The stock of Caterpillar Inc. (NYSE:CAT) last traded at $240.58, down -1.74% from the previous session.
Data from the available sources indicates that Caterpillar Inc. (NYSE:CAT) is covered by 26 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $351.00 and a low of $180.00, we find $263.00. Given the previous closing price of $244.83, this indicates a potential upside of 7.42 percent. CAT stock price is now 7.15% away from the 50-day moving average and 7.19% away from the 200-day moving average. The market capitalization of the company currently stands at $122.78B.
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In total, 13 analysts have assigned it a hold rating, and 11 have given it a buy rating. Brokers who have rated the stock have averaged $252.29 as their price target over the next twelve months.
With the price target of $263, DA Davidson recently initiated with Neutral rating for Caterpillar Inc. (NYSE: CAT).
In other news, MacLennan David, Director bought 400 shares of the company’s stock on Feb 17. The stock was bought for $99,716 at an average price of $249.29. Upon completion of the transaction, the Director now directly owns 3,709 shares in the company, valued at $0.89 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 09, CLO/General Counsel Long Suzette M sold 8,000 shares of the business’s stock. A total of $2,008,289 was realized by selling the stock at an average price of $251.04. This leaves the insider owning 8,776 shares of the company worth $2.11 million. Insiders disposed of 321,087 shares of company stock worth roughly $77.25 million over the past 1 year.
There have been several recent changes in the stakes of large investors in CAT stock. A new stake in Caterpillar Inc. shares was purchased by OFI INVEST ASSET MANAGEMENT during the first quarter worth $6,805,265,000. HUDSON BAY CAPITAL MANAGEMENT LP invested $180,435,000 in shares of CAT during the first quarter. In the first quarter, MASSACHUSETTS FINANCIAL SERVICES CO /MA/ acquired a new stake in Caterpillar Inc. valued at approximately $162,741,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in CAT for approximately $115,174,000. EISLER CAPITAL (UK) LTD. purchased a new stake in CAT valued at around $32,003,000 in the second quarter.
With an opening price of $242.75 on Thursday morning, Caterpillar Inc. (NYSE: CAT) set off the trading day. During the past 12 months, Caterpillar Inc. has had a low of $160.60 and a high of $266.04. As of last week, the company has a debt-to-equity ratio of 2.04, a current ratio of 1.40, and a quick ratio of 0.90. According to the stock market information, the enterprise value for the company is $154.23B, which is based on a 17.79 price-to-earnings ratio, a 1.38 price-to-earnings-growth ratio, and a beta of 1.11. The fifty day moving average price for CAT is $224.86 and a two-hundred day moving average price translates $224.75 for the stock.
The net profit margin was 11.50% and return on equity was 43.50% for CAT. The company reported revenue of $15.86 billion for the quarter, compared to $13.59 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.73 percent.
Moreover, the firm recently paid out its quarterly dividend on 08/18/2023. Investors who held shares on 07/20/2023 were paid a $1.30 dividend. On an annualized basis, this represents a $5.20 dividend and a 2.16% percent yield. There was an ex-dividend date of 07/19/2023 for this dividend. In terms of dividend payout ratio, CAT is presently at 34.60%.
