October 17, 2021

Stamp Pets

Snap Into A Slim Pets

Caterpillar Inc. (NYSE:CAT) Given Average Rating of “Hold” by Brokerages

Caterpillar Inc. (NYSE:CAT) has earned an average rating of “Hold” from the twenty-seven ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $228.30.

A number of research analysts have recently issued reports on the company. Wolfe Research assumed coverage on Caterpillar in a report on Monday, April 19th. They issued an “outperform” rating and a $265.00 price target on the stock. Citigroup boosted their target price on Caterpillar from $205.00 to $245.00 in a research note on Tuesday, March 16th. Stifel Nicolaus boosted their target price on Caterpillar from $222.00 to $245.00 and gave the stock a “buy” rating in a research note on Monday, May 3rd. Zacks Investment Research downgraded Caterpillar from a “buy” rating to a “hold” rating and set a $226.00 target price on the stock. in a research note on Wednesday, June 30th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $264.00 target price on shares of Caterpillar in a research note on Thursday, May 27th.

In related news, insider Joseph E. Creed sold 7,699 shares of Caterpillar stock in a transaction dated Friday, June 4th. The stock was sold at an average price of $245.12, for a total value of $1,887,178.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Maclennan purchased 420 shares of the business’s stock in a transaction that occurred on Wednesday, May 5th. The stock was acquired at an average price of $237.86 per share, with a total value of $99,901.20. Following the purchase, the director now owns 890 shares in the company, valued at $211,695.40. The disclosure for this purchase can be found here. Insiders own 0.18% of the company’s stock.

(Ad)

How do you make money trading?
What are the secrets pros use to beat the market day after day?
Former Chicago Board Options Exchange trader reveals all the insider tricks…

Several institutional investors have recently made changes to their positions in CAT. Camden National Bank increased its stake in shares of Caterpillar by 9.6% in the 4th quarter. Camden National Bank now owns 1,833 shares of the industrial products company’s stock valued at $333,000 after purchasing an additional 160 shares in the last quarter. Berman Capital Advisors LLC increased its stake in Caterpillar by 10.1% during the 4th quarter. Berman Capital Advisors LLC now owns 2,300 shares of the industrial products company’s stock worth $418,000 after buying an additional 211 shares in the last quarter. Eqis Capital Management Inc. increased its stake in Caterpillar by 2.6% during the 4th quarter. Eqis Capital Management Inc. now owns 2,707 shares of the industrial products company’s stock worth $493,000 after buying an additional 69 shares in the last quarter. Personal Capital Advisors Corp increased its stake in Caterpillar by 26.0% during the 4th quarter. Personal Capital Advisors Corp now owns 4,575 shares of the industrial products company’s stock worth $833,000 after buying an additional 943 shares in the last quarter. Finally, Change Path LLC purchased a new stake in Caterpillar during the 4th quarter worth approximately $250,000. Hedge funds and other institutional investors own 68.11% of the company’s stock.

Shares of NYSE:CAT opened at $215.19 on Wednesday. Caterpillar has a 12-month low of $129.23 and a 12-month high of $246.69. The firm has a fifty day moving average of $228.51. The stock has a market cap of $117.88 billion, a P/E ratio of 34.43, a PEG ratio of 1.89 and a beta of 0.92. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.60 and a quick ratio of 1.15.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Thursday, April 29th. The industrial products company reported $2.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.94. Caterpillar had a return on equity of 26.63% and a net margin of 7.99%. The business had revenue of $11.89 billion for the quarter, compared to the consensus estimate of $11 billion. During the same period last year, the business posted $1.60 EPS. The business’s revenue was up 11.8% compared to the same quarter last year. Sell-side analysts forecast that Caterpillar will post 9.6 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 20th. Stockholders of record on Tuesday, July 20th will be issued a $1.11 dividend. This represents a $4.44 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Monday, July 19th. This is a boost from Caterpillar’s previous quarterly dividend of $1.03. Caterpillar’s payout ratio is 62.80%.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, motorgraders, pipelayers, road reclaimers, telehandlers, and utility vehicles; backhoe, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.

See Also: Technical Analysis

Analyst Recommendations for Caterpillar (NYSE:CAT)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: Most Volatile Stocks – What Investors Need to Know to Maximize ROI

7 Tech Stocks That Will Avoid Government Regulation

As if investing in the tech sector did not carry enough risk, there’s a new threat to the tech part of your portfolio. There is a growing sense that the United States Congress will seek to regulate some of the largest tech companies.

At this point, it looks like several of the FAANG stocks (Facebook, Amazon, Apple, Netflix, and Alphabet/Google) may be the initial targets. Some regulation, particularly regarding data security and privacy – not to mention censorship – would be welcome. But we all know it’s not likely to stop there.

What will more extreme regulation look like? If the most vocal members of Congress hold sway, some of these companies may get broken up or face utility-like regulation. From an investment standpoint, it just adds uncertainty.

The good news is that the tech sector encompasses many companies that are likely to avoid government regulation. With areas like cybersecurity, support for remote work, and mobile gaming to continue to pick up steam, there are other areas that can help boost your portfolio.

And in this special presentation, we’ll give you seven of our picks for tech stocks that will avoid government regulation.

View the “7 Tech Stocks That Will Avoid Government Regulation”.