announced that Judith (Judy) Marks, Chair, CEO and President of Otis Worldwide Corporation, and James (Jim) Fish, Jr., President and CEO of Waste Management (WM), have been appointed to the Caterpillar board of directors, effective March 1, 2023. Marks will serve on Caterpillar's Audit Committee and Compensation and Human Resources Committee. Fish will serve on Caterpillar's Audit Committee and Sustainability & other Public Policy Committee. The company also announced that Edward (Ed) Rust will not stand for re-election at the 2023 Annual Shareholder Meeting. Marks, 59, has led Otis, the world's leading company for elevator and escalator manufacturing, installation and service, as President since 2017 and was named CEO in 2019. She has served as a director of Otis since 2020 and was appointed as Chair in 2022. In April 2020, Marks led the successful spin of Otis to an independent publicly traded company. Additionally, Marks prioritized and advanced Otis' sustainability program by embedding it into the company strategy as a key element to drive added value for all stakeholders. Prior to joining Otis, she held senior leadership roles at Siemens AG, Lockheed Martin and IBM. In addition to serving on the Otis board, Marks is on the AdvanceCT board and is a member of the Business Roundtable and Chair of its Trade and International Committee. Fish, 60, has served as President, CEO and a member of the board of WM, North America's largest comprehensive waste management environmental solutions provider, since 2016. Since assuming the role of CEO, Fish has shifted the company's sustainability strategy to focus on minimizing its environmental impact by reducing carbon emissions, investing in differentiated innovative technologies and automation, and expanding recycling and renewable energy infrastructure to help customers achieve their sustainability goals. Prior to this role, he served as the company's CFO beginning in 2012, and held several other key leadership positions since joining the company in 2001. Before his career at WM, Fish held multiple senior leadership positions at Westex, Trans World Airlines and America West Airlines. He began his professional career at KPMG Peat Marwick. Rust, 72, has been a Caterpillar director since 2003 and is the retired Chairman and CEO of State Farm Mutual Automobile Insurance Company. He also previously served as Caterpillar's presiding director and chaired its Public Policy and Governance Committee.
Reported Earnings • Feb 01Full year 2022 earnings released: EPS: US$12.73 (vs US$11.93 in FY 2021)Full year 2022 results: EPS: US$12.73 (up from US$11.93 in FY 2021). Revenue: US$59.4b (up 17% from FY 2021). Net income: US$6.71b (up 3.3% from FY 2021). Profit margin: 11% (down from 13% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 16% per year.
お知らせ • Feb 01Caterpillar Inc. Reports Impairment Charges for the Fourth Quarter Ended December 31, 2022Caterpillar Inc. reported impairment charges for the fourth quarter ended December 31, 2022. For the period, the company reported goodwill impairment charge of $925 million.
お知らせ • Jan 18Caterpillar Inc. to Report Q4, 2022 Results on Jan 31, 2023Caterpillar Inc. announced that they will report Q4, 2022 results at 5:30 AM, Central Standard Time on Jan 31, 2023
Upcoming Dividend • Jan 13Upcoming dividend of US$1.20 per shareEligible shareholders must have bought the stock before 19 January 2023. Payment date: 17 February 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Swiss dividend payers (4.1%). Lower than average of industry peers (2.5%).
お知らせ • Dec 21Caterpillar Names Chief Sustainability Officer ChangesCaterpillar Inc. announced that Dr. Lou Balmer-Millar will assume responsibility for the Chief Sustainability Officer role in addition to her current responsibility as Senior Vice President of the Large Power Systems Division within the Energy and Transportation segment. Balmer-Millar succeeds Julie Lagacy, who was Caterpillar's first Chief Sustainability & Strategy officer and is retiring February 1, 2023, after nearly 35 years of dedicated service. In her capacity as Chief Sustainability Officer, Balmer-Millar will report directly to Chairman and CEO Jim Umpleby. Balmer-Millar has held several technical and business leadership positions of increased scope and responsibility over her 20-year career with Caterpillar. Prior to joining the company, she led materials and chemical engineering research efforts at the Environmental Molecular Science Laboratory of the Pacific Northwest National Laboratory. Balmer-Millar has a Ph.D. in Materials Science from the University of California, Santa Barbara and a Bachelor of Science in engineering from The Pennsylvania State University. Balmer-Millar will work with Lagacy to transition to the role in the first quarter of 2023.
お知らせ • Dec 15Caterpillar Inc. Declares Quarterly Dividend, Payable on February 17, 2023The Board of Directors of Caterpillar Inc. to maintain the quarterly dividend of one dollar and twenty cents ($1.20) per share of common stock, payable February 17, 2023, to shareholders of record at the close of business on January 20, 2023.
