Latest news with #KyleMenges
Globe and Mail
12-07-2025
- Business
- Globe and Mail
Citi Keeps Their Buy Rating on Caterpillar (CAT)
Citi analyst Kyle Menges maintained a Buy rating on Caterpillar today and set a price target of $460.00. The company's shares closed yesterday at $408.33. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Menges is a 4-star analyst with an average return of 16.2% and an 88.33% success rate. Menges covers the Industrials sector, focusing on stocks such as Oshkosh, Agco, and Caterpillar. In addition to Citi, Caterpillar also received a Buy from J.P. Morgan's Tami Zakaria in a report issued yesterday. However, on July 8, Morgan Stanley maintained a Hold rating on Caterpillar (NYSE: CAT). See today's best-performing stocks on TipRanks >> CAT market cap is currently $189.2B and has a P/E ratio of 19.90. Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CAT in relation to earlier this year. Most recently, in May 2025, David Maclennan, a Director at CAT bought 375.00 shares for a total of $120,262.50.
Yahoo
08-07-2025
- Business
- Yahoo
Why Caterpillar Stock Jumped 11.5% in June
Caterpillar raised its dividend per share by 7% in June. The company grew its backlog by a record $5 billion in the first quarter. 10 stocks we like better than Caterpillar › Caterpillar (NYSE: CAT) stock handily outperformed the markets in June, rallying 11.5%, according to data provided by S&P Global Market Intelligence. The Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC), meanwhile, gained 4.9% and 4.3%, respectively. Tailwinds were aplenty for shares of the mining and construction equipment giant, including a dividend hike, multiple analyst ratings upgrades, and a trade truce between the U.S. and China. Caterpillar has extensive global operations, and China is an important market for the company. That is why the stock rose after President Donald Trump announced a trade deal with China on June 10. A day later, Caterpillar raised its dividend per share by 7%, marking its 31st consecutive year of dividend increases. Caterpillar confirmed that it continues to generate robust free cash flows from its core machinery, energy, and transportation (ME&T) businesses despite a challenging business environment, and put to rest investors' concerns about its ability to grow dividends. That also caught analysts' attention, encouraging many to reiterate or upgrade their price targets on Caterpillar stock in June. For example, while Citigroup analyst Kyle Menges raised Caterpillar stock's price target to $420 per share from $370 a share, analysts at Bank of America reiterated their price objective of $385 a share. Analysts at Bank of America and Bernstein see strong growth potential in Caterpillar's E&T segment. Bank of America expects E&T to be a key earnings growth driver for the company, driven by trends like global energy demand and higher spending in oil and gas pipelines, power generation, and data centers. All these factors should push demand for Caterpillar's engines, power generation systems, and turbines. Caterpillar provided great insight into its expectations for 2025 at a recent earnings conference call. Although the company expects lower sales from its construction industries and resource industries (mining equipment) businesses this year, it projects continued strength in energy and transportation to offset much of the weakness. Because of its diverse business, Caterpillar expects only a slight fall in revenue for the full year because of tariffs, if at all. Caterpillar, in fact, saw a strong order flow in the first quarter, and its backlog grew by a record $5 billion, or 17% sequentially. The company now expects to generate ME&T free cash flow at the "top half" of its guidance range of $5 billion to $10 billion. If you ask me, Caterpillar is one of the finest and few iconic American companies you'd want to buy at every dip and hold forever. Before you buy stock in Caterpillar, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Caterpillar wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $695,481!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $969,935!* Now, it's worth noting Stock Advisor's total average return is 1,053% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Bank of America is an advertising partner of Motley Fool Money. Citigroup is an advertising partner of Motley Fool Money. Neha Chamaria has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bank of America. The Motley Fool has a disclosure policy. Why Caterpillar Stock Jumped 11.5% in June was originally published by The Motley Fool
Yahoo
25-06-2025
- Business
- Yahoo
Citi Raises Regal Rexnord (RRX) PT to $165, Keeps a Buy Rating
Regal Rexnord Corporation (NYSE:RRX) is one of the . On June 23, Citi analyst Kyle Menges maintained a Buy rating on Regal Rexnord Corporation (NYSE:RRX) and raised the price target to $165 from $145. The firm stated that it updated its price targets and machinery views in accordance with the current environment. The company's strong financials support the optimistic outlook, as it reported diluted EPS of $0.86 in fiscal Q1 2025 and adjusted diluted EPS of $2.15 for the quarter, up 7.5% compared to the previous year. A technician inspecting a specialized industrial machinery in an engineering lab. Regal Rexnord Corporation (NYSE:RRX) delivered gains in adjusted gross margin and grew free cash flow by 32%. It also paid down $164 million of gross debt. All these factors reflect the company's solid execution and disciplined cost management. Regal Rexnord Corporation (NYSE:RRX) engineers and manufacturers industry powertrain solutions, factory automation sub-systems, electric motors and electronic controls, automation and mechanical power transmission components, air moving products, and specialty electrical components and systems. The company's operations are divided into the following segments: Industrial Powertrain Solutions (IPS), Power Efficiency Solutions (PES), and Automation and Motion Control (AMC). While we acknowledge the potential of RRX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Sign in to access your portfolio
Business Insider
24-06-2025
- Business
- Business Insider
Citi Keeps Their Buy Rating on Oshkosh (OSK)
Citi analyst Kyle Menges maintained a Buy rating on Oshkosh (OSK – Research Report) today and set a price target of $130.00. The company's shares closed today at $108.67. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Menges is a 3-star analyst with an average return of 4.6% and a 65.45% success rate. Menges covers the Industrials sector, focusing on stocks such as Cummins, Deere, and Oshkosh. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Oshkosh with a $116.92 average price target. OSK market cap is currently $7.02B and has a P/E ratio of 11.65.
Business Insider
24-06-2025
- Business
- Business Insider
Citi Keeps Their Buy Rating on Regal Rexnord (RRX)
In a report released today, Kyle Menges from Citi maintained a Buy rating on Regal Rexnord (RRX – Research Report), with a price target of $165.00. The company's shares closed today at $141.01. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Menges is a 3-star analyst with an average return of 4.6% and a 65.45% success rate. Menges covers the Industrials sector, focusing on stocks such as Cummins, Deere, and Oshkosh. Regal Rexnord has an analyst consensus of Strong Buy, with a price target consensus of $161.50, which is a 14.53% upside from current levels. In a report released on June 18, Barclays also maintained a Buy rating on the stock with a $160.00 price target. The company has a one-year high of $185.28 and a one-year low of $90.56. Currently, Regal Rexnord has an average volume of 805.3K.
