Caterpillar Stock Looks Expensive: Here Are 3 Reasons It's Still Cheap

Caterpillar Stock Looks Expensive: Here Are 3 Reasons It's Still Cheap
Daniel Foelber, The Motley Fool
·4 min read

Shares of Caterpillar (NYSE: CAT) reached a new intraday high last Wednesday, briefly passing the $200 per share mark. This occurred following a market-beating year for Caterpillar in 2020. In 2020, Caterpillar raised its annual dividend for the 27th consecutive year, extending the streak that placed it on the short list of Dividend Aristocrats.