Replies to post #27220 on The Rising Influence of Rising Affluence

[DewDiligence]

CAT director sold $1.5M of stock—slightly more than half his holding:

https://www.sec.gov/Archives/edgar/data/18230/000110465923011649/xslF345X03/tm235765-1_4seq1.xml

[DewDiligence]

LOL re CAT sell-side analyst:

https://www.barrons.com/articles/caterpillar-stock-downgrade-market-e024603e

UBS analyst Steven Fisher downgraded Caterpillar (ticker: CAT) stock to Sell from Hold Friday. He cut his price target to $225 from $230 a share.

[DewDiligence]

CAT Financial’s past-due proportion of loans outstanding is near an all-time low, according to today’s GS webcast.

[DewDiligence]

CAT’s mining-equipment segment, comprising about 20% of CAT’s equipment sales, is an EV play, the CEO says on today’s GS webcast.

[DewDiligence]

CAT 1Q23—>higher price realization and higher volume…

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

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


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

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