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.
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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.
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