Caterpillar, Inc. (NYSE:CAT) was upgraded by investment analysts at Vetr from a “sell” rating to a “hold” rating in a research note issued on Tuesday. The brokerage presently has a $124.44 price objective on the industrial products company’s stock. Vetr‘s target price would indicate a potential downside of 2.93% from the stock’s current price.

CAT has been the topic of a number of other research reports. BMO Capital Markets reiterated a “buy” rating and set a $130.00 target price on shares of Caterpillar in a report on Friday, September 8th. Jefferies Group LLC reiterated a “hold” rating and set a $100.00 target price on shares of Caterpillar in a report on Tuesday, August 29th. Credit Suisse Group reiterated a “hold” rating and set a $133.00 target price on shares of Caterpillar in a report on Friday, September 22nd. Deutsche Bank AG downgraded Caterpillar from a “buy” rating to a “hold” rating and reduced their target price for the stock from $121.00 to $106.00 in a report on Friday, June 23rd. Finally, Goldman Sachs Group, Inc. (The) upped their target price on Caterpillar from $143.00 to $158.00 and gave the stock a “buy” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $115.98.

Shares of Caterpillar (NYSE CAT) traded up 1.03% during midday trading on Tuesday, reaching $128.19. The stock has a market capitalization of $75.76 billion, a price-to-earnings ratio of 716.15 and a beta of 1.25. Caterpillar has a 1-year low of $80.33 and a 1-year high of $128.29. The stock has a 50 day moving average price of $121.39 and a 200-day moving average price of $108.72.

Caterpillar (NYSE:CAT) last posted its earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, topping 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 the consensus estimate of $10.96 billion. During the same quarter in the prior year, the business earned $1.09 EPS. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities analysts expect that Caterpillar will post $5.25 earnings per share for the current year.

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In related news, insider Suzette M. Long sold 13,859 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $114.30, for a total value of $1,584,083.70. Following the sale, the insider now owns 18,188 shares in the company, valued at approximately $2,078,888.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William A. Osborn sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $113.67, for a total value of $568,350.00. The disclosure for this sale can be found here. Insiders sold a total of 201,471 shares of company stock worth $22,979,332 in the last 90 days. 0.14% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Assetmark bought a new position in Caterpillar in the 3rd quarter valued at approximately $0. Patten Group Inc. lifted its position in Caterpillar by 0.4% in the 3rd quarter. Patten Group Inc. now owns 1,148 shares of the industrial products company’s stock valued at $100,000 after acquiring an additional 5 shares in the last quarter. S. R. Schill & Associates lifted its position in Caterpillar by 0.3% in the 1st quarter. S. R. Schill & Associates now owns 2,204 shares of the industrial products company’s stock valued at $204,000 after acquiring an additional 6 shares in the last quarter. Northstar Group Inc. lifted its position in Caterpillar by 0.3% in the 1st quarter. Northstar Group Inc. now owns 2,377 shares of the industrial products company’s stock valued at $219,000 after acquiring an additional 8 shares in the last quarter. Finally, Bingham Osborn & Scarborough LLC lifted its position in Caterpillar by 0.4% in the 4th quarter. Bingham Osborn & Scarborough LLC now owns 2,303 shares of the industrial products company’s stock valued at $214,000 after acquiring an additional 9 shares in the last quarter. 69.24% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Company Profile

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Analyst Recommendations for Caterpillar (NYSE:CAT)

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