Caterpillar Inc. (NYSE:CAT) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday. They currently have a $107.75 price objective on the industrial products company’s stock. Vetr‘s price target would indicate a potential upside of 3.98% from the company’s previous close.

A number of other research analysts have also recently commented on CAT. Axiom Securities reaffirmed a “sell” rating on shares of Caterpillar in a research report on Monday, May 15th. Jefferies Group LLC reaffirmed a “hold” rating and set a $85.00 price target on shares of Caterpillar in a research report on Friday, January 27th. Longbow Research reaffirmed a “hold” rating on shares of Caterpillar in a research report on Wednesday, January 25th. Credit Suisse Group AG set a $111.00 price target on Caterpillar and gave the company a “buy” rating in a research report on Saturday, February 18th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $101.00 price target on shares of Caterpillar in a research report on Wednesday, April 26th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $94.65.

Analyst Recommendations for Caterpillar (NYSE:CAT)

Caterpillar (NYSE:CAT) traded up 1.31% on Tuesday, reaching $103.63. The company’s stock had a trading volume of 3,327,626 shares. The firm’s market cap is $61.05 billion. The firm has a 50 day moving average of $98.91 and a 200 day moving average of $95.48. Caterpillar has a 12 month low of $70.53 and a 12 month high of $105.98.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, April 25th. The industrial products company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.66. Caterpillar had a positive return on equity of 13.44% and a negative net margin of 0.17%. The firm had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.27 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. Analysts anticipate that Caterpillar will post $4.06 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, May 20th. Stockholders of record on Monday, April 24th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Thursday, April 20th. Caterpillar’s payout ratio is currently -2,369.23%.

TRADEMARK VIOLATION WARNING: This news story was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this news story on another website, it was copied illegally and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/05/23/caterpillar-inc-cat-downgraded-by-vetr-inc.html.

Institutional investors have recently bought and sold shares of the company. Garde Capital Inc. boosted its position in Caterpillar by 3.6% in the third quarter. Garde Capital Inc. now owns 7,237 shares of the industrial products company’s stock worth $473,000 after buying an additional 250 shares during the last quarter. Parsons Capital Management Inc. RI boosted its position in Caterpillar by 0.3% in the third quarter. Parsons Capital Management Inc. RI now owns 41,840 shares of the industrial products company’s stock worth $3,714,000 after buying an additional 125 shares during the last quarter. Rand Wealth LLC boosted its position in Caterpillar by 8.0% in the third quarter. Rand Wealth LLC now owns 80,647 shares of the industrial products company’s stock worth $7,159,000 after buying an additional 6,006 shares during the last quarter. Hyman Charles D boosted its position in Caterpillar by 0.3% in the third quarter. Hyman Charles D now owns 145,893 shares of the industrial products company’s stock worth $12,951,000 after buying an additional 400 shares during the last quarter. Finally, Investment Partners Ltd. OH ADV boosted its position in Caterpillar by 55.0% in the third quarter. Investment Partners Ltd. OH ADV now owns 11,517 shares of the industrial products company’s stock worth $1,022,000 after buying an additional 4,085 shares during the last quarter. Hedge funds and other institutional investors own 70.97% of the company’s stock.

Caterpillar Company Profile

12 Month Chart for NYSE:CAT

To view Vetr’s full report, visit Vetr’s official website.

Receive News & Ratings for Caterpillar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar Inc. and related companies with MarketBeat.com's FREE daily email newsletter.