Caterpillar Inc. (NYSE:CAT) dropped 1.5% during trading on Monday . The stock traded as low as $78.87 and last traded at $79.51, with a volume of 2,171,009 shares traded. The stock had previously closed at $80.70.

CAT has been the subject of several research analyst reports. Zacks Investment Research lowered Caterpillar from a “hold” rating to a “sell” rating in a research note on Thursday, June 30th. Goldman Sachs Group Inc. restated a “sell” rating on shares of Caterpillar in a research note on Thursday, March 31st. Vertical Group upgraded Caterpillar to a “buy” rating in a research note on Friday, April 15th. Axiom Securities restated a “sell” rating on shares of Caterpillar in a research note on Tuesday, April 12th. Finally, Vetr lowered Caterpillar from a “strong-buy” rating to a “buy” rating and set a $80.77 price target for the company. in a research note on Tuesday, May 31st. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $70.16.

The firm has a market cap of $46.56 billion and a PE ratio of 41.95. The company’s 50 day moving average is $76.12 and its 200-day moving average is $71.69.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Friday, April 22nd. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by $0.01. The firm earned $9.46 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same quarter in the previous year, the firm earned $1.72 EPS. The business’s revenue for the quarter was down 25.5% compared to the same quarter last year. On average, equities analysts anticipate that Caterpillar Inc. will post $3.52 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, August 20th. Stockholders of record on Wednesday, July 20th will be paid a $0.77 dividend. The ex-dividend date is Monday, July 18th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.86%.

In other Caterpillar news, Director David L. Calhoun acquired 25,000 shares of the company’s stock in a transaction dated Tuesday, April 26th. The shares were acquired at an average cost of $77.44 per share, for a total transaction of $1,936,000.00. Following the completion of the purchase, the director now owns 33,129 shares of the company’s stock, valued at approximately $2,565,509.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Bradley M. Halverson sold 574 shares of Caterpillar stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $72.58, for a total value of $41,660.92. Following the completion of the transaction, the chief financial officer now owns 10,783 shares in the company, valued at $782,630.14. The disclosure for this sale can be found here.

Several institutional investors have bought and sold shares of CAT. Essex Financial Services Inc. raised its position in Caterpillar by 7.8% in the fourth quarter. Essex Financial Services Inc. now owns 15,138 shares of the company’s stock worth $1,029,000 after buying an additional 1,096 shares during the last quarter. Navellier & Associates Inc raised its position in shares of Caterpillar by 1.2% in the fourth quarter. Navellier & Associates Inc now owns 17,400 shares of the company’s stock valued at $1,183,000 after buying an additional 200 shares in the last quarter. Profund Advisors LLC raised its position in shares of Caterpillar by 30.5% in the fourth quarter. Profund Advisors LLC now owns 18,199 shares of the company’s stock valued at $1,237,000 after buying an additional 4,251 shares in the last quarter. RBO & Co. LLC purchased a new position in shares of Caterpillar during the fourth quarter valued at about $1,359,000. Finally, Hamilton Point Investment Advisors LLC raised its position in shares of Caterpillar by 17.0% in the fourth quarter. Hamilton Point Investment Advisors LLC now owns 20,561 shares of the company’s stock valued at $1,397,000 after buying an additional 2,991 shares in the last quarter.

Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through its three product segments: Resource Industries, Construction Industries, and Energy & Transportation. It also provides financing and related services through its Financial Products segment.

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