/Caterpillar%20Inc_%20sign%20on%20building-by%20Jonathan%20Weiss%20via%20Shutterstock.jpg)
Caterpillar Inc. (CAT), based in Irving, Texas, is a leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Worth a market capitalization of $185.4 billion, Caterpillar is the global leader in construction and mining machinery, producing engines and components for its equipment, and offering financing and insurance services.
Shares of this machinery giant have outperformed the broader market slightly over the past year. CAT has gained 53% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 30.4%. In 2024 alone, CAT stock rose 29.9%, compared to the SPX’s 23.1% rise on a YTD basis.
