Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, April 25th. They now have a $168.00 price objective on the industrial products company's stock. Parametric Portfolio Associates Llc reported 1.60M shares. Wells Fargo has "Buy" rating and $200.0 target. It also reduced its holding in Korn Ferry Intl (NYSE:KFY) by 14,683 shares in the quarter, leaving it with 1.96M shares, and cut its stake in National Storage Affiliates. Robert W. Baird reiterated a "hold" rating and set a $168.00 price target on shares of Caterpillar in a report on Friday, April 13th. The firm earned "Buy" rating on Monday, February 12 by J.P. Morgan. (NYSE:CAT) earned "Sector Perform" rating by RBC Capital Markets on Friday, January 27. The stock now has an average rating of Buy and an average target price of $170.21. UBS set a $180.00 target price on shares of Caterpillar and gave the company a "buy" rating in a research note on Friday, January 5th. Its up 0.03, from 1.1 in 2017Q3. Symphony Asset Management Llc who had been investing in Caterpillar Inc Com for a number of months, seems to be bullish on the $86.32 billion market cap company. The stock has a market capitalization of $91,586.16, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 1.39 and a beta of 1.30. (NYSE:CAT). Partnervest Advisory Serv Lc holds 0.14% in Caterpillar Inc. The industrial products company reported $1.28 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.62 by $0.66. Adirondack Trust Company has 1.08% invested in Caterpillar Inc. The firm had revenue of $12.86 billion during the quarter, compared to analysts' expectations of $11.99 billion. Profit per share are $2.74.That's a major improvement from previous year, when it was just 32 cents. This represents a $3.12 annualized dividend and a dividend yield of 2.03%. Caterpillar's dividend payout ratio (DPR) is -2,369.23%.
In related news, insider Thomas A. Pellette sold 95,199 shares of the stock in a transaction dated Wednesday, January 31st. Following the completion of the sale, the insider now directly owns 96,268 shares of the company's stock, valued at $15,700,348.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Suzette M. Long sold 528 shares of Caterpillar stock in a transaction on Tuesday, January 30th. In a transaction dated November 27, 2017, the shares were put up for sale at an average price of $137.67, raking in a sum of $357,942. The shares were sold at an average price of $160.46, for a total value of $84,722.88. The disclosure for this sale can be found here. It is positive, as 55 investors sold CAT shares while 401 reduced holdings. The Us-based Ancora Advsr Ltd Limited Liability Company has invested 0.03% in Caterpillar Inc. The stock witnessed 4.83% gains, -9.89% declines and 17.06% gains for the 1-month, 3-month and 6-month period, respectively. Aevitas Wealth Management Inc. purchased a new position in Caterpillar during the fourth quarter worth about $143,000.More news: Rob Gronkowski confirms he'll play for Patriots in 2018
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The heavy-duty equipment manufacturer added 10,900 jobs from a year earlier, bringing its worldwide total to 118,800 and it repurchased $500 million of common stock in the first quarter of 2018. Ltd acquired a new stake in Caterpillar during the fourth quarter valued at approximately $131,000. Covington Capital Management now owns 2,690 shares of the industrial products company's stock worth $424,000 after acquiring an additional 340 shares in the last quarter. Caterpillar has a 52 week low of $97.74 and a 52 week high of $173.24. Investors of record on Monday, April 23rd will be paid a dividend of $0.78 per share. Eaton Vance Management raised its stake in shares of Caterpillar by 275.4% in the third quarter.
Shares in Caterpillar, part of the Dow Jones Industrial Average, were last up 3 per cent at US$158.66 on the New York Stock Exchange.