Caterpillar, Inc. (NYSE:CAT)‘s stock had its “buy” rating reiterated by equities research analysts at BMO Capital Markets in a note issued to investors on Friday. They presently have a $130.00 target price on the industrial products company’s stock. BMO Capital Markets’ target price suggests a potential upside of 10.34% from the company’s current price.

Several other equities analysts also recently issued reports on the stock. Bank of America Corporation raised shares of Caterpillar from a “neutral” rating to a “buy” rating and boosted their price target for the company from $105.00 to $120.00 in a report on Thursday, May 11th. Jefferies Group LLC reissued a “hold” rating and set a $100.00 price target on shares of Caterpillar in a report on Tuesday, August 29th. Royal Bank Of Canada reissued a “hold” rating on shares of Caterpillar in a report on Tuesday, August 29th. Axiom Securities reissued a “sell” rating on shares of Caterpillar in a report on Friday, June 16th. Finally, Vetr downgraded shares of Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 price target for the company. in a report on Monday, September 4th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $110.79.

Shares of Caterpillar (NYSE:CAT) opened at 117.82 on Friday. The firm has a market cap of $69.63 billion, a PE ratio of 658.21 and a beta of 1.24. Caterpillar has a 52 week low of $79.93 and a 52 week high of $119.19. The company’s 50-day moving average is $114.48 and its 200-day moving average is $103.84.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.23. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The company had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $10.96 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. Analysts forecast that Caterpillar will post $5.24 EPS for the current fiscal year.

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In other Caterpillar news, Director William A. Osborn sold 5,000 shares of the business’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $113.67, for a total transaction of $568,350.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Bradley M. Halverson sold 182,612 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $114.05, for a total value of $20,826,898.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 201,471 shares of company stock worth $22,979,332. Corporate insiders own 0.15% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. NGAM Advisors L.P. raised its holdings in Caterpillar by 2.9% during the 2nd quarter. NGAM Advisors L.P. now owns 81,344 shares of the industrial products company’s stock worth $8,742,000 after buying an additional 2,286 shares during the period. Bancorpsouth Inc. increased its holdings in shares of Caterpillar by 1.2% in the 1st quarter. Bancorpsouth Inc. now owns 5,787 shares of the industrial products company’s stock valued at $537,000 after purchasing an additional 69 shares during the period. Bank of Nova Scotia increased its holdings in shares of Caterpillar by 527.0% in the 1st quarter. Bank of Nova Scotia now owns 196,294 shares of the industrial products company’s stock valued at $18,208,000 after purchasing an additional 164,989 shares during the period. State of Tennessee Treasury Department increased its holdings in shares of Caterpillar by 58.4% in the 1st quarter. State of Tennessee Treasury Department now owns 288,338 shares of the industrial products company’s stock valued at $26,746,000 after purchasing an additional 106,270 shares during the period. Finally, Stevens Capital Management LP increased its holdings in shares of Caterpillar by 211.0% in the 1st quarter. Stevens Capital Management LP now owns 153,894 shares of the industrial products company’s stock valued at $14,275,000 after purchasing an additional 104,412 shares during the period. Hedge funds and other institutional investors own 69.23% of the company’s stock.

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Analyst Recommendations for Caterpillar (NYSE:CAT)

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