Caterpillar, Inc. (NYSE:CAT) had its price target boosted by research analysts at Stifel Nicolaus from $125.00 to $145.00 in a research note issued on Wednesday. The brokerage presently has a “hold” rating on the industrial products company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 4.89% from the stock’s current price.

CAT has been the topic of several other reports. BMO Capital Markets reissued a “buy” rating and issued a $130.00 target price on shares of Caterpillar in a report on Friday, September 8th. Vetr downgraded Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 target price on the stock. in a report on Monday, September 11th. Jefferies Group LLC reissued a “hold” rating and issued a $100.00 target price on shares of Caterpillar in a report on Tuesday, August 29th. Credit Suisse Group reissued a “hold” rating and issued a $133.00 target price on shares of Caterpillar in a report on Friday, September 22nd. Finally, Goldman Sachs Group, Inc. (The) boosted their target price on Caterpillar from $143.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $121.48.

Shares of Caterpillar (NYSE:CAT) opened at 138.24 on Wednesday. The stock has a market capitalization of $81.70 billion, a price-to-earnings ratio of 772.29 and a beta of 1.26. Caterpillar has a 52-week low of $80.33 and a 52-week high of $140.44. The company has a 50-day moving average price of $125.53 and a 200-day moving average price of $111.48.

Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.68. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The business had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $10.69 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. On average, equities analysts anticipate that Caterpillar will post $5.29 earnings per share for the current year.

WARNING: “Stifel Nicolaus Boosts Caterpillar, Inc. (CAT) Price Target to $145.00” was published by American Banking News and is owned by of American Banking News. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/10/25/stifel-nicolaus-boosts-caterpillar-inc-cat-price-target-to-145-00.html.

In other Caterpillar news, insider Bradley M. Halverson sold 182,612 shares of the company’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Suzette M. Long sold 13,859 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now owns 18,188 shares of the company’s stock, valued at approximately $2,078,888.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 201,471 shares of company stock valued at $22,979,332. Company insiders own 0.14% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. S. R. Schill & Associates increased its position in Caterpillar by 0.3% in the first quarter. S. R. Schill & Associates now owns 2,204 shares of the industrial products company’s stock worth $204,000 after buying an additional 6 shares in the last quarter. Northstar Group Inc. increased its position in Caterpillar by 0.3% in the second quarter. Northstar Group Inc. now owns 2,385 shares of the industrial products company’s stock worth $256,000 after buying an additional 8 shares in the last quarter. Clearbridge Investments LLC increased its position in Caterpillar by 0.3% in the first quarter. Clearbridge Investments LLC now owns 3,635 shares of the industrial products company’s stock worth $337,000 after buying an additional 10 shares in the last quarter. Toth Financial Advisory Corp increased its position in Caterpillar by 0.3% in the second quarter. Toth Financial Advisory Corp now owns 3,915 shares of the industrial products company’s stock worth $421,000 after buying an additional 10 shares in the last quarter. Finally, Ironwood Investment Counsel LLC increased its position in Caterpillar by 0.3% in the second quarter. Ironwood Investment Counsel LLC now owns 3,425 shares of the industrial products company’s stock worth $368,000 after buying an additional 10 shares in the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

About Caterpillar

Analyst Recommendations for Caterpillar (NYSE:CAT)

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.