The Caterpillar Inc. (CAT) Earns “Equal Weight” Rating from Morgan Stanley

The Caterpillar Inc. (CAT) Earns “Equal Weight” Rating from Morgan Stanley

Morgan Stanley reissued their equal weight rating on shares of Caterpillar Inc. (NYSE:CAT) in a research report report published on Wednesday morning. The brokerage currently has a $80.00 target price on the stock.

Other analysts have also issued research reports about the stock. RBC Capital Markets set a $73.00 target price on shares of Caterpillar and gave the stock a hold rating in a research note on Wednesday, July 27th. Jefferies Group reiterated a hold rating on shares of Caterpillar in a research note on Wednesday, August 3rd. Zacks Investment Research upgraded shares of Caterpillar from a sell rating to a hold rating in a research note on Tuesday, July 12th. TheStreet upgraded shares of Caterpillar from a hold rating to a buy rating in a research note on Friday, July 29th. Finally, Vetr lowered shares of Caterpillar from a buy rating to a sell rating and set a $82.00 target price for the company. in a research note on Monday, October 24th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $78.12.

Shares of Caterpillar (NYSE:CAT) opened at 83.88 on Wednesday. The company has a market cap of $49.04 billion, a P/E ratio of 81.60 and a beta of 1.54. The firm has a 50-day moving average of $85.19 and a 200 day moving average of $79.74. Caterpillar has a 52 week low of $56.36 and a 52 week high of $89.87.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.09. The business earned $9.16 billion during the quarter, compared to analyst estimates of $9.91 billion. Caterpillar had a net margin of 2.54% and a return on equity of 12.79%. Caterpillar’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.75 EPS. Equities analysts anticipate that Caterpillar will post $3.31 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, November 19th. Investors of record on Monday, October 24th will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.67%. The ex-dividend date is Thursday, October 20th. Caterpillar’s dividend payout ratio (DPR) is 179.07%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Pittenger & Anderson Inc. boosted its position in shares of Caterpillar by 1.9% in the second quarter. Pittenger & Anderson Inc. now owns 1,325 shares of the company’s stock worth $100,000 after buying an additional 25 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Caterpillar by 5.3% in the third quarter. Quadrant Capital Group LLC now owns 1,282 shares of the company’s stock worth $106,000 after buying an additional 65 shares during the last quarter. Enterprise Financial Services Corp boosted its position in shares of Caterpillar by 7.0% in the third quarter. Enterprise Financial Services Corp now owns 1,204 shares of the company’s stock worth $107,000 after buying an additional 79 shares during the last quarter. Integrated Wealth Management boosted its position in shares of Caterpillar by 34.6% in the third quarter. Integrated Wealth Management now owns 1,246 shares of the company’s stock worth $111,000 after buying an additional 320 shares during the last quarter. Finally, Kelly Lawrence W & Associates Inc. CA boosted its position in shares of Caterpillar by 15.4% in the first quarter. Kelly Lawrence W & Associates Inc. CA now owns 1,500 shares of the company’s stock worth $115,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 69.02% of the company’s stock.

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