Caterpillar (CAT) Lowered to “Positive” at OTR Global
Several other research firms also recently commented on CAT. BMO Capital Markets reissued a buy rating and issued a $130.00 price objective on shares of Caterpillar in a report on Friday, September 8th. Vetr downgraded Caterpillar from a buy rating to a hold rating and set a $122.53 price objective for the company. in a report on Monday, September 11th. Jefferies Group reaffirmed a hold rating and set a $100.00 price target on shares of Caterpillar in a report on Tuesday, August 29th. Credit Suisse Group reaffirmed a hold rating and set a $133.00 price target on shares of Caterpillar in a report on Friday, September 22nd. Finally, Goldman Sachs Group raised their price target on Caterpillar from $143.00 to $158.00 and gave the company a buy rating in a report on Monday, October 9th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the stock. Caterpillar currently has a consensus rating of Hold and a consensus price target of $139.14.
Caterpillar (CAT) opened at $149.77 on Monday. The firm has a market cap of $87,288.66, a P/E ratio of 26.44, a PEG ratio of 2.21 and a beta of 1.29. Caterpillar has a 52 week low of $90.34 and a 52 week high of $149.81. 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 also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Monday, January 22nd will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Friday, January 19th. Caterpillar’s dividend payout ratio is currently 216.67%.
In related news, insider Thomas A. Pellette sold 24,547 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $135.69, for a total value of $3,330,782.43. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Bradley M. Halverson sold 2,600 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $137.67, for a total value of $357,942.00. Following the completion of the transaction, the insider now owns 5,214 shares in the company, valued at approximately $717,811.38. The disclosure for this sale can be found here. Insiders have sold 52,989 shares of company stock valued at $7,235,850 in the last three months. Insiders own 0.14% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of CAT. Quadrant Capital Group LLC grew its position in 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 acquiring an additional 128 shares during the last quarter. Baker Ellis Asset Management LLC bought a new position in Caterpillar in the second quarter valued at about $104,000. Motco grew its position in Caterpillar by 264.9% in the second quarter. Motco now owns 989 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 718 shares during the last quarter. Harbour Capital Advisors LLC bought a new position in Caterpillar in the first quarter valued at about $107,000. Finally, Acrospire Investment Management LLC grew its holdings in shares of Caterpillar by 900.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 900 shares during the last quarter. Institutional investors own 68.53% of the company’s stock.
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Caterpillar Company Profile
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