Published: Wed, October 25, 2017
Economy | By Melissa Porter

The Value of Caterpillar Inc. (NYSE:CAT) Overpriced by -1.5%?

Sheaff Brock Investment Advisors LLC's holdings in Caterpillar were worth $1,848,000 as of its most recent SEC filing.

Let's start off by taking a look at how the stock has been performing recently.

Cardinal Capital Management Llc, which manages about $1.96 billion and $2.53 billion US Long portfolio, upped its stake in J2 Global Inc (NASDAQ:JCOM) by 6,317 shares to 597,317 shares, valued at $50.83M in 2017Q2, according to the filing. For the quarter, shares have been noted at 14.96%. Morgan Stanley boosted its position in Caterpillar by 15.1% during the 1st quarter. The firm now has a "neutral" rating on the industrial products company's stock. Primecap Management Co. CA boosted its position in Caterpillar by 16.9% during the 1st quarter. The firm owned 20,818 shares of the company's stock after selling 71 shares during the period. Goldman Sachs upgraded the shares of CAT in report on Wednesday, April 5 to "Conviction Buy" rating. Insiders own 0.14% of the company's stock. Over the last six months, Caterpillar Inc.'s stock has been 26.11% and 52.53% for the year. Bank of America maintained the shares of CAT in report on Friday, May 26 with "Buy" rating. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of United States & worldwide copyright law. On August 3 the company was upgraded from "Underweight" to "Neutral" in a report issued by Atlantic Equities. They issued a "buy" rating and a $72.56 target price on the stock. At the moment, the average analyst rating for CAT is Hold. The current consensus recommendation provided by covering analysts is 2.50. The stock has climbed 53 percent in the last 12 months. The stock was sold at an average price of $93.52, for a total value of $88,844.00.

In related news, Director Daniel M. Dickinson sold 950 shares of the firm's stock in a transaction on Thursday, November 10th. The disclosure for this sale can be found here. The stock increased 0.24% or $0.32 during the last trading session, reaching $131.68. The Firm is focused on the recovery of lower-risk, higher-margin ounces primarily from its metallurgical plant located approximately 50 kilometers east of Johannesburg in Brakpan. The stock has a market cap of $77.82 billion, a P/E ratio of 735.64 and a beta of 1.25.

Caterpillar (CAT) kept up its momentum in the third quarter, reporting much better-than-expected earnings and revenue early Tuesday.

The Deerfield, Illinois-based company projected 2017 sales of $44 billion, marking a third-straight increase in annual revenue projections. (NYSE:CAT). Natixis Asset Mgmt stated it has 0.11% in Caterpillar Inc. During the same period a year ago, the firm earned $0.75 EPS. The company now expects earnings per share of $6.25 for the year, which is up from its previous guidance of $5.00. Investors of record on Friday, January 20th will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Friday, October 20th. Caterpillar's dividend payout ratio is now 179.07%.

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