Annualized that works out to $3.28 billion, or 3.52% of its total market value. In Q1 it spent $820 million on share repurchases. In addition, Caterpillar believes very strongly in buybacks. Right now the stock has an attractive dividend yield of 2.8% at Thursdays closing price of $169.94. In fact, Caterpillar has paid annual dividends every year for the past 32 years. That shows that the dividend is sustainable. On top of this, Caterpillar pays a generous dividend of $4.80 per share or just 38.6% of its earnings per share. In 2023, EPS is likely to hit $14.48, effectively lowering the forward P/E multiple to just 11.7x. However, the stock is down about 18% YTD, so this puts it on a cheap forward multiple of just 13.6x for 2022 with earnings forecast at $12.45 per share. In fact, TipRanks reports that 17 analysts have an average price target of $403.50, which is 37% over today’s price.Ĭaterpillar (NYSE: CAT) is a brand-name farm and industrial machine manufacturer that is still forecast to show 16%-plus earnings growth next year, despite fears of a recession. The stock is down over 12.8% YTD.Īll this makes it one of the best agriculture stocks to buy now. Last quarter it spent $603 million, which put it on an annual run rate of $2.412 billion. In addition, Deere & Co has been buying back a large number of its common stock shares. That gives the DE stock a 1.5% dividend yield at Thursday’s closing price of $294.33. That gives investors a lot of comfort that it can survive the present recession. In fact, Deere has raised its dividend in each of the past five years, and it has consistently paid an annual dividend for every year of the past 32 years. Moreover, this allows the company to pay a dividend of $4.52, which it recently raised in Q1 by 7.6%. This puts it on a cheap 2022 multiple of just 12.7x, falling to 11.3x next year. This is based on 15 analysts’ estimates from a survey by Seeking Alpha. Things are looking good for Deere & Co., as analysts project earnings to grow by 12% from $23.17 to $25.95 in 2023. It along with Case and and a few other companies dominates the farm machinery market. (NYSE: DE) is the well-known John Deere brand of agriculture machines and tools. Moreover, it has a 2.8% dividend yield.ĭeere & Co.
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