A lot of different analysis analysts have additionally weighed in on the corporate. Citigroup lifted their goal worth on Caterpillar from $240.00 to $270.00 and gave the corporate a “impartial” score in a report on Monday, July seventeenth. Stifel Nicolaus lifted their goal worth on Caterpillar from $275.00 to $300.00 and gave the corporate a “purchase” score in a report on Wednesday, August 2nd. Robert W. Baird lifted their goal worth on Caterpillar from $183.00 to $234.00 and gave the corporate an “underperform” score in a report on Wednesday, August 2nd. Credit Suisse Group lifted their goal worth on Caterpillar from $279.00 to $334.00 and gave the corporate an “outperform” score in a report on Wednesday, August 2nd. Finally, Wells Fargo & Company lifted their goal worth on Caterpillar from $240.00 to $285.00 and gave the corporate an “equal weight” score in a report on Wednesday, August 2nd. Three funding analysts have rated the inventory with a promote score, six have given a maintain score and 9 have assigned a purchase score to the corporate. According to information from MarketBeat, Caterpillar presently has a mean score of “Hold” and a mean worth goal of $267.00.
Read Our Latest Research Report on Caterpillar
Caterpillar Trading Down 2.4 %
Shares of Caterpillar inventory opened at $272.01 on Friday. Caterpillar has a 52-week low of $160.60 and a 52-week excessive of $293.88. The inventory’s 50-day easy shifting common is $274.98 and its 200 day easy shifting common is $243.12. The inventory has a market capitalization of $138.75 billion, a P/E ratio of 16.93, a P/E/G ratio of 1.18 and a beta of 1.13. The firm has a debt-to-equity ratio of 1.26, a fast ratio of 0.83 and a present ratio of 1.33.
Caterpillar (NYSE:CAT – Get Free Report) final introduced its quarterly earnings information on Tuesday, August 1st. The industrial merchandise firm reported $5.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.57 by $0.98. Caterpillar had a return on fairness of 55.93% and a internet margin of 12.91%. The business had income of $17.30 billion for the quarter, in comparison with analysts’ expectations of $16.46 billion. During the identical interval within the earlier 12 months, the business posted $3.18 EPS. The agency’s quarterly income was up 21.4% in comparison with the identical quarter final 12 months. As a gaggle, analysis analysts anticipate that Caterpillar will submit 19.82 EPS for the present 12 months.
Insiders Place Their Bets
In different Caterpillar information, insider Cheryl H. Johnson offered 6,415 shares of the corporate’s inventory in a transaction that occurred on Tuesday, July 18th. The inventory was offered at a mean worth of $260.00, for a complete worth of $1,667,900.00. Following the completion of the sale, the insider now owns 16,362 shares of the corporate’s inventory, valued at $4,254,120. The sale was disclosed in a authorized submitting with the SEC, which could be accessed by this link. In different Caterpillar information, insider Cheryl H. Johnson offered 6,415 shares of the business’s inventory in a transaction that occurred on Tuesday, July 18th. The inventory was offered at a mean worth of $260.00, for a complete worth of $1,667,900.00. Following the completion of the sale, the insider now owns 16,362 shares within the firm, valued at $4,254,120. The sale was disclosed in a submitting with the Securities & Exchange Commission, which is accessible by the SEC website. Also, insider Lange Bob De offered 20,000 shares of the business’s inventory in a transaction that occurred on Tuesday, August 1st. The shares have been offered at a mean worth of $275.00, for a complete worth of $5,500,000.00. Following the completion of the sale, the insider now owns 53,671 shares of the corporate’s inventory, valued at roughly $14,759,525. The disclosure for this sale could be discovered here. Insiders offered a complete of 54,918 shares of firm inventory valued at $15,299,870 during the last quarter. 0.33% of the inventory is owned by company insiders.
Institutional Trading of Caterpillar
Several hedge funds and different institutional traders have just lately purchased and offered shares of the inventory. Moneta Group Investment Advisors LLC raised its holdings in shares of Caterpillar by 130,632.5% through the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,784,017 shares of the economic merchandise firm’s inventory valued at $2,343,859,000 after buying a further 9,776,533 shares within the final quarter. Geode Capital Management LLC raised its holdings in shares of Caterpillar by 1.7% through the second quarter. Geode Capital Management LLC now owns 9,532,245 shares of the economic merchandise firm’s inventory valued at $2,339,234,000 after buying a further 156,608 shares within the final quarter. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of Caterpillar by 98,763.3% through the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,679,209 shares of the economic merchandise firm’s inventory valued at $2,135,519,000 after buying a further 8,670,430 shares within the final quarter. Fisher Asset Management LLC raised its holdings in shares of Caterpillar by 2.7% through the second quarter. Fisher Asset Management LLC now owns 7,725,757 shares of the economic merchandise firm’s inventory valued at $1,900,922,000 after buying a further 202,888 shares within the final quarter. Finally, Morgan Stanley raised its holdings in shares of Caterpillar by 17.2% through the fourth quarter. Morgan Stanley now owns 6,608,165 shares of the economic merchandise firm’s inventory valued at $1,583,053,000 after buying a further 969,222 shares within the final quarter. Institutional traders personal 69.20% of the corporate’s inventory.
Caterpillar Company Profile
(Get Free Report)
Caterpillar, Inc engages within the manufacture of development and mining tools, diesel and pure fuel engines, industrial fuel generators, and diesel-electric locomotives. It operates by the next segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.
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