According to the Wall Street Journal, Caterpillar could be due for a stock split after a 94% run up in its stock.
Dow Jones’s Robert Tita reports: “As Caterpillar breaches $100, investors shouldn’t be shocked if the construction equipment maker soon announces a 2-for-1 stock split. It isn’t commenting, but past such moves occurred when CAT was at near or above $100. “It wouldn’t be a total surprise to see it” split, says Longbow analyst Eli Lustgarten.