News stories about Caterpillar (NYSE:CAT) have been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Caterpillar earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 45.8923338010314 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s rankings:
Get Caterpillar alerts: Tent Caterpillar population decreasing in Saskatchewan (620ckrm.com) Invasion of toxic caterpillars closes parts of seaside town (bbc.co.uk) Insider Q&A: Should investors worry about ‘peak earnings?’ (marketbeat.com) Britain’s toxic moth caterpillar invasion forces closures in resort over fears of irritating skin rashes and asthma (mirror.co.uk) Gardeners warned invasive moth is spreading across Britain after warm weather (telegraph.co.uk)Shares of Caterpillar traded up $2.02, reaching $155.71, during mid-day trading on Friday, MarketBeat reports. 3,889,339 shares of the company’s stock were exchanged, compared to its average volume of 5,837,434. The firm has a market cap of $93.11 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 1.10 and a beta of 1.31. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.96 and a current ratio of 1.36. Caterpillar has a twelve month low of $101.27 and a twelve month high of $173.24.
Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, April 24th. The industrial products company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.71. The company had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.99 billion. Caterpillar had a net margin of 4.59% and a return on equity of 34.38%. Caterpillar’s revenue was up 30.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.28 earnings per share. sell-side analysts forecast that Caterpillar will post 10.72 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Saturday, May 19th. Investors of record on Monday, April 23rd were issued a $0.78 dividend. The ex-dividend date was Friday, April 20th. This represents a $3.12 annualized dividend and a yield of 2.00%. Caterpillar’s payout ratio is 45.35%.
CAT has been the topic of a number of research reports. TheStreet raised shares of Caterpillar from a “c+” rating to an “a-” rating in a research note on Tuesday, April 24th. Vetr raised shares of Caterpillar from a “hold” rating to a “buy” rating and set a $170.44 target price on the stock in a research note on Monday, January 29th. UBS boosted their target price on shares of Caterpillar from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Bank of America boosted their target price on shares of Caterpillar from $189.00 to $192.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Finally, Seaport Global Securities raised shares of Caterpillar from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $170.90 to $195.00 in a research note on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $172.55.
In related news, CFO Joseph E. Creed sold 4,532 shares of the business’s stock in a transaction on Friday, May 11th. The shares were sold at an average price of $155.67, for a total value of $705,496.44. Following the transaction, the chief financial officer now owns 2,554 shares in the company, valued at $397,581.18. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Thomas A. Pellette sold 54,481 shares of the business’s stock in a transaction on Monday, May 7th. The shares were sold at an average price of $150.17, for a total transaction of $8,181,411.77. The disclosure for this sale can be found here. 0.36% of the stock is owned by insiders.
About Caterpillar
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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