Caterpillar Inc. (NYSE:CAT) Announces Changes

[PR Newswire] Caterpillar Inc. (CAT) announced the following officer changes effective January 1, 2015: Julie Lagacy will become the company’s Chief Information Officer and vice president with responsibility for the Global Information Services Division; Mike DeWalt will become vice president with responsibility for the Finance Services Division; and Doug Hoerr has been appointed as vice president with responsibility for the Strategic Services Division.

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Stock Analysis

In terms of market cap, Caterpillar Inc. (NYSE:CAT) is now valued at 64.32 billion. The company last reported earnings per share of 6.18 on October 23rd. The company is expected to report earnings per share next year 6.96% higher than this year.  The five year earnings per share estimate is at 12.98%.

In terms of ownership, company insiders have purchased25.76% of their stock over the past quarter while institutions have decreased their positions by 2.95%.  As a whole, institutions own 68.50% of the total outstanding shares.

Analysts Perspective

Several analysts have recently issued updates on the company. One recent update included Stifel initiated coverage of the stock on November 21st with a Buy rating and $122 price target.  Prior to that, Tigress Financial also weighed in on the stock.  Tigress Financial Upgraded their Neutral stance on the company on July 30th. Analysts as a whole have a target price of $107.29 and a recommendation score of 2.60.

Company Profile

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. The company’s Construction Industries segment offers construction machines and related parts, including backhoe, small wheel, skid steer, multi-terrain, medium wheel, compact track, compact wheel, and track-type loaders; mini excavators and wheel excavators, as well as small, medium, and large track excavators; small track-type and medium track-type tractors; and select work tools, motor graders, and pipelayers for the heavy construction, general construction, mining and quarry, and aggregates markets. Its Resource Industries segment provides electric rope and hydraulic shovels; draglines; drills; highwall and longwall miners; hard rock vehicles; large track-type tractors; articulated, large mining, and off-highway trucks; large wheel loaders; wheel tractor scrapers; wheel dozers; machinery components; and electronics and control systems for mine, quarry, forestry, paving, tunneling, waste, and industrial customers. The company’s Power Systems segment offers reciprocating engine powered generator sets; integrated systems for the electric power generation industry; reciprocating engines, and integrated systems and solutions; turbines and turbine-related services; and diesel-electric locomotives and components, and rail-related products and services. Its Financial Products segment provides retail and wholesale financing alternatives for Caterpillar equipment, machinery, and engines; offers property, casualty, life, accident, and health insurance, as well as insurance brokerage services; and purchases short-term receivables. The company was formerly known as Caterpillar Tractor Co. and changed its name to Caterpillar Inc. in 1986. The company was founded in 1925 and is headquartered in Peoria, Illinois.

 

Caterpillar Inc. (NYSE:CAT) Announces Changes was last modified: December 15th, 2014 by Eric Hanson

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