Almost everyone around the world should have been familiar by one of the renowned companies Caterpillar. Caterpillar also known as Caterpillar Inc. is basically an American company that designs and also sell engines, machinery, financial products etc. it most usually deals with heavy engines that are used for mining and other such purposes. This world’s leading company manufactures mining and construction equipment, diesel electric locomotives, natural gas and diesel engines, and industrial gas tribunes. In the fortune 500 of 2009, this leading company was ranked as world’s number one in its type of industry whereas in overall industries it was ranked as 44.
Caterpillar is a California based tractor company that was emerged in 1925 from the Holt Manufacturing Company and C. L. Best Tractor Company. It was then re-organized in 1986 as Delaware Corporation and was then named as Caterpillar. The headquarters of this company is located in Peoria, Illinois, United States of America.
By tracing out the history it will come forward that when the steam tractors were used in 1890’s and in early 1900s, which were tremendously heavy machines and often used to sink into the soft earth especially of farmlands! So, in order to get rid of this problem Benjamin Holt increased the size and width of the tractors, which were then seeing to be crawling like caterpillars due to which it was named so.
Anyhow, this is one of the oldest companies and today is on its success. The stock graph of caterpillar shows its increasing success. Stock symbol of caterpillar is CAT and is traded under NYSE. Today its stock price ranges from $103.60 to $104.21.