Caterpillar Inc. (NYSE:CAT) Director David L. Calhoun bought 5,000 shares of the firm’s stock in a transaction on Monday, May 14th. The stock was purchased at an average cost of $155.37 per share, with a total value of $776,850.00. Following the completion of the transaction, the director now directly owns 19,579 shares of the company’s stock, valued at $3,041,989.23. The transaction was disclosed in a filing with the SEC, which is available through this link.
NYSE:CAT opened at $153.69 on Friday. The firm has a market cap of $91.96 billion, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 1.08 and a beta of 1.31. Caterpillar Inc. has a 52-week low of $152.50 and a 52-week high of $153.85. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.36 and a quick ratio of 0.96.
Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, April 24th. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.11 by $0.71. The company had revenue of $12.86 billion during the quarter, compared to analyst estimates of $11.99 billion. Caterpillar had a return on equity of 34.38% and a net margin of 4.59%. The firm’s quarterly revenue was up 30.9% on a year-over-year basis. During the same quarter last year, the company earned $1.28 earnings per share. equities research analysts anticipate that Caterpillar Inc. will post 10.72 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, May 19th. Shareholders of record on Monday, April 23rd will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Friday, April 20th. Caterpillar’s dividend payout ratio (DPR) is currently 45.35%.
A number of hedge funds have recently modified their holdings of CAT. Factory Mutual Insurance Co. lifted its stake in Caterpillar by 7.9% during the fourth quarter. Factory Mutual Insurance Co. now owns 114,900 shares of the industrial products company’s stock worth $18,105,000 after purchasing an additional 8,400 shares during the last quarter. Oakmont Partners LLC bought a new stake in Caterpillar during the fourth quarter worth about $387,000. YHB Investment Advisors Inc. bought a new stake in Caterpillar during the fourth quarter worth about $229,000. 440 Investment Group LLC bought a new stake in Caterpillar during the fourth quarter worth about $303,000. Finally, Convergence Investment Partners LLC bought a new stake in Caterpillar during the fourth quarter worth about $7,703,000. 69.57% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on the company. Berenberg Bank assumed coverage on Caterpillar in a research report on Thursday, January 18th. They issued a “buy” rating and a $200.00 price target for the company. Wells Fargo lifted their price target on Caterpillar from $160.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, January 18th. Credit Suisse Group lifted their price target on Caterpillar from $155.00 to $192.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. Citigroup reiterated a “neutral” rating and issued a $185.00 price target (up from $160.00) on shares of Caterpillar in a research report on Friday, January 19th. Finally, Vetr upgraded Caterpillar from a “sell” rating to a “hold” rating and set a $164.34 price target for the company in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $172.55.
Caterpillar Company Profile
Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.
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