Farm & Construction Machinery
(DE) Deere & Company Outperforms Industry in March
Shares of Deere & Company (DE), producer of agricultural and forestry equipment and construction equipment, went up 1% following the announcement of above-industry March sales growth across the board. To elaborate, in the...21Apr2013 | vitalstocks | Comments Off | Continued
(CAT) Caterpillar to Cut Jobs in Milwaukee
Caterpillar Inc. (CAT) is reportedly laying off around 300 workers or 40% of its South Milwaukee production work force by June citing lower sales as the reason. The company stated that various company locations are facing short-term...4Apr2013 | vitalstocks | Comments Off | Continued
(CAT) Caterpillar to Cut Jobs in Belgium
Caterpillar Inc. (CAT) is contemplating to cut 1,400 jobs at its Belgium plant due to high costs and weak European economy. The plant, located near Charleroi in Belgium, is one of Caterpillar’s largest facilities in Europe....3Mar2013 | Shawn | Comments Off | Continued
(CAT) Caterpillar Down to Underperform
On Feb 22, we downgraded our recommendation from Neutral to Underperform on Caterpillar Inc. (CAT), leading manufacturer of construction and mining equipment, given the impact on its margin due to the ongoing inventory correction,...26Feb2013 | Shawn | Comments Off | Continued
(LNN) Lindsay Corporation Upped to Strong Buy
On January 9, Zacks Equity Research upgraded Lindsay Corporation (LNN) to a Zacks Rank #1 (Strong Buy). Why the Upgrade? On Jan 8, Lindsay Corporation reported impressive...15Jan2013 | Shawn | Comments Off | Continued
(CAT) Stock Market News for October 26, 2012 – Market News
Benchmarks added paltry gains following a batch of mixed earnings releases and positive domestic and international economic data. This was only the second day this week that benchmarks managed to register modest gains. Meanwhile, the U.S. Labor Department said the number of American filing for unemployment...26Oct2012 | vitalstocks | Comments Off | Continued
(CAT) Caterpillar Announces Price Hike
Caterpillar Inc. (CAT), the world’s largest manufacturer of construction and mining equipment, has implemented a price increase of up to 3% on most of its machines across the world, citing current industry factors and general...9Oct2012 | vitalstocks | Comments Off | Continued
(DE) Deere & Company 2012 Second Quarter Earnings Preview
Deere & Company (DE) is scheduled to announce its second quarter fiscal 2012 results on May 16, 2012. The current Zacks Consensus Estimate is $2.54 for the quarter, projecting year-over-year growth of 12.06%. The estimates in the...28May2012 | Shawn | Comments Off | Continued
(CAT) Caterpillar Receives Approval for ERA Mining Machinery Limited Buy
Caterpillar Inc. (CAT) has received a go-ahead from the Ministry of Commerce of the People’s Republic of China (“MOFCOM”) for the acquisition of China-based underground coal mining equipment manufacturer ERA Mining Machinery...26Apr2012 | vitalstocks | Comments Off | Continued
(CAT) Caterpillar Buys Japanese Distributor
In yet another effort to enhance its business in Japan, Caterpillar Inc. (CAT) announced that Caterpillar Japan Ltd. has acquired Caterpillar Tohoku Ltd. Caterpillar Tohuku’s 400 employees and its three subsidiaries will now come...7Mar2012 | vitalstocks | Comments Off | Continued
(DE) Deere & Company Raises Dividend
Deere & Company (DE) has upped its quarterly dividend by 5 cents to 46 cents. This marks the tenth consecutive year of the company’s dividend hike. The increased dividend will be payable on May 1, 2012 to shareholders of record...2Mar2012 | vitalstocks | Comments Off | Continued
(TEX) Terex Tops Estimates
Terex Corp. (TEX) reported fourth quarter adjusted EPS of 26 cents, versus 20 cents in the year-ago quarter. The EPS was a penny ahead of the Zacks Consensus Estimate. Excluding the special items in both periods; Terex reported...17Feb2012 | vitalstocks | 0 comments | Continued
(CAT) Caterpillar Exceeds Forecasts on Record Sales
Caterpillar Inc. (CAT) posted an impressive 53% increase in profit to $2.25 per share in the fourth quarter of 2011 from $1.47 per share in the same quarter of 2010, excluding the impact of acquisition of Bucyrus International, Inc....30Jan2012 | vitalstocks | 0 comments | Continued
(CAT) Good News Starts with Caterpillar
The deluge of this morning’s favorable economic and earnings reports should help stocks sustain Wednesday’s Fed-inspired gains. We got positive weekly Initial Jobless Claims numbers and a better-than-expected Durable Goods Orders reading. On the earnings front, Caterpillar’s...30Jan2012 | vitalstocks | 0 comments | Continued
(CAT) Caterpillar Incorporated – Bull of the Day
Caterpillar, Inc. (CAT) posted an impressive third quarter with record EPS of $1.93 and sales of $14.6 billion driven by increased machine demand and continued economic growth. Results were ahead of Zacks Consensus Estimates. With...24Jan2012 | vitalstocks | 0 comments | Continued
