Shares of Caterpillar Inc. (NYSE:CAT) have received an average recommendation of “Buy” from the thirty-two research firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation, sixteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $151.51.
Several analysts have recently commented on the company. Robert W. Baird set a $171.00 price target on Caterpillar and gave the company a “buy” rating in a report on Wednesday, October 24th. DZ Bank upgraded shares of Caterpillar to a “hold” rating and reduced their target price for the company from $127.00 to $119.00 in a research note on Wednesday, October 24th. Deutsche Bank set a $177.00 target price on shares of Caterpillar and gave the company a “buy” rating in a research note on Wednesday, October 24th. JPMorgan Chase & Co. set a $188.00 target price on shares of Caterpillar and gave the company a “buy” rating in a research note on Tuesday, October 23rd. Finally, Barclays reiterated a “hold” rating on shares of Caterpillar in a research note on Wednesday, October 24th.
Several hedge funds and other institutional investors have recently bought and sold shares of CAT. Bristlecone Advisors LLC acquired a new stake in shares of Caterpillar in the third quarter valued at approximately $912,000. GSB Wealth Management LLC acquired a new stake in shares of Caterpillar in the third quarter valued at approximately $305,000. IFM Investors Pty Ltd boosted its stake in Caterpillar by 16.7% in the third quarter. IFM Investors Pty Ltd now owns 31,594 shares of the industrial products company’s stock valued at $4,818,000 after acquiring an additional 4,527 shares during the last quarter. Culbertson A N & Co. Inc. boosted its stake in Caterpillar by 2.5% in the third quarter. Culbertson A N & Co. Inc. now owns 39,567 shares of the industrial products company’s stock valued at $6,034,000 after acquiring an additional 950 shares during the last quarter. Finally, St. Johns Investment Management Company LLC bought a new position in Caterpillar in the third quarter valued at approximately $106,000. 68.90% of the stock is owned by institutional investors.
Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Monday, January 28th. The industrial products company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.43). Caterpillar had a return on equity of 45.31% and a net margin of 11.23%. The company had revenue of $14.34 billion for the quarter, compared to analyst estimates of $14.36 billion. During the same period in the previous year, the business posted $2.16 earnings per share. The firm’s revenue was up 11.2% compared to the same quarter last year. Equities analysts predict that Caterpillar will post 12.24 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 20th. Investors of record on Tuesday, January 22nd will be given a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 2.53%. The ex-dividend date is Friday, January 18th. Caterpillar’s dividend payout ratio (DPR) is presently 30.66%.
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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