Vetr raised shares of Caterpillar from a "strong sell" rating to a "sell" rating and set a $90.02 price objective on the stock in a report on Thursday, December 22nd. Evercore ISI upgraded Caterpillar from a "hold" rating to a "buy" rating in a research note on Friday, February 10th.
Now the shares of Caterpillar Inc.
Based on their most recently released notes to investors, 3 analysts have a rating of "buy", 5 analysts "outperform", 13 analysts "hold", 1 analysts "underperform" and 1 analysts "sell". Now it is offering a dividend yield of 3.31% and a 5 year dividend growth rate of 11.10%. They now have a United States dollars 120 price target on the stock.
Robert W. Baird's Mig Dobre agrees, writing that expectations are high for a beat-and-raise quarter from Caterpillar.
Recently improving sentiment in Caterpillar (CAT -1.1%) may be "overly bullish", BMO Capital analyst Joseph Tiss believes as he reiterates a Market Perform rating on the shares. Company insiders own 0.15% of the company's stock. The company has a 50-day moving average of $94.10 and a 200 day moving average of $92.52.
Caterpillar Inc. (NYSE:CAT) traded at a yearly high level of $99.46 during the last trading session. The stock's market capitalization is 54.60B, it has a 52-week low of 69.04 and a 52-week high of 99.46. Caterpillar also saw some unusual options trading activity on Thursday. This represents an increase of approximately 108% compared to the typical daily volume of 10,337 put options. (NYSE:CAT) by 5.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The company's expected revenue in the current quarter to be 9.14 Billion, seeing a projected current quarter growth of -11.9%, and per annum growth estimates over the next 5 year period of around 26.17%. Presently, it has a Return on Equity (ROE) of -0.40% and Return on Investment (ROI) of 0.60%.
"For the first time in living memory, defense industry showed up in the national accounts in the last quarter of previous year as helping to drive the economy - larger than the National Broadband Network", he told reporters on Thursday. The Company's year to date (YTD) performance is now positive at 3.13%. On average, equities analysts anticipate that Caterpillar Inc. will post $3.23 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, May 20th.
Dividends is a reward scheme, that a company presents to its shareholders.
In related news, Director Daniel M. Dickinson sold 3,884 shares of the business's stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $97.90, for a total transaction of $380,243.60. The stock remained 1.72% volatile for the week and 1.76% for the month. The stock was bought at an average price of $99.32 per share, for a total transaction of $99,320.00. Following the completion of the acquisition, the insider now directly owns 10,230 shares in the company, valued at $1,016,043.60. The disclosure for this purchase can be found here.
In the last Quarter, Caterpillar Inc. Inc. now owns 50,212 shares of the company's stock worth $4,658,000 after buying an additional 1,490 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co.
04/04/2017 - Caterpillar, Inc. was upgraded to " by analysts at Goldman Sachs. Ltd. now owns 105,823 shares of the company's stock worth $9,394,000 after buying an additional 4,665 shares during the last quarter. Parkwood LLC bought a new stake in shares of Caterpillar during the third quarter worth $279,000. Pennsylvania Trust Co now owns 15,287 shares of the company's stock worth $1,418,000 after buying an additional 1,050 shares during the period. Capital World Investors increased its stake in Caterpillar by 16.2% in the third quarter. The last session's volume of 1.91 million shares was lower than its average volume of 2.32 million shares. Morgan Stanley increased its stake in Caterpillar by 43.2% in the third quarter.