Caterpillar (NYSE:CAT – Get Free Report) final issued its quarterly earnings knowledge on Monday, February fifth. The industrial merchandise firm reported $5.23 earnings per share for the quarter, beating the consensus estimate of $4.76 by $0.47. The agency had income of $17.07 billion for the quarter, in comparison with analyst estimates of $17.06 billion. Caterpillar had a internet margin of 15.41% and a return on fairness of 56.99%. The firm’s income for the quarter was up 2.8% on a year-over-year foundation. During the identical quarter final yr, the agency earned $3.86 earnings per share. On common, analysts count on Caterpillar to publish $21 EPS for the present fiscal yr and $23 EPS for the following fiscal yr.
Caterpillar Stock Down 0.4 %
Caterpillar inventory opened at $358.33 on Thursday. The firm has a market capitalization of $178.95 billion, a P/E ratio of 17.79, a P/E/G ratio of 1.62 and a beta of 1.17. Caterpillar has a 1-year low of $204.04 and a 1-year excessive of $382.01. The agency’s fifty day easy shifting common is $345.24 and its 200-day easy shifting common is $296.78. The firm has a present ratio of 1.35, a fast ratio of 0.87 and a debt-to-equity ratio of 1.25.
Caterpillar Announces Dividend
The firm additionally just lately disclosed a quarterly dividend, which might be paid on Monday, May twentieth. Investors of file on Monday, April twenty second might be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, April nineteenth. Caterpillar’s dividend payout ratio is at the moment 25.82%.
Insider Buying and Selling at Caterpillar
In different Caterpillar information, Director David Maclennan bought 350 shares of Caterpillar inventory in a transaction that occurred on Friday, February twenty third. The shares have been purchased at a mean value of $323.37 per share, for a complete transaction of $113,179.50. Following the acquisition, the director now immediately owns 5,238 shares within the firm, valued at $1,693,812.06. The transaction was disclosed in a authorized submitting with the Securities & Exchange Commission, which is available by way of this hyperlink. In associated information, CFO Andrew R. J. Bonfield bought 10,000 shares of Caterpillar inventory in a transaction dated Friday, February 2nd. The inventory was bought at a mean value of $310.10, for a complete worth of $3,101,000.00. Following the completion of the sale, the chief monetary officer now immediately owns 57,317 shares within the firm, valued at roughly $17,774,001.70. The transaction was disclosed in a submitting with the Securities & Exchange Commission, which is available by way of this hyperlink. Also, Director David Maclennan bought 350 shares of the corporate’s inventory in a transaction dated Friday, February twenty third. The inventory was bought at a mean value of $323.37 per share, for a complete transaction of $113,179.50. Following the completion of the acquisition, the director now owns 5,238 shares within the firm, valued at $1,693,812.06. The disclosure for this buy might be discovered right here. Over the final 90 days, insiders bought 45,769 shares of firm inventory price $14,509,306. 0.33% of the inventory is at the moment owned by insiders.
Institutional Inflows and Outflows
Various massive traders have just lately modified their holdings of the corporate. Coppell Advisory Solutions LLC bought a brand new position in shares of Caterpillar within the second quarter price $60,000. Quarry LP elevated its holdings in Caterpillar by 376.7% within the 1st quarter. Quarry LP now owns 205 shares of the economic merchandise firm’s inventory valued at $47,000 after buying a further 162 shares over the last quarter. KB Financial Partners LLC bought a brand new stake in Caterpillar within the 1st quarter price $43,000. Compass Wealth Management LLC purchased a brand new position in shares of Caterpillar through the 4th quarter valued at about $40,000. Finally, HWG Holdings LP grew its position in shares of Caterpillar by 636.4% through the second quarter. HWG Holdings LP now owns 162 shares of the economic merchandise firm’s inventory valued at $40,000 after buying a further 140 shares within the final quarter. Hedge funds and different institutional traders personal 70.98% of the corporate’s inventory.
Analyst Ratings Changes
CAT has been the subject of a number of analysis analyst experiences. Evercore ISI downgraded shares of Caterpillar from an “outperform” score to an “in-line” score and raised their value goal for the inventory from $321.00 to $338.00 in a analysis observe on Tuesday, February twentieth. Sanford C. Bernstein upped their value goal on shares of Caterpillar from $216.00 to $245.00 and gave the corporate a “market perform” score in a analysis report on Thursday, December twenty first. TD Cowen lifted their goal value on Caterpillar from $300.00 to $338.00 and gave the inventory an “outperform” score in a analysis report on Tuesday, February sixth. JPMorgan Chase & Co. upped their value goal on Caterpillar from $385.00 to $435.00 and gave the corporate an “overweight” score in a report on Tuesday. Finally, Citigroup lifted their value goal on Caterpillar from $255.00 to $340.00 and gave the inventory a “neutral” score in a report on Monday, February twelfth. One analyst has rated the inventory with a promote score, eight have issued a maintain score and 9 have given a purchase score to the inventory. According to MarketBeat.com, Caterpillar presently has a mean score of “Hold” and a consensus goal value of $307.56.
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About Caterpillar
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Caterpillar Inc manufactures and sells building and mining tools, off-highway diesel and pure fuel engines, industrial fuel generators, and diesel-electric locomotives in worldwide. Its Construction Industries phase gives asphalt pavers, compactors, highway reclaimers, forestry machines, chilly planers, materials handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact monitor, wheel, track-type, backhoe, and skid steer loaders; and associated elements and instruments.
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