Caterpillar, Inc. (NYSE:CAT) – CLSA issued their FY2018 earnings estimates for Caterpillar in a research note issued to investors on Tuesday. CLSA analyst K. Kubacki anticipates that the firm will post earnings of $4.25 per share for the year. CLSA has a “Outperform” rating on the stock.
Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, October 4th. Vetr downgraded shares of Caterpillar from a “sell” rating to a “strong sell” rating and set a $82.00 price objective on the stock. in a report on Monday, November 14th. Credit Suisse Group set a $90.00 price objective on shares of Caterpillar and gave the stock a “buy” rating in a report on Wednesday, September 28th. Barclays PLC reissued an “equal weight” rating and set a $90.00 price objective on shares of Caterpillar in a report on Thursday, October 27th. Finally, Bank of America Corporation reissued a “hold” rating and set a $92.00 price objective on shares of Caterpillar in a report on Monday, October 3rd. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the company. Caterpillar currently has an average rating of “Hold” and an average price target of $80.78.
Caterpillar (NYSE:CAT) traded up 0.87% during mid-day trading on Wednesday, hitting $94.65. 3,887,673 shares of the stock traded hands. The firm’s 50-day moving average is $94.40 and its 200-day moving average is $86.13. Caterpillar has a 12-month low of $56.36 and a 12-month high of $97.40. The company has a market cap of $55.38 billion, a price-to-earnings ratio of 92.07 and a beta of 1.36.
Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.09. Caterpillar had a net margin of 2.54% and a return on equity of 12.79%. The business earned $9.16 billion during the quarter, compared to analysts’ expectations of $9.91 billion. During the same quarter in the prior year, the company posted $0.75 EPS. The business’s revenue for the quarter was down 16.4% on a year-over-year basis.
Several hedge funds and other institutional investors have recently made changes to their positions in CAT. Shell Asset Management Co. boosted its stake in Caterpillar by 6.1% in the second quarter. Shell Asset Management Co. now owns 223,535 shares of the company’s stock valued at $16,946,000 after buying an additional 12,787 shares in the last quarter. Sigma Planning Corp boosted its stake in Caterpillar by 0.6% in the second quarter. Sigma Planning Corp now owns 18,544 shares of the company’s stock valued at $1,406,000 after buying an additional 118 shares in the last quarter. Northwest Investment Counselors LLC boosted its stake in Caterpillar by 11.1% in the second quarter. Northwest Investment Counselors LLC now owns 23,034 shares of the company’s stock valued at $1,746,000 after buying an additional 2,301 shares in the last quarter. Security National Trust Co. boosted its stake in Caterpillar by 2.9% in the second quarter. Security National Trust Co. now owns 15,577 shares of the company’s stock valued at $1,181,000 after buying an additional 440 shares in the last quarter. Finally, Highstreet Asset Management Inc. boosted its stake in Caterpillar by 4.8% in the second quarter. Highstreet Asset Management Inc. now owns 26,300 shares of the company’s stock valued at $1,994,000 after buying an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 69.04% of the company’s stock.
In other news, Director Daniel M. Dickinson sold 950 shares of the company’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $93.52, for a total value of $88,844.00. Following the completion of the transaction, the director now directly owns 17,476 shares in the company, valued at $1,634,355.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is currently owned by insiders.
The company also recently announced a quarterly dividend, which will be paid on Saturday, February 18th. Stockholders of record on Friday, January 20th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Wednesday, January 18th. This represents a $3.08 annualized dividend and a dividend yield of 3.28%. Caterpillar’s dividend payout ratio (DPR) is presently 179.07%.
Caterpillar Company Profile
Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through its three product segments: Resource Industries, Construction Industries, and Energy & Transportation. It also provides financing and related services through its Financial Products segment.
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