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The closing price of Caterpillar Inc. (NYSE: CAT) was $331.36 for the day, down -2.12% from the previous closing price of $338.52. In other words, the price has decreased by -$2.12 from its previous closing price. On the day, 3.88 million shares were traded. CAT stock price reached its highest trading level at $341.4 during the session, while it also had its lowest trading level at $325.75.
Ratios:
Our analysis of CAT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 32.68 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.75. For the most recent quarter (mrq), Quick Ratio is recorded 0.83 and its Current Ratio is at 1.35. In the meantime, Its Debt-to-Equity ratio is 2.15 whereas as Long-Term Debt/Eq ratio is at 1.41.
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, TD Cowen on April 26, 2024, Reiterated its Buy rating but revised its target price to $340 from $338 previously.
On April 26, 2024, Stifel Downgraded its rating to Hold which previously was Buy and also upped its target price recommendation from $293 to $350.
On March 14, 2024, Truist started tracking the stock assigning a Buy rating and target price of $390.Truist initiated its Buy rating on March 14, 2024, with a $390 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 30 ’24 when Johnson Cheryl H sold 1,508 shares for $340.00 per share. The transaction valued at 512,720 led to the insider holds 20,023 shares of the business.
Johnson Gerald bought 100 shares of CAT for $35,640 on May 20 ’24. The Director now owns 2,213 shares after completing the transaction at $356.40 per share. On May 13 ’24, another insider, De Lange Bob, who serves as the Group President of the company, sold 21,847 shares for $356.90 each. As a result, the insider received 7,797,194 and left with 71,115 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 162052587520 and an Enterprise Value of 195621470208. As of this moment, Caterpillar’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.96, and their Forward P/E ratio for the next fiscal year is 14.53. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.16. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.42 while its Price-to-Book (P/B) ratio in mrq is 9.19. Its current Enterprise Value per Revenue stands at 2.92 whereas that against EBITDA is 12.279.
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 $206.04. The 50-Day Moving Average of the stock is -6.83%, while the 200-Day Moving Average is calculated to be 9.87%.
Shares Statistics:
CAT traded an average of 2.47M shares per day over the past three months and 3182450 shares per day over the past ten days. A total of 499.38M shares are outstanding, with a floating share count of 488.13M. Insiders hold about 0.19% of the company’s shares, while institutions hold 72.66% stake in the company. Shares short for CAT as of 1715731200 were 11250779 with a Short Ratio of 4.55, compared to 1713139200 on 12781140. Therefore, it implies a Short% of Shares Outstanding of 11250779 and a Short% of Float of 2.3.
Dividends & Splits
With its trailing 12-month dividend rate of 5.2, CAT has a forward annual dividend rate of 5.20. Against a Trailing Annual Dividend Yield of 0.015360983The stock’s 5-year Average Dividend Yield is 2.28.
