Caterpillar, Inc. (NYSE:CAT) is expected to pay $0.77 on Nov 19, 2016. The indicated annual dividend is $3.08. Shareholders owning the stock before Oct 20, 2016 will be eligible to receive the payout. Based on Caterpillar, Inc.’s current price of $87.22, the dividend is 0.88%. This dividend’s record date is Oct 24, 2016 and the announcement date is Oct 12, 2016. The stock decreased 0.08% or $0.07 during the last trading session, hitting $87.22. Caterpillar Inc. (NYSE:CAT) has risen 17.33% since March 16, 2016 and is uptrending. It has outperformed by 11.78% the S&P500.
Caterpillar Inc. is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company has a market cap of $50.74 billion. The Firm operates through its three product divisions: Resource Industries, Construction Industries, and Energy & Transportation. It has a 46.76 P/E ratio. It also provides financing and related services through its Financial Products segment.
Insitutional Activity: The institutional sentiment decreased to 0.85 in Q2 2016. Its down 0.20, from 1.05 in 2016Q1. The ratio turned negative, as 76 funds sold all Caterpillar Inc. shares owned while 363 reduced positions. 40 funds bought stakes while 331 increased positions. They now own 396.23 million shares or 3.43% less from 410.29 million shares in 2016Q1.
Moreover, River Mercantile Asset Llp has 0.74% invested in Caterpillar Inc. (NYSE:CAT) for 22,750 shares. National Bank Of Hawaii last reported 20,315 shares in the company. Scotia Cap owns 52,037 shares or 0.08% of their US portfolio. Ruane Cunniff Goldfarb last reported 65,432 shares in the company. Welch Grp Ltd Llc, a Alabama-based fund reported 8,485 shares. Evercore Wealth Mgmt Limited Liability Co holds 0.04% of its portfolio in Caterpillar Inc. (NYSE:CAT) for 12,424 shares. The Florida-based St Johns Invest Mngmt Limited Liability Com has invested 0.52% in Caterpillar Inc. (NYSE:CAT). Veritable Ltd Partnership holds 25,593 shares or 0.05% of its portfolio. Aperio Group holds 0.15% of its portfolio in Caterpillar Inc. (NYSE:CAT) for 246,417 shares. Farmers Merchants Investments accumulated 9,765 shares or 0.08% of the stock. Alphamark Advisors Ltd Liability Corporation last reported 0.05% of its portfolio in the stock. Grassi Inv Mgmt accumulated 0.79% or 55,300 shares. Hall Laurie J Trustee reported 1,840 shares or 0.09% of all its holdings. First Fin Corp In, a Indiana-based fund reported 2,591 shares. Blackrock accumulated 1.19M shares or 0.14% of the stock.
Insider Transactions: Since April 26, 2016, the stock had 3 insider buys, and 4 sales for $1.77 million net activity. Another trade for 25,000 shares valued at $1.94M was bought by CALHOUN DAVID L. Halverson Bradley M sold $67,479 worth of stock or 878 shares. The insider Muilenburg Dennis A bought 1,128 shares worth $80,099. Copeland Jananne A. sold $58,563 worth of stock or 706 shares.
Caterpillar Inc. (NYSE:CAT) Ratings Coverage
Out of 22 analysts covering Caterpillar Inc. (NYSE:CAT), 7 rate it a “Buy”, 3 “Sell”, while 12 “Hold”. This means 32% are positive. $104 is the highest target while $28 is the lowest. The $72.68 average target is -16.67% below today’s ($87.22) stock price. Caterpillar Inc. has been the topic of 43 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the stock with “Equal-Weight” rating in Wednesday, October 12 report. Stifel Nicolaus maintained Caterpillar Inc. (NYSE:CAT) rating on Friday, September 25. Stifel Nicolaus has “Buy” rating and $86.0 price target. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, September 25 report. The stock has “Equal Weight” rating given by Barclays Capital on Friday, September 25. The stock of Caterpillar Inc. (NYSE:CAT) earned “Sell” rating by S&P Research on Friday, October 23. Goldman Sachs downgraded the shares of CAT in a report on Monday, January 25 to “Sell” rating. Citigroup maintained it with “Neutral” rating and $82 target price in Wednesday, July 27 report. Robert W. Baird downgraded the shares of CAT in a report on Friday, September 4 to “Neutral” rating. As per Thursday, March 24, the company rating was upgraded by OTR Global. As per Monday, September 28, the company rating was maintained by Deutsche Bank.
More notable recent Caterpillar Inc. (NYSE:CAT) news were published by: Reuters.com which released: “Caterpillar CEO to retire, successor a company veteran” on October 17, 2016, also Chicagotribune.com with their article: “As $100 billion goal crumbles, Peoria’s Caterpillar shakes up its C-Suite” published on October 18, 2016, Seekingalpha.com published: “Is Caterpillar Inc. A Buy?” on October 16, 2016. More interesting news about Caterpillar Inc. (NYSE:CAT) were released by: Fool.com and their article: “Better Buy: Caterpillar Inc. vs. Deere” published on October 11, 2016 as well as Prnewswire.com‘s news article titled: “Caterpillar Inc. to Announce Third-Quarter 2016 Financial Results on October 25” with publication date: October 11, 2016.
CAT Company Profile
Caterpillar Inc. (Caterpillar), incorporated on March 12, 1986, is a maker of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Firm operates through its three product divisions: Resource Industries, Construction Industries, and Energy & Transportation. The Firm also provides financing and related services through its Financial Products segment. The Firm offers its products under the brand names Caterpillar, CAT, design versions of CAT and Caterpillar, Electro-Motive, FG Wilson, MaK, MWM, Perkins, Progress Rail, SEM and Solar Turbines. The Firm operates parts distribution centers at various locations, including Morton, Illinois; Mossville, Illinois; Arvin, California; Denver, Colorado; Miami, Florida; Atlanta, Georgia; St. Paul, Minnesota; Southaven, Mississippi; Clayton, Ohio; Houston, Pennsylvania; York, Pennsylvania; Waco, Texas; Van Alstyne, Texas; Duffield, Virginia; Spokane, Washington; Melbourne, Australia; Stapylton, Australia; Queensland, Australia; Grimbergen, Belgium; Piracicaba, Brazil; Shanghai, China; Dortmund, Germany; Lunen, Germany; San Luis Potosi, Mexico; Singapore, Republic of Singapore; Moscow, Russia; Johannesburg, South Africa, and Dubai, United Arab Emirates.
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