Somewhat Favorable News Coverage Somewhat Unlikely to Impact Caterpillar (CAT) Share Price
News articles about Caterpillar (NYSE:CAT) have trended somewhat positive on Saturday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Caterpillar earned a daily sentiment score of 0.24 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 46.6178764368673 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Columbus McKinnon Corporation (CMCO) & Caterpillar (CAT) Head-To-Head Review (americanbankingnews.com)
- Police: Stranger flashes obscene gesture at former Caterpillar CEO Doug Oberhelman (pjstar.com)
- Digging Into Caterpillar’s Growth Prospects (seekingalpha.com)
- Why Trump is on the losing end after cutting his councils (finance.yahoo.com)
- Caterpillar, Inc. (CAT) Expected to Post Quarterly Sales of $10.59 Billion (americanbankingnews.com)
A number of equities research analysts recently weighed in on the stock. UBS AG reissued a “neutral” rating and set a $102.00 price target (up from $98.00) on shares of Caterpillar in a research note on Friday, April 28th. Wells Fargo & Company reissued an “outperform” rating on shares of Caterpillar in a research note on Wednesday, July 26th. Vetr raised shares of Caterpillar from a “strong sell” rating to a “buy” rating and set a $120.03 price target for the company in a research note on Thursday, August 10th. Axiom Securities reissued a “sell” rating on shares of Caterpillar in a research note on Tuesday, June 6th. Finally, Citigroup Inc. boosted their price target on shares of Caterpillar from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $107.15.
Shares of Caterpillar (NYSE CAT) traded up 0.69% on Friday, reaching $113.92. 3,875,693 shares of the company traded hands. The firm has a 50-day moving average price of $111.03 and a 200 day moving average price of $101.77. Caterpillar has a one year low of $79.93 and a one year high of $115.46. The company has a market capitalization of $67.32 billion, a PE ratio of 636.42 and a beta of 1.25.
Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.23. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The business had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $10.96 billion. During the same quarter last year, the firm posted $1.09 EPS. Caterpillar’s revenue was up 9.6% compared to the same quarter last year. Equities analysts forecast that Caterpillar will post $5.24 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, August 19th. Investors of record on Thursday, July 20th will be given a $0.78 dividend. The ex-dividend date is Tuesday, July 18th. This represents a $3.12 annualized dividend and a yield of 2.74%. This is an increase from Caterpillar’s previous quarterly dividend of $0.77. Caterpillar’s dividend payout ratio (DPR) is presently 2,080.00%.
In related news, Director William A. Osborn sold 5,000 shares of Caterpillar stock in a transaction on Friday, July 28th. The shares were sold at an average price of $113.67, for a total value of $568,350.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bradley M. Halverson sold 182,612 shares of Caterpillar stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $114.05, for a total transaction of $20,826,898.60. The disclosure for this sale can be found here. In the last three months, insiders sold 201,471 shares of company stock valued at $22,979,332. 0.15% of the stock is currently owned by insiders.
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