Caterpillar Inc. (NYSE:CAT)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $81.38 and last traded at $80.34, with a volume of 4,004,206 shares trading hands. The stock had previously closed at $79.69.

A number of equities analysts have commented on CAT shares. Zacks Investment Research cut shares of Caterpillar from a “hold” rating to a “sell” rating in a research note on Thursday, June 30th. Goldman Sachs Group Inc. reissued a “sell” rating on shares of Caterpillar in a research note on Thursday, March 31st. Vertical Group raised shares of Caterpillar to a “buy” rating in a research note on Friday, April 15th. Axiom Securities reissued a “sell” rating on shares of Caterpillar in a research note on Tuesday, April 12th. Finally, Vetr cut shares of 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 investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $70.16.

The firm has a 50 day moving average price of $76.33 and a 200-day moving average price of $71.75. The firm has a market cap of $46.80 billion and a PE ratio of 42.17.

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

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

In other news, Director Dennis A. Muilenburg acquired 1,128 shares of the company’s stock in a transaction on Monday, May 9th. The stock was bought at an average cost of $71.01 per share, with a total value of $80,099.28. Following the completion of the purchase, the director now directly owns 7,628 shares of the company’s stock, valued at $541,664.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David L. Calhoun acquired 25,000 shares of the company’s stock in a transaction on Tuesday, April 26th. The shares were purchased at an average cost of $77.44 per share, with a total value of $1,936,000.00. Following the completion of the purchase, the director now directly owns 33,129 shares of the company’s stock, valued at $2,565,509.76. The disclosure for this purchase can be found here.

Other hedge funds and institutional investors have recently bought and sold shares of the company. Howland Capital Management LLC raised its position in Caterpillar by 0.3% in the fourth quarter. Howland Capital Management LLC now owns 31,311 shares of the company’s stock valued at $2,128,000 after buying an additional 100 shares during the last quarter. Columbia Asset Management raised its position in Caterpillar by 0.4% in the fourth quarter. Columbia Asset Management now owns 38,204 shares of the company’s stock valued at $2,596,000 after buying an additional 134 shares during the last quarter. Garcia Hamilton & Associates LP DE raised its position in Caterpillar by 0.6% in the fourth quarter. Garcia Hamilton & Associates LP DE now owns 25,183 shares of the company’s stock valued at $1,711,000 after buying an additional 138 shares during the last quarter. Boltwood Capital Management raised its position in Caterpillar by 0.8% in the fourth quarter. Boltwood Capital Management now owns 21,134 shares of the company’s stock valued at $1,429,000 after buying an additional 175 shares during the last quarter. Finally, Navellier & Associates Inc raised its position in 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 during 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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