Caterpillar, Inc. (NYSE:CAT) To Go Ex-Dividend on July 18th

(NYSE:CAT) by 4.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The Company operates through segments, including Construction Industries, Resource Industries, Energy & Transportation, Financial Products segment and All Other operating segments. Neville Rodie & Shaw Inc.'s holdings in Caterpillar were worth $2,232,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Northstar Group Inc. increased its position in shares of Caterpillar by 0.3% in the first quarter. Diversified Trust Co now owns 2,777 shares of the industrial products company's stock worth $258,000 after buying an additional 53 shares in the last quarter.

LS Investment Advisors LLC boosted its position in shares of Caterpillar, Inc. Financial Architects Inc now owns 1,215 shares of the industrial products company's stock worth $113,000 after buying an additional 65 shares in the last quarter. Finally, Ledyard National Bank boosted its position in Caterpillar by 145.7% in the first quarter. First Personal Financial Services boosted its position in Caterpillar by 167.4% in the first quarter. The industrial products company reported $1.28 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.62 by $0.66. Advantage Investment Management LLC bought a new stake in Caterpillar during the fourth quarter valued at approximately $125,000. The fund owned 27,064 shares of the industrial products company's stock after buying an additional 487 shares during the period.

Caterpillar, Inc. (NYSE:CAT) is expected to pay $0.78 on Aug 19, 2017. A total volume of 4.48 million shares were traded versus to average volume of 4.84 million shares.

Caterpillar, Inc. has a 52 week low of $75.78 and a 52 week high of $109.36. Caterpillar, Inc. The stock has a 50 day moving average of $104.38 and a 200-day moving average of $97.66. The firm's market capitalization is $64.08 billion. (NYSE:CAT) traded up 0.1102% during midday trading on Monday, hitting $108.8899.

As of the latest earnings report the EPS was $-0.25 and is expected to be $4.20 for the current year with 589,090,000 shares now outstanding. The business had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.27 billion. Caterpillar had a negative net margin of 0.38% and a positive return on equity of 16.46%. Caterpillar's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.67 earnings per share. Equities analysts forecast that Caterpillar will post $4.20 earnings per share for the current fiscal year. Shareholders of record on Thursday, July 20th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.87%. The ex-dividend date is Tuesday, July 18th. This is an increase from Caterpillar's previous quarterly dividend of $0.77. Caterpillar's dividend payout ratio (DPR) is -1,140.70%.

TRADEMARK VIOLATION NOTICE: This article was first published by Stock Observer and is owned by of Stock Observer. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of United States & global copyright and trademark legislation. The legal version of this report can be read at https://www.themarketsdaily.com/2017/07/16/caterpillar-inc-nysecat-pt-lowered-to-105-00-updated.html. Vetr upgraded Caterpillar from a "sell" rating to a "buy" rating and set a $107.75 target price on the stock in a report on Monday, May 8th.

Several Wall Street investment firms have released ratings on Caterpillar, Inc. recently. Bank of America Corporation set a $120.00 target price on shares of Caterpillar and gave the stock a "buy" rating in a research note on Tuesday, June 20th. BidaskClub raised shares of Caterpillar from a "hold" rating to a "buy" rating in a research report on Saturday, July 1st. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. On October 12 Barclays left the company rating at "Hold" and moved up the price target from $63.00 to $80.00.