Caterpillar Price Performance
Shares of CAT inventory opened at $325.25 on Tuesday. The firm has a debt-to-equity ratio of 1.25, a present ratio of 1.35 and a fast ratio of 0.87. The agency’s 50-day shifting common is $301.96 and its two-hundred day shifting common is $277.02. Caterpillar Inc. has a 12 month low of $204.04 and a 12 month excessive of $334.87. The firm has a market capitalization of $165.58 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 1.55 and a beta of 1.15.
Caterpillar (NYSE:CAT – Get Free Report) final issued its earnings outcomes on Monday, February fifth. The industrial merchandise firm reported $5.23 EPS for the quarter, topping analysts’ consensus estimates of $4.76 by $0.47. The firm 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%. Caterpillar’s quarterly income was up 2.8% in comparison with the identical quarter final yr. During the identical interval within the earlier yr, the agency earned $3.86 earnings per share. Analysts predict that Caterpillar Inc. will put up 21.24 earnings per share for the present yr.
Caterpillar Announces Dividend
The business additionally not too long ago disclosed a quarterly dividend, which was paid on Tuesday, February twentieth. Stockholders of document on Monday, January twenty second got a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, January nineteenth. This represents a $5.20 annualized dividend and a dividend yield of 1.60%. Caterpillar’s dividend payout ratio is presently 25.82%.
Analysts Set New Price Targets
Plenty of equities analysis analysts not too long ago commented on the inventory. TD Cowen elevated their goal value on shares of Caterpillar from $300.00 to $338.00 and gave the corporate an “outperform” ranking in a analysis report on Tuesday, February sixth. Evercore ISI minimize shares of Caterpillar from an “outperform” ranking to an “in-line” ranking and elevated their goal value for the corporate from $321.00 to $338.00 in a analysis report on Tuesday, February twentieth. Wells Fargo & Company raised their value goal on shares of Caterpillar from $290.00 to $325.00 and gave the inventory an “equal weight” ranking in a report on Tuesday, February sixth. The Goldman Sachs Group elevated their value goal on shares of Caterpillar from $274.00 to $357.00 and gave the inventory a “buy” ranking in a analysis observe on Tuesday, February sixth. Finally, StockNews.com lowered shares of Caterpillar from a “strong-buy” ranking to a “buy” ranking in a analysis observe on Tuesday, February twentieth. Two funding analysts have rated the inventory with a promote ranking, 9 have assigned a maintain ranking and eight have issued a purchase ranking to the inventory. Based on information from MarketBeat, the inventory at the moment has a consensus ranking of “Hold” and a mean goal value of $292.78.
Check Out Our Latest Stock Report on Caterpillar
Institutional Trading of Caterpillar
Institutional buyers and hedge funds have not too long ago purchased and bought shares of the business. Syon Capital LLC grew its stake in Caterpillar by 38.6% within the 4th quarter. Syon Capital LLC now owns 5,488 shares of the economic merchandise firm’s inventory valued at $1,623,000 after buying a further 1,529 shares over the last quarter. TKG Advisors LLC lifted its holdings in Caterpillar by 111.2% within the 4th quarter. TKG Advisors LLC now owns 8,185 shares of the economic merchandise firm’s inventory valued at $2,420,000 after buying a further 4,309 shares within the final quarter. Beacon Financial Group lifted its holdings in Caterpillar by 3.9% within the 4th quarter. Beacon Financial Group now owns 1,085 shares of the economic merchandise firm’s inventory valued at $321,000 after buying a further 41 shares within the final quarter. Garde Capital Inc. lifted its holdings in Caterpillar by 5.6% within the 4th quarter. Garde Capital Inc. now owns 5,116 shares of the economic merchandise firm’s inventory valued at $1,513,000 after buying a further 270 shares within the final quarter. Finally, V Square Quantitative Management LLC lifted its holdings in shares of Caterpillar by 56.4% in the course of the 4th quarter. V Square Quantitative Management LLC now owns 6,323 shares of the economic merchandise firm’s inventory price $1,870,000 after buying a further 2,280 shares in the course of the interval. Hedge funds and different institutional buyers personal 69.20% of the corporate’s inventory.
About Caterpillar
(Get Free Report)
Caterpillar Inc manufactures and sells development and mining gear, off-highway diesel and pure gasoline engines, industrial gasoline generators, and diesel-electric locomotives within the United States and internationally. Its Construction Industries section affords asphalt pavers, compactors, highway reclaimers, forestry machines, chilly planers, materials handlers, tractors, excavators, telehandlers, motor graders, and pipelayers; compact monitor and multi-terrain, wheel, track-type, backhoe, and skid steer loaders; and associated components and instruments.
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