Caterpillar Inc. (NYSE:CAT) Receives Buy Rating From Raymond James Financial Analysts

Robyn Ryan
April 30, 2017

Howe & Rusling Inc. boosted its stake in shares of Caterpillar by 52.0% in the first quarter. Also, insider Lange Bob De acquired 1,000 shares of the business's stock in a transaction that occurred on Tuesday, February 21st. Enterprise Financial Services Corp boosted its stake in shares of Caterpillar by 7.0% in the third quarter. The industrial products company reported $1.28 EPS for the quarter, beating the Zacks' consensus estimate of $0.62 by $0.66. FMR LLC increased its stake in Caterpillar by 25.8% in the fourth quarter. The average broker rating helps provide investors with a general sense of analyst sentiment on company stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock.

Several other brokerages have also commented on CAT. Meiji Yasuda Asset Management Co Ltd.'s holdings in Caterpillar were worth $839,000 at the end of the most recent reporting period. Evercore ISI raised shares of Caterpillar from a "hold" rating to a "buy" rating in a research note on Friday, February 10th.

Caterpillar (NYSE:CAT) opened at 102.68 on Friday.

Caterpillar Inc. (NYSE:CAT) has a 50 day moving average of 94.54 and a 200 day moving average of 93.26. The relative volume of the stock is 1.77, while its market cap is $61.31 Billion. Caterpillar Inc. has a 12-month low of $69.04 and a 12-month high of $105.98.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, January 26th. The stock now shows its YTD (Year to Date) performance of 0.32 percent while its Weekly performance value is 0.83%. In terms of margins, Caterpillar Inc. has a gross margin of 26.50%, with its operating margin at 1.30%, and Caterpillar Inc. has a profit margin of -0.20%. The business earned $9.82 billion during the quarter, compared to analysts' expectations of $9.27 billion. The firm's revenue for the quarter was up 3.8% compared to the same quarter a year ago. The company reported revenue of $9.96 Billion in the same period previous year. On average, equities research analysts anticipate that Caterpillar Inc. will post $3.07 earnings per share for the current fiscal year. Stockholders of record on Monday, April 24th will be paid a $0.77 dividend.

On 12/14/2016 Caterpillar announced a quarterly dividend of $0.77 3.26% with an ex dividend date of 1/18/2017 which will be payable on 2/18/2017. Additionally, the company now expects adjusted EPS of ~$3.75 at the midpoint compared to ~$2.90 prior. Caterpillar's payout ratio is presently -2,369.23%. (NYSE:CAT)'s Buy count is 0 and Strong Buy is 5 while the number of analysts recommending Sell and Strong Sell are 0 and 10, respectively. Longbow Research restated a "hold" rating on shares of Caterpillar in a research note on Wednesday, January 25th.

Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Caterpillar Inc. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock now has a consensus rating of "Hold" and a consensus target price of $91.94. The stock appeared -3.11% below its 52-week highs and is up 8.47% for the last five trades. Many traders and investors view the 52-week high or low as an important factor in determining a stock's current value and predicting future price movement. The stock was purchased at an average cost of $99.32 per share, with a total value of $99,320.00. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.15% of the company's stock. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & global trademark & copyright laws.

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