3 days Ago By ABMN Staff
Caterpillar Inc. ( NYSE:CAT – Free Report ) – Equities researchers at Zacks Research dropped their FY2024 earnings estimates for Caterpillar in a note issued to investors on Wednesday, November 13th. Zacks Research analyst M.
Das now anticipates that the industrial products company will earn $21.51 per share for the year, down from their previous estimate of $21.63.
The consensus estimate for Caterpillar’s current full-year earnings is $21.68 per share. Zacks Research also issued estimates for Caterpillar’s Q4 2024 earnings at $4.
75 EPS, Q1 2025 earnings at $4.59 EPS, Q3 2025 earnings at $5.28 EPS and Q4 2025 earnings at $5.
60 EPS. Caterpillar ( NYSE:CAT – Get Free Report ) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.
17 earnings per share for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16).
Caterpillar had a return on equity of 59.09% and a net margin of 16.26%.
The firm had revenue of $16.11 billion during the quarter, compared to analysts’ expectations of $16.37 billion.
During the same period last year, the company earned $5.52 earnings per share. The business’s revenue for the quarter was down 4.
2% compared to the same quarter last year. Check Out Our Latest Analysis on Caterpillar Caterpillar Price Performance Shares of CAT stock opened at $384.53 on Monday.
The stock has a 50 day moving average price of $381.86 and a 200 day moving average price of $354.37.
Caterpillar has a 52-week low of $241.81 and a 52-week high of $418.50.
The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.
40. The firm has a market capitalization of $185.65 billion, a P/E ratio of 17.
81, a P/E/G ratio of 1.90 and a beta of 1.10.
Institutional Inflows and Outflows A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC lifted its position in Caterpillar by 17.2% during the 1st quarter.
Acadian Asset Management LLC now owns 9,037 shares of the industrial products company’s stock worth $3,308,000 after acquiring an additional 1,327 shares during the period. Alpha Cubed Investments LLC lifted its holdings in shares of Caterpillar by 5.6% during the third quarter.
Alpha Cubed Investments LLC now owns 116,566 shares of the industrial products company’s stock worth $45,591,000 after purchasing an additional 6,212 shares during the period. First Affirmative Financial Network purchased a new stake in shares of Caterpillar in the 3rd quarter valued at $204,000. Inspire Advisors LLC lifted its holdings in shares of Caterpillar by 25.
8% in the 3rd quarter. Inspire Advisors LLC now owns 8,266 shares of the industrial products company’s stock valued at $3,233,000 after buying an additional 1,694 shares during the period. Finally, Jackson Square Capital LLC lifted its holdings in Caterpillar by 33.
7% in the third quarter. Jackson Square Capital LLC now owns 16,581 shares of the industrial products company’s stock valued at $6,485,000 after acquiring an additional 4,182 shares during the period. Hedge funds and other institutional investors own 70.
98% of the company’s stock. Insider Buying and Selling In other news, insider Cheryl H. Johnson sold 2,975 shares of the company’s stock in a transaction dated Thursday, August 22nd.
The shares were sold at an average price of $342.48, for a total transaction of $1,018,878.00.
Following the transaction, the insider now owns 15,615 shares in the company, valued at $5,347,825.20. This represents a 16.
00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink . Also, insider Anthony D.
Fassino sold 3,185 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $351.36, for a total transaction of $1,119,081.
60. Following the completion of the transaction, the insider now directly owns 33,442 shares of the company’s stock, valued at $11,750,181.12.
The trade was a 8.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders sold a total of 23,749 shares of company stock worth $9,251,912 in the last 90 days. 0.29% of the stock is owned by corporate insiders.
Caterpillar Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st will be issued a $1.41 dividend.
This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.47%.
The ex-dividend date is Monday, October 21st. Caterpillar’s dividend payout ratio is currently 26.15%.
Caterpillar Company Profile ( Get Free Report ) 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. Read More Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.
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