Caterpillar (CAT) Scheduled to Post Earnings on Tuesday

Caterpillar (NYSE:CATGet Rating) will release its earnings data before the market opens on Tuesday, January 31st. Analysts expect Caterpillar to post earnings of $3.95 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Caterpillar (NYSE:CATGet Rating) last announced its earnings results on Thursday, October 27th. The industrial products company reported $3.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.19 by $0.76. Caterpillar had a net margin of 13.02% and a return on equity of 41.76%. The business had revenue of $14.99 billion for the quarter, compared to analyst estimates of $14.34 billion. On average, analysts expect Caterpillar to post $14 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Caterpillar Price Performance

Shares of NYSE:CAT traded up $4.91 on Tuesday, hitting $257.61. The stock had a trading volume of 3,494,211 shares, compared to its average volume of 3,236,271. Caterpillar has a twelve month low of $160.60 and a twelve month high of $260.50. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.85 and a current ratio of 1.41. The firm’s 50 day moving average price is $239.91 and its 200-day moving average price is $207.21. The company has a market capitalization of $134.06 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 1.36 and a beta of 1.11.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 17th. Shareholders of record on Friday, January 20th will be issued a dividend of $1.20 per share. The ex-dividend date is Thursday, January 19th. This represents a $4.80 annualized dividend and a yield of 1.86%. Caterpillar’s dividend payout ratio is currently 34.86%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CAT shares. Tigress Financial cut their price objective on Caterpillar from $282.00 to $266.00 and set a “buy” rating for the company in a report on Friday, September 30th. Citigroup increased their price objective on Caterpillar to $250.00 in a research report on Wednesday, December 14th. UBS Group cut Caterpillar from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $225.00 to $230.00 in a research report on Monday, October 31st. JPMorgan Chase & Co. increased their price objective on Caterpillar from $205.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, October 6th. Finally, Daiwa Capital Markets raised their price target on Caterpillar to $205.00 in a research report on Tuesday, November 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Caterpillar currently has an average rating of “Moderate Buy” and a consensus price target of $241.00.

Insider Activity

In other news, insider Denise C. Johnson sold 23,737 shares of Caterpillar stock in a transaction dated Tuesday, December 27th. The stock was sold at an average price of $240.14, for a total transaction of $5,700,203.18. Following the sale, the insider now directly owns 8,605 shares of the company’s stock, valued at $2,066,404.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Denise C. Johnson sold 23,737 shares of Caterpillar stock in a transaction that occurred on Tuesday, December 27th. The stock was sold at an average price of $240.14, for a total value of $5,700,203.18. Following the transaction, the insider now directly owns 8,605 shares of the company’s stock, valued at $2,066,404.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Lange Bob De sold 11,000 shares of Caterpillar stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $250.00, for a total value of $2,750,000.00. Following the completion of the transaction, the insider now directly owns 44,559 shares in the company, valued at $11,139,750. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,915 shares of company stock valued at $13,452,445. 0.27% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Caterpillar

Hedge funds have recently added to or reduced their stakes in the business. Ontario Teachers Pension Plan Board bought a new stake in shares of Caterpillar during the first quarter valued at approximately $433,134,000. Bridgewater Associates LP bought a new stake in shares of Caterpillar during the first quarter valued at approximately $39,035,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Caterpillar by 3.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,697,327 shares of the industrial products company’s stock valued at $601,019,000 after acquiring an additional 98,914 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Caterpillar by 1.7% during the third quarter. Bank of New York Mellon Corp now owns 5,440,783 shares of the industrial products company’s stock valued at $892,724,000 after acquiring an additional 92,360 shares in the last quarter. Finally, Mariner LLC increased its holdings in shares of Caterpillar by 108.7% during the first quarter. Mariner LLC now owns 102,573 shares of the industrial products company’s stock valued at $22,856,000 after acquiring an additional 53,422 shares in the last quarter. 68.02% of the stock is currently owned by institutional investors.

Caterpillar Company Profile

(Get Rating)

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, feller bunchers, harvesters, motorgraders, pipelayers, road reclaimers, skidders, telehandlers, and utility vehicles; backhoe, knuckleboom, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.

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Earnings History for Caterpillar (NYSE:CAT)

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