Caterpillar Inc. (CAT) added 0.24% to reach $131.68 in the previous trading session. FMR LLC now owns 19,613,661 shares of the industrial products company's stock valued at $2,107,684,000 after buying an additional 2,052,300 shares during the period. Clearbridge Investments LLC lifted its position in Caterpillar by 0.3% during the 1st quarter. Motco now owns 989 shares of the industrial products company's stock valued at $106,000 after acquiring an additional 718 shares during the last quarter. On average, 23 analysts polled by Thomson Reuters expected earnings of $0.75 per share for the quarter. Pittenger & Anderson Inc. now owns 1,325 shares of the company's stock valued at $100,000 after buying an additional 25 shares during the period. Sabal Trust CO now owns 4,128 shares of the company's stock valued at $313,000 after buying an additional 28 shares during the period. This is not a recommendation to buy or sell Caterpillar Inc.
The telecom giant's third-quarter profit declined to $3.0 billion or $0.49 per share from $3.3 billion or $0.54 per share previous year. FMR LLC lifted its holdings in Caterpillar by 11.7% in the second quarter. Caterpillar has a 12 month low of $80.33 and a 12 month high of $140.44. (CAT) in the open market. Overall, 5.54 Million shares exchanged hands versus its average trading volume of 3.38 Million shares. The company now expects full-year 2017 sales and revenues of about $44 billion.
The firm's 50-day moving average is $125.53 and its 200 day moving average is $111.48.
Caterpillar (NYSE:CAT) last released its quarterly earnings results on Tuesday, October 25th.
Caterpillar Inc. reported earnings per share of $1.95 for the third quarter of the year. Caterpillar had a return on equity of 12.79% and a net margin of 2.54%.
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Total sales and revenue rose to $11.41 billion.
At its current share price, CAT trades at 26x this year's earnings, implying investors believe it is still well below mid-cycle earnings. The Firm provides a range of banking and financial services in markets, including consumer, business and institutional banking and wealth management services. Analysts expect EPS of $8.95. Shareholders of record on Friday, January 20th will be paid a $0.77 dividend. Caterpillar's dividend payout ratio is 2,080.00%.
Several equities research analysts recently issued reports on the stock. Vetr upgraded Caterpillar from a "sell" rating to a "hold" rating and set a $124.44 price objective on the stock in a research note on Tuesday, October 10th. Finally, Zacks Investment Research raised shares of Caterpillar from a "hold" rating to a "buy" rating and set a $121.00 price target for the company in a research report on Friday, July 14th. The stock of Westpac Banking Corp (ADR) (NYSE:WBK) has "Outperform" rating given on Wednesday, September 2 by Credit Suisse. Finally, Deutsche Bank AG reissued a "buy" rating and set a $102.00 target price on shares of Caterpillar in a report on Friday, December 2nd. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold".
In related news, Director William A. Osborn sold 5,000 shares of the stock in a transaction that occurred on Friday, July 28th. (CAT)'s shares. The total value of these holdings, in millions, is $54,706. Insider ownership decreased by a total of 287344 shares, which suggests that CAT's key executives are feeling less optimistic about the outlook for the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Caterpillar Inc.is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.