(AGCO) AGCO Corporation – Bull of the Day
Driven by strong global demand for agricultural equipment, AGCO Corporation (AGCO) reported third quarter EPS of $0.87 versus $0.66 in the year-earlier quarter, surpassing the Zacks Consensus Estimate of $0.75. For fiscal 2011, AGCO...30Dec2011 | vitalstocks | 0 comments | Continued
(CAT) Caterpillar Grows Indian Connection
Caterpillar Inc. (CAT) is planning to invest $212 million in India to meet the increasing demand for its products due to road construction and overall infrastructure boom in the country. The plan includes building a new $150...14Dec2011 | vitalstocks | 0 comments | Continued
(AGCO) AGCO Issues Debt to Fund GSI Holdings Buy
AGCO Corporation (AGCO) has priced an offering of $300 million of its 5.875% Senior Notes due 2021 to partly finance the acquisition of GSI Holdings Corp. The notes were priced at 100% of par value and the offering is expected...30Nov2011 | vitalstocks | 0 comments | Continued
(DE) Deere & Company Earnings Preview
Deere & Company (DE) is scheduled to announce its fourth quarter and fiscal 2011 results on November 23, 2011. The current Zacks Consensus Estimate is $1.44 for the fourth quarter and $6.44 for fiscal 2011, projecting year-over-year...28Nov2011 | vitalstocks | 0 comments | Continued
(CAT) Caterpillar’s Sales Growth Dips
Caterpillar Inc. (CAT) recently reported sales statistics for the three months ending October 31, with machine sales increasing 31% on a year-over-year basis and engine sales rising 13% across the globe. The 31% sales growth...23Nov2011 | vitalstocks | 0 comments | Continued
(CAT) Caterpillar Redeems Debt
Caterpillar Inc. (CAT) has redeemed notes issued earlier by Caterpillar Financial Services, for a total amount of $22.622 million. The company decided to redeem 100% of the remaining amount by exercising the call option. The notes...20Sep2011 | vitalstocks | 0 comments | Continued
(CAT) Stock Market News for August 8, 2011 – Market News
The Dow Jones Industrial Average see-sawed between positive and negative territory, while the markets finished mixed on Friday amid global economic concerns. Encouraging economic reports helped the markets prevent another heavy slide on the closing day of the week, but they were not strong enough...8Aug2011 | vitalstocks | 0 comments | Continued
(CAT) Caterpillar to Expand in China
Caterpillar Inc. (CAT) recently announced its intention to open a new facility in Xuzhou, Jiangsu Province of China. The construction will commence in 2011, while the main facility construction is scheduled for mid-2012. The facility...5Aug2011 | vitalstocks | 0 comments | Continued
(CAT) Caterpillar Signs Australian Memorandum of Understanding
Caterpillar Inc. (CAT) along with its dealer WesTrac recently signed a Memorandum of Understanding (MoU) with Perth, Australia based Fortescue Metals Group, to implement an autonomous mining solution, that enhances productivity and...6Jul2011 | vitalstocks | 0 comments | Continued
(TEX) Terex Fulfills Minimum Tender Offer
Terex Corp. (TEX) recently announced that the company has successfully achieved the minimum tender condition for Demag Cranes. The company offered €45.50 per share to Demag shareholders, which has exceeded the minimum requirement...5Jul2011 | vitalstocks | 0 comments | Continued
(CAT) Caterpillar Plant to Create 200 Jobs
Caterpillar Inc. (CAT) intends to develop a plant in Griffin, Georgia, that will create 200 jobs. The company is investing $120 million to upgrade machinery and equipment in the existing facility. Caterpillar Griffin facility...5Jul2011 | vitalstocks | 0 comments | Continued
(LNN) Lindsay Corporation’s Third Quarter Earnings Beat Estimates
Lindsay Corporation (LNN) announced results for its fiscal third quarter ended May 31, 2011. The quarter delivered an EPS of $1.20, beating the Zacks Consensus Estimate of 96 cents and 50 cents in the year-earlier quarter. Total...1Jul2011 | vitalstocks | 0 comments | Continued
(CAT) Caterpillar and Navistar International Venture NC2 Gets a New President
The board of directors of NC2 Global, LLC – a global 50:50 commercial truck joint venture between Caterpillar Inc. (CAT) and Navistar International Corp. (NAV) –...29Jun2011 | vitalstocks | 0 comments | Continued
(DE) Deere Fights to Preserve GPS For Agriculture Use
Deere & Company (DE), a member of the Coalition to Save Our GPS, released a report stating that a proposal under consideration by the U.S. Federal Communications Commission (FCC) will jeopardize the use of the Global Positioning...26Jun2011 | vitalstocks | 0 comments | Continued
(JOYG) Joy Global Buys Rowan’s LeTourneau
Mining equipment maker Joy Global Inc. (JOYG) said it has acquired LeTourneau Technologies Inc. from Rowan Companies Inc. (RDC) for $1.1 billion in cash. The company...26Jun2011 | vitalstocks | 0 comments | Continued