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Feb. 19, 2021, 10:50 a.m. EST

Caterpillar's stock surges toward a record, adds nearly 50 points to the Dow's gain

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By Tomi Kilgore

Shares of Caterpillar Inc. /zigman2/quotes/203434128/composite CAT -2.05% ran up 3.8% toward a record high in morning trading Friday, enough to pace all of the Dow Jones Industrial Average's /zigman2/quotes/210598065/realtime DJIA -0.75% gainers. The $7.51 price gain in the construction and mining equipment maker's stock is adding about 49 points to the Dow's price, to account for nearly half of the Dow's 101-point, or 0.3%, gain. Caterpillar's stock has now soared 51.6% over the past 12 months, making it the second-best performer among Dow components during that period, behind only Apple Inc. stock's /zigman2/quotes/202934861/composite AAPL -1.28% 60.7% rally. Despite the negative effects of the COVID-19 pandemic on Caterpillar's business and the global economy, the company has beat both profit and revenue expectations for three straight quarters, with fourth-quarter construction industries revenue recovering to the highest level since the fourth-quarter of 2019, or pre-COVID levels.

/zigman2/quotes/203434128/composite
US : U.S.: NYSE
$ 227.63
-4.76 -2.05%
Volume: 2.82M
April 20, 2021 4:00p
P/E Ratio
41.66
Dividend Yield
1.81%
Market Cap
$124.13 billion
Rev. per Employee
$429,044
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
33,821.30
-256.33 -0.75%
Volume: 354.20M
April 20, 2021 5:05p
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/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 133.11
-1.73 -1.28%
Volume: 94.81M
April 20, 2021 4:00p
P/E Ratio
35.98
Dividend Yield
0.62%
Market Cap
$2234.66 billion
Rev. per Employee
$1.86M
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