Shares of Caterpillar Inc. (NYSE:CAT) have been assigned an average recommendation of “Hold” from the twenty-eight analysts that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $145.83.
CAT has been the subject of several analyst reports. Credit Suisse Group restated a “buy” rating and issued a $173.00 target price on shares of Caterpillar in a report on Thursday, February 14th. OTR Global lowered shares of Caterpillar to a “positive” rating in a report on Friday, February 15th. UBS Group lowered shares of Caterpillar from a “buy” rating to a “sell” rating and lowered their target price for the stock from $154.00 to $125.00 in a report on Tuesday, February 26th. ValuEngine upgraded shares of Caterpillar from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Finally, Zacks Investment Research lowered shares of Caterpillar from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th.
CAT stock traded up $0.27 during trading on Thursday, hitting $123.39. 3,068,288 shares of the company’s stock traded hands, compared to its average volume of 4,498,273. Caterpillar has a 52 week low of $112.06 and a 52 week high of $159.37. The company has a quick ratio of 0.98, a current ratio of 1.43 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $70.41 billion, a P/E ratio of 11.00, a price-to-earnings-growth ratio of 0.83 and a beta of 1.52.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Monday, July 22nd will be issued a dividend of $1.03 per share. This is a positive change from Caterpillar’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Friday, July 19th. This represents a $4.12 dividend on an annualized basis and a yield of 3.34%. Caterpillar’s dividend payout ratio (DPR) is presently 30.66%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. LeJeune Puetz Investment Counsel LLC increased its position in Caterpillar by 5.5% during the 4th quarter. LeJeune Puetz Investment Counsel LLC now owns 17,174 shares of the industrial products company’s stock valued at $2,182,000 after purchasing an additional 900 shares during the period. Tufton Capital Management increased its position in Caterpillar by 1.2% during the 1st quarter. Tufton Capital Management now owns 66,628 shares of the industrial products company’s stock valued at $9,027,000 after purchasing an additional 787 shares during the period. Lehman & Derafelo Financial Resources LLC purchased a new position in Caterpillar during the 4th quarter valued at about $305,000. Physicians Financial Services Inc. increased its position in Caterpillar by 11.9% during the 1st quarter. Physicians Financial Services Inc. now owns 17,855 shares of the industrial products company’s stock valued at $2,419,000 after purchasing an additional 1,895 shares during the period. Finally, Northern Trust Corp increased its position in Caterpillar by 1.9% during the 4th quarter. Northern Trust Corp now owns 7,379,026 shares of the industrial products company’s stock valued at $937,652,000 after purchasing an additional 134,479 shares during the period. Institutional investors own 65.64% of the company’s stock.
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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