Caterpillar Inc. (NYSE:CAT)‘s stock had its “buy” rating reaffirmed by stock analysts at Credit Suisse Group AG in a research note issued on Thursday.

Other equities research analysts have also issued research reports about the stock. Vetr lowered shares of Caterpillar from a “strong-buy” rating to a “buy” rating and set a $80.77 price objective on the stock. in a research note on Tuesday, May 31st. TheStreet upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research note on Friday, July 29th. Deutsche Bank AG assumed coverage on shares of Caterpillar in a research note on Tuesday, September 6th. They issued a “buy” rating and a $72.56 target price on the stock. Morgan Stanley reiterated a “hold” rating and issued a $67.00 target price on shares of Caterpillar in a research note on Thursday, July 28th. Finally, Jefferies Group upped their target price on shares of Caterpillar from $69.00 to $72.00 and gave the stock a “hold” rating in a research note on Thursday, July 28th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $72.24.

Caterpillar (NYSE:CAT) traded up 0.1367% on Thursday, reaching $83.5841. 2,172,313 shares of the company were exchanged. Caterpillar has a 12-month low of $56.36 and a 12-month high of $84.73. The firm has a 50-day moving average of $82.66 and a 200 day moving average of $77.52. The firm has a market capitalization of $48.83 billion, a P/E ratio of 55.7227 and a beta of 1.64.

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Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.96 by $0.13. Caterpillar had a net margin of 2.64% and a return on equity of 12.37%. The business had revenue of $10.34 billion for the quarter, compared to analyst estimates of $10.06 billion. During the same quarter in the previous year, the firm posted $1.27 earnings per share. Caterpillar’s quarterly revenue was down 16.0% on a year-over-year basis. On average, equities analysts predict that Caterpillar will post $3.50 earnings per share for the current year.

In other news, Director Dennis A. Muilenburg bought 1,930 shares of the stock in a transaction dated Friday, July 29th. The stock was purchased at an average price of $82.75 per share, for a total transaction of $159,707.50. Following the acquisition, the director now owns 9,558 shares of the company’s stock, valued at $790,924.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Bradley M. Halverson sold 2,841 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $82.73, for a total transaction of $235,035.93. Following the completion of the sale, the insider now owns 20,232 shares of the company’s stock, valued at approximately $1,673,793.36. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. FMR LLC raised its stake in Caterpillar by 306.4% in the second quarter. FMR LLC now owns 8,698,110 shares of the company’s stock valued at $659,404,000 after buying an additional 6,557,618 shares during the period. BlackRock Fund Advisors raised its stake in Caterpillar by 51.2% in the first quarter. BlackRock Fund Advisors now owns 9,829,850 shares of the company’s stock valued at $752,377,000 after buying an additional 3,327,684 shares during the period. Emerald Acquisition Ltd. purchased a new stake in Caterpillar during the second quarter valued at about $77,081,000. State of New Jersey Common Pension Fund D raised its stake in Caterpillar by 640.7% in the second quarter. State of New Jersey Common Pension Fund D now owns 1,000,000 shares of the company’s stock valued at $75,810,000 after buying an additional 865,000 shares during the period. Finally, Vanguard Group Inc. raised its stake in Caterpillar by 2.4% in the second quarter. Vanguard Group Inc. now owns 35,404,617 shares of the company’s stock valued at $2,684,024,000 after buying an additional 832,572 shares during the period. Hedge funds and other institutional investors own 69.03% of the company’s stock.

About Caterpillar

Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through its three product segments: Resource Industries, Construction Industries, and Energy & Transportation. It also provides financing and related services through its Financial Products segment.

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