A variety of experts have actually just recently weighed in on CAT shares. StockNews.com raised Caterpillar from a “purchase” ranking to a “strong-buy” ranking in a research study note on Thursday, February second. Citigroup increased their cost goal on Caterpillar to $250.00 in a report on Wednesday, December 14th. Credit Suisse Group increased their cost goal on Caterpillar from $290.00 to $306.00 and offered the stock an “outperform” ranking in a report on Wednesday, February 1st. UBS Group reduced Caterpillar from a “purchase” ranking to a “neutral” ranking and raised their cost target for the business from $225.00 to $230.00 in a report on Monday, October 31st. Finally, Robert W. Baird raised their cost target on Caterpillar from $224.00 to $242.00 in a report on Thursday, October 27th.
Caterpillar Stock Down 0.3 %
Shares of NYSE CAT opened at $248.87 on Thursday. Caterpillar has a one year low of $160.60 and a one year high of $266.04. The business has a debt-to-equity ratio of 1.62, an existing ratio of 1.39 and a fast ratio of 0.87. The company’s 50 day easy moving average is $244.19 and its two-hundred day easy moving average is $212.97. The stock has a market capitalization of $129.51 billion, a P/E ratio of 19.67, a PEG ratio of 1.35 and a beta of 1.11.
Caterpillar (NYSE:CAT – Get Rating) last provided its quarterly profits outcomes on Tuesday, January 31st. The commercial items business reported $3.86 EPS for the quarter, missing out on experts’ agreement price quotes of $3.95 by ($0.09). Caterpillar had a net margin of 11.28% and a return on equity of 45.61%. The business had earnings of $16.60 billion for the quarter, compared to the agreement quote of $15.84 billion. During the very same quarter in the previous year, the business made $2.69 profits per share. The company’s earnings was up 20.3% on a year-over-year basis. As a group, experts anticipate that Caterpillar will publish 15.57 EPS for the present .
Caterpillar Dividend Announcement
The business likewise just recently revealed a quarterly dividend, which will be paid on Friday, February 17th. Investors of record on Friday, January 20th will be paid a dividend of $1.20 per share. The ex-dividend date is Thursday, January 19th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.93%. Caterpillar’s dividend payment ratio (DPR) is currently 37.94%.
Insider Buying and Selling
In associated news, Director Daniel M. Dickinson offered 6,070 shares of the business’s stock in a deal that took place on Monday, February sixth. The stock was cost a typical cost of $251.22, for an overall worth of $1,524,905.40. Following the deal, the director now straight owns 5,038 shares of the business’s stock, valued at roughly $1,265,646.36. The deal was revealed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, expert Cheryl H. Johnson offered 23,883 shares of the business’s stock in a deal that took place on Friday, February 3rd. The stock was cost a typical cost of $250.44, for an overall deal of $5,981,258.52. Following the sale, the expert now straight owns 13,857 shares of the business’s stock, valued at roughly $3,470,347.08. The sale was revealed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel M. Dickinson offered 6,070 shares of the business’s stock in a deal that took place on Monday, February sixth. The stock was cost a typical cost of $251.22, for an overall worth of $1,524,905.40. Following the sale, the director now straight owns 5,038 shares in the business, valued at $1,265,646.36. The disclosure for this sale can be discovered here. In the last 3 months, experts have actually offered 84,868 shares of business stock valued at $20,958,609. Corporate experts own 0.27% of the business’s stock.
Institutional Trading of Caterpillar
Several hedge funds and other institutional financiers have actually just recently purchased and offered shares of CAT. Curi Wealth Management LLC raised its holdings in Caterpillar by 289.7% throughout the second quarter. Curi Wealth Management LLC now owns 152 shares of the commercial items business’s stock valued at $27,000 after purchasing an extra 113 shares throughout the duration. Iron Horse Wealth Management LLC grew its position in Caterpillar by 286.7% in the fourth quarter. Iron Horse Wealth Management LLC now owns 116 shares of the commercial items business’s stock valued at $28,000 after obtaining an extra 86 shares throughout the last quarter. Castle Wealth Management LLC purchased a brand-new position in Caterpillar in the second quarter valued at $33,000. Morgan Dempsey Capital Management LLC purchased a brand-new position in Caterpillar in the 3rd quarter valued at $33,000. Finally, Cowa LLC purchased a brand-new position in Caterpillar in the 3rd quarter valued at $33,000. Hedge funds and other institutional financiers own 68.02% of the business’s stock.
About Caterpillar
(Get Rating)
Caterpillar, Inc takes part in the manufacture of building and construction and mining equipment, diesel and gas engines, commercial gas turbines, and diesel-electric engines. It runs through the following sections: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.
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