While you're likely to recognize the yellow machinery dotting your neighborhood construction site, you might not know how how Caterpillar Inc. (CAT) came to earn its namesake. 

What does a company specializing in heavy machinery share in common with a very hungry insect? Apparently more than you would think. 

In the early 1900s, Holt Manufacturing Company sought a way to improve the mobility of its steam tractors. Benjamin Holt eventually decided to replace the wheels of the tractors with wooden tracks bolted to chains. 

A bystander just happened to notice that the movement of the new tractor resembled that of a caterpillar. Agreeing, Holt named his innovation "Caterpillar." 

After a trademark and a little M&A, Caterpillar Inc. was born. 

Now investors are hoping the stock will blossom into a beautiful butterfly.

Don't get bulldozed by CAT. Check out the technical side over on Real Money

 

N/A

More from Video

60 Seconds: Get Financial Aid to Pay For College

60 Seconds: Get Financial Aid to Pay For College

Famed Chartist Marc Chaikin Gives Jim Cramer His Top Picks This Wednesday

Famed Chartist Marc Chaikin Gives Jim Cramer His Top Picks This Wednesday

60 Seconds: Uncle Sam Wants a Piece of your Kid's Summer Job

60 Seconds: Uncle Sam Wants a Piece of your Kid's Summer Job

Rewind: Jim Cramer on Trade, Pepsico, SodaStream, Estee Lauder and Nike

Rewind: Jim Cramer on Trade, Pepsico, SodaStream, Estee Lauder and Nike

60 Seconds: Here's How to Deduct Summer Camp

60 Seconds: Here's How to Deduct Summer Camp