Somewhat Positive News Coverage Somewhat Unlikely to Impact Caterpillar (NYSE:CAT) Share Price

News stories about Caterpillar (NYSE:CAT) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Caterpillar earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 45.6488757756863 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

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

A number of research firms recently issued reports on CAT. UBS Group upgraded shares of Caterpillar from a “neutral” rating to a “buy” rating and boosted their target price for the company from $116.00 to $140.00 in a research report on Monday, September 18th. BMO Capital Markets boosted their target price on shares of Caterpillar from $150.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, October 26th. Vetr downgraded shares of Caterpillar from a “hold” rating to a “sell” rating and set a $137.72 price objective for the company. in a research report on Thursday, December 7th. Goldman Sachs Group upped their price objective 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. Finally, OTR Global downgraded shares of Caterpillar to a “positive” rating in a research report on Monday, December 18th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $147.72.

Caterpillar (NYSE CAT) opened at $170.30 on Friday. The company has a market cap of $101,317.27, a P/E ratio of 118.26, a PEG ratio of 2.10 and a beta of 1.29. Caterpillar has a fifty-two week low of $90.34 and a fifty-two week high of $170.67. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 1.58.

Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.68. The company had revenue of $11.41 billion for the quarter, compared to analyst estimates of $10.69 billion. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The firm’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.85 EPS. research analysts anticipate that Caterpillar will post 6.46 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be issued a dividend of $0.78 per share. The ex-dividend date is Friday, January 19th. This represents a $3.12 dividend on an annualized basis and a yield of 1.83%. Caterpillar’s dividend payout ratio (DPR) is presently 216.67%.

In related news, insider Lange Bob De sold 1,572 shares of the stock in a transaction on 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Bradley M. Halverson sold 2,600 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $137.67, for a total transaction of $357,942.00. Following the completion of the transaction, the insider now directly owns 5,214 shares in the company, valued at $717,811.38. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,989 shares of company stock worth $7,235,850. Insiders own 0.14% of the company’s stock.

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