Caterpillar Inc. (CAT) Receives Average Recommendation of “Buy” from Brokerages

Shares of Caterpillar Inc. (NYSE:CAT) have been assigned an average rating of “Buy” from the twenty-eight ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $166.94.

Several research analysts have recently weighed in on the stock. Seaport Global Securities raised shares of Caterpillar from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $170.90 to $195.00 in a research report on Tuesday, January 23rd. Vetr raised shares of Caterpillar from a “sell” rating to a “hold” rating and set a $164.34 target price on the stock in a research report on Monday, January 22nd. Citigroup reissued a “neutral” rating and issued a $185.00 target price (up from $160.00) on shares of Caterpillar in a research report on Friday, January 19th. Barclays set a $180.00 target price on shares of Caterpillar and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Finally, Bank of America reissued a “buy” rating and issued a $189.00 target price (up from $158.00) on shares of Caterpillar in a research report on Friday, January 12th.

Caterpillar (NYSE:CAT) traded up $2.12 during midday trading on Friday, hitting $148.11. 7,350,197 shares of the company were exchanged, compared to its average volume of 6,894,495. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.35 and a quick ratio of 0.97. Caterpillar has a twelve month low of $90.34 and a twelve month high of $173.24. The company has a market cap of $85,900.00, a P/E ratio of 116.99, a P/E/G ratio of 1.65 and a beta of 1.22.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, January 25th. The industrial products company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.39. Caterpillar had a net margin of 1.66% and a return on equity of 28.69%. The business had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $12.01 billion. During the same period in the previous year, the firm earned $0.83 EPS. The business’s revenue for the quarter was up 34.7% on a year-over-year basis. analysts forecast that Caterpillar will post 9.05 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Friday, January 19th. Caterpillar’s dividend payout ratio (DPR) is presently 247.62%.

In other Caterpillar news, General Counsel Suzette M. Long sold 528 shares of Caterpillar stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $160.46, for a total value of $84,722.88. Following the completion of the sale, the general counsel now directly owns 19,646 shares in the company, valued at $3,152,397.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas A. Pellette sold 95,199 shares of Caterpillar stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $163.09, for a total transaction of $15,526,004.91. Following the completion of the sale, the insider now owns 96,268 shares of the company’s stock, valued at $15,700,348.12. The disclosure for this sale can be found here. Insiders sold 143,331 shares of company stock valued at $22,107,578 over the last quarter. Corporate insiders own 0.14% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Ironwood Investment Counsel LLC lifted its stake in shares of Caterpillar by 0.3% in the second quarter. Ironwood Investment Counsel LLC now owns 3,425 shares of the industrial products company’s stock worth $368,000 after buying an additional 10 shares during the last quarter. Southeast Asset Advisors Inc. raised its stake in Caterpillar by 0.3% during the 2nd quarter. Southeast Asset Advisors Inc. now owns 4,279 shares of the industrial products company’s stock valued at $460,000 after purchasing an additional 12 shares during the last quarter. WFG Advisors LP raised its stake in Caterpillar by 0.4% during the 2nd quarter. WFG Advisors LP now owns 8,538 shares of the industrial products company’s stock valued at $917,000 after purchasing an additional 33 shares during the last quarter. Thompson Davis & CO. Inc. raised its stake in Caterpillar by 1.0% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 4,931 shares of the industrial products company’s stock valued at $530,000 after purchasing an additional 50 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its stake in Caterpillar by 1.5% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 6,660 shares of the industrial products company’s stock valued at $716,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 69.25% of the company’s stock.

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About Caterpillar

Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.

Analyst Recommendations for Caterpillar (NYSE:CAT)

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