Wells Fargo & Co set $ 145.00 target price Caterpillar (NYSE: CAT) in a research note issued to investors on Wednesday, October 24th, Fly reports. The broker currently has a scale of purchase on the stock of the industrial products company.
Recently, several other research companies said on CAT. Citigroup raised shares of Caterpillar to a higher score than expected in a research report on Friday, September 21st. OTR Global graduated downgrading contributions from Caterpillar to a positive rate in a research report on Friday, September 21st. Macquarie installed a $ 130.00 target price on Caterpillar shares and sold the company to a company in a research report on Tuesday, September 25th. Robert W. Baird raised shares of Caterpillar from a neutral scale to a higher score than the figure and set a $ 158.00 target price on the stock in a research report on Thursday, September 20th. Finally, Zash Investment Research has downgraded Caterpillar's shares from a scale to buy in a research report on Monday, October 8th. Two equity research analysts have rated the stock with a sales scale, eleven have rated a scale, sixteen have announced a purchase rating and two have given a strong purchase rating for the company's stock. The company currently has a consensus rate of Purchasing and a consensus target price of $ 158.55.
The NYSE CAT shares traded $ 0.54 during Wednesday's midday trading, reaching $ 129.96. The company had a volume of 5,955,864 trading shares, compared to an average volume of 5,480,809. The company has a debt-to-equity ratio of 1.60, an current ratio of 1.48 and a fast 1.02 ratio. The company has market capitalization of $ 74.33 billion, price-to-earnings ratio of 18.89, price-to-earnings growth ratio of 0.69 and beta from 1.58. Caterpillar 52 weeks is low at $ 112.06 and 52 weeks high at $ 173.24.
Caterpillar (NYSE: CAT) announced its earnings results on Tuesday, October 23rd. The company reported $ 2.86 EPS industrial products for the quarter, knocking the Zacks consensus of $ 2.83 by $ 0.03. The revenue company had $ 13.51 billion for the quarter, compared to a consensus estimation of $ 13.28 billion. Lindyswydd had a net edge of 7.13% and equity return of 44.13%. The company's revenue was up 18.4% annually. During the same period last year, the company sent a $ 1.95 EPS. As a group, sales side analysts anticipate that Caterpillar will post 11.64 earnings per share for the current year.
The company also revealed a quarterly dividend recently, which will be paid on Tuesday, November 20th. A dividend of $ 0.86 of shareholders is given from a record on Monday, October 22nd. This represents an annual dividend of $ 3.44 and a product of 2.65%. Date before the dividend of this dividend is Friday, October 19th. There is currently a 50.00% cabinet payment ratio.
In other news, Denise C. Johnson, an interim, sold 35,051 shares of the company's stock in a transaction on Tuesday, October 2nd. The shares were sold at an average price of $ 154.18, for a total value of $ 5,404,163.18. After completing the sales, the internal person now has 22,826 shares in the company, which is valued at around $ 3,519,312.68. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through this hyperlink. Also, Lange bought South, inside, 1,080 shares of Caterpillar stock in a transaction dated Friday, October 26th. The stock was purchased at an average price of $ 115.58 per share, with a total value of $ 124,826.40. Following the purchase, the chancellor now owns 11,310 shares in the company, which is worth about $ 1,307,209.80. The disclosure for this purchase to see here. The company's insiders have 0.36% of the company's stock.
Cattle funds have recently added or reduced their efforts in the company. Cynorthwyr Hen Porth had a great benefit in shares of Caterpillar in the second quarter worth $ 1,804,000. Zacks Investment Management raised its share in shares of Caterpillar by 12.7% in the second quarter. Z Investment Management now owns 87,963 shares of the stock of industrial products sold at $ 11,934,000 after the purchase of 9,918 additional shares during the period. Hartford Financial Management Inc. his share in shares of Caterpillar by 92.4% in the second quarter. Hartford Financial Management Inc. is now Owned 24,696 shares of the stock of industrial products sold at $ 3,351,000 after buying 11,860 additional shares during the period. Selective Richness Management earned a new share in Caterpillar shares in the third quarter valued at around $ 152,000. Finally, Welch Group LLC raised its share in shares of Caterpillar by 9.9% in the third quarter. Welch Group LLC now owns 10,523 shares of the stock of the industrial products company sold at $ 1,605,000 after the purchase of 949 additional shares during the period. Institutional investors own 67.14% of the stock of the company.
Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas machines, industrial gas turbines, and diesel locomotives for construction, resource and energy and transport industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-land loaders, forestry excavators, bunchers, harvesters, loader crop loaders, motorgraders, pipelayers, road recovery, prep tractors, loaders, telehandlers , type loaders of traces, wheel excavators, and tractor type tractors.
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