News stories about Caterpillar (NYSE:CAT) have trended somewhat positive on Sunday, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Caterpillar earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.2689166082549 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Largest infestation of the tussock moth caterpillar in 20 years, Mountain View experts say (ktvu.com)
- After error, payments to be reissued in Caterpillar ACERT engine settlement (overdriveonline.com)
- Caterpillar (CAT) Receives Hold Rating from BMO Capital Markets (americanbankingnews.com)
- Caterpillar defect and lawsuit was ‘a hell of a nightmare’ for truckers (landlinemag.com)
- Caterpillar infestation in Mountain View: ‘They’re dropping from trees’ (sfgate.com)
A number of equities analysts have recently weighed in on CAT shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $195.00 price objective (up previously from $165.00) on shares of Caterpillar in a research note on Thursday, January 4th. ValuEngine raised Caterpillar from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. UBS set a $180.00 price target on Caterpillar and gave the company a “buy” rating in a research note on Friday, January 5th. They noted that the move was a valuation call. Bank of America reissued a “buy” rating and set a $189.00 price target (up from $158.00) on shares of Caterpillar in a research note on Friday, January 12th. Finally, Berenberg Bank started coverage on Caterpillar in a research note on Thursday, January 18th. They set a “buy” rating and a $200.00 price target for the company. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $171.95.
Shares of NYSE:CAT traded down $1.66 during trading on Friday, hitting $153.25. The company had a trading volume of 4,057,801 shares, compared to its average volume of 4,280,248. The firm has a market capitalization of $91,586.18, a price-to-earnings ratio of 22.27, a PEG ratio of 1.39 and a beta of 1.30. Caterpillar has a one year low of $93.81 and a one year high of $173.24. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.35 and a quick ratio of 0.97.
Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, January 25th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.39. The business had revenue of $12.90 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company earned $0.83 EPS. analysts expect that Caterpillar will post 9.22 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, May 19th. Stockholders of record on Monday, April 23rd will be issued a $0.78 dividend. The ex-dividend date of this dividend is Friday, April 20th. This represents a $3.12 annualized dividend and a dividend yield of 2.04%. Caterpillar’s payout ratio is 45.35%.
In other news, insider Thomas A. Pellette sold 95,199 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $163.09, for a total value of $15,526,004.91. Following the sale, the insider now directly owns 96,268 shares in the company, valued at $15,700,348.12. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Suzette M. Long sold 528 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $160.46, for a total value of $84,722.88. Following the completion of the sale, the general counsel now owns 19,646 shares in the company, valued at $3,152,397.16. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.
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Caterpillar Company Profile
Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.
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