A number of other analysts have also issued reports on CAT. Tigress Financial reiterated a buy rating on shares of Caterpillar in a research note on Wednesday, July 15th. Goldman Sachs Group set a $144.00 price target on shares of Caterpillar and gave the stock a buy rating in a research note on Tuesday, April 28th. Credit Suisse Group upped their price objective on shares of Caterpillar from $144.00 to $159.00 and gave the company an outperform rating in a research report on Monday. Citigroup lifted their target price on Caterpillar from $125.00 to $150.00 and gave the stock a buy rating in a research report on Thursday, June 18th. Finally, UBS Group boosted their price target on Caterpillar from $112.00 to $130.00 and gave the stock a neutral rating in a research note on Thursday, June 11th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company’s stock. Caterpillar presently has a consensus rating of Hold and a consensus target price of $137.53.
NYSE:CAT traded up $0.01 during mid-day trading on Monday, hitting $131.79. The company had a trading volume of 94,704 shares, compared to its average volume of 3,081,168. The business has a fifty day simple moving average of $130.60 and a 200-day simple moving average of $123.73. The firm has a market capitalization of $71.33 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 2.13 and a beta of 1.11. Caterpillar has a 1 year low of $87.50 and a 1 year high of $150.55. The company has a current ratio of 1.50, a quick ratio of 1.05 and a debt-to-equity ratio of 1.95.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Monday, July 20th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.12 dividend on an annualized basis and a yield of 3.13%. Caterpillar’s payout ratio is currently 37.25%.
A number of institutional investors and hedge funds have recently modified their holdings of CAT. Capital Analysts LLC lifted its stake in Caterpillar by 108.2% in the first quarter. Capital Analysts LLC now owns 229 shares of the industrial products company’s stock valued at $27,000 after buying an additional 119 shares during the last quarter. Private Ocean LLC increased its holdings in shares of Caterpillar by 62.9% during the first quarter. Private Ocean LLC now owns 259 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 100 shares during the period. Jaffetilchin Investment Partners LLC acquired a new position in shares of Caterpillar during the second quarter valued at $30,000. Central Bank & Trust Co. acquired a new stake in Caterpillar in the first quarter worth about $33,000. Finally, Modus Advisors LLC acquired a new position in shares of Caterpillar during the second quarter valued at approximately $33,000. Hedge funds and other institutional investors own 66.80% of the company’s stock.
Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.
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