Investing

7 'Strong Buy' Dividend Aristocrats That Blew Away Q3 Earnings Expectations

The pharmaceutical giant earned $1.15 per share, minus some items, on $10.41 billion in sales. Earnings toppled close to 18% year over year but topped a FactSet consensus forecast for $0.94 a share. Sales dropped nearly 5% on a strict, as-reported basis, but were above the $9.65 billion estimate.

Abbott Laboratories stock investors receive a 1.89% dividend. The Royal Bank of Canada’s $126 price target compares with a $117.32 consensus target and the most recent close at $99.77 a share.

Caterpillar

This large-cap leader led the Dow Jones industrial average higher after posting stellar results.¬†Caterpillar Inc. (NYSE: CAT) is the world’s largest manufacturer and marketer of construction equipment, and it is also a leading manufacturer of diesel engines and turbines for transport and industrial applications.

Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three primary segments (Construction Industries, Resource Industries and Energy & Transportation) and also provides financing and related services through its Financial Products segment.

Third-quarter 2022 profit per share was $3.87, up from $2.60 in the same period of last year. Adjusted profit per share in the third quarter of 2022 was $3.95, compared with the year-ago figure of $2.66 per share. The results were way above estimates for the top and bottom lines.

Shareholders receive a 2.19% dividend. Baird has a $242 target price on Caterpillar stock. The shares popped more than 11% in the past week and closed on Friday at $219.34.

Chevron

This integrated giant remains a safer way for investors looking to get positioned in the energy sector. Chevron Corp. (NYSE: CVX) engages in integrated energy and chemicals operations worldwide.

The Upstream segment is involved in the exploration, development, production and transportation of crude oil and natural gas; processing, liquefaction, transportation and regasification associated with liquefied natural gas (LNG); transportation of crude oil through pipelines; and transportation, storage and marketing of natural gas, as well as operating a gas-to-liquids plant.

The Downstream segment engages in refining crude oil into petroleum products; marketing crude oil, refined products and lubricants; manufacturing and marketing of renewable fuels; transporting crude oil and refined products by pipeline, marine vessel, motor equipment and rail car; and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. It is also involved in cash management and debt financing activities, insurance operations, real estate activities and technology businesses.

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