A number of other equities analysts also recently weighed in on the company. Vetr raised Caterpillar from a sell rating to a hold rating and set a $135.41 price target for the company in a research report on Monday, November 13th. Tigress Financial reissued a buy rating on shares of Caterpillar in a report on Monday, October 30th. BMO Capital Markets increased their price objective on Caterpillar from $150.00 to $165.00 and gave the company an outperform rating in a report on Thursday, October 26th. Argus increased their price objective on Caterpillar from $130.00 to $155.00 and gave the company a buy rating in a report on Thursday, October 26th. Finally, Citigroup increased their price objective on Caterpillar from $133.00 to $145.00 and gave the company a neutral rating in a report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company. Caterpillar presently has a consensus rating of Hold and a consensus target price of $136.28.
Caterpillar (NYSE CAT) traded down $1.36 during trading hours on Tuesday, reaching $140.14. The company’s stock had a trading volume of 3,883,900 shares, compared to its average volume of 4,391,800. Caterpillar has a 52-week low of $90.34 and a 52-week high of $145.19. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 1.58. The firm has a market cap of $84,183.11, a P/E ratio of 25.50, a P/E/G ratio of 2.14 and a beta of 1.29.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, October 23rd were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.23%. The ex-dividend date was Friday, October 20th. Caterpillar’s dividend payout ratio is 216.67%.
In other Caterpillar news, CFO Bradley M. Halverson sold 17,210 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $137.33, for a total transaction of $2,363,449.30. Following the completion of the sale, the chief financial officer now owns 7,814 shares of the company’s stock, valued at approximately $1,073,096.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lange Bob De sold 1,572 shares of the firm’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $137.58, for a total value of $216,275.76. Following the sale, the insider now directly owns 11,096 shares of the company’s stock, valued at approximately $1,526,587.68. The disclosure for this sale can be found here. Insiders have sold a total of 52,989 shares of company stock valued at $7,235,850 in the last ninety days. Insiders own 0.14% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Beach Investment Management LLC. bought a new position in shares of Caterpillar in the second quarter worth $231,000. NGAM Advisors L.P. increased its position in shares of Caterpillar by 2.9% in the second quarter. NGAM Advisors L.P. now owns 81,344 shares of the industrial products company’s stock worth $8,742,000 after purchasing an additional 2,286 shares during the period. Bank of Nova Scotia increased its position in shares of Caterpillar by 527.0% in the first quarter. Bank of Nova Scotia now owns 196,294 shares of the industrial products company’s stock worth $18,208,000 after purchasing an additional 164,989 shares during the period. Wealthsource Partners LLC bought a new position in shares of Caterpillar in the second quarter worth $316,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Caterpillar in the first quarter worth $46,917,000. Hedge funds and other institutional investors own 68.61% of the company’s stock.
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