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Caterpillar Inc., also known as Cat, is an American construction, mining and other engineering equipment manufacturer. [6] The company is the world's largest manufacturer of construction equipment. [3] [7] [8] In 2018, Caterpillar was ranked number 73 on the Fortune 500 list [9] and number 265 on the Global Fortune 500 list. [10]
As of 2010, Caterpillar Inc. was the 229nd largest company in the world, In 2011, Caterpillar was the best-performing stock last year among the 30 companies in the Dow Jones industrial average [30] with a market value of US$45.13 billion.
In the mid-1920s, Holt encountered financial trouble. Best's financial backers approached Holt executives to discuss a merger. On April 15, 1925, C. L. Best Tractor Company and Holt Manufacturing Company merged to form Caterpillar Tractor Company (later Caterpillar Inc.). [2] Best remained chairman of the board of Caterpillar until his death in ...
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The Holt tractors were a range of continuous track haulers built by the Holt Manufacturing Company of Stockton, California which were named after company founder Benjamin Holt. Between 1908 and 1913, twenty-seven of the first 100 Holt caterpillar track-type tractors were used on the Los Angeles Aqueduct project, which provided a good proving ...
On December 5, 1920, 71-year-old Benjamin Holt died after a month-long illness. Five years later, the Holt Caterpillar Company merged with its strongest competitor, the C. L. Best company, to form what is now Caterpillar Inc., the 133rd largest company in the world as of 2008.
Progress Rail PR43C locomotive at Anniston, Alabama. On May 24, 2008 Caterpillar agreed to acquire all of the capital stock of MGE - Equipamentos e Serviços Ferroviários Ltda., a São Paulo, Brazil-based locomotive component and transit car services company to become part of Caterpillar's Progress Rail Services Corporation.
Year-to-date, Caterpillar is down more than 10%. Meanwhile, the S&P 500 is up almost 23%. Some may think this looks like an opportunity to pick up shares of Caterpillar on the cheap, but there are ...