Robert W. Baird Reiterates “Hold” Rating for Caterpillar (CAT)

Robert W. Baird reissued their hold rating on shares of Caterpillar (NYSE:CAT) in a report issued on Friday. Robert W. Baird currently has a $168.00 price target on the industrial products company’s stock.

Other analysts also recently issued reports about the company. ValuEngine raised Caterpillar from a hold rating to a buy rating in a research report on Friday, February 2nd. Zacks Investment Research raised Caterpillar from a sell rating to a hold rating in a research report on Monday, April 9th. Citigroup reissued a neutral rating and issued a $185.00 target price (up from $160.00) on shares of Caterpillar in a research report on Friday, January 19th. UBS raised their target price on Caterpillar from $180.00 to $190.00 and gave the stock a buy rating in a research report on Friday, January 26th. Finally, Argus raised their target price on Caterpillar from $155.00 to $185.00 and gave the stock a hold rating in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $170.73.

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Shares of CAT opened at $152.14 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.35 and a quick ratio of 0.97. The company has a market cap of $89,781.32, a P/E ratio of 22.11, a price-to-earnings-growth ratio of 1.37 and a beta of 1.30. Caterpillar has a 12 month low of $92.98 and a 12 month high of $173.24.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, January 25th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.39. Caterpillar had a return on equity of 28.69% and a net margin of 1.66%. The business had revenue of $12.90 billion during the quarter, compared to the consensus estimate of $12.01 billion. During the same period last year, the business posted $0.83 earnings per share. The business’s revenue for the quarter was up 34.7% on a year-over-year basis. equities research analysts predict that Caterpillar will post 9.15 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, May 19th. Stockholders of record on Monday, April 23rd will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Friday, April 20th. Caterpillar’s dividend payout ratio (DPR) is presently 45.35%.

In related news, General Counsel Suzette M. Long sold 528 shares of Caterpillar stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $160.46, for a total transaction of $84,722.88. Following the completion of the sale, the general counsel now owns 19,646 shares of the company’s stock, valued at $3,152,397.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas A. Pellette sold 95,199 shares of Caterpillar stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $163.09, for a total value of $15,526,004.91. Following 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. 0.14% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Gradient Investments LLC bought a new stake in Caterpillar during the fourth quarter valued at $113,000. Harvest Fund Management Co. Ltd bought a new stake in Caterpillar during the fourth quarter valued at $131,000. Clearbridge LLC bought a new stake in Caterpillar during the fourth quarter valued at $140,000. Aevitas Wealth Management Inc. bought a new stake in Caterpillar during the fourth quarter valued at $143,000. Finally, Sandy Spring Bank boosted its stake in Caterpillar by 61.9% during the fourth quarter. Sandy Spring Bank now owns 981 shares of the industrial products company’s stock valued at $155,000 after buying an additional 375 shares during the period. 69.25% of the stock is owned by institutional investors.

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Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.

Analyst Recommendations for Caterpillar (NYSE:CAT)

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