Caterpillar Inc.is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. (NYSE:CAT) opened at 104.66 on Thursday. The brokerage now has a hold rating on the industrial products company's stock.
Several other brokerages have also commented on CAT. (CAT) has a trading volume of 6.73 Million shares, with an average trading volume of 7440 shares - with shares dropping to a 52 week low of $66.67, and the company's shares hitting a 52 week high of $ 105.98. The average 12 month target price among brokerages that have covered the stock in the past year is $95.52. CLSA reiterated an "outperform" rating on shares of Caterpillar in a report on Tuesday, January 10th. Price Target plays a critical role when it comes to the analysis of a Stock.
Shares of Seadrill Ltd (NYSE:SDRL) declined -5.05% to $0.668. The company's market cap is $61.38 billion. The 20 day simple moving average is 8.15% and the 200 day simple moving average is 16.47%. Caterpillar also was the recipient of some unusual options trading on Thursday. Stock investors bought 8,585 put options on the stock. This represents an increase of approximately 477% compared to the average volume of 1,489 put options. The industrial products company reported $1.28 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.62 by $0.66. In terms of margins, Caterpillar Inc. has a gross margin of 26.50%, with its operating margin at 1.30%, and Caterpillar Inc. has a profit margin of -0.20%. Earnings per share (EPS) is -0.12, and this is looking to grow in the next year to 38.89% after growing -102.70% this past year. The firm's quarterly revenue was up 3.8% on a year-over-year basis. Jefferies Group analyst S. Volkmann now forecasts that the industrial products company will post earnings per share of $3.80 for the year, up from their previous estimate of $2.85. TRADEMARK VIOLATION NOTICE: This news story was originally posted by Markets Daily and is owned by of Markets Daily. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and worldwide copyright law. Stockholders of record on Monday, April 24th will be paid a dividend of $0.77 per share. The ex-dividend date is Thursday, April 20th. This represents a $3.08 annualized dividend and a dividend yield of 3.00%. Caterpillar's payout ratio is -2,369.23%.
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In related news, Director Daniel M. Dickinson sold 3,884 shares of Caterpillar stock in a transaction that occurred on Tuesday, February 14th.
The stock subtracted in the prior trading session by -1.89%, closing at the stock price of $102.68. The stock was purchased at an average cost of $99.32 per share, with a total value of $99,320.00. Following the transaction, the insider now directly owns 10,230 shares in the company, valued at $1,016,043.60. The disclosure for this sale can be found here. The volatility in the previous week has experienced by 2.14% and observed of 1.81% in the previous month.73.00% ownership is held by institutional investors while insiders hold ownership of 0.10%.
Other large investors also recently added to or reduced their stakes in the company. Howe & Rusling Inc. increased its stake in Caterpillar by 52.0% in the first quarter. Quadrant Capital Group LLC now owns 1,282 shares of the company's stock valued at $106,000 after buying an additional 65 shares during the period. The legal version of this article can be accessed at https://www.com-unik.info/2017/04/27/caterpillar-inc-cat-declares-0-77-quarterly-dividend-updated.html. A month ago, they told us to expect earnings of US$0.79 per share while three months ago their EPS consensus estimate was US$0.81. Enterprise Financial Services Corp boosted its stake in Caterpillar by 7.0% in the third quarter.