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CAT

Caterpillar

$87.63

0.16 (0.18%)

10:21
10/12/16
10/12
10:21
10/12/16
10:21

Caterpillar maintains quarterly dividend at 77c

Caterpillar said its board today voted to maintain the quarterly cash dividend of 77c per share of common stock, payable November 19, to stockholders of record at the close of business on October 24. "I am proud that we are once again maintaining Caterpillar's dividend, which extends our track record of paying higher annual dividends to shareholders for 23 consecutive years," said Caterpillar Chairman and CEO Doug Oberhelman. "Our balance sheet remains strong, we've taken action to improve our cost structure, and we're continuing to invest in our products to help improve growth and our competitive position over the long term. We are executing on these elements of our strategy while rewarding our shareholders, even in down cycles, because it's a priority."

  • 25

    Oct

CAT Caterpillar
$87.63

0.16 (0.18%)

09/19/16
OTRG
09/19/16
DOWNGRADE
OTRG
Mixed
Caterpillar downgraded to Mixed from Positive at OTR Global
OTR Global downgraded Caterpillar to Mixed saying Q3 global new heavy equipment orders are down 8-11% year-over-year on weakness in North American. The firm said EMEA North American used equipment availability is looser and dealers expect further used pricing pressures as large volumes of leased machines are returned to Caterpillar Financial.
09/19/16
09/19/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. PayPal (PYPL) downgraded to Hold from Buy at Canaccord with analyst Michael Graham saying he expects TPV growth to remain solid driven by Venmo and One Touch, but said these factors are well understood and reflected in estimates. 2. Viacom (VIA, VIAB) downgraded to Hold from Buy at Stifel with analyst Benjamin Mogil saying the stock's valuation is no longer attractive in the wake of the news that the company had decided to table its plans to sell a minority stake in Paramount. 3. Caterpillar (CAT) downgraded to Mixed from Positive at OTR Global with the firm saying third quarter global new heavy equipment orders are down 8%-11% year-over-year on weakness in North American. 4. Western Union (WU) downgraded to Negative from Neutral at Susquehanna with analyst James Friedman saying he is concerned about downside risks given the company's high multiple, increased regulatory scrutiny, and the lack of improvement in its Middle East business. 5. Campbell Soup (CPB) downgraded to Hold from Buy at Argus. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/11/16
GSCO
10/11/16
UPGRADE
Target $112
GSCO
Buy
Caterpillar upgraded to Buy from Neutral at Goldman
Goldman analyst Jerry Revich upgraded Caterpillar to Buy and raised its price target to $112 from $76 based on expectations for structurally higher margins in this cycle. The analyst believes stabilization in capex budgets suggest eventual normalization in mining equipment share of capex budgets. Following, the completion of the tier 4 product cycle, Revich said Caterpillar's R&D/sales is at 30+ year highs at 5.2% of sales, driving his view of flat to down R&D spending in a recovery, which is a 5% tailwind to incremental margins. The analyst sees $8 in mid-cycle earnings, well ahead of investor expectations, and said mutual funds are broadly underweight Caterpillar shares.
10/11/16
10/11/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Twitter (TWTR) upgraded to Hold from Sell at Evercore ISI with analyst Ken Sena citing the recent pullback in the shares. 2. Tyson Foods (TSN) upgraded to Outperform from Market Perform at BMO Capital with analyst Kenneth Zaslow saying he thinks that the company's "strong underlying fundamentals" should enable its fiscal 2017 profits to beat expectations, and he says that the shares are undervalued. 3. Virgin America (VA) upgraded to Neutral from Underweight at JPMorgan with analyst Jamie Baker saying regulatory approval of the pending Alaska Air (ALK) takeover "remains more likely than not." 4. Cummins (CMI) was upgraded to Conviction Buy from Neutral and Caterpillar (CAT) was upgraded to Buy from Neutral at Goldman. 5. Carbonite (CARB) upgraded to Outperform from Perform at Oppenheimer with analyst Brian Schwartz saying he sees "substantial upside" from current levels due to valuation and fundamentals. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

XCRA

Xcerra

$8.30

0.13 (1.59%)

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SIX

Six Flags

$61.65

-0.14 (-0.23%)

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  • 22

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INOV

Inovalon

$11.30

-0.45 (-3.83%)

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  • 22

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SRPT

Sarepta

$28.28

0.31 (1.11%)

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  • 23

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    Feb

SEAS

SeaWorld

$19.21

-0.03 (-0.16%)

