Caterpillar Inc. (NYSE:CAT) – Investment analysts at Jefferies Financial Group cut their Q1 2019 earnings per share estimates for shares of Caterpillar in a report issued on Monday, January 28th. Jefferies Financial Group analyst S. Volkmann now forecasts that the industrial products company will post earnings of $2.85 per share for the quarter, down from their prior estimate of $3.09. Jefferies Financial Group has a “Hold” rating and a $130.00 price objective on the stock. Jefferies Financial Group also issued estimates for Caterpillar’s Q2 2019 earnings at $3.00 EPS, Q4 2019 earnings at $3.05 EPS, FY2019 earnings at $12.00 EPS, FY2020 earnings at $12.85 EPS and FY2021 earnings at $13.25 EPS.
A number of other equities research analysts also recently weighed in on CAT. Zacks Investment Research downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. Macquarie restated a “sell” rating on shares of Caterpillar in a research note on Thursday, October 11th. ValuEngine downgraded shares of Caterpillar from a “hold” rating to a “sell” rating in a research note on Thursday, October 18th. Cleveland Research reiterated a “hold” rating on shares of Caterpillar in a research report on Friday, October 19th. Finally, Oppenheimer reiterated a “hold” rating on shares of Caterpillar in a research report on Tuesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Caterpillar currently has an average rating of “Buy” and a consensus target price of $152.59.
CAT opened at $130.11 on Wednesday. Caterpillar has a 1-year low of $112.06 and a 1-year high of $165.79. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.02 and a current ratio of 1.37. The company has a market capitalization of $73.39 billion, a PE ratio of 11.60, a P/E/G ratio of 0.54 and a beta of 1.46.
Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Monday, January 28th. The industrial products company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.43). Caterpillar had a net margin of 11.23% and a return on equity of 45.31%. The company had revenue of $14.34 billion during the quarter, compared to analyst estimates of $14.36 billion. During the same quarter in the previous year, the business posted $2.16 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 20th. Shareholders of record on Tuesday, January 22nd will be issued a dividend of $0.86 per share. The ex-dividend date of this dividend is Friday, January 18th. This represents a $3.44 annualized dividend and a yield of 2.64%. Caterpillar’s payout ratio is 30.66%.
A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Caterpillar by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 49,811,616 shares of the industrial products company’s stock valued at $7,595,773,000 after acquiring an additional 534,451 shares in the last quarter. Vanguard Group Inc increased its stake in shares of Caterpillar by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 49,811,616 shares of the industrial products company’s stock valued at $7,595,773,000 after acquiring an additional 534,451 shares in the last quarter. Morgan Stanley increased its stake in shares of Caterpillar by 15.4% in the 3rd quarter. Morgan Stanley now owns 4,001,534 shares of the industrial products company’s stock valued at $610,195,000 after acquiring an additional 534,061 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Caterpillar by 289.4% in the 3rd quarter. Capital Research Global Investors now owns 3,934,537 shares of the industrial products company’s stock valued at $599,978,000 after acquiring an additional 2,924,169 shares in the last quarter. Finally, Sanders Capital LLC bought a new stake in shares of Caterpillar in the 4th quarter valued at $422,262,000. Hedge funds and other institutional investors own 66.74% of the company’s stock.
Caterpillar Company Profile
Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.
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