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.
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.
COPYRIGHT VIOLATION NOTICE: “Robert W. Baird Reiterates “Hold” Rating for Caterpillar (CAT)” was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at https://www.dispatchtribunal.com/2018/04/17/robert-w-baird-reiterates-hold-rating-for-caterpillar-cat.html.
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.
Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.