FY2025 EPS Estimates for Caterpillar Reduced by DA Davidson

Caterpillar Inc. (NYSE:CAT) – Equities research analysts at DA Davidson cut their FY2025 earnings per share (EPS) estimates for Caterpillar in a note issued to investors on Monday, May 5th. DA Davidson analyst M. Shlisky now anticipates that the industrial products company will earn $18.66 per share for the year, down from their previous estimate of $20.10. DA Davidson currently has a “Neutral” rating and a $331.00 price objective on the stock. The consensus estimate for Caterpillar’s current full-year earnings is $19.86 per share.

Several other equities analysts have also issued reports on CAT. Raymond James upgraded Caterpillar from a “market perform” rating to an “outperform” rating in a research note on Monday, February 3rd. Citigroup raised their target price on Caterpillar from $320.00 to $370.00 and gave the stock a “buy” rating in a research report on Monday. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price objective on shares of Caterpillar from $490.00 to $380.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Finally, UBS Group raised shares of Caterpillar from a “sell” rating to a “neutral” rating and upped their target price for the company from $355.00 to $385.00 in a research note on Monday, February 3rd. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $370.67.

Caterpillar Stock Performance

NYSE CAT opened at $324.56 on Wednesday. The company’s fifty day moving average is $316.78 and its two-hundred day moving average is $355.82. The firm has a market capitalization of $155.12 billion, a price-to-earnings ratio of 14.71, a P/E/G ratio of 1.87 and a beta of 1.35. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. Caterpillar has a 52-week low of $267.30 and a 52-week high of $418.50.

Caterpillar (NYSE:CAT) last issued its earnings results on Wednesday, April 30th. The industrial products company reported $4.25 EPS for the quarter, missing analysts’ consensus estimates of $4.35 by ($0.10). The firm had revenue of $14.25 billion during the quarter, compared to analysts’ expectations of $14.64 billion. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The business’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter last year, the firm earned $5.60 EPS.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st will be given a $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.74%. The ex-dividend date is Monday, April 21st. Caterpillar’s payout ratio is presently 27.49%.

Insiders Place Their Bets

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the sale, the insider now owns 6,275 shares of the company’s stock, valued at approximately $2,225,742.50. The trade was a 27.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Maclennan purchased 375 shares of the business’s stock in a transaction dated Wednesday, May 7th. The stock was bought at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the purchase, the director now owns 6,653 shares in the company, valued at $2,133,617.10. This trade represents a 5.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.29% of the company’s stock.

Hedge Funds Weigh In On Caterpillar

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Caterpillar by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 46,809,540 shares of the industrial products company’s stock valued at $16,980,629,000 after purchasing an additional 284,366 shares in the last quarter. Geode Capital Management LLC raised its stake in Caterpillar by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 10,449,770 shares of the industrial products company’s stock worth $3,790,841,000 after buying an additional 236,315 shares during the period. Fisher Asset Management LLC grew its stake in Caterpillar by 1.4% in the fourth quarter. Fisher Asset Management LLC now owns 9,081,775 shares of the industrial products company’s stock valued at $3,294,505,000 after acquiring an additional 129,143 shares during the period. Northern Trust Corp increased its holdings in shares of Caterpillar by 11.8% in the fourth quarter. Northern Trust Corp now owns 6,847,330 shares of the industrial products company’s stock worth $2,483,937,000 after acquiring an additional 724,477 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Caterpillar during the fourth quarter worth about $2,184,364,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.