Caterpillar, Carlyle Group And More: CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Kevin Simpson of Capital Wealth Planning said profits, net margins of Caterpillar Inc. CAT are at all-time highs.

On June 12, Caterpillar raised its dividend and increased its share repurchase program. The Board of Directors voted to increase the quarterly dividend by 11 cents, an 8% rise to $1.41 per share, payable on August 20 2024, to shareholders of record as of July 22, 2024. Additionally, Caterpillar added $20 billion to its current share repurchase authorization, allowing for up to $21.8 billion in stock buybacks.

Shannon Saccocia of NB Private Wealth named iShares U.S. Real Estate ETF IYR as her final trade.

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Joshua Brown of Ritholtz Wealth Management picked The Carlyle Group Inc. CG as his final trade.

On July 10, UBS analyst Brent Dilts maintained Carlyle Group with a Neutral rating and lowered the price target from $45 to $44.

Carlyle Secured Lending is scheduled to host a conference call on Monday, Aug. 5, to announce its financial results for the second quarter ended June 30, 2024.

Price Action:

• Caterpillar shares fell 0.5% to close at $356.03 on Thursday.
• iShares U.S. Real Estate ETF slipped 0.8% during Thursday's session.
• Carlyle Group shares gained 2.2% to close at $46.46 on Thursday.

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