Caterpillar (CAT) Getting Favorable Press Coverage, Study Shows

Media stories about Caterpillar (NYSE:CAT) have trended positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Caterpillar earned a daily sentiment score of 0.27 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 46.8166003813876 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the headlines that may have impacted Accern Sentiment’s scoring:

CAT has been the topic of several recent analyst reports. Bank of America Corporation upgraded Caterpillar from a “neutral” rating to a “buy” rating and lifted their price target for the company from $105.00 to $120.00 in a research note on Thursday, May 11th. Raymond James Financial, Inc. upgraded Caterpillar to a “buy” rating and set a $55.00 price target on the stock in a research note on Thursday, April 27th. Axiom Securities reiterated a “sell” rating on shares of Caterpillar in a research note on Friday, May 5th. Deutsche Bank AG lowered Caterpillar from a “buy” rating to a “hold” rating and decreased their price target for the company from $121.00 to $106.00 in a research note on Friday, June 23rd. Finally, Credit Suisse Group restated an “outperform” rating and set a $133.00 price objective (up previously from $123.00) on shares of Caterpillar in a research report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $107.15.

Caterpillar (NYSE CAT) opened at 112.85 on Friday. Caterpillar has a 1-year low of $79.93 and a 1-year high of $115.46. The firm has a market capitalization of $66.69 billion, a P/E ratio of 630.45 and a beta of 1.25. The company’s 50-day moving average price is $109.77 and its 200-day moving average price is $101.19.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.23. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The business had revenue of $11.33 billion during the quarter, compared to analyst estimates of $10.96 billion. During the same period last year, the business posted $1.09 earnings per share. Caterpillar’s quarterly revenue was up 9.6% compared to the same quarter last year. Equities research analysts expect that Caterpillar will post $5.24 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, August 19th. Stockholders of record on Thursday, July 20th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.76%. This is a positive change from Caterpillar’s previous quarterly dividend of $0.77. The ex-dividend date is Tuesday, July 18th. Caterpillar’s dividend payout ratio (DPR) is presently 2,080.00%.

In other news, insider Suzette M. Long sold 13,859 shares of Caterpillar stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $114.30, for a total transaction of $1,584,083.70. Following the completion of the transaction, the insider now directly owns 18,188 shares in the company, valued at $2,078,888.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bradley M. Halverson sold 182,612 shares of Caterpillar stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $114.05, for a total transaction of $20,826,898.60. The disclosure for this sale can be found here. Insiders have sold 201,471 shares of company stock valued at $22,979,332 over the last quarter. Company insiders own 0.15% of the company’s stock.

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