Caterpillar, Inc. (NYSE:CAT) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b” rating in a research note issued to investors on Tuesday.

A number of other analysts also recently weighed in on the company. Credit Suisse Group set a $123.00 target price on Caterpillar and gave the stock a “buy” rating in a research report on Tuesday. Citigroup Inc. boosted their target price on Caterpillar from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Wednesday. Jefferies Group LLC restated 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. Deutsche Bank AG restated a “hold” rating and issued a $120.00 target price (up previously from $106.00) on shares of Caterpillar in a research report on Wednesday. Finally, Axiom Securities restated a “sell” rating on shares of Caterpillar in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $103.41.

Caterpillar (CAT) traded down 0.89% on Tuesday, hitting $113.52. The stock had a trading volume of 5,741,249 shares. The company has a 50-day moving average price of $106.93 and a 200-day moving average price of $99.56. The stock has a market capitalization of $66.87 billion, a price-to-earnings ratio of 34.61 and a beta of 1.24. Caterpillar has a 1-year low of $78.74 and a 1-year high of $114.54.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.23. The firm had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $10.96 billion. Caterpillar had a positive return on equity of 16.46% and a negative net margin of 0.38%. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the company posted $1.09 EPS. Equities analysts predict that Caterpillar will post $4.58 earnings per share for the current year.

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Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Caterpillar by 3.6% in the first quarter. Vanguard Group Inc. now owns 38,847,552 shares of the industrial products company’s stock valued at $3,603,500,000 after buying an additional 1,342,984 shares during the period. FMR LLC boosted its position in Caterpillar by 11.4% in the first quarter. FMR LLC now owns 17,561,361 shares of the industrial products company’s stock valued at $1,628,992,000 after buying an additional 1,798,312 shares during the period. Morgan Stanley boosted its position in Caterpillar by 15.1% in the first quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock valued at $964,579,000 after buying an additional 1,365,856 shares during the period. Primecap Management Co. CA boosted its position in Caterpillar by 16.9% in the first quarter. Primecap Management Co. CA now owns 7,259,063 shares of the industrial products company’s stock valued at $673,351,000 after buying an additional 1,047,922 shares during the period. Finally, Geode Capital Management LLC boosted its position in Caterpillar by 8.1% in the first quarter. Geode Capital Management LLC now owns 5,575,420 shares of the industrial products company’s stock valued at $516,423,000 after buying an additional 419,191 shares during the period. 70.69% of the stock is currently owned by hedge funds and other institutional investors.

About Caterpillar

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