Caterpillar Inc. (NYSE:CAT)‘s stock had its “sell” rating reissued by Axiom Securities in a report released on Friday.

Other equities analysts also recently issued research reports about the company. Credit Suisse Group set a $111.00 price objective on Caterpillar and gave the company a “buy” rating in a research note on Monday, March 20th. Evercore ISI upgraded Caterpillar from a “hold” rating to a “buy” rating in a research note on Thursday, February 16th. Deutsche Bank AG dropped their price objective on Caterpillar from $108.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, April 6th. Zacks Investment Research upgraded Caterpillar from a “hold” rating to a “buy” rating and set a $107.00 price objective on the stock in a research note on Monday, April 10th. Finally, Raymond James Financial, Inc. upgraded Caterpillar to a “buy” rating and set a $55.00 price objective on the stock in a research note on Thursday, April 27th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $94.65.

Analyst Recommendations for Caterpillar (NYSE:CAT)

Caterpillar (NYSE:CAT) opened at 107.49 on Friday. Caterpillar has a 52 week low of $70.53 and a 52 week high of $108.04. The stock’s 50 day moving average price is $103.36 and its 200-day moving average price is $97.14. The company’s market cap is $63.32 billion.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, April 25th. The industrial products company reported $1.28 EPS for the quarter, beating the consensus estimate of $0.62 by $0.66. Caterpillar had a return on equity of 5.76% and a net margin of 2.03%. The business had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.27 billion. During the same quarter in the prior year, the business earned $0.67 earnings per share. Caterpillar’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities research analysts forecast that Caterpillar will post $4.13 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, August 19th. Stockholders of record on Thursday, July 20th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, July 18th. This represents a $3.12 annualized dividend and a dividend yield of 2.90%. This is a boost from Caterpillar’s previous quarterly dividend of $0.77. Caterpillar’s dividend payout ratio is presently -1,140.70%.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Atlantic Trust LLC boosted its position in Caterpillar by 31.8% in the first quarter. Atlantic Trust LLC now owns 10,410 shares of the industrial products company’s stock valued at $966,000 after buying an additional 2,510 shares during the last quarter. Clearbridge Investments LLC boosted its position in Caterpillar by 0.3% in the first quarter. Clearbridge Investments LLC now owns 3,635 shares of the industrial products company’s stock valued at $337,000 after buying an additional 10 shares during the last quarter. Perigon Wealth Management LLC boosted its position in Caterpillar by 3,749.2% in the first quarter. Perigon Wealth Management LLC now owns 2,502 shares of the industrial products company’s stock valued at $232,000 after buying an additional 2,437 shares during the last quarter. UBS Oconnor LLC boosted its position in Caterpillar by 11.9% in the first quarter. UBS Oconnor LLC now owns 174,000 shares of the industrial products company’s stock valued at $16,140,000 after buying an additional 18,541 shares during the last quarter. Finally, S. R. Schill & Associates boosted its position in Caterpillar by 0.3% in the first quarter. S. R. Schill & Associates now owns 2,204 shares of the industrial products company’s stock valued at $204,000 after buying an additional 6 shares during the last quarter. 72.48% of the stock is currently owned by hedge funds and other institutional investors.

Caterpillar Company Profile

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