Caterpillar (CAT) Earning Somewhat Positive News Coverage, Analysis Shows

News stories about Caterpillar (NYSE:CAT) have been trending somewhat positive on Monday, according to Accern. Accern scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Caterpillar earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 46.9428886261629 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:

A number of research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Caterpillar from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday. Stifel Nicolaus reiterated a “hold” rating and issued a $174.00 price objective (down from $176.00) on shares of Caterpillar in a research note on Monday, May 14th. Bank of America reiterated a “hold” rating and issued a $163.00 price objective on shares of Caterpillar in a research note on Friday. Buckingham Research assumed coverage on shares of Caterpillar in a research note on Wednesday, April 11th. They issued a “buy” rating and a $170.00 price objective for the company. Finally, Morgan Stanley set a $185.00 price objective on shares of Caterpillar and gave the company a “buy” rating in a research note on Wednesday, April 25th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $173.16.

Caterpillar opened at $150.02 on Monday, according to Marketbeat.com. Caterpillar has a 52-week low of $102.30 and a 52-week high of $173.24. The company has a quick ratio of 0.96, a current ratio of 1.36 and a debt-to-equity ratio of 1.52. The firm has a market cap of $89.70 billion, a PE ratio of 21.81, a P/E/G ratio of 1.06 and a beta of 1.32.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, April 24th. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.71. Caterpillar had a net margin of 4.59% and a return on equity of 34.38%. The company had revenue of $12.86 billion during the quarter, compared to the consensus estimate of $11.99 billion. During the same period in the previous year, the firm posted $1.28 EPS. The firm’s revenue was up 30.9% compared to the same quarter last year. equities analysts expect that Caterpillar will post 10.72 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 20th. Stockholders of record on Friday, July 20th will be issued a dividend of $0.86 per share. This is an increase from Caterpillar’s previous quarterly dividend of $0.78. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Thursday, July 19th. Caterpillar’s payout ratio is currently 45.35%.

In other news, insider Thomas A. Pellette sold 54,481 shares of Caterpillar stock in a transaction on Monday, May 7th. The shares were sold at an average price of $150.17, for a total transaction of $8,181,411.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Joseph E. Creed sold 4,532 shares of Caterpillar stock in a transaction on Friday, May 11th. The stock was sold at an average price of $155.67, for a total transaction of $705,496.44. Following the sale, the chief financial officer now directly owns 2,554 shares of the company’s stock, valued at $397,581.18. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.

About Caterpillar

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.

Insider Buying and Selling by Quarter for Caterpillar (NYSE:CAT)

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.


Leave a Reply