Caterpillar Inc. (NYSE:CAT) Receives Average Rating of “Buy” from Analysts

Caterpillar Inc. (NYSE:CATGet Rating) has received an average rating of “Buy” from the sixteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $242.53.

A number of analysts have recently weighed in on CAT shares. Robert W. Baird reiterated an “outperform” rating and issued a $280.00 price objective on shares of Caterpillar in a research note on Thursday, May 19th. JPMorgan Chase & Co. increased their price objective on shares of Caterpillar from $241.00 to $257.00 and gave the stock an “overweight” rating in a research note on Monday, March 28th. Jefferies Financial Group upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and increased their price objective for the stock from $215.00 to $260.00 in a research note on Tuesday, March 8th. Wells Fargo & Company started coverage on shares of Caterpillar in a research report on Friday, March 11th. They set an “equal weight” rating and a $231.00 price target on the stock. Finally, Tigress Financial raised their price target on shares of Caterpillar from $278.00 to $282.00 and gave the company a “buy” rating in a research report on Friday, May 20th.

In other Caterpillar news, Director David Maclennan purchased 600 shares of the stock in a transaction that occurred on Thursday, May 5th. The shares were purchased at an average cost of $219.82 per share, for a total transaction of $131,892.00. Following the completion of the transaction, the director now owns 2,480 shares of the company’s stock, valued at approximately $545,153.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Suzette M. Long sold 40,356 shares of the business’s stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of $220.00, for a total transaction of $8,878,320.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,933 shares of company stock worth $11,541,376. Company insiders own 0.18% of the company’s stock.

Large investors have recently bought and sold shares of the business. Crewe Advisors LLC boosted its holdings in Caterpillar by 322.6% in the 4th quarter. Crewe Advisors LLC now owns 131 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Nauset Wealth Management. LLC acquired a new position in Caterpillar in the 1st quarter valued at about $29,000. Arcadia Investment Management Corp MI acquired a new position in shares of Caterpillar in the 1st quarter worth approximately $33,000. SkyView Investment Advisors LLC acquired a new position in shares of Caterpillar in the 4th quarter worth approximately $31,000. Finally, Sierra Capital LLC acquired a new position in shares of Caterpillar in the 4th quarter worth approximately $38,000. Institutional investors own 67.44% of the company’s stock.

NYSE CAT opened at $222.90 on Friday. The stock has a market cap of $118.88 billion, a P/E ratio of 18.68, a P/E/G ratio of 1.44 and a beta of 0.94. Caterpillar has a 12-month low of $179.67 and a 12-month high of $246.69. The company has a fifty day simple moving average of $215.75 and a two-hundred day simple moving average of $209.71. The company has a current ratio of 1.44, a quick ratio of 0.93 and a debt-to-equity ratio of 1.48.

Caterpillar (NYSE:CATGet Rating) last released its quarterly earnings data on Thursday, April 28th. The industrial products company reported $2.88 earnings per share for the quarter, topping analysts’ consensus estimates of $2.60 by $0.28. The firm had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.49 billion. Caterpillar had a net margin of 12.33% and a return on equity of 35.10%. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.87 earnings per share. As a group, sell-side analysts forecast that Caterpillar will post 12.6 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, May 20th. Stockholders of record on Monday, April 25th were given a $1.11 dividend. The ex-dividend date was Friday, April 22nd. This represents a $4.44 annualized dividend and a dividend yield of 1.99%. Caterpillar’s dividend payout ratio (DPR) is 37.22%.

Caterpillar Company Profile (Get Rating)

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact track and multi-terrain loaders, excavators, motorgraders, pipelayers, road reclaimers, site prep tractors, skid steer loaders, telehandlers, and utility vehicles; mini, small, medium, and large excavators; compact, small, and medium wheel loaders; track-type tractors and loaders; and wheel excavators.

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Analyst Recommendations for Caterpillar (NYSE:CAT)

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