UBS Group set a $190.00 price objective on Caterpillar (NYSE:CAT) in a research report released on Thursday morning, www.tipranks.com reports. The brokerage currently has a buy rating on the industrial products company’s stock.
Other equities analysts also recently issued research reports about the stock. Argus upped their price objective on shares of Caterpillar from $130.00 to $155.00 and gave the company a buy rating in a research note on Thursday, October 26th. Tigress Financial reissued a buy rating on shares of Caterpillar in a research note on Monday, October 30th. Bank of America set a $152.00 price objective on shares of Caterpillar and gave the company a buy rating in a research note on Wednesday, October 25th. BMO Capital Markets reissued a buy rating and set a $150.00 price objective on shares of Caterpillar in a research note on Friday, October 20th. Finally, ValuEngine raised shares of Caterpillar from a hold rating to a buy rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. Caterpillar currently has a consensus rating of Buy and an average price target of $167.60.
Caterpillar (CAT) opened at $156.29 on Thursday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.97 and a current ratio of 1.35. The stock has a market cap of $92,980.00, a P/E ratio of 29.88, a P/E/G ratio of 1.67 and a beta of 1.22. Caterpillar has a one year low of $90.34 and a one year high of $173.24.
Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, January 25th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.39. The business had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $12.01 billion. Caterpillar had a net margin of 1.66% and a return on equity of 28.69%. The company’s quarterly revenue was up 34.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.83 earnings per share. research analysts forecast that Caterpillar will post 9.05 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Monday, January 22nd will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Friday, January 19th. Caterpillar’s payout ratio is currently 59.66%.
In other news, CFO Bradley M. Halverson sold 17,210 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $137.33, for a total value of $2,363,449.30. Following the completion of the sale, the chief financial officer now owns 7,814 shares of the company’s stock, valued at $1,073,096.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas A. Pellette sold 95,199 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $163.09, for a total transaction of $15,526,004.91. Following the completion of the sale, the insider now directly owns 96,268 shares of the company’s stock, valued at approximately $15,700,348.12. The disclosure for this sale can be found here. Insiders sold 118,784 shares of company stock valued at $18,776,796 in the last three months. Company insiders own 0.14% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in CAT. Sawtooth Solutions LLC acquired a new stake in Caterpillar during the 4th quarter valued at $651,000. William Blair Investment Management LLC acquired a new stake in Caterpillar during the 4th quarter valued at $3,665,000. We Are One Seven LLC acquired a new stake in Caterpillar during the 4th quarter valued at $329,000. HM Payson & Co. grew its holdings in Caterpillar by 3.6% during the 4th quarter. HM Payson & Co. now owns 15,818 shares of the industrial products company’s stock valued at $2,493,000 after purchasing an additional 550 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in Caterpillar by 42.7% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 36,764 shares of the industrial products company’s stock valued at $5,793,000 after purchasing an additional 11,000 shares in the last quarter. 69.27% of the stock is owned by institutional investors.
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Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.
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