Caterpillar, Inc. (CAT) Receives $133.70 Consensus Target Price from Analysts
Shares of Caterpillar, Inc. (NYSE:CAT) have received a consensus rating of “Hold” from the thirty brokerages that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $133.70.
CAT has been the topic of a number of analyst reports. BidaskClub upgraded shares of Caterpillar from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Seaport Global Securities initiated coverage on shares of Caterpillar in a report on Wednesday, September 6th. They issued a “neutral” rating and a $120.00 price objective on the stock. Wells Fargo & Company restated an “outperform” rating on shares of Caterpillar in a report on Wednesday, July 26th. Vetr lowered shares of Caterpillar from a “buy” rating to a “hold” rating and set a $120.03 price objective on the stock. in a report on Tuesday, August 22nd. Finally, Credit Suisse Group restated an “outperform” rating and issued a $146.00 price objective (up from $133.00) on shares of Caterpillar in a report on Wednesday, October 18th.
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Shares of Caterpillar (NYSE:CAT) traded up $0.91 during mid-day trading on Wednesday, reaching $137.54. 956,224 shares of the company’s stock traded hands, compared to its average volume of 4,416,385. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.44 and a quick ratio of 1.04. Caterpillar has a 52 week low of $80.59 and a 52 week high of $140.44. The stock has a market cap of $81,285.79, a PE ratio of 24.62, a PEG ratio of 2.07 and a beta of 1.29.
Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.68. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The business had revenue of $11.41 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same period last year, the business earned $0.85 EPS. The company’s revenue was up 24.6% on a year-over-year basis. sell-side analysts predict that Caterpillar will post 6.4 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, October 23rd will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Friday, October 20th. Caterpillar’s payout ratio is 216.67%.
In other news, insider Lange Bob De sold 1,572 shares of Caterpillar stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $137.58, for a total value of $216,275.76. Following the sale, the insider now owns 11,096 shares of the company’s stock, valued at $1,526,587.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel M. Dickinson sold 3,813 shares of Caterpillar stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $137.09, for a total transaction of $522,724.17. Following the completion of the sale, the director now directly owns 6,554 shares in the company, valued at approximately $898,487.86. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.
Several large investors have recently modified their holdings of CAT. Quadrant Capital Group LLC boosted its holdings 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 acquiring an additional 128 shares in the last quarter. Baker Ellis Asset Management LLC purchased a new stake in shares of Caterpillar in the second quarter valued at about $104,000. Motco boosted its holdings in shares of 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 in the last quarter. Harbour Capital Advisors LLC purchased a new stake in Caterpillar during the first quarter worth about $107,000. Finally, Acrospire Investment Management LLC boosted its holdings in 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 buying an additional 900 shares in the last quarter. 69.41% of the stock is currently owned by institutional investors and hedge funds.
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