News articles about Caterpillar (NYSE:CAT) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Caterpillar earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 44.9336643332314 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Caterpillar driving into new market – The State Journal-Register (sj-r.com)
- Can Caterpillar’s Stock Continue to Soar? – Motley Fool (fool.com)
- Caterpillar and tech startup Uptake change course, but focus remains on digital (pjstar.com)
- Global Diesel Gensets Market 2017 – Cummins Inc., Caterpillar Inc., Generac Holdings Inc., Aggreko PLC, Atlas Copco AB (sbwire.com)
- Dividend Machine Fundamentals Applied To CAT – Seeking Alpha (seekingalpha.com)
Caterpillar (NYSE CAT) traded up $0.99 on Monday, reaching $137.12. 1,415,708 shares of the company’s stock were exchanged, compared to its average volume of 4,427,944. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 1.58. Caterpillar has a 12-month low of $90.34 and a 12-month high of $140.44. The firm has a market cap of $80,988.32, a price-to-earnings ratio of 24.53, a PEG ratio of 2.06 and a beta of 1.29.
The company also recently declared 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 2.28%. The ex-dividend date of this dividend is Friday, October 20th. Caterpillar’s dividend payout ratio (DPR) is 216.67%.
A number of research analysts have commented on CAT shares. BMO Capital Markets upgraded shares of Caterpillar from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $110.00 to $125.00 in a research note on Monday, July 24th. BidaskClub cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Wells Fargo & Company restated an “outperform” rating on shares of Caterpillar in a research note on Wednesday, July 26th. Credit Suisse Group restated an “outperform” rating and set a $133.00 price target (up previously from $123.00) on shares of Caterpillar in a research note on Wednesday, July 26th. Finally, Axiom Securities restated a “sell” rating on shares of Caterpillar in a research note on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $133.92.
In other news, Director Daniel M. Dickinson sold 3,813 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $137.09, for a total value of $522,724.17. Following the completion of the transaction, the director now owns 6,554 shares of the company’s stock, valued at approximately $898,487.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Lange Bob De sold 1,572 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $137.58, for a total transaction of $216,275.76. Following the completion of the transaction, the insider now directly owns 11,096 shares of the company’s stock, valued at approximately $1,526,587.68. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.
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