Other equities analysts also recently issued reports about the company. Berenberg Bank assumed coverage on Caterpillar in a research report on Thursday, January 18th. They set a buy rating and a $200.00 target price on the stock. Bank of America restated a buy rating and issued a $189.00 price objective (up from $158.00) on shares of Caterpillar in a research report on Friday, January 12th. BMO Capital Markets restated a buy rating and issued a $195.00 price objective (up from $165.00) on shares of Caterpillar in a research report on Thursday, January 4th. ValuEngine upgraded Caterpillar from a hold rating to a buy rating in a research report on Sunday, December 31st. Finally, UBS set a $180.00 price objective on Caterpillar and gave the company a buy rating in a research report on Friday, January 5th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Caterpillar has a consensus rating of Buy and a consensus price target of $171.95.
NYSE CAT opened at $155.70 on Monday. The firm has a market cap of $91,622.01, a P/E ratio of 22.63, a P/E/G ratio of 1.39 and a beta of 1.30. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.73. Caterpillar has a fifty-two week low of $92.98 and a fifty-two week high of $173.24.
The company also recently announced a quarterly dividend, which will be paid on Saturday, May 19th. Stockholders 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 annualized dividend and a dividend yield of 2.00%. Caterpillar’s dividend payout ratio (DPR) is 45.35%.
In other news, General Counsel Suzette M. Long sold 528 shares of the company’s 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 transaction, 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 legal filing with the SEC, which is available at this link. Also, insider Thomas A. Pellette sold 95,199 shares of the company’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 value of $15,526,004.91. Following the transaction, the insider now directly owns 96,268 shares in the company, valued at approximately $15,700,348.12. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CAT. Brown Advisory Inc. grew its stake in shares of Caterpillar by 2.0% during the third quarter. Brown Advisory Inc. now owns 57,870 shares of the industrial products company’s stock valued at $7,218,000 after buying an additional 1,145 shares during the last quarter. Willis Investment Counsel grew its stake in shares of Caterpillar by 1.3% during the third quarter. Willis Investment Counsel now owns 143,145 shares of the industrial products company’s stock valued at $17,852,000 after buying an additional 1,850 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Caterpillar by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,010,239 shares of the industrial products company’s stock valued at $250,702,000 after buying an additional 27,509 shares during the last quarter. KBC Group NV grew its stake in shares of Caterpillar by 6.8% during the third quarter. KBC Group NV now owns 68,600 shares of the industrial products company’s stock valued at $8,555,000 after buying an additional 4,375 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its stake in shares of Caterpillar by 2.8% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 108,407 shares of the industrial products company’s stock valued at $13,519,000 after buying an additional 3,000 shares during the last quarter. 69.25% of the stock is currently owned by hedge funds and other institutional investors.
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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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