Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
Caterpillar Inc. (NYSE: CAT) closed the day trading at $338.00 down -7.02% from the previous closing price of $363.52. In other words, the price has decreased by -$7.02 from its previous closing price. On the day, 6.45 million shares were traded. CAT stock price reached its highest trading level at $341.94 during the session, while it also had its lowest trading level at $330.32.
Ratios:
For a better understanding of CAT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 24.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.24. For the most recent quarter (mrq), Quick Ratio is recorded 0.87 and its Current Ratio is at 1.35. In the meantime, Its Debt-to-Equity ratio is 1.97 whereas as Long-Term Debt/Eq ratio is at 1.28.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Truist on March 14, 2024, initiated with a Buy rating and assigned the stock a target price of $390.
On February 20, 2024, Evercore ISI Downgraded its rating to In-line which previously was Outperform and also upped its target price recommendation from $321 to $338.
TD Cowen reiterated its Outperform rating for the stock on February 06, 2024, while the target price for the stock was revised from $300 to $338.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 28 ’24 when Fassino Anthony D. sold 4,575 shares for $329.80 per share. The transaction valued at 1,508,835 led to the insider holds 23,474 shares of the business.
MacLennan David bought 350 shares of CAT for $113,180 on Feb 23 ’24. The Director now owns 5,238 shares after completing the transaction at $323.37 per share. On Feb 22 ’24, another insider, Fassino Anthony D., who serves as the Group President of the company, sold 4,494 shares for $321.96 each. As a result, the insider received 1,446,888 and left with 30,389 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CAT now has a Market Capitalization of 181533704192 and an Enterprise Value of 211988627456. As of this moment, Caterpillar’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.78, and their Forward P/E ratio for the next fiscal year is 15.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.33. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.52 while its Price-to-Book (P/B) ratio in mrq is 8.66. Its current Enterprise Value per Revenue stands at 3.161 whereas that against EBITDA is 13.472.
Stock Price History:
Over the past 52 weeks, CAT has reached a high of $382.01, while it has fallen to a 52-week low of $204.04. The 50-Day Moving Average of the stock is -2.93%, while the 200-Day Moving Average is calculated to be 15.97%.
Shares Statistics:
Over the past 3-months, CAT traded about 2.41M shares per day on average, while over the past 10 days, CAT traded about 2776660 shares per day. A total of 499.38M shares are outstanding, with a floating share count of 498.38M. Insiders hold about 0.20% of the company’s shares, while institutions hold 72.34% stake in the company. Shares short for CAT as of 1713139200 were 12781140 with a Short Ratio of 5.30, compared to 1710460800 on 14443332. Therefore, it implies a Short% of Shares Outstanding of 12781140 and a Short% of Float of 2.56.
Dividends & Splits
CAT’s forward annual dividend rate is 5.20, up from 5.1 a year ago. Against a Trailing Annual Dividend Yield of 0.01402949The stock’s 5-year Average Dividend Yield is 2.32.