お知らせ • Nov 23Caterpillar Successfully Demonstrates First Battery Electric Large Mining Truck and Invests in Sustainable Proving GroundCaterpillar Inc. announced a successful demonstration of its first battery electric 793 large mining truck and a significant investment to transform its Arizona-based proving ground into a sustainable testing and validation hub of the future.Caterpillar completed development of its first battery electric 793 prototype with support from key mining customers participating in Caterpillar's Early Learner program. The Early Learner program launched in 2021 and focuses on accelerating the development and validation of Caterpillar's battery electric trucks at participating customers' sites. This approach supports the individual commitments each Early Learner participant has made to reduce and eliminate greenhouse gas emissions from their operations. A primary objective of the program is for Caterpillar to collaborate more closely with its customers as the industry undergoes transformational change through the energy transition. Early Learner customers came together to witness a live demonstration of Caterpillar's prototype battery truck on a seven-kilometer (4.3-mile) course. During the event, Caterpillar monitored over 1,100 data channels, gathering 110,000 data points per second, to validate simulation and engineering modeling capabilities. Fully loaded to its rated capacity, the truck achieved a top speed of 60 km/h (37.3 mph). The loaded truck traveled one kilometer (0.62 mile) up a 10% grade at 12 km/h (7.5 mph). The truck also performed a one kilometer (0.62 mile) run on a 10% downhill grade, capturing the energy that would normally be lost to heat and regenerating that energy to the battery. Upon completing the entire run, the truck maintained enough battery energy to perform additional complete cycles.
Valuation Update With 7 Day Price Move • Nov 21Investor sentiment improved over the past weekAfter last week's 22% share price gain to CHF218, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Machinery industry in Switzerland. Total returns to shareholders of 61% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CHF203 per share.
Recent Insider Transactions • Nov 16Chief Legal Officer & General Counsel recently sold CHF423k worth of stockOn the 11th of November, Suzette Long sold around 2k shares on-market at roughly CHF224 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CHF2.5m more than they bought in the last 12 months.
Reported Earnings • Oct 27Third quarter 2022 earnings released: EPS: US$3.89 (vs US$2.62 in 3Q 2021)Third quarter 2022 results: EPS: US$3.89 (up from US$2.62 in 3Q 2021). Revenue: US$15.0b (up 21% from 3Q 2021). Net income: US$2.04b (up 43% from 3Q 2021). Profit margin: 14% (up from 12% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 14Caterpillar Inc. to Report Q3, 2022 Results on Oct 27, 2022Caterpillar Inc. announced that they will report Q3, 2022 results at 5:30 AM, Central Daylight on Oct 27, 2022
お知らせ • Oct 13Caterpillar Inc. Maintains Quarterly Dividend of Common Stock, Payable November 18, 2022The Board of Directors of Caterpillar Inc. voted to maintain the quarterly dividend of one dollar and twenty cents ($1.20) per share of common stock, payable November 18, 2022, to shareholders of record at the close of business on October 24, 2022. Caterpillar has paid a cash dividend every year since the company was formed and has paid a quarterly dividend since 1933. With this dividend payment, Caterpillar will have paid higher annual dividends to shareholders for 29 consecutive years and is recognized as a member of the S&P 500 Dividend Aristocrat Index.
お知らせ • Oct 06Caterpillar Expands Construction Industries Portfolio with Four Battery Electric MachinesCaterpillar will display four electric machine prototypes, including battery prototypes, at bauma 2022 October 24-30 in Munich, Germany. Caterpillar is focused on delivering purpose-built solutions to help customers achieve their sustainability goals by geography, by jobsite and specific customer need. One of many solutions, the battery electric machine prototypes include the 301.9 mini excavator, 320 medium excavator, 950 GC medium wheel loader and 906 compact wheel loader. The machines are powered by Caterpillar battery prototypes and include an onboard AC charger. The company also plans to offer an offboard DC fast charging option. The Caterpillar-designed batteries in these machines will also be available to power other industrial applications. Built on proven Caterpillar technology, the lithium-ion battery range features a modular design that offers flexible configurations across multiple applications. The batteries are engineered to be scalable to industry and customer performance needs and maximize sustainability throughout their lifecycle, including recycling and reuse at the end of life.
