Caterpillar Inc (NYSE:CAT) has started exporting Chinese-manufactured machinery to the Middle East and Africa, as an element of a plan to compensate a decline in China’s economic growth, a top manager at the firm commented in an interview.
The attempt by the world’s biggest manufacturer of construction machinery is only temporary and the firm still hopes China to stay put its rapidly growth market, Richard Lavin, who manages Caterpillar’s operations in China, informed Reuters.
Its competitors include CNH Global NV (ADR) (NYSE:CNH) which has market capitalization of 9.87 billion with 239.72 million outstanding shares.
Other capital goods stocks include The Dow Chemical Company (NYSE:DOW) whose market capitalization remained 35.78 billion, United Technologies Corporation (NYSE:UTX) with a market cap. Of 70.23 billion, 3M Co (NYSE:MMM) having market capitalization of 63.32 billion, Rayonier Inc. (NYSE:RYN) with a market capitalization of 5.76 billion, Leucadia National Corp. (NYSE:LUK) with market capitalization of 5.43 billion and Harbinger Group Inc (NYSE:HRG) with market capitalization of 1.25 billion.
Caterpillar Inc. (NYSE:CAT) stock’s trade at beginning with a price of $88.26 and the current trading session climbed at a high of $88.83 other than the stock finally declined 0.38% to $88.06.
Shares price of CAT moved up from its 20 days moving average with +6.16% and remote positively from 50 days moving average with +5.14%. CAT current year earnings per share experienced an addition with 78.22% while its current quarter performance remained -6.78%.
CAT last month stock price volatility remained 2.99%. In its share capital CAT has 652.50 million outstanding shares among them 645.98 million shares have been floated in market exchange. CAT stock institutional ownership remained 65.76% while insider ownership included 0.21%.
The stock is ahead its 52 week low with 33.61% and lagging behind from its 52 week high price with -23.61%. Company’s beta coefficient included 1.85. Beta factors measures the amount of market risk associated with market trade.
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