Caterpillar Inc. (NYSE:CAT) – Equities research analysts at Jefferies Group decreased their FY2017 earnings per share estimates for Caterpillar in a research report issued to clients and investors on Thursday. Jefferies Group analyst S. Volkmann now expects that the industrial products company will post earnings of $6.47 per share for the year, down from their prior estimate of $6.50.

Several other brokerages also recently commented on CAT. BMO Capital Markets boosted their price objective on Caterpillar from $150.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, October 26th. Vetr downgraded Caterpillar from a “hold” rating to a “sell” rating and set a $137.72 price objective on the stock. in a research report on Thursday, December 7th. Citigroup boosted their price objective on Caterpillar from $145.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, December 21st. Goldman Sachs Group boosted their price objective on Caterpillar from $143.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, October 9th. Finally, OTR Global downgraded Caterpillar to a “positive” rating in a research report on Monday, December 18th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $156.64.

Caterpillar (NYSE CAT) opened at $170.41 on Monday. The firm has a market capitalization of $101,380.00, a price-to-earnings ratio of 118.34, a P/E/G ratio of 2.08 and a beta of 1.29. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 1.58. Caterpillar has a 52-week low of $90.34 and a 52-week high of $173.24.

Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.68. The company had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. Caterpillar’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 earnings per share.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, January 22nd will be given a $0.78 dividend. The ex-dividend date is Friday, January 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.83%. Caterpillar’s dividend payout ratio is currently 216.67%.

In other Caterpillar news, insider Bradley M. Halverson sold 2,600 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $137.67, for a total transaction of $357,942.00. Following the sale, the insider now directly owns 5,214 shares of the company’s stock, valued at $717,811.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jananne A. Copeland sold 3,247 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $136.95, for a total value of $444,676.65. Following the sale, the insider now directly owns 8,908 shares in the company, valued at $1,219,950.60. The disclosure for this sale can be found here. Insiders sold 52,989 shares of company stock worth $7,235,850 over the last quarter. 0.14% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC increased its stake in Caterpillar by 10.6% during the second quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 128 shares during the last quarter. Motco increased its stake in Caterpillar by 264.9% during the second quarter. Motco now owns 989 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 718 shares during the last quarter. Acrospire Investment Management LLC increased its stake in Caterpillar by 900.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 900 shares during the last quarter. Blue Chip Partners Inc. bought a new stake in Caterpillar during the second quarter worth approximately $136,000. Finally, Hanson McClain Inc. increased its stake in Caterpillar by 81.1% during the second quarter. Hanson McClain Inc. now owns 1,313 shares of the industrial products company’s stock worth $141,000 after acquiring an additional 588 shares during the last quarter. 68.55% of the stock is currently owned by institutional investors.

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About Caterpillar

Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.

Earnings History and Estimates for Caterpillar (NYSE:CAT)

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