Caterpillar, Inc. (NYSE:CAT) has earned a consensus recommendation of “Hold” from the thirty ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $133.70.

CAT has been the topic of a number of recent research reports. TheStreet raised Caterpillar from a “c+” rating to a “b” rating in a report on Tuesday, July 25th. Deutsche Bank AG lowered their target price on Caterpillar from $108.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday, July 4th. Credit Suisse Group set a $123.00 target price on Caterpillar and gave the company a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research raised Caterpillar from a “hold” rating to a “buy” rating and set a $121.00 target price on the stock in a report on Friday, July 14th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $135.00 target price (up previously from $120.00) on shares of Caterpillar in a report on Thursday, July 27th.

WARNING: This story was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another domain, it was stolen and reposted in violation of United States and international trademark and copyright laws. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/11/01/caterpillar-inc-cat-receives-average-rating-of-hold-from-analysts.html.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.68. The firm had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The company’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 earnings per share.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, October 23rd will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Friday, October 20th. Caterpillar’s dividend payout ratio is currently 216.67%.

In other Caterpillar news, Director Daniel M. Dickinson sold 3,813 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $137.09, for a total transaction of $522,724.17. Following the transaction, the director now directly owns 6,554 shares in the company, valued at approximately $898,487.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Suzette M. Long sold 13,859 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $114.30, for a total value of $1,584,083.70. Following the transaction, the insider now owns 18,188 shares in the company, valued at $2,078,888.40. The disclosure for this sale can be found here. Insiders have sold a total of 19,244 shares of company stock valued at $2,323,084 over the last three months. 0.14% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Beach Investment Management LLC. purchased a new position in Caterpillar during the 2nd quarter worth $231,000. NGAM Advisors L.P. increased its holdings in Caterpillar by 2.9% during the 2nd quarter. NGAM Advisors L.P. now owns 81,344 shares of the industrial products company’s stock worth $8,742,000 after purchasing an additional 2,286 shares during the period. Bank of Nova Scotia increased its holdings in Caterpillar by 527.0% during the 1st quarter. Bank of Nova Scotia now owns 196,294 shares of the industrial products company’s stock worth $18,208,000 after purchasing an additional 164,989 shares during the period. Bancorpsouth Inc. increased its holdings in Caterpillar by 1.2% during the 1st quarter. Bancorpsouth Inc. now owns 5,787 shares of the industrial products company’s stock worth $537,000 after purchasing an additional 69 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in Caterpillar during the 1st quarter worth $46,917,000. Institutional investors own 69.34% of the company’s stock.

About Caterpillar

Analyst Recommendations for Caterpillar (NYSE:CAT)

Receive News & Ratings for Caterpillar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar Inc. and related companies with MarketBeat.com's FREE daily email newsletter.