Economy

$-0.15 EPS Expected for Caterpillar Inc. (CAT)

About shares traded. Caterpillar Inc. WI's holdings in Caterpillar were worth $6,613,000 as of its most recent SEC filing.

The following firms have recently changed their position in CAT. Credit Suisse Group reissued an "outperform" rating and issued a $133.00 price target (up previously from $123.00) on shares of Caterpillar in a report on Wednesday, July 26th. Vanguard Group Inc. now owns 35,404,617 shares of the company's stock worth $2,684,024,000 after buying an additional 832,572 shares during the period. Bancorpsouth Inc. increased its position in Caterpillar by 1.2% in the first quarter. Bank of Nova Scotia now owns 196,294 shares of the industrial products company's stock worth $18,208,000 after purchasing an additional 164,989 shares during the last quarter.

Short traders are feeling a little more bullish of late as evidenced by the motion in short interest. Morgan Stanley grew its stake in Caterpillar by 15.1% in the 1st quarter.

Caterpillar Inc. (CAT) added 0.04% to reach $136.53 in the previous trading session. Balyasny Asset Management LLC now owns 1,032,853 shares of the industrial products company's stock valued at $110,990,000 after acquiring an additional 1,216,053 shares during the last quarter. Following the transaction, the director now directly owns 6,554 shares of the company's stock, valued at $898,487.86. The total value of its holdings increased 12.8%. Director Daniel M. Dickinson let go of 3,813 shares at an average price of $137.09 on Monday the 30th. Active and passive investors always require every bit of information available regarding his chosen security and this include keeping close watch on fundamental and technical data. Also, insider Lange Bob De sold 1,572 shares of the company's stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $137.58, for a total value of $216,275.76.

The company is expected to report earnings of $1.71 a share for the next quarter. The disclosure for this sale can be found here. Company insiders own 0.14% of the company's stock.

ILLEGAL ACTIVITY WARNING: "Caterpillar, Inc". (NYSE:CAT) will grow at an accelerated rate over the next five years.

When we see the company's Volatility, it now has a monthly volatility of 1.27% and weekly volatility of 1.39%. The P/E ratio is now 94.87 and market capitalization is 81.07B. Caterpillar, Inc. has a 12-month low of $90.34 and a 12-month high of $140.44. The firm recorded a fall in short interest of -16.55% as of October 31, 2017 from the last reporting period. The business had revenue of $11.41 billion during the quarter, compared to the consensus estimate of $10.69 billion. The firm's quarterly revenue was up 24.6% compared to the same quarter a year ago. Caterpillar Inc. (CAT) now has 594930 shares outstanding, which means that its market capitalization is $80.55B.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, November 19th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Thursday, October 20th. Caterpillar's payout ratio is now 179.07%.

A number of equities research analysts recently commented on CAT shares. Finally, Zacks Investment Research raised Caterpillar from a "hold" rating to a "buy" rating and set a $121.00 price objective for the company in a report on Friday, July 14th.

Argus raised the price target of the stock on October 26 changing the price objective from $130.00 to $155.00 and issued a "Buy" recommendation. Finally, Goldman Sachs Group, Inc.

Royal Bank Of Canada raised the price target of the stock on October 25 changing the forecast from $120.00 to $143.00 with a "Sector Perform" recommendation. Of the analysts who provided ratings, 9 rated the company a Hold, 1 rated it a Strong Sell, 1 rated it a Moderate Buy, and 5 rated it a Strong Buy. Equity analyst Stifel Nicolaus raised the price target on October 25 boosting the projection from $125.00 to $145.00 and stated a "Hold" rating. Beach Investment Management LLC. bought a new stake in Caterpillar in the second quarter worth $231,000. "(NYSE:CAT) Stake Lessened by Prudential PLC" was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal.



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