Q4 Earnings Estimate for Caterpillar Issued By DA Davidson

Caterpillar Inc. (NYSE:CAT) – Investment analysts at DA Davidson issued their Q4 2024 earnings per share estimates for shares of Caterpillar in a research report issued to clients and investors on Monday, November 4th. DA Davidson analyst M. Shlisky anticipates that the industrial products company will post earnings per share of $5.18 for the quarter. The consensus estimate for Caterpillar’s current full-year earnings is $21.82 per share.

A number of other equities research analysts have also recently issued reports on CAT. Bank of America upped their price objective on Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. JPMorgan Chase & Co. lifted their price target on Caterpillar from $435.00 to $500.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Morgan Stanley downgraded Caterpillar from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $349.00 to $332.00 in a report on Monday, October 14th. UBS Group increased their price target on shares of Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a report on Monday. Finally, StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $358.19.

Caterpillar Stock Up 1.8 %

Caterpillar stock opened at $383.37 on Tuesday. The company has a fifty day simple moving average of $373.55 and a 200 day simple moving average of $351.65. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. Caterpillar has a 1-year low of $233.57 and a 1-year high of $403.60. The company has a market cap of $185.90 billion, a P/E ratio of 17.77, a price-to-earnings-growth ratio of 1.86 and a beta of 1.10.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The company had revenue of $16.11 billion for the quarter, compared to the consensus estimate of $16.37 billion. During the same period in the prior year, the company earned $5.52 EPS. The firm’s revenue was down 4.2% on a year-over-year basis.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, October 21st will be given a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Monday, October 21st. Caterpillar’s payout ratio is currently 26.15%.

Insider Buying and Selling at Caterpillar

In related news, CAO William E. Schaupp sold 968 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $380.98, for a total transaction of $368,788.64. Following the transaction, the chief accounting officer now directly owns 1,686 shares of the company’s stock, valued at $642,332.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Gerald Johnson purchased 100 shares of Caterpillar stock in a transaction that occurred on Wednesday, September 4th. The stock was bought at an average price of $338.59 per share, for a total transaction of $33,859.00. Following the completion of the transaction, the director now owns 2,842 shares in the company, valued at $962,272.78. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO William E. Schaupp sold 968 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $380.98, for a total transaction of $368,788.64. Following the completion of the transaction, the chief accounting officer now owns 1,686 shares in the company, valued at approximately $642,332.28. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,792 shares of company stock worth $3,515,978. Corporate insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Caterpillar

A number of hedge funds have recently modified their holdings of the stock. Bbjs Financial Advisors LLC bought a new stake in Caterpillar in the 2nd quarter valued at about $28,000. Financial Connections Group Inc. bought a new position in Caterpillar in the 2nd quarter worth approximately $28,000. Fairscale Capital LLC bought a new stake in Caterpillar during the 2nd quarter valued at $36,000. Capital Performance Advisors LLP bought a new position in shares of Caterpillar in the third quarter worth $36,000. Finally, POM Investment Strategies LLC grew its position in shares of Caterpillar by 2,160.0% in the second quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 108 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.