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MarketScreener Homepage  >  Equities  >  Nyse  >  Caterpillar Inc.    CAT

CATERPILLAR INC.

(CAT)
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Caterpillar : 70TH ANNIVERSARY OF THE CATERPILLAR WHEEL TRACTOR-SCRAPER

11/13/2020 | 10:21am EST

The first Caterpillar wheel tractor-scraper, called the Caterpillar DW21, was manufactured for heavy construction contractors. It was Caterpillar's answer to the LeTourneau 'Tournapull,' the first-of-its-kind self-propelled scraper made in Peoria, Illinois, by former Caterpillar supplier, Robert LeTourneau.

The Caterpillar machine, unveiled at CONEXPO in Chicago in 1948, didn't become available until September 1950. The rubber-tired, self-propelled scraper was the result of five years of intensive research and offered heavy construction contractors a complete equipment package to meet needs in each zone of operations.

IN THE BEGINNING.

The DW21 was a single axle, two-wheeled machine, as opposed to the conventional four-wheel design. A four-wheeled version - the DW20 - was also offered. Although it stayed in Caterpillar's product lineup for many years, the DW20 was phased out, succumbing to the popularity of the DW21. The two-wheeled version is essentially the machine we sell today.

During development, the DW21 was tested at high speeds. While hauling loads of shale overburden in Barnsley, England, with British contractors, dealers and government officials standing by, the machine completed a 500-yard cycle in less than 12 minutes, mastering a 1 in 8 gradient.

600 SERIES USHERS IN NEW NAME.

In 1960, the DW21 model was discontinued. By then, Caterpillar was established as a market leader in self-propelled scraper manufacturing and began producing new Cat 600 series models. It was only then that the machines were officially referred to as wheel tractor-scrapers.

EARLY PROJECTS.

The Caterpillar DW21 worked on construction of the Sasamua Dam. Completed in 1956, the structure provided a water source for Nairobi, Kenya. Today, the dam supplies water to more than 10% of Nairobi's population.

Part of a fleet of more than 3,000 Cat machines, the DW21 helped build the St. Lawrence Seaway - a series of locks, canals and channels that permits oceangoing vessels to travel from the Atlantic Ocean to the Great Lakes. Construction on the dam began in the mid-1950's and the seaway was open to traffic in 1959. Since that time, Cat equipment has been used to make many improvements and the infrastructure remains relevant today.

Of the seaway construction and improvement projects, former Caterpillar President and Chairman Harmon Eberhard once said, 'You could easily see the need for the kind of quality that we build into our machines. Wherever the jobs were the toughest, that's where contractors were using Cat equipment.'

Learn more about Caterpillar's 95 year history. See more at:

https://www.caterpillar.com/en/news/caterpillarNews/customer-dealer-product/wheel-tractor-scraper-70.html

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2020 41 460 M - -
Net income 2020 3 004 M - -
Net Debt 2020 28 249 M - -
P/E ratio 2020 35,3x
Yield 2020 2,10%
Capitalization 106 B 106 B -
EV / Sales 2020 3,23x
EV / Sales 2021 2,93x
Nbr of Employees 102 300
Free-Float 66,5%
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Caterpillar Inc. Technical Analysis Chart | CAT | US1491231015 | MarketScreener
Technical analysis trends CATERPILLAR INC.
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 181,33 $
Last Close Price 194,62 $
Spread / Highest target 17,2%
Spread / Average Target -6,83%
Spread / Lowest Target -35,8%
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Managers and Directors
NameTitle
Donald James Umpleby Chairman & Chief Executive Officer
Andrew Robert John Bonfield Chief Financial Officer
Karl E. Weiss Chief Technology Officer
Jamie Engstrom Chief Information Officer & Vice president
William A. Osborn Independent Director