Caterpillar Inc Buyback
OLI recorded this information on 7/28/2015
Company:
Caterpillar Inc
Buyback:
CAT buyback
$Amount Authorized:
$1,500,000,000
Buyback Details:
Caterpillar Inc. (NYSE: CAT) today announced it entered into a definitive agreement with Citibank N.A. to purchase a total of $1.5 billion of its common stock under an accelerated stock repurchase transaction.
Caterpillar is a manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Co.'s Construction Industries segment supports customers using machinery in infrastructure, forestry and building construction. Co.'s Resource Industries segment supports customers using machinery in mining and heavy construction and quarry and aggregates. Co.'s Energy and Transportation segment supports customers in oil and gas, power generation, marine, rail and industrial applications, including Co.'s machines. Co. also provides financing and related services through its Financial Products segment.
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Buy (2.52 out of 4) 6th percentile
(ranked lower than approx. 94% of all stocks covered)
Analysts' Target Price: CAT Stock Forecast Based on Zacks ABR data; powered by Xignite |