Caterpillar, Inc. (NYSE:CAT) had its target price upped by Robert W. Baird from $130.00 to $140.00 in a report released on Wednesday morning. Robert W. Baird currently has a neutral rating on the industrial products company’s stock.
A number of other analysts also recently commented on CAT. Credit Suisse Group restated a buy rating and issued a $123.00 target price on shares of Caterpillar in a research note on Wednesday, June 28th. BidaskClub upgraded Caterpillar from a hold rating to a buy rating in a research note on Saturday, July 1st. Deutsche Bank AG lowered their target price on Caterpillar from $108.00 to $105.00 and set a buy rating on the stock in a research note on Tuesday, July 4th. Axiom Securities restated a sell rating on shares of Caterpillar in a research note on Thursday, July 13th. Finally, Zacks Investment Research upgraded Caterpillar from a hold rating to a buy rating and set a $121.00 target price on the stock in a research note on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Caterpillar presently has an average rating of Hold and an average price target of $133.70.
Caterpillar (NYSE:CAT) traded up 0.64% on Wednesday, hitting $137.81. The stock had a trading volume of 4,064,593 shares. Caterpillar has a 52-week low of $80.33 and a 52-week high of $140.44. The company has a 50 day moving average price of $127.15 and a 200-day moving average price of $112.13. The company has a market cap of $81.44 billion, a price-to-earnings ratio of 769.89 and a beta of 1.26.
Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.68. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The firm had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $10.69 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. The company’s revenue was up 24.6% compared to the same quarter last year. On average, equities research analysts predict that Caterpillar will post $6.38 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, October 23rd will be issued a $0.78 dividend. The ex-dividend date of this dividend is Friday, October 20th. This represents a $3.12 annualized dividend and a dividend yield of 2.26%. Caterpillar’s dividend payout ratio is presently 216.67%.
In related news, insider Suzette M. Long sold 13,859 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $114.30, for a total value of $1,584,083.70. Following the completion of the sale, the insider now owns 18,188 shares of the company’s stock, valued at $2,078,888.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of CAT. Quadrant Capital Group LLC increased its holdings in shares of Caterpillar by 10.6% in the second quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 128 shares during the last quarter. Baker Ellis Asset Management LLC acquired a new stake in shares of Caterpillar in the second quarter valued at approximately $104,000. Motco increased its holdings in shares of Caterpillar by 264.9% in the second quarter. Motco now owns 989 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 718 shares during the last quarter. Harbour Capital Advisors LLC acquired a new stake in shares of Caterpillar in the first quarter valued at approximately $107,000. Finally, Acrospire Investment Management LLC increased its holdings in shares of Caterpillar by 900.0% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 900 shares during the last quarter. 69.27% of the stock is owned by hedge funds and other institutional investors.
Caterpillar Company Profile
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