07:00
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Breaking Earnings news story on SeaWorld »

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  • 28

    Feb

TVPT

Travelport

$14.14

-0.06 (-0.42%)

06:58
02/21/17
02/21
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06:58
Earnings
Travelport reports Q4 adjusted EPS 23c, consensus 20c »

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  • 21

    Feb

  • 01

    Mar

MDT

Medtronic

$78.88

0.89 (1.14%)

06:58
02/21/17
02/21
06:58
02/21/17
06:58
Earnings
Medtronic reports Q3 EPS $1.12, consensus $1.11 »

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  • 21

    Feb

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    Mar

REXR

Rexford Industrial

$22.92

0.24 (1.06%)

06:57
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Rexford Industrial acquires industrial property in Los Angeles for $17.1M »

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LOXO

Loxo Oncology

$41.74

0.36 (0.87%)

06:56
02/21/17
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Loxo Oncology completes enrollment for larotrectinib NDA »

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GE

General Electric

$30.37

-0.08 (-0.26%)

06:56
02/21/17
02/21
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06:56
Periodicals
GE succession plan near top of investors' minds, WSJ says »

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  • 22

    Feb

  • 26

    Apr

JELD

JELD-WEN Holding

$29.48

0.48 (1.66%)

06:56
02/21/17
02/21
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Initiation
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TRVN

Trevena

$7.13

0.1 (1.42%)

06:55
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Breaking Hot Stocks news story on Trevena »

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  • 23

    Feb

  • 21

    Mar

TIF

Tiffany

$86.18

3.17 (3.82%)

06:54
02/21/17
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Tiffany, JANA Partners announce agreement to appoint 3 new independent directors »

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ENBL

Enable Midstream

$16.73

0.11 (0.66%)

06:54
02/21/17
02/21
06:54
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06:54
Hot Stocks
Breaking Hot Stocks news story on Enable Midstream »

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  • 21

    Feb

ENBL

Enable Midstream

$16.73

0.11 (0.66%)

06:53
02/21/17
02/21
06:53
02/21/17
06:53
Earnings
Enable Midstream reports Q4 EPS 14c, consensus 18c »

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  • 21

    Feb

WLK

Westlake Chemical

$61.66

-0.99 (-1.58%)

06:51
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02/21
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06:51
Earnings
Westlake Chemical reports Q4 EPS 76c with items, consensus 80c »

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  • 21

    Feb

JNCE

Jounce Therapeutics

$19.90

0.24 (1.22%)

06:51
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Initiation
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JELD

JELD-WEN Holding

$29.48

0.48 (1.66%)

06:50
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06:50
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Initiation
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EDR

EdR

$40.69

-0.06 (-0.15%)

06:48
02/21/17
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06:48
Earnings
EdR reaffirms FY17 EPS view 66c-76c, consensus 63c »

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  • 21

    Feb

HURN

Huron

$42.60

-4 (-8.58%)

06:48
02/21/17
02/21
06:48
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06:48
Downgrade
Huron rating change  »

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  • 23

    Feb

  • 28

    Feb

EDR

EdR

$40.69

-0.06 (-0.15%)

06:47
02/21/17
02/21
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02/21/17
06:47
Earnings
EdR reports Q4 EPS 19c, consensus 23c »

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  • 21

    Feb

MCO

Moody's

$112.90

2.68 (2.43%)

06:45
02/21/17
02/21
06:45
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06:45
Downgrade
Moody's rating change  »

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  • 23

    Feb

  • 02

    Mar

  • 05

    Mar

RIC

Richmont Mines

$9.30

-0.2 (-2.11%)

06:45
02/21/17
02/21
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06:45
Earnings
Richmont Mines reports Q4 EPS 1c, consensus 4c »

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  • 21

    Feb

LMOS

Lumos Networks

$15.23

0.09 (0.59%)

, ZAYO

Zayo Group

$30.83

-0.16 (-0.52%)

06:41
02/21/17
02/21
06:41
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06:41
Downgrade
Lumos Networks, Zayo Group, GTT Communications rating change  »

Lumos Networks downgraded…

LMOS

Lumos Networks

$15.23

0.09 (0.59%)

ZAYO

Zayo Group

$30.83

-0.16 (-0.52%)

GTT

GTT Communications

$29.00

-0.05 (-0.17%)

03/08/13
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AER

AerCap

$46.65

-0.14 (-0.30%)

06:41
02/21/17
02/21
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Hot Stocks
AerCap approves $350M share repurchase program »

Company authorized a new…

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