Caterpillar is one of the leading industrial companies in the world, and it is forecast for some growth in the next few years, say industry analysts.
Shares in the company reached a record high in recent weeks, most recently hitting $ 203.29 on February 16th.
Rising commodity prices, expected growth in construction operations and possibly new infrastructure legislation in Washington are all positive signs for Caterpillar in the near future.
This is good news for a business that has experienced difficult times in recent years. The company worked hard about a decade ago to expand its mining equipment when commodity prices were sky-high, only to see prices fall again. Caterpillar sales fell with them.
Since then, the firm known for its large yellow iron equipment has been restructuring and developing some new products and solutions that can contribute to its growth, including self-driving vehicles, remote equipment and telematic software.
Meanwhile, analysts say rising commodity prices are a sign that at least some parts of the world are ready to go back to work.