Observe the Analyst's Thoughts: Caterpillar Inc.'s (CAT)
- Author: Eleanor Harrison Apr 18, 2017,
Apr 18, 2017, 0:14
The fund owned 3,150 shares of the company's stock at the end of the first quarter. The number of shares now owned by investors are 481.89 mln. Northstar Group Inc. boosted its position in shares of Caterpillar by 0.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,967,801 shares of the company's stock worth $174,682,000 after buying an additional 231,957 shares during the last quarter.
Shares of Caterpillar Inc. Capital World Investors now owns 18,220,351 shares of the company's stock worth $1,617,421,000 after buying an additional 2,546,164 shares during the last quarter. Capital World Investors increased its stake in Caterpillar by 16.2% in the third quarter. Integrated Wealth Management now owns 1,246 shares of the company's stock worth $111,000 after buying an additional 320 shares in the last quarter. Finally, Holderness Investments Co. raised its stake in Caterpillar by 2.6% in the fourth quarter.
According to FactSet data, CAT stock has received different ratings from Financial Analysts.
Caterpillar Inc.'s (CAT) witnessed a loss of -2.31% in recent trading period with closing price of $ 94.86.
Caterpillar Inc. (NYSE:CAT) market capitalization at present is $54.60B at the rate of $93.10 a share. The share price has moved backward from its 20 days moving average -0.68% and negatively from its 50 days moving average -1.69%. (NYSE:CAT) opened at 93.10 on Friday. The company reported $0.83 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.66 by $0.17. The company earned $9.57 billion during the quarter, compared to analysts' expectations of $9.87 billion. Caterpillar had a positive return on equity of 13.44% and a negative net margin of 0.17%.
"For the first time in living memory, defense industry showed up in the national accounts in the last quarter of past year as helping to drive the economy - larger than the National Broadband Network", he told reporters on Thursday. During the same quarter a year ago, the company posted $0.74 EPS.
Several sell side analysts reviewed their recommendations on Caterpillar Inc.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, May 20th. Shareholders of record on Monday, April 24th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Thursday, April 20th. Caterpillar's dividend payout ratio is presently -2,369.23%. If you are reading this article on another site, it was copied illegally and republished in violation of USA and global copyright & trademark laws. The original version of this news story can be accessed at [[permalink]].
CAT has been the subject of several analyst reports.
Capstone Asset Management Co. reduced its position in shares of Caterpillar Inc. Evercore ISI raised shares of Caterpillar from a "hold" rating to a "buy" rating in a report on Friday, February 10th. It has been assigned a low target price of $64 and a high target price of $120.
The New York Times has reported that a government-commissioned report concluded that Caterpillar's noncompliance with federal tax and financial reporting rules was deliberate, and with the primary goal of maintaining a higher share price of Caterpillar stock. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. The stock stands almost -4.62% off versus the 52-week high and 41.11% away from the 52-week low. The stock remained 1.72% volatile for the week and 1.76% for the month. The shares were purchased at an average cost of $99.32 per share, with a total value of $99,320.00. Insiders own 0.15% of the company's stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The Monthly and Yearly performances are 3.27 percent and 24.32 percent respectively. The stock was sold at an average price of $97.90, for a total transaction of $380,243.60. The disclosure for this purchase can be found here.