Caterpillar, Inc. Common Stock (NYSE:CAT):
Caterpillar to Participate in Citi Conference on June 14; Webcast Available.
The company is down by -0.23% since yesterday’s close of $105.92.
Caterpillar, Inc. Common Stock recently announced a dividend for shareholders paid on Saturday the 20th of May 2017. The dividend was $0.770 per share for the quarter or $3.08 annualized. The dividend yield was $2.91. The ex-dividend date was set for Thursday the 20th of April 2017.
Caterpillar Inc. (Caterpillar), launched on March 12, 1986, is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, Resource Industries, Energy & Transportation, Financial Products segment and All Other operating segments. The Business’s products are sold primarily under the brands Caterpillar, CAT, design versions of CAT and Caterpillar, EMD, FG Wilson, MaK, MWM, Perkins, Progress Rail, SEM and Solar Turbines. As of December 31, 2016, the Business’s machines were distributed principally through an organization of dealers (dealer network), 49 located in the United States and 123 located outside the United States, serving 190 countries..
The stock is trading at $105.68 a bit higher than the 50 day moving average which is $102.42 and which is marginally higher than the 200 day moving average of $96.64. The 50 day moving average went up $3.50 or +3.42% and the 200 day average went up $9.28 or +9.60%.
In the last earnings report the EPS was $-0.25 and is expected to be $4.12 for the current year with 589,090,000 shares now outstanding. Next quarter’s EPS is estimated at $0.85 with next year’s EPS anticipated to be $5.24.
Several brokerages have issued ratings on the stock. On May 11 the stock rating was upgraded from “Neutral” to “Buy” with a current price target of $120.00 in an announcement from Bank of America. Bank of America raised the price target and upgraded the stock on May 11 changing the price target from $69.00 to $120.00 and raising the rating from “Neutral” to “Buy”.
On October 12 Barclays held the stock rating at “Hold” but raised the price target from $63.00 to $80.00. On October 11 the company was upgraded to “Buy” from “Neutral” and a price target of $112.00 was set in a report from Goldman Sachs.
Equity analyst Goldman Sachs both upgraded the stock and raised the price target on October 11 changing the price objective from $78.00 to $112.00 and changing the rating from “Neutral” to “Buy”. October 11 investment analysts at Jefferies maintained a stock rating of “Hold” and moved up the price target to $80.00 from $72.00.