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Will Current Price Volatility Hamper Caterpillar Inc. (CAT) Future Potential?

Caterpillar Inc. (NYSE:CAT) has a beta value of 1.10 and has seen 3.5 million shares traded in the last trading session. The company, currently valued at $131.94B, closed the last trade at $257.61 per share which meant it gained $4.91 on the day or 1.94% during that session. The CAT stock price is -1.12% off its 52-week high price of $260.50 and 37.66% above the 52-week low of $160.60. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.37 million shares traded. The 3-month trading volume is 3.24 million shares.

The consensus among analysts is that Caterpillar Inc. (CAT) is an Overweight stock at the moment, with a recommendation rating of 2.60. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 13 out of 27 have rated it as a Hold, with 11 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $3.42.

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Caterpillar Inc. (NYSE:CAT) trade information

Sporting 1.94% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 01/24/23 when the CAT stock price touched $257.61 or saw a rise of 0.56%. Year-to-date, Caterpillar Inc. shares have moved 7.53%, while the 5-day performance has seen it change 0.53%. Over the past 30 days, the shares of Caterpillar Inc. (NYSE:CAT) have changed 6.57%. Short interest in the company has seen 5.54 million shares shorted with days to cover at 1.79.

Caterpillar Inc. (CAT) estimates and forecasts

Figures show that Caterpillar Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 41.69% over the past 6 months, with this year growth rate of 28.12%, compared to 17.10% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 40.70% and 24.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be 23.40%.

8 analysts offering their estimates for the company have set an average revenue estimate of $15.29 billion for the current quarter. 4 have an estimated revenue figure of $14.69 billion for the next quarter concluding in Mar 2023. Year-ago sales stood $12.49 billion and $13 billion respectively for this quarter and the next, and analysts expect sales will grow by 22.50% for the current quarter and 13.00% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 153.50% over the past 5 years. Earnings growth for 2023 is a modest 121.20% while over the next 5 years, the company’s earnings are expected to increase by 15.35%.

CAT Dividends

Caterpillar Inc. is expected to release its next earnings report between January 26 and January 30 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 4.80 at a share yield of 1.86%. The company’s dividend yield has gone up over the past 12 months.

Caterpillar Inc. (NYSE:CAT)’s Major holders

Insiders own 0.23% of the company shares, while shares held by institutions stand at 71.06% with a share float percentage of 71.22%. Investors are also buoyed by the number of investors in a company, with Caterpillar Inc. having a total of 2,591 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 48.58 million shares worth more than $8.68 billion. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 9.20% of shares outstanding.

The other major institutional holder is State Street Corporation, with the holding of over 39.78 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $7.11 billion and represent 7.54% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Jun 29, 2022, the former fund manager holds about 2.98% shares in the company for having 15.71 million shares of worth $2.81 billion while later fund manager owns 11.81 million shares of worth $2.11 billion as of Jun 29, 2022, which makes it owner of about 2.24% of company’s outstanding stock.

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