Caterpillar Inc. (CAT) Stake Increased by Ipswich Investment Management Co. Inc
The brokerage presently has a "hold" rating on the stock.
Sell-side analyst recommendations point to a short term price target of $96 on the shares of Caterpillar Inc.
Based on their most recently released notes to investors, 3 analysts have a rating of "buy", 5 analysts "outperform", 13 analysts "hold", 1 analysts "underperform" and 1 analysts "sell". Caterpillar now has an average rating of "Hold" and an average price target of $93.22. Capital World Investors now owns 18,220,351 shares of the company's stock worth $1,617,421,000 after buying an additional 2,546,164 shares during the last quarter. They just need to take the company's market capitalization and divide it by the company's total sales over the past 12 months. The company's 50 day moving average is $94.10 and its 200-day moving average is $92.52. Large ranges indicate high volatility and small ranges indicate low volatility. Caterpillar also saw some unusual options trading activity on Thursday. The fund owned 3,150 shares of the company's stock at the end of the first quarter. The return on invested capital at 0.6%, which is good, compared to its peers.
Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Thursday, January 26th. The company reported $0.83 EPS for the quarter, topping the Zacks' consensus estimate of $0.66 by $0.17. The company earned $9.57 billion during the quarter, compared to analysts' expectations of $9.87 billion.
Caterpillar Inc. (CAT) is now showing its ROA (Return on Assets) of -0.1%.
"For the first time in living memory, defense industry showed up in the national accounts in the last quarter of a year ago as helping to drive the economy - larger than the National Broadband Network", he told reporters on Thursday. During the same quarter in the previous year, the firm posted $0.74 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, May 20th. Investors of record on Monday, April 24th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Thursday, April 20th. Total debt to equity ratio of the company for most recent quarter is 2.80 while Long term debt to equity ratio for same time period is 1.74.
04/05/2017 - Caterpillar, Inc. had its " rating reiterated by analysts at Deutsche Bank. If you are viewing this story on another publication, it was stolen and reposted in violation of U.S. & global trademark and copyright laws. The correct version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/04/14/caterpillar-inc-cat-pt-set-at-102-00-by-robert-w-baird.html. Also, insider Lange Bob De purchased 1,000 shares of the business's stock in a transaction on Tuesday, February 21st. Insiders own 0.15% of the company's stock. Also, Director Daniel M. Dickinson sold 3,884 shares of the firm's stock in a transaction on Tuesday, February 14th. The disclosure for this sale can be found here. The number of shares now owned by investors are 481.89 mln. Inc.'s holdings in Caterpillar were worth $4,658,000 as of its most recent filing with the SEC. Shares of Caterpillar Inc. (CAT) has a trading volume of 4.77 Million shares, with an average trading volume of 4950 shares - with shares dropping to a 52 week low of $67.23, and the company's shares hitting a 52 week high of $ 99.46. Finally, Longbow Research reissued a "hold" rating on shares of Caterpillar in a report on Wednesday, January 25th. FMR LLC now owns 15,763,049 shares of the company's stock worth $1,461,865,000 after buying an additional 3,228,098 shares during the last quarter. Bingham Osborn & Scarborough LLC boosted its position in shares of Caterpillar by 0.4% in the fourth quarter. Mizuho Securities USA Inc. now owns 30,814 shares of the company's stock worth $2,735,000 after buying an additional 24,829 shares during the period. 3,294,304 shares of the company's stock were exchanged.
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