Caterpillar (NYSE:CAT) was downgraded by equities researchers at Vetr from a “hold” rating to a “sell” rating in a note issued to investors on Thursday. They currently have a $137.72 target price on the industrial products company’s stock. Vetr‘s price target points to a potential downside of 3.62% from the company’s current price.

Several other equities analysts also recently commented on CAT. ValuEngine downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. UBS set a $155.00 price target on shares of Caterpillar and gave the company a “buy” rating in a report on Tuesday. Wells Fargo & Company set a $150.00 price target on shares of Caterpillar and gave the company a “buy” rating in a report on Monday, October 16th. They noted that the move was a valuation call. BidaskClub downgraded shares of Caterpillar from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Finally, Zacks Investment Research downgraded shares of Caterpillar from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $136.41.

Shares of Caterpillar (NYSE:CAT) traded up $2.55 during trading hours on Thursday, reaching $142.89. 2,967,892 shares of the company traded hands, compared to its average volume of 4,379,366. The company has a market cap of $84,750.00, a P/E ratio of 25.25, a price-to-earnings-growth ratio of 2.12 and a beta of 1.29. Caterpillar has a one year low of $90.34 and a one year high of $145.19. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.44 and a quick ratio of 1.04.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, beating the consensus estimate of $1.27 by $0.68. The company had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $10.69 billion. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The firm’s revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. analysts predict that Caterpillar will post 6.4 earnings per share for the current fiscal year.

In other news, insider Lange Bob De sold 1,572 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $137.58, for a total transaction of $216,275.76. Following the transaction, the insider now directly owns 11,096 shares in the company, valued at $1,526,587.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Thomas A. Pellette sold 24,547 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $135.69, for a total transaction of $3,330,782.43. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,989 shares of company stock worth $7,235,850. Insiders own 0.14% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AXA raised its holdings in shares of Caterpillar by 1.4% in the third quarter. AXA now owns 147,194 shares of the industrial products company’s stock worth $18,356,000 after buying an additional 2,064 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of Caterpillar in the third quarter worth $1,989,000. Public Employees Retirement System of Ohio raised its holdings in shares of Caterpillar by 0.5% in the third quarter. Public Employees Retirement System of Ohio now owns 394,172 shares of the industrial products company’s stock worth $49,157,000 after buying an additional 1,825 shares during the last quarter. Crestwood Advisors Group LLC raised its holdings in shares of Caterpillar by 24.2% in the third quarter. Crestwood Advisors Group LLC now owns 4,004 shares of the industrial products company’s stock worth $499,000 after buying an additional 779 shares during the last quarter. Finally, Salem Investment Counselors Inc. raised its holdings in shares of Caterpillar by 1.9% in the third quarter. Salem Investment Counselors Inc. now owns 30,919 shares of the industrial products company’s stock worth $3,851,000 after buying an additional 590 shares during the last quarter. Hedge funds and other institutional investors own 68.61% of the company’s stock.

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About Caterpillar

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Analyst Recommendations for Caterpillar (NYSE:CAT)

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