Caterpillar Inc. (NYSE:CAT) Given Average Recommendation of “Hold” by Analysts

Caterpillar Inc. (NYSE:CAT) has been given a consensus rating of “Hold” by the twenty-five analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $227.55.

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Caterpillar from $273.00 to $258.00 and set a “buy” rating on the stock in a research report on Wednesday, July 14th. Stifel Nicolaus boosted their target price on Caterpillar from $222.00 to $245.00 and gave the stock a “buy” rating in a research report on Monday, May 3rd. BMO Capital Markets boosted their target price on Caterpillar from $190.00 to $230.00 and gave the stock a “market perform” rating in a research report on Friday, April 30th. UBS Group boosted their target price on Caterpillar from $230.00 to $252.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 12th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $264.00 target price on shares of Caterpillar in a research report on Thursday, May 27th.

NYSE:CAT traded down $5.85 during mid-day trading on Wednesday, hitting $202.10. 312,986 shares of the company traded hands, compared to its average volume of 3,418,393. The company has a fifty day moving average of $226.82. Caterpillar has a one year low of $130.21 and a one year high of $246.69. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.15 and a current ratio of 1.60. The company has a market cap of $110.71 billion, a price-to-earnings ratio of 32.32, a price-to-earnings-growth ratio of 1.80 and a beta of 0.92.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, April 29th. The industrial products company reported $2.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.94. Caterpillar had a return on equity of 26.63% and a net margin of 7.99%. The business had revenue of $11.89 billion during the quarter, compared to analyst estimates of $11 billion. During the same quarter in the previous year, the company posted $1.60 earnings per share. Caterpillar’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, equities research analysts expect that Caterpillar will post 9.64 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 20th. Stockholders of record on Tuesday, July 20th will be paid a dividend of $1.11 per share. This is a boost from Caterpillar’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, July 19th. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.20%. Caterpillar’s dividend payout ratio is currently 62.80%.

In related news, insider Joseph E. Creed sold 7,699 shares of the stock in a transaction that occurred on Friday, June 4th. The stock was sold at an average price of $245.12, for a total value of $1,887,178.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Joseph E. Creed sold 27,306 shares of the stock in a transaction that occurred on Friday, June 4th. The stock was sold at an average price of $89.66, for a total value of $2,448,255.96. Corporate insiders own 0.18% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Brand Asset Management Group Inc. purchased a new stake in Caterpillar during the first quarter worth $26,000. Elmwood Wealth Management Inc. purchased a new stake in Caterpillar during the first quarter worth $26,000. IronBridge Private Wealth LLC purchased a new stake in Caterpillar during the fourth quarter worth $30,000. Versant Capital Management Inc lifted its holdings in Caterpillar by 51.0% during the first quarter. Versant Capital Management Inc now owns 145 shares of the industrial products company’s stock worth $34,000 after buying an additional 49 shares during the period. Finally, Wagner Wealth Management LLC purchased a new stake in Caterpillar during the first quarter worth $35,000. 68.11% of the stock is currently owned by institutional investors.

About Caterpillar

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

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Analyst Recommendations for Caterpillar (NYSE:CAT)

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