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.
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.
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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