Caterpillar Inc. (NYSE:CAT) was downgraded by Vetr from a “hold” rating to a “sell” rating in a report issued on Tuesday. They presently have a $90.75 target price on the industrial products company’s stock. Vetr‘s price objective suggests a potential downside of 4.13% from the stock’s previous close.
Other analysts have also issued reports about the stock. Credit Suisse Group AG lowered shares of Caterpillar to a “buy” rating in a research report on Friday, January 27th. Evercore ISI raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Friday, February 10th. Goldman Sachs Group Inc raised shares of Caterpillar from a “buy” rating to a “conviction-buy” rating and set a $120.00 price objective on the stock in a research report on Tuesday, April 4th. Barclays PLC raised their target price on shares of Caterpillar from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Friday, January 27th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $80.00 target price on shares of Caterpillar in a research report on Wednesday, December 21st. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Caterpillar presently has a consensus rating of “Hold” and an average price target of $93.22.
Caterpillar (NYSE:CAT) traded up 0.01% on Tuesday, reaching $94.67. The company’s stock had a trading volume of 2,851,301 shares. The company’s market cap is $55.52 billion. Caterpillar has a 12 month low of $69.04 and a 12 month high of $99.46. The company has a 50-day moving average price of $93.73 and a 200 day moving average price of $92.82.
Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, January 26th. The industrial products company reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.17. Caterpillar had a negative net margin of 0.17% and a positive return on equity of 13.44%. The company had revenue of $9.57 billion for the quarter, compared to analyst estimates of $9.87 billion. During the same period in the prior year, the company posted $0.74 EPS. The firm’s revenue for the quarter was down 13.2% on a year-over-year basis. On average, equities research analysts anticipate that Caterpillar will post $3.25 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, May 20th. Investors of record on Monday, April 24th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Thursday, April 20th. Caterpillar’s payout ratio is currently -2,369.23%.
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In other news, insider Lange Bob De purchased 1,000 shares of the stock in a transaction on Tuesday, February 21st. The stock was bought at an average price of $99.32 per share, for a total transaction of $99,320.00. Following the acquisition, the insider now directly owns 10,230 shares of the company’s stock, valued at approximately $1,016,043.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel M. Dickinson sold 3,884 shares of the business’s stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of $97.90, for a total transaction of $380,243.60. The disclosure for this sale can be found here. 0.15% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of CAT. Patten Group Inc. boosted its position in Caterpillar by 0.4% in the third quarter. Patten Group Inc. now owns 1,148 shares of the industrial products company’s stock valued at $100,000 after buying an additional 5 shares during the period. Northstar Group Inc. boosted its position in Caterpillar by 0.3% in the first quarter. Northstar Group Inc. now owns 2,377 shares of the industrial products company’s stock valued at $219,000 after buying an additional 8 shares during the period. Bingham Osborn & Scarborough LLC boosted its position in Caterpillar by 0.4% in the fourth quarter. Bingham Osborn & Scarborough LLC now owns 2,303 shares of the industrial products company’s stock valued at $214,000 after buying an additional 9 shares during the period. Steinberg Global Asset Management boosted its position in Caterpillar by 0.5% in the third quarter. Steinberg Global Asset Management now owns 3,042 shares of the industrial products company’s stock valued at $270,000 after buying an additional 15 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in Caterpillar by 1.3% in the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,533 shares of the industrial products company’s stock valued at $135,000 after buying an additional 20 shares during the period. Institutional investors own 70.97% of the company’s stock.
Caterpillar Company Profile
To view Vetr’s full report, visit Vetr’s official website.
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