Reported Earnings • Aug 03Second quarter 2022 earnings released: EPS: US$3.15 (vs US$2.58 in 2Q 2021)Second quarter 2022 results: EPS: US$3.15 (up from US$2.58 in 2Q 2021). Revenue: US$14.2b (up 11% from 2Q 2021). Net income: US$1.67b (up 18% from 2Q 2021). Profit margin: 12% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 9.4%, compared to a 10% growth forecast for the industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jul 20Caterpillar Inc. to Report Q2, 2022 Results on Aug 02, 2022Caterpillar Inc. announced that they will report Q2, 2022 results at 5:30 AM, Central Daylight on Aug 02, 2022
Upcoming Dividend • Jul 12Upcoming dividend of US$1.20 per shareEligible shareholders must have bought the stock before 19 July 2022. Payment date: 19 August 2022. Payout ratio is a comfortable 37% and the cash payout ratio is 81%. Trailing yield: 2.5%. Lower than top quartile of Swiss dividend payers (4.1%). In line with average of industry peers (2.7%).
Buying Opportunity • Jun 27Now 26% undervalued after recent price dropOver the last 90 days, the stock is down 1.6%. The fair value is estimated to be CHF244, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.9% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 18% in 2 years. Earnings is forecast to grow by 20% in the next 2 years.
お知らせ • Jun 09Caterpillar Inc. Increases Dividend, Payable on August 19, 2022Caterpillar Inc. raised the quarterly cash dividend by nine cents, an 8% increase, to one dollar and twenty cents ($1.20) per share of common stock, payable August 19, 2022, to shareholders of record at the close of business on July 20, 2022.
お知らせ • Jun 01Caterpillar to Launch Demonstration Project Using Hydrogen-Fueled Combined Heat and Power SystemCaterpillar Inc. announced a three-year project with Minnesota-based District Energy St. Paul to demonstrate a hydrogen-fueled combined heat and power (CHP) system. The project is supported and partially funded by the U.S. Department of Energy and backed by the National Renewable Energy Laboratory. This hydrogen demonstration project will enable to evaluate additional hydrogen fuel options for an existing energy-efficient engine, providing even more possibilities for helping customers meet their climate-related goals and objectives. Scheduled to start early next year, the demonstration project builds on Caterpillar's 35 years of experience with high-hydrogen fuel. The company currently offers a 1,250 kW Cat(R) generator set capable of operating on 100% hydrogen, including fully renewable green hydrogen, on a designed-to-order basis, as well as commercially available power generation solutions from 400 kW to 4.5 MW that can be configured to operate on natural gas blended with up to 25% hydrogen.
Recent Insider Transactions • May 24Insider recently sold CHF583k worth of stockOn the 18th of May, Joseph Creed sold around 3k shares on-market at roughly CHF212 per share. In the last 3 months, there was an even bigger sale from another insider worth CHF849k. Insiders have been net sellers, collectively disposing of CHF3.0m more than they bought in the last 12 months.
お知らせ • May 19Caterpillar Inc. (NYSE:CAT) announces an Equity Buyback for $15,000 million worth of its shares.Caterpillar Inc. (NYSE:CAT) announces a share repurchase program. Under the program, the company will repurchase up to $15,000 million worth of shares. The program has no expiration date.
Recent Insider Transactions • May 08Independent Director recently bought CHF130k worth of stockOn the 5th of May, David MacLennan bought around 600 shares on-market at roughly CHF217 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold CHF2.4m more in shares than they bought in the last 12 months.
お知らせ • May 06Endeavor Business Media, LLC acquired Microgrid Knowledge.Endeavor Business Media, LLC acquired Microgrid Knowledge on May 5, 2022. Tangent Energy Solutions will continue to offer services under the Tangent Energy brand and operate under Caterpillar's Electric Power Division. Endeavor Business Media, LLC completed the acquisition of Microgrid Knowledge on May 5, 2022.
Reported Earnings • Apr 29First quarter 2022 earnings released: EPS: US$2.88 (vs US$2.80 in 1Q 2021)First quarter 2022 results: EPS: US$2.88 (up from US$2.80 in 1Q 2021). Revenue: US$13.6b (up 14% from 1Q 2021). Net income: US$1.54b (flat on 1Q 2021). Profit margin: 11% (down from 13% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 12%, compared to a 10% growth forecast for the industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Recent Insider Transactions • Apr 27Chief Legal Officer & General Counsel recently sold CHF849k worth of stockOn the 20th of April, Suzette Long sold around 4k shares on-market at roughly CHF222 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CHF2.5m more than they bought in the last 12 months.
Recent Insider Transactions • Apr 23Chief Legal Officer & General Counsel recently sold CHF849k worth of stockOn the 20th of April, Suzette Long sold around 4k shares on-market at roughly CHF222 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CHF2.5m more than they bought in the last 12 months.
お知らせ • Apr 15Caterpillar Inc. to Report Q1, 2022 Results on Apr 28, 2022Caterpillar Inc. announced that they will report Q1, 2022 results at 5:30 AM, Central Daylight on Apr 28, 2022
