Headlines about Caterpillar (NYSE:CAT) have been trending somewhat positive on Tuesday, Accern reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Caterpillar earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 45.5147120006415 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Caterpillar: More Risk Than Reward (seekingalpha.com)
- Why Honeywell’s Short Interest Has Fallen This Year (finance.yahoo.com)
- Caterpillar (CAT) Scheduled to Post Earnings on Tuesday (americanbankingnews.com)
- Caterpillar (CAT) Cut to Hold at BidaskClub (americanbankingnews.com)
- Alice meets the caterpillar in Fillmore (weyburnreview.com)
A number of equities research analysts recently issued reports on the company. OTR Global lowered Caterpillar to a “positive” rating in a research note on Monday, December 18th. Citigroup increased their price target on Caterpillar from $145.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday, December 21st. Vetr lowered Caterpillar from a “sell” rating to a “strong sell” rating and set a $139.26 price target on the stock. in a research note on Wednesday, December 27th. ValuEngine raised Caterpillar from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, BMO Capital Markets reissued a “buy” rating and set a $195.00 price target (up previously from $165.00) on shares of Caterpillar in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $170.73.
Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, January 25th. The industrial products company reported $2.16 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $12.01 billion. During the same quarter last year, the company posted $0.83 earnings per share. The company’s quarterly revenue was up 34.7% compared to the same quarter last year. research analysts forecast that Caterpillar will post 9.15 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, May 19th. Shareholders of record on Monday, April 23rd will be issued a $0.78 dividend. The ex-dividend date is Friday, April 20th. This represents a $3.12 dividend on an annualized basis and a yield of 2.02%. Caterpillar’s dividend payout ratio is currently 45.35%.
In other news, General Counsel Suzette M. Long sold 528 shares of Caterpillar stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $160.46, for a total transaction of $84,722.88. Following the sale, the general counsel now owns 19,646 shares of the company’s stock, valued at $3,152,397.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Thomas A. Pellette sold 95,199 shares of the firm’s 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 transaction, the insider now owns 96,268 shares in the company, valued at approximately $15,700,348.12. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.
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Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.
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