Wall Street gains on 3M, Caterpillar earnings; Dow jumps

Earnings-related rallies in 3M and Caterpillar helped the industrial sector make strides Tuesday

The firm now has a "neutral" rating on the industrial products company's stock. Hedge funds and other institutional investors own 69.27% of the company's stock.

Relative strength index (RSI-14) for Caterpillar Inc.

In related news, Director William A. Osborn sold 5,000 shares of the firm's stock in a transaction on Friday, July 28th.

Caterpillar Inc. (NYSE:CAT) received a Buy rating from 3 analysts.

Stock in 3M, Caterpillar, GM and McDonald's were all putting on heavy gains after pleasing shareholders with their latest set of financials, with United Technologies one of the few exceptions, with its shares trading lower despite beating forecasts on the Street for its earnings per share.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. Commonwealth Equity Svcs Inc holds 0.2% in Caterpillar Inc. (NYSE:CAT) traded up 0.32% during midday trading on Thursday, reaching $94.12.

The TTM operating margin for the company stands at 2.2%. The company has a market cap of $55.07 billion, a PE ratio of 91.56 and a beta of 1.37. The stock's 50-day moving average price is $125.16 and its 200-day moving average price is $111.17.

Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, October 25th.

Maximum and minimum EPS estimate for the current quarter is projected at $1.49 and $1.12, respectively, according to 17 analysts. The business had revenue of $11.33 billion for the quarter, compared to the consensus estimate of $10.96 billion. Last year, their EPS growth was -102.70% and their EPS growth over the past five years was -15.00%. This is up 25% from its revenue of $9.16 billion that was reported in the third quarter of 2016.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. The ex-dividend date is Wednesday, January 18th. This dividend amount will represent a yield of $2.38. Caterpillar's dividend payout ratio is now 179.07%.

COPYRIGHT VIOLATION WARNING: "Caterpillar, Inc". If you are viewing this article on another site, it was copied illegally and reposted in violation of United States & worldwide trademark and copyright law. Reilly Financial Advisors LLC grew its stake in Caterpillar by 92.9% during the second quarter. The firm earned "Sell" rating on Friday, October 23 by S&P Research. July 26 investment analysts at Citigroup kept the company rating at "Neutral" and moved up the price target from $82.00 to $125.00. Deutsche Bank AG reiterated a "hold" rating and issued a $121.00 price target (up previously from $120.00) on shares of Caterpillar in a research note on Monday, October 9th. (The) upped their price target on shares of Caterpillar from $143.00 to $158.00 and gave the company a "buy" rating in a research note on Monday, October 9th.

"We've got pretty good economic growth all over the world", David Solomon, president of Goldman Sachs Group Inc., told Bloomberg Television on Tuesday.

October 18 investment analysts at Credit Suisse left the stock rating at "Outperform" but raised the price expectation to $146.00 from $87.00. Caterpillar has an average rating of "Hold" and a consensus price target of $119.82.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend.

EPS measures what each share is worth and also indicates how much money their sharehoders would gain if the company was to pay out all of its profits.

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