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Caterpillar, Carlyle Group And More: CNBC's 'Final Trades' - Caterpillar (NYSE:CAT)

iconBenzinga

2024-07-19 16:27

Caterpillar's profits and net margins are at all-time highs per Kevin Simpson of Capital Wealth Planning on CNBC's Halftime Report Final Trades.

  On CNBC's “Halftime Report Final Trades,” Kevin Simpsonof Capital Wealth Planning said profits, net margins of Caterpillar Inc.CAT are at all-time highs.

  On June 12, Caterpillar raised its dividend and increased its share repurchase program. The Board of Directors voted to increase the quarterly dividend by 11 cents, an 8% rise to $1.41 per share, payable on August 20 2024, to shareholders of record as of July 22, 2024. Additionally, Caterpillar added $20 billion to its current share repurchase authorization, allowing for up to $21.8 billion in stock buybacks.

  Shannon Saccociaof NB Private Wealth named iShares U.S. Real Estate ETFIYR as her final trade.

  Don't forget to check out our premarket coverage here

  Joshua Brownof Ritholtz Wealth Management picked The Carlyle Group Inc. CG as his final trade.

  On July 10, UBS analyst Brent Dilts maintained Carlyle Group with a Neutral rating and lowered the price target from $45 to $44.

  Carlyle Secured Lending is scheduled to host a conference call on Monday, Aug. 5, to announce its financial results for the second quarter ended June 30, 2024.

  Price Action:

  • Caterpillar shares fell 0.5% to close at $356.03 on Thursday.
  • iShares U.S. Real Estate ETF slipped 0.8% during Thursday's session.
  • Carlyle Group shares gained 2.2% to close at $46.46 on Thursday.
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