Shares of Caterpillar Inc. (NYSE:CAT) have been given a consensus recommendation of “Buy” by the thirty analysts that are covering the stock, Marketbeat.com reports. One 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 on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $168.69.
Several equities analysts have issued reports on CAT shares. Bank of America upped their price objective on shares of Caterpillar from $189.00 to $192.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Barclays set a $180.00 price target on shares of Caterpillar and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Daiwa Capital Markets cut shares of Caterpillar from an “outperform” rating to a “neutral” rating and set a $160.00 target price for the company. in a report on Wednesday, April 25th. TheStreet raised shares of Caterpillar from a “c+” rating to an “a-” rating in a report on Tuesday, April 24th. Finally, Vetr cut shares of Caterpillar from a “strong-buy” rating to a “buy” rating and set a $169.76 target price for the company. in a report on Monday, March 19th.
Shares of Caterpillar traded up $2.02, reaching $155.71, on Friday, Marketbeat.com reports. 3,889,339 shares of the stock were exchanged, compared to its average volume of 5,837,434. The company has a current ratio of 1.36, a quick ratio of 0.96 and a debt-to-equity ratio of 1.52. The company has a market cap of $93.11 billion, a P/E ratio of 22.63, a PEG ratio of 1.10 and a beta of 1.31. Caterpillar has a twelve month low of $101.27 and a twelve month high of $173.24.
Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, April 24th. The industrial products company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.71. The firm had revenue of $12.86 billion during the quarter, compared to the consensus estimate of $11.99 billion. Caterpillar had a net margin of 4.59% and a return on equity of 34.38%. The company’s revenue was up 30.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.28 earnings per share. equities analysts forecast that Caterpillar will post 10.72 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Saturday, May 19th. Investors of record on Monday, April 23rd were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, April 20th. This represents a $3.12 dividend on an annualized basis and a yield of 2.00%. Caterpillar’s dividend payout ratio (DPR) is currently 45.35%.
In related news, Director David L. Calhoun purchased 5,000 shares of the business’s stock in a transaction on Monday, May 14th. The shares were bought at an average price of $155.37 per share, with a total value of $776,850.00. Following the completion of the purchase, the director now directly owns 19,579 shares in the company, valued at approximately $3,041,989.23. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas A. Pellette sold 54,481 shares of the stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $150.17, for a total transaction of $8,181,411.77. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the business. Gradient Investments LLC purchased a new stake in Caterpillar during the 4th quarter worth about $113,000. Lee Financial Co raised its stake in Caterpillar by 365.1% during the first quarter. Lee Financial Co now owns 814 shares of the industrial products company’s stock valued at $120,000 after buying an additional 639 shares during the last quarter. Ballew Advisors Inc purchased a new position in Caterpillar during the first quarter valued at $121,000. Harvest Fund Management Co. Ltd purchased a new position in Caterpillar during the fourth quarter valued at $131,000. Finally, Stelac Advisory Services LLC purchased a new position in Caterpillar during the first quarter valued at $129,000. 69.57% of the stock is currently owned by institutional investors.
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.
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