Shares of Caterpillar, Inc. (NYSE:CAT) have been assigned an average recommendation of “Hold” from the thirty ratings firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $133.70.
Several equities analysts have recently weighed in on CAT shares. BMO Capital Markets reissued a “buy” rating and issued a $130.00 price objective on shares of Caterpillar in a research report on Friday, September 8th. Vetr lowered shares of Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 price objective on the stock. in a research report on Monday, September 11th. Jefferies Group LLC reissued a “hold” rating and issued a $100.00 price objective on shares of Caterpillar in a research report on Tuesday, August 29th. Credit Suisse Group reissued a “hold” rating and issued a $133.00 price objective on shares of Caterpillar in a research report on Friday, September 22nd. Finally, Goldman Sachs Group, Inc. (The) raised their price target on shares of Caterpillar from $143.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, October 9th.
Caterpillar (NYSE CAT) traded up $0.18 during midday trading on Wednesday, reaching $136.63. 2,110,000 shares of the company’s stock traded hands, compared to its average volume of 3,780,000. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.44 and a quick ratio of 1.04. Caterpillar has a 1 year low of $80.59 and a 1 year high of $140.44. The company has a market capitalization of $81,290.00, a price-to-earnings ratio of 24.59, a P/E/G ratio of 2.06 and a beta of 1.29.
Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.68. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The firm had revenue of $11.41 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. sell-side analysts expect that Caterpillar will post 6.4 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 23rd will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Friday, October 20th. Caterpillar’s dividend payout ratio is 216.67%.
In related news, insider Lange Bob De sold 1,572 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $137.58, for a total value of $216,275.76. Following the transaction, the insider now directly owns 11,096 shares of the company’s stock, valued at approximately $1,526,587.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel M. Dickinson sold 3,813 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $137.09, for a total transaction of $522,724.17. Following the completion of the transaction, the director now directly owns 6,554 shares in the company, valued at $898,487.86. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.
Large investors have recently modified their holdings of the stock. Beach Investment Management LLC. bought a new stake in Caterpillar in the 2nd quarter valued at about $231,000. NGAM Advisors L.P. raised its stake in Caterpillar by 2.9% in the 2nd quarter. NGAM Advisors L.P. now owns 81,344 shares of the industrial products company’s stock valued at $8,742,000 after acquiring an additional 2,286 shares during the period. Bank of Nova Scotia raised its stake in Caterpillar by 527.0% in the 1st quarter. Bank of Nova Scotia now owns 196,294 shares of the industrial products company’s stock valued at $18,208,000 after acquiring an additional 164,989 shares during the period. Bancorpsouth Inc. raised its stake in Caterpillar by 1.2% in the 1st quarter. Bancorpsouth Inc. now owns 5,787 shares of the industrial products company’s stock valued at $537,000 after acquiring an additional 69 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in Caterpillar in the 1st quarter valued at about $46,917,000. 69.34% of the stock is currently owned by institutional investors.
Caterpillar Company Profile
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