Caterpillar Inc. [CAT] is 22.54% higher this YTD. Is it still time to buy?

Caterpillar Inc. [NYSE: CAT] gained 1.00% or 1.79 points to close at $180.96 with a heavy trading volume of 5130160 shares. The company report on December 9, 2020 that Caterpillar Inc. Maintains Dividend.

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The board of directors of Caterpillar Inc. (NYSE: CAT) voted to maintain the quarterly cash dividend of one dollar and three cents ($1.03) per share of common stock, payable on February 19, 2021 to shareholders of record at the close of business on January 20, 2021.

Since 2009, the company’s quarterly cash dividend has more than doubled. Caterpillar has paid a cash dividend every year since the company was formed and has paid a quarterly dividend since 1933.

It opened the trading session at $180.07, the shares rose to $181.3028 and dropped to $177.47, the range by which the price of stock traded the whole day. The daily chart for CAT points out that the company has recorded 43.86% gains over the past six months. However, it is still -106.81% lower than its most recent low trading price.

If we look at the average trading volume of 3.24M shares, CAT reached to a volume of 5130160 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Caterpillar Inc. [CAT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CAT shares is $173.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CAT stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wells Fargo have made an estimate for Caterpillar Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 16, 2020. While these analysts kept the previous recommendation, Bernstein raised their target price to Mkt Perform. The new note on the price target was released on September 23, 2020, representing the official price target for Caterpillar Inc. stock. Previously, the target price had yet another raise to $140, while Atlantic Equities analysts kept a Neutral rating on CAT stock.

The Average True Range (ATR) for Caterpillar Inc. is set at 3.67, with the Price to Sales ratio for CAT stock in the period of the last 12 months amounting to 2.23. The Price to Book ratio for the last quarter was 6.56. Price to Free Cash Flow for CAT in the course of the last twelve months was 28.47 with Quick ratio for the last quarter at 1.10.

Trading performance analysis for CAT stock

Caterpillar Inc. [CAT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.93. With this latest performance, CAT shares gained by 4.76% in over the last four-week period, additionally plugging by 43.86% over the last 6 months – not to mention a rise of 24.78% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CAT stock in for the last two-week period is set at 60.80, with the RSI for the last a single of trading hit 61.25, and the three-weeks RSI is set at 60.36 for Caterpillar Inc. [CAT]. The present Moving Average for the last 50 days of trading for this stock 170.17, while it was recorded at 179.88 for the last single week of trading, and 138.09 for the last 200 days.

Caterpillar Inc. [CAT]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Caterpillar Inc. [CAT] shares currently have an operating margin of +15.79 and a Gross Margin at +29.17. Caterpillar Inc.’s Net Margin is presently recorded at +11.33.

Return on Total Capital for CAT is now 16.40, given the latest momentum, and Return on Invested Capital for the company is 15.16. Return on Equity for this stock inclined to 42.57, with Return on Assets sitting at 7.76. When it comes to the capital structure of this company, Caterpillar Inc. [CAT] has a Total Debt to Total Equity ratio set at 262.48. Additionally, CAT Total Debt to Total Capital is recorded at 72.41, with Total Debt to Total Assets ending up at 48.81. Long-Term Debt to Equity for the company is recorded at 183.32, with the Long-Term Debt to Total Capital now at 50.57.

Reflecting on the efficiency of the workforce at the company, Caterpillar Inc. [CAT] managed to generate an average of $59,560 per employee. Receivables Turnover for the company is 3.04 with a Total Asset Turnover recorded at a value of 0.69.Caterpillar Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.50.

Caterpillar Inc. [CAT]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Caterpillar Inc. posted 2.63/share EPS, while the average EPS was predicted by analysts to be reported at 2.37/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 11.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CAT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Caterpillar Inc. go to -2.72%.

An analysis of insider ownership at Caterpillar Inc. [CAT]

There are presently around $67,346 million, or 69.70% of CAT stock, in the hands of institutional investors. The top three institutional holders of CAT stocks are: VANGUARD GROUP INC with ownership of 46,343,821, which is approximately -1.262% of the company’s market cap and around 0.10% of the total institutional ownership; STATE STREET CORP, holding 43,007,942 shares of the stock with an approximate value of $7.78 billion in CAT stocks shares; and BLACKROCK INC., currently with $6.43 billion in CAT stock with ownership of nearly -0.969% of the company’s market capitalization.

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Positions in Caterpillar Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 784 institutional holders increased their position in Caterpillar Inc. [NYSE:CAT] by around 22,277,170 shares. Additionally, 718 investors decreased positions by around 14,329,540 shares, while 247 investors held positions by with 335,550,610 shares. The mentioned changes placed institutional holdings at 372,157,320 shares, according to the latest SEC report filing. CAT stock had 208 new institutional investments in for a total of 3,049,114 shares, while 94 institutional investors sold positions of 1,394,140 shares during the same period.

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