In today’s recent session, 1,324,198 shares of the Caterpillar Inc. (NYSE:CAT) have been traded, and its beta is 0.94. Most recently the company’s share price was $229.81, and it changed around -$0.83 or 0% from the last close, which brings the market valuation of the company to $125.35 Billion. CAT at last check was trading at a discount to its 52-week high of $237.78, offering almost -3.47% off that amount. The share price’s 52-week low was $100.22, which indicates that the recent value has risen by an impressive 56.39% since then. We note from Caterpillar Inc.’s average daily trading volume that its 10-day average is 3.61 Million shares, with the 3-month average coming to 3.44 Million.
Caterpillar Inc. stock received a consensus recommendation rating of Overweight, based on a mean score of 2.6. If we narrow it down even further, the data shows that 2 out of 24 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 11 recommended CAT as a Hold, whereas 9 deemed it a Buy, and 1 rated it as Underweight. Caterpillar Inc. is expected to report earnings per share of $1.89 for the current quarter.
Caterpillar Inc. (NYSE:CAT): Trading Information Today
Although CAT has been showing red trend so far today with a performance of -0.36% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $237.0 on Wednesday, Mar 31 increased the stock’s daily price by 2.83%. The company’s shares are currently up 0.27% year-to-date, but still down -0.0119 over the last five days. On the other hand, Caterpillar Inc. (NYSE:CAT) is 0.05% up in the 30-day period. We can see from the shorts that 6.58 Million shares have been sold at a short interest cover period of 1.91 day (s).
The consensus price target as assigned by Wall Street analysts is $220.5, which translates to bears needing to reduce their stock price by -4.05% from its current value. Analyst projections state that CAT is forecast to be at a low of $125 and a high of $293. In order for the stock price to hit the forecast high, the stock would need to surge +27.5% from its current level, while the stock would need to crash -45.61% from its current level to reach the projected low.
Caterpillar Inc. (CAT) projections and forecasts
Caterpillar Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +53.82 percent over the past six months and at a 23.32% annual growth rate that is well above the industry average of -4.7%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +18.1% in revenue this quarter, and will report an increase of 95.1% in the next quarter. The year-over-year growth rate is expected to be 11%, up from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of $11Billion in revenue for the current quarter. 10 analysts expect Caterpillar Inc. to make $11.6 Billion in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $10.63 Billion and $10Billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 3.5%. Forecasts for the next quarter put sales growth at 16%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 4.9%. Caterpillar Inc. earnings are expected to decrease by -49% in 2021, but the outlook is negative -1.11% per year for the next five years.
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CAT Dividend Yield
Caterpillar Inc.’s next quarterly earnings report is expected to be released around April 26 – April 30, 2021. The annual dividend yield of the stock is 1.79 percent and its annual dividend per share was $4.12. It is important to note, however, that the 1.79% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.78% per year.
Caterpillar Inc. (NYSE:CAT)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0.19% of Caterpillar Inc. shares, and 70.13% of them are in the hands of institutional investors. The stock currently has a share float of 70.27%. Caterpillar Inc. stock is held by 2311 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Dec 30, 2020, it held 8.47% of the shares, which is about 46.2 Million shares worth $8.41 Billion.
State Street Corporation, with 7.56% or 41.24 Million shares worth $7.51 Billion as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 15310414 shares worth $2.79 Billion, making up 2.81% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 10.89 Million shares worth around $1.98 Billion, which represents about 2% of the total shares outstanding.