Shares of Caterpillar, Inc. (NYSE:CAT) have been given an average rating of “Hold” by the twenty-nine analysts that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and fourteen have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $139.93.
Several equities analysts have recently issued reports on CAT shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $130.00 target price on shares of Caterpillar in a report on Friday, September 8th. Vetr lowered Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 target price for the company. in a report on Monday, September 11th. Jefferies Group reaffirmed a “hold” rating and issued a $100.00 target price on shares of Caterpillar in a report on Tuesday, August 29th. Credit Suisse Group reaffirmed a “hold” rating and issued a $133.00 target price on shares of Caterpillar in a report on Friday, September 22nd. Finally, Goldman Sachs Group upped their target price on Caterpillar from $143.00 to $158.00 and gave the company a “buy” rating in a report on Monday, October 9th.
In other Caterpillar news, insider Bradley M. Halverson sold 2,600 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $137.67, for a total transaction of $357,942.00. Following the sale, the insider now owns 5,214 shares in the company, valued at $717,811.38. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Bradley M. Halverson sold 17,210 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $137.33, for a total value of $2,363,449.30. Following the sale, the chief financial officer now owns 7,814 shares in the company, valued at approximately $1,073,096.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,989 shares of company stock worth $7,235,850. Company insiders own 0.14% of the company’s stock.
Large investors have recently bought and sold shares of the business. Quadrant Capital Group LLC raised its position in shares of Caterpillar by 10.6% in the second quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock worth $102,000 after buying an additional 128 shares in the last quarter. Baker Ellis Asset Management LLC purchased a new stake in shares of Caterpillar in the second quarter worth $104,000. Motco raised its position in shares of Caterpillar by 264.9% in the second quarter. Motco now owns 989 shares of the industrial products company’s stock worth $106,000 after buying an additional 718 shares in the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Caterpillar in the first quarter worth $107,000. Finally, Acrospire Investment Management LLC raised its position in shares of Caterpillar by 900.0% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock worth $107,000 after buying an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 68.53% of the company’s stock.
Shares of Caterpillar (CAT) traded up $1.61 during trading on Thursday, hitting $152.52. The stock had a trading volume of 3,076,000 shares, compared to its average volume of 4,369,551. The stock has a market capitalization of $89,781.44, a P/E ratio of 27.19, a PEG ratio of 2.26 and a beta of 1.29. Caterpillar has a 12-month low of $90.34 and a 12-month high of $152.60. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 1.58.
Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, topping the consensus estimate of $1.27 by $0.68. The firm had revenue of $11.41 billion during the quarter, compared to the consensus estimate of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 earnings per share. equities analysts expect that Caterpillar will post 6.45 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be given a dividend of $0.78 per share. The ex-dividend date is Friday, January 19th. This represents a $3.12 annualized dividend and a dividend yield of 2.05%. Caterpillar’s dividend payout ratio is currently 216.67%.
Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.