Caterpillar (CAT) Receiving Negative Press Coverage, Study Finds
Media headlines about Caterpillar (NYSE:CAT) have trended negative on Saturday, InfoTrie Sentiment reports. InfoTrie rates the sentiment of news coverage by reviewing more than 6,000 news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Caterpillar earned a media sentiment score of -2.07 on their scale. InfoTrie also gave news headlines about the industrial products company an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Caterpillar’s score:
- Key to be triumphant in the market: Caterpillar Inc. (CAT), Jacobs Engineering Group Inc. (JEC) (finbulletin.com)
- Caterpillar Inc. (CAT) This Volatile Stock Needed A Break (rnsdaily.com)
- Caterpillar 796 AC, 798 AC Mining Trucks (constructionequipment.com)
- THE VERY HUNGRY CATERPILLAR Starts Munching Saturday (broadwayworld.com)
- Caterpillar D11 Crawler Dozer (constructionequipment.com)
Shares of CAT stock traded down $4.48 on Friday, reaching $126.91. The stock had a trading volume of 7,246,377 shares, compared to its average volume of 8,785,695. The stock has a market cap of $79.72 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 0.74 and a beta of 1.58. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.48. Caterpillar has a 12 month low of $112.06 and a 12 month high of $173.24.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Monday, October 22nd will be issued a $0.86 dividend. The ex-dividend date of this dividend is Friday, October 19th. This represents a $3.44 annualized dividend and a yield of 2.71%. Caterpillar’s dividend payout ratio is currently 50.00%.
A number of equities analysts have recently commented on CAT shares. Stifel Nicolaus reduced their price objective on shares of Caterpillar from $174.00 to $168.00 and set a “hold” rating for the company in a research note on Tuesday, August 7th. Credit Suisse Group reduced their price objective on shares of Caterpillar from $210.00 to $183.00 and set an “outperform” rating for the company in a research note on Wednesday, October 24th. UBS Group set a $185.00 target price on shares of Caterpillar and gave the company a “buy” rating in a report on Wednesday, September 5th. Wells Fargo & Co set a $145.00 target price on shares of Caterpillar and gave the company a “buy” rating in a report on Wednesday, October 24th. Finally, Robert W. Baird set a $171.00 target price on shares of Caterpillar and gave the company a “buy” rating in a report on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $158.55.
In other Caterpillar news, insider Denise C. Johnson sold 35,051 shares of the stock in a transaction dated Tuesday, October 2nd. The shares were sold at an average price of $154.18, for a total value of $5,404,163.18. Following the transaction, the insider now directly owns 22,826 shares of the company’s stock, valued at approximately $3,519,312.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Lange Bob De purchased 1,080 shares of the stock in a transaction on Friday, October 26th. The stock was bought at an average cost of $115.58 per share, for a total transaction of $124,826.40. Following the completion of the acquisition, the insider now owns 11,310 shares in the company, valued at $1,307,209.80. The disclosure for this purchase can be found here. 0.36% of the stock is owned by corporate insiders.
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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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