Caterpillar Price Performance
Caterpillar inventory opened at $336.89 on Friday. The business’s fifty day transferring common is $305.25 and its two-hundred day transferring common is $278.44. The firm has a debt-to-equity ratio of 1.25, a fast ratio of 0.87 and a present ratio of 1.35. The agency has a market cap of $171.51 billion, a P/E ratio of 16.73, a P/E/G ratio of 1.57 and a beta of 1.15. Caterpillar Inc. has a 52 week low of $204.04 and a 52 week excessive of $337.77.
Caterpillar (NYSE:CAT – Get Free Report) final issued its quarterly earnings outcomes on Monday, February fifth. The industrial merchandise firm reported $5.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.76 by $0.47. The business had income of $17.07 billion for the quarter, in comparison with the consensus estimate of $17.06 billion. Caterpillar had a internet margin of 15.41% and a return on fairness of 56.99%. The agency’s quarterly income was up 2.8% on a year-over-year foundation. During the identical quarter within the prior 12 months, the corporate earned $3.86 EPS. Equities analysis analysts forecast that Caterpillar Inc. will publish 21.24 earnings per share for the present fiscal 12 months.
Caterpillar Dividend Announcement
The business additionally not too long ago disclosed a quarterly dividend, which was paid on Tuesday, February twentieth. Investors of document on Monday, January twenty second got a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 1.54%. The ex-dividend date was Friday, January nineteenth. Caterpillar’s dividend payout ratio (DPR) is presently 25.82%.
Institutional Inflows and Outflows
Numerous hedge funds have not too long ago purchased and offered shares of CAT. McIlrath & Eck LLC raised its holdings in Caterpillar by 4.4% throughout the 4th quarter. McIlrath & Eck LLC now owns 789 shares of the commercial merchandise firm’s inventory value $233,000 after buying a further 33 shares over the last quarter. Lodestar Private Asset Management LLC lifted its holdings in Caterpillar by 4.4% within the fourth quarter. Lodestar Private Asset Management LLC now owns 830 shares of the commercial merchandise firm’s inventory valued at $245,000 after shopping for a further 35 shares throughout the interval. Desjardins Global Asset Management Inc. boosted its stake in Caterpillar by 1.4% within the fourth quarter. Desjardins Global Asset Management Inc. now owns 2,616 shares of the commercial merchandise firm’s inventory valued at $774,000 after buying a further 35 shares over the last quarter. Cornerstone Wealth Management LLC raised its position in shares of Caterpillar by 1.0% throughout the 4th quarter. Cornerstone Wealth Management LLC now owns 3,507 shares of the commercial merchandise firm’s inventory valued at $1,037,000 after buying a further 36 shares over the last quarter. Finally, ACT Wealth Management LLC lifted its stake in shares of Caterpillar by 4.3% within the 4th quarter. ACT Wealth Management LLC now owns 877 shares of the commercial merchandise firm’s inventory valued at $259,000 after buying a further 36 shares throughout the interval. 69.20% of the inventory is at the moment owned by institutional traders.
Analyst Ratings Changes
Numerous analysis companies not too long ago weighed in on CAT. HSBC began protection on Caterpillar in a analysis observe on Monday, November twentieth. They set a “hold” ranking and a $250.00 value goal on the inventory. The Goldman Sachs Group upped their goal value on Caterpillar from $274.00 to $357.00 and gave the corporate a “buy” ranking in a analysis observe on Tuesday, February sixth. Morgan Stanley started protection on shares of Caterpillar in a analysis observe on Monday, January eighth. They set an “equal weight” ranking and a $270.00 value goal on the inventory. Stifel Nicolaus elevated their value goal on shares of Caterpillar from $285.00 to $293.00 and gave the corporate a “buy” ranking in a analysis observe on Tuesday, December nineteenth. Finally, JPMorgan Chase & Co. lifted their goal value on shares of Caterpillar from $345.00 to $385.00 and gave the corporate an “overweight” ranking in a analysis report on Tuesday, February sixth. Two funding analysts have rated the inventory with a promote ranking, 9 have assigned a maintain ranking and eight have assigned a purchase ranking to the inventory. According to knowledge from MarketBeat.com, the inventory has a mean ranking of “Hold” and a consensus goal value of $292.78.
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About Caterpillar
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Caterpillar Inc manufactures and sells building and mining gear, off-highway diesel and pure fuel engines, industrial fuel generators, and diesel-electric locomotives in worldwide. Its Construction Industries phase gives asphalt pavers, compactors, street 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.
Further Reading
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