Caterpillar Inc. (NYSE:CAT) has received a consensus recommendation of “Buy” from the thirty research firms that are currently covering the company, Marketbeat.com reports. One 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 on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $169.39.
A number of equities analysts have weighed in on CAT shares. Zacks Investment Research raised shares of Caterpillar from a “sell” rating to a “hold” rating in a research note on Monday, April 9th. OTR Global raised shares of Caterpillar to a “positive” rating in a research note on Monday, April 9th. Morgan Stanley started coverage on shares of Caterpillar in a research note on Friday, March 2nd. They set an “overweight” rating and a $185.00 price target on the stock. ValuEngine downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Friday, June 1st. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $210.00 price target on shares of Caterpillar in a research note on Wednesday, March 14th.
Caterpillar traded down $3.60, reaching $139.53, during trading hours on Thursday, Marketbeat.com reports. 5,894,146 shares of the company were exchanged, compared to its average volume of 5,529,342. 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 company has a market cap of $85.69 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.01 and a beta of 1.32. Caterpillar has a 52-week low of $102.30 and a 52-week high of $173.24.
Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, April 24th. The industrial products company reported $2.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.11 by $0.71. The company had revenue of $12.86 billion for 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%. Caterpillar’s revenue was up 30.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.28 earnings per share. research analysts forecast that Caterpillar will post 10.74 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 20th. Investors of record on Friday, July 20th will be issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 2.47%. This is a positive change from Caterpillar’s previous quarterly dividend of $0.78. The ex-dividend date is Thursday, July 19th. Caterpillar’s dividend payout ratio (DPR) is presently 45.35%.
In related news, insider Thomas A. Pellette sold 54,481 shares of the firm’s 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David L. Calhoun purchased 5,000 shares of the stock in a transaction that occurred on Monday, May 14th. The shares were purchased at an average cost of $155.37 per share, with a total value of $776,850.00. Following the completion of the acquisition, the director now owns 19,579 shares in the company, valued at approximately $3,041,989.23. The disclosure for this purchase can be found here. 0.36% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vicus Capital grew its holdings in Caterpillar by 8.2% during the 1st quarter. Vicus Capital now owns 4,462 shares of the industrial products company’s stock worth $658,000 after acquiring an additional 338 shares in the last quarter. Covington Capital Management grew its holdings in Caterpillar by 14.5% during the 4th quarter. Covington Capital Management now owns 2,690 shares of the industrial products company’s stock worth $424,000 after acquiring an additional 340 shares in the last quarter. RiverPoint Capital Management LLC grew its holdings in Caterpillar by 13.1% during the 4th quarter. RiverPoint Capital Management LLC now owns 2,980 shares of the industrial products company’s stock worth $470,000 after acquiring an additional 344 shares in the last quarter. Wade G W & Inc. grew its holdings in Caterpillar by 12.4% during the 1st quarter. Wade G W & Inc. now owns 3,138 shares of the industrial products company’s stock worth $462,000 after acquiring an additional 345 shares in the last quarter. Finally, Bridges Investment Management Inc. grew its holdings in Caterpillar by 7.4% during the 4th quarter. Bridges Investment Management Inc. now owns 5,096 shares of the industrial products company’s stock worth $803,000 after acquiring an additional 350 shares in the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.
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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