In yesterday’s Wall Street session, Caterpillar Inc. (NYSE:CAT) shares traded at $259.37, up 0.67% from the previous session.
26 analysts cover Caterpillar Inc. (NYSE:CAT), according to research data. 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 $183.00, we find $263.00. Given the previous closing price of $257.65, this indicates a potential upside of 2.08 percent. CAT stock price is now 10.96% away from the 50-day moving average and 13.01% away from the 200-day moving average. The market capitalization of the company currently stands at $135.45B.
The stock has received a hold rating from 13 analysts and a buy rating from 11. Brokers who have rated the stock have averaged $254.57 as their price target over the next twelve months.
With the price target enhanced from $240 to $270, Citigroup maintained Neutral rating for Caterpillar Inc. (NYSE: CAT).
In other news, Johnson Cheryl H, Chief Human Resources Officer sold 6,415 shares of the company’s stock on Jul 18. The stock was sold for $1,667,900 at an average price of $260.00. Upon completion of the transaction, the Chief Human Resources Officer now directly owns 16,362 shares in the company, valued at $4.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 17, Director MacLennan David bought 400 shares of the business’s stock. A total of $99,716 was incurred on buying the stock at an average price of $249.29. This leaves the insider owning 3,709 shares of the company worth $0.96 million. Insiders disposed of 321,087 shares of company stock worth roughly $83.28 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 $7,336,776,000. HUDSON BAY CAPITAL MANAGEMENT LP invested $194,528,000 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 $175,451,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in CAT for approximately $124,170,000. EISLER CAPITAL (UK) LTD. purchased a new stake in CAT valued at around $34,502,000 in the second quarter.
On Monday morning Caterpillar Inc. (NYSE: CAT) stock kicked off with the opening price of $258.30. 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 $163.92B, which is based on a 19.17 price-to-earnings ratio, a 1.49 price-to-earnings-growth ratio, and a beta of 1.11. The fifty day moving average price for CAT is $234.68 and a two-hundred day moving average price translates $229.92 for the stock.
According to the Farm & Heavy Construction Machinery Company, earnings per share came in at $4.91, beating analysts’ expectations of $3.78 by 1.13. This compares to $2.86 EPS in the same period last year. 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. For the current quarter, analysts expect CAT to generate $16.49B in revenue.
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 2.00% 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%.
