UBS Group set a $190.00 target price on Caterpillar (NYSE:CAT) in a report published on Thursday morning, www.tipranks.com reports. The firm currently has a buy rating on the industrial products company’s stock.
Other equities analysts have also recently issued reports about the company. Argus lifted their price objective on Caterpillar from $130.00 to $155.00 and gave the stock a buy rating in a report on Thursday, October 26th. Tigress Financial reaffirmed a buy rating on shares of Caterpillar in a report on Monday, October 30th. Bank of America set a $152.00 price objective on Caterpillar and gave the stock a buy rating in a report on Wednesday, October 25th. BMO Capital Markets reaffirmed a buy rating and set a $150.00 price objective on shares of Caterpillar in a report on Friday, October 20th. Finally, ValuEngine raised Caterpillar from a hold rating to a buy rating in a report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $167.60.
Shares of Caterpillar (NYSE:CAT) opened at $156.29 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.35 and a debt-to-equity ratio of 1.73. Caterpillar has a 12 month low of $90.34 and a 12 month high of $173.24. The firm has a market capitalization of $93,402.96, a P/E ratio of 124.04, a P/E/G ratio of 1.67 and a beta of 1.23.
Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, January 25th. The industrial products company reported $2.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.39. The firm had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $12.01 billion. Caterpillar had a return on equity of 28.69% and a net margin of 1.66%. The company’s revenue for the quarter was up 34.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.83 earnings per share. research analysts anticipate that Caterpillar will post 9.05 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Monday, January 22nd will be issued a $0.78 dividend. The ex-dividend date is Friday, January 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.00%. Caterpillar’s dividend payout ratio (DPR) is 247.62%.
In other news, CFO Bradley M. Halverson sold 17,210 shares of Caterpillar 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 completion of the sale, the chief financial officer now owns 7,814 shares of the company’s stock, valued at $1,073,096.62. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Thomas A. Pellette sold 95,199 shares of Caterpillar stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $163.09, for a total value of $15,526,004.91. Following the completion of the sale, the insider now directly owns 96,268 shares of the company’s stock, valued at approximately $15,700,348.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 118,784 shares of company stock valued at $18,776,796. Insiders own 0.14% of the company’s stock.
Several large investors have recently made changes to their positions in CAT. Quadrant Capital Group LLC grew 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 valued at $102,000 after purchasing an additional 128 shares during the period. Acrospire Investment Management LLC grew 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 valued at $107,000 after purchasing an additional 900 shares during the period. Gradient Investments LLC purchased a new stake in shares of Caterpillar in the fourth quarter valued at $113,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Caterpillar in the fourth quarter valued at $131,000. Finally, Clearbridge LLC purchased a new stake in shares of Caterpillar in the fourth quarter valued at $140,000. 69.27% of the stock is owned by institutional investors and hedge funds.
Caterpillar Company Profile
Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.
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