Vetr cut shares of Caterpillar, Inc. (NYSE:CAT) from a hold rating to a sell rating in a research report sent to investors on Monday. They currently have $132.29 price target on the industrial products company’s stock.
A number of other equities research analysts also recently issued reports on CAT. Atlantic Securities upgraded shares of Caterpillar from an underweight rating to a neutral rating and upped their price objective for the stock from $85.00 to $115.00 in a research report on Thursday, August 3rd. UBS AG set a $155.00 price objective on shares of Caterpillar and gave the stock a buy rating in a research report on Wednesday, October 25th. Argus restated a buy rating and issued a $113.10 price objective (down from $130.00) on shares of Caterpillar in a research report on Wednesday, August 2nd. Jefferies Group LLC restated a hold rating and issued a $120.00 price objective (up from $100.00) on shares of Caterpillar in a research report on Wednesday, July 26th. Finally, ValuEngine cut shares of Caterpillar from a buy rating to a hold rating in a research report on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the company. Caterpillar currently has a consensus rating of Hold and a consensus price target of $133.76.
Shares of Caterpillar (NYSE:CAT) opened at $135.34 on Monday. Caterpillar has a one year low of $90.34 and a one year high of $140.44. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.04 and a current ratio of 1.44. The company has a market cap of $81,678.44, a price-to-earnings ratio of 24.74, a price-to-earnings-growth ratio of 2.08 and a beta of 1.29.
Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.68. The company had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $10.69 billion. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The firm’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS. equities research analysts forecast that Caterpillar will post 6.4 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, October 23rd will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, October 20th. This represents a $3.12 annualized dividend and a dividend yield of 2.31%. Caterpillar’s payout ratio is presently 216.67%.
In other news, Director Daniel M. Dickinson sold 3,813 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $137.09, for a total transaction of $522,724.17. Following the completion of the transaction, the director now directly owns 6,554 shares in the company, valued at $898,487.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lange Bob De sold 1,572 shares of the firm’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $137.58, for a total value of $216,275.76. Following the transaction, the insider now owns 11,096 shares of the company’s stock, valued at $1,526,587.68. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Caterpillar by 6.1% during the second quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock valued at $4,430,058,000 after acquiring an additional 2,377,623 shares in the last quarter. FMR LLC increased its holdings in shares of Caterpillar by 11.7% during the second quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock valued at $2,107,684,000 after acquiring an additional 2,052,300 shares in the last quarter. Morgan Stanley increased its holdings in shares of Caterpillar by 15.1% during the first quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock valued at $964,579,000 after acquiring an additional 1,365,856 shares in the last quarter. Primecap Management Co. CA increased its holdings in shares of Caterpillar by 16.9% during the first quarter. Primecap Management Co. CA now owns 7,259,063 shares of the industrial products company’s stock valued at $673,351,000 after acquiring an additional 1,047,922 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Caterpillar by 8.1% during the first quarter. Geode Capital Management LLC now owns 5,575,420 shares of the industrial products company’s stock valued at $516,423,000 after acquiring an additional 419,191 shares in the last quarter. Hedge funds and other institutional investors own 69.41% of the company’s stock.
Caterpillar Company Profile
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