Caterpillar, Inc. (CAT) Stock Rating Upgraded by Vetr Inc.

Caterpillar, Inc. (NYSE:CAT) was upgraded by equities researchers at Vetr from a “sell” rating to a “hold” rating in a report released on Monday. The brokerage currently has a $135.41 target price on the industrial products company’s stock. Vetr‘s price objective would suggest a potential downside of 1.55% from the stock’s previous close.

A number of other equities analysts have also recently commented on CAT. Atlantic Securities raised shares of Caterpillar from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $85.00 to $115.00 in a research report on Thursday, August 3rd. Argus reissued a “buy” rating and issued a $113.10 target price (down previously from $130.00) on shares of Caterpillar in a research report on Wednesday, August 2nd. Jefferies Group LLC reissued a “hold” rating and issued a $120.00 target price (up previously from $100.00) on shares of Caterpillar in a research report on Wednesday, July 26th. ValuEngine cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Wells Fargo & Company set a $150.00 target price on shares of Caterpillar and gave the company a “buy” rating in a research report on Monday, October 16th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $133.92.

Caterpillar (CAT) opened at $137.54 on Monday. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 1.58. Caterpillar has a 52-week low of $90.34 and a 52-week high of $140.44. The company has a market cap of $81,226.29, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of 2.07 and a beta of 1.29.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.68. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The firm had revenue of $11.41 billion during the quarter, compared to analysts’ expectations of $10.69 billion. During the same period in the previous year, the business posted $0.85 earnings per share. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. equities analysts predict that Caterpillar will post 6.4 EPS for the current year.

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In other news, insider Lange Bob De sold 1,572 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $137.58, for a total value of $216,275.76. Following the completion of the transaction, the insider now owns 11,096 shares of the company’s stock, valued at $1,526,587.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel M. Dickinson sold 3,813 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $137.09, for a total value of $522,724.17. Following the completion of the transaction, the director now directly owns 6,554 shares of the company’s stock, valued at approximately $898,487.86. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. S. R. Schill & Associates increased its stake in shares of Caterpillar by 0.3% in the first quarter. S. R. Schill & Associates now owns 2,204 shares of the industrial products company’s stock valued at $204,000 after buying an additional 6 shares during the period. Northstar Group Inc. boosted its holdings in Caterpillar by 0.3% in the second quarter. Northstar Group Inc. now owns 2,385 shares of the industrial products company’s stock valued at $256,000 after acquiring an additional 8 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in Caterpillar by 0.3% in the first quarter. Clearbridge Investments LLC now owns 3,635 shares of the industrial products company’s stock valued at $337,000 after acquiring an additional 10 shares during the last quarter. Toth Financial Advisory Corp boosted its holdings in Caterpillar by 0.3% in the second quarter. Toth Financial Advisory Corp now owns 3,915 shares of the industrial products company’s stock valued at $421,000 after acquiring an additional 10 shares during the last quarter. Finally, Ironwood Investment Counsel LLC boosted its holdings in Caterpillar by 0.3% in the second quarter. Ironwood Investment Counsel LLC now owns 3,425 shares of the industrial products company’s stock valued at $368,000 after acquiring an additional 10 shares during the last quarter. 69.38% of the stock is owned by institutional investors.

Caterpillar Company Profile

Analyst Recommendations for Caterpillar (NYSE:CAT)

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