Caterpillar, Inc. (NYSE:CAT)‘s stock had its “hold” rating restated by Credit Suisse Group in a report released on Friday. They presently have a $133.00 price target on the industrial products company’s stock. Credit Suisse Group’s price target indicates a potential upside of 6.89% from the company’s current price.

CAT has been the topic of several other research reports. BMO Capital Markets restated a “buy” rating and set a $130.00 target price on shares of Caterpillar in a research report on Friday, September 8th. Vetr lowered Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 target price on the stock. in a research report on Monday, September 11th. Jefferies Group LLC restated a “hold” rating and set a $100.00 target price on shares of Caterpillar in a research report on Tuesday, August 29th. Deutsche Bank AG lowered Caterpillar from a “buy” rating to a “hold” rating and cut their target price for the company from $121.00 to $106.00 in a research report on Friday, June 23rd. Finally, Bank of America Corporation set a $120.00 target price on Caterpillar and gave the company a “buy” rating in a research report on Tuesday, June 20th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Caterpillar currently has an average rating of “Hold” and an average price target of $114.03.

Caterpillar (NYSE CAT) traded down 0.29% during midday trading on Friday, hitting $124.43. The stock had a trading volume of 2,615,659 shares. Caterpillar has a 52 week low of $80.33 and a 52 week high of $125.42. The company’s 50 day moving average price is $116.33 and its 200-day moving average price is $105.20. The stock has a market capitalization of $73.53 billion, a price-to-earnings ratio of 695.14 and a beta of 1.24.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.23. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The firm had revenue of $11.33 billion for the quarter, compared to analyst estimates of $10.96 billion. During the same quarter in the previous year, the company posted $1.09 EPS. The business’s revenue was up 9.6% on a year-over-year basis. Equities analysts anticipate that Caterpillar will post $5.25 earnings per share for the current fiscal year.

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In other news, insider Bradley M. Halverson sold 182,612 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $114.05, for a total value of $20,826,898.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Suzette M. Long sold 13,859 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $114.30, for a total value of $1,584,083.70. Following the completion of the transaction, the insider now directly owns 18,188 shares of the company’s stock, valued at $2,078,888.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 201,471 shares of company stock valued at $22,979,332. 0.15% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Caterpillar by 6.1% during the second quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock valued at $4,430,058,000 after purchasing an additional 2,377,623 shares during the period. FMR LLC grew its holdings in Caterpillar by 11.7% during the second quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock valued at $2,107,684,000 after purchasing an additional 2,052,300 shares during the period. Morgan Stanley grew its holdings in Caterpillar by 15.1% during the first quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock valued at $964,579,000 after purchasing an additional 1,365,856 shares during the period. Primecap Management Co. CA grew its holdings in Caterpillar by 16.9% during 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 purchasing an additional 1,047,922 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Caterpillar by 8.1% during 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 purchasing an additional 419,191 shares during the period. 69.24% of the stock is owned by institutional investors.

Caterpillar Company Profile

Analyst Recommendations for Caterpillar (NYSE:CAT)

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