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

Several brokerages have recently weighed in on CAT. Axiom Securities reiterated a “sell” rating and set a $33.00 price objective (up previously from $28.00) on shares of Caterpillar in a report on Tuesday, April 19th. Credit Suisse Group AG reiterated a “buy” rating and set a $87.00 price objective on shares of Caterpillar in a report on Wednesday, July 13th. Vetr raised shares of Caterpillar from a “sell” rating to a “hold” rating and set a $81.54 target price for the company in a research report on Wednesday, April 13th. Vertical Group raised shares of Caterpillar to a “buy” rating in a research report on Friday, April 15th. Finally, Vertical Research raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Friday, April 15th. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $70.16.

The company has a 50-day moving average price of $76.71 and a 200 day moving average price of $71.89. The company has a market cap of $46.35 billion and a PE ratio of 41.76.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results 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 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 company earned $1.72 EPS. The firm’s revenue for the quarter was down 25.5% on a year-over-year basis. On average, equities research analysts expect that Caterpillar Inc. will post $3.52 earnings per share for the current fiscal year.

The business also recently declared 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 of this dividend is Monday, July 18th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.88%.

In related news, CFO Bradley M. Halverson sold 878 shares of the business’s stock in a transaction that occurred on Tuesday, May 3rd. The shares were sold at an average price of $76.85, for a total transaction of $67,474.30. Following the completion of the sale, the chief financial officer now directly owns 12,051 shares in the company, valued at $926,119.35. The sale 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 the business’s stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $72.58, for a total transaction of $41,660.92. Following the sale, the chief financial officer now owns 10,783 shares of the company’s stock, valued at $782,630.14. The disclosure for this sale can be found here.

A number of hedge funds have made changes to their positions in the stock. Navellier & Associates Inc raised its stake 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 during the period. RBO & Co. LLC acquired a new stake in shares of Caterpillar during the fourth quarter valued at about $1,359,000. Hamilton Point Investment Advisors LLC raised its stake 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 during the period. Boltwood Capital Management raised its stake in shares of 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 period. Finally, Usca Ria LLC raised its stake in shares of Caterpillar by 3.7% in the fourth quarter. Usca Ria LLC now owns 22,155 shares of the company’s stock valued at $1,506,000 after buying an additional 798 shares during the period.

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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