Published on 24 May 2024 on GuruFocus.com via Yahoo Finance
Caterpillar Inc. (NYSE:CAT) is one of the world's largest companies focused on the development and commercialization of construction and mining machinery, as well as gas turbines, which are in high demand in the oil and gas industry.
Over the past 12 months, the company's share price has risen more than 70%, outperforming not only the S&P 500 (SPY) but also key competitors, including Cummins (NYSE:CMI) and Johnson Controls (NYSE:JCI).