Caterpillar, Inc. (NYSE:CAT) saw unusually large options trading activity on Monday. Stock investors bought 37,848 call options on the company. This is an increase of approximately 377% compared to the average daily volume of 7,942 call options.

A number of brokerages recently commented on CAT. UBS AG reissued a “neutral” rating and issued a $102.00 price objective (up previously from $98.00) on shares of Caterpillar in a research note on Friday, April 28th. Vetr downgraded shares of Caterpillar from a “hold” rating to a “sell” rating and set a $89.96 price objective for the company. in a research note on Tuesday, March 28th. Axiom Securities reissued a “sell” rating on shares of Caterpillar in a research note on Tuesday, June 6th. Goldman Sachs Group, Inc. (The) raised shares of Caterpillar from a “buy” rating to a “conviction-buy” rating and set a $120.00 price objective for the company in a research note on Tuesday, April 4th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $101.00 price objective on shares of Caterpillar in a research note on Wednesday, April 26th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Caterpillar currently has an average rating of “Hold” and a consensus target price of $97.72.

Shares of Caterpillar (CAT) opened at 107.85 on Thursday. The stock’s 50 day moving average is $106.27 and its 200-day moving average is $99.00. The stock’s market capitalization is $63.53 billion. Caterpillar has a one year low of $78.34 and a one year high of $110.00.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, April 25th. The industrial products company reported $1.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.66. Caterpillar had a negative net margin of 0.38% and a positive return on equity of 16.46%. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.27 billion. During the same period last year, the business earned $0.67 EPS. Caterpillar’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities research analysts predict that Caterpillar will post $4.27 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, August 19th. Shareholders of record on Thursday, July 20th will be given a dividend of $0.78 per share. This is an increase from Caterpillar’s previous quarterly dividend of $0.77. This represents a $3.12 annualized dividend and a yield of 2.89%. The ex-dividend date is Tuesday, July 18th. Caterpillar’s dividend payout ratio (DPR) is presently -1,155.51%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Caterpillar by 3.6% in the first quarter. Vanguard Group Inc. now owns 38,847,552 shares of the industrial products company’s stock valued at $3,603,500,000 after buying an additional 1,342,984 shares during the last quarter. FMR LLC increased its position in shares of Caterpillar by 11.4% in the first quarter. FMR LLC now owns 17,561,361 shares of the industrial products company’s stock valued at $1,628,992,000 after buying an additional 1,798,312 shares during the last quarter. Morgan Stanley increased its position in shares of Caterpillar by 15.1% in the first quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock valued at $964,579,000 after buying an additional 1,365,856 shares during the last quarter. Primecap Management Co. CA increased its position in shares of Caterpillar by 16.9% in the first quarter. Primecap Management Co. CA now owns 7,259,063 shares of the industrial products company’s stock valued at $673,351,000 after buying an additional 1,047,922 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Caterpillar by 8.1% in the first quarter. Geode Capital Management LLC now owns 5,575,420 shares of the industrial products company’s stock valued at $516,423,000 after buying an additional 419,191 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors.

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