Caterpillar (NYSE:CAT) was downgraded by analysts at OTR Global to a “positive” rating in a research note issued to investors on Monday, The Fly reports.
Several other research analysts also recently weighed in on the stock. Barclays assumed coverage on shares of Caterpillar in a research report on Tuesday, December 12th. They set an “overweight” rating and a $162.00 price target for the company. Vetr downgraded shares of Caterpillar from a “hold” rating to a “sell” rating and set a $137.72 price target for the company. in a research report on Thursday, December 7th. UBS set a $155.00 price target on shares of Caterpillar and gave the stock a “buy” rating in a research report on Tuesday, December 5th. Tigress Financial restated a “buy” rating on shares of Caterpillar in a research report on Monday, October 30th. Finally, BMO Capital Markets upped their price target on shares of Caterpillar from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $139.14.
Caterpillar (NYSE CAT) traded up $2.24 on Monday, hitting $148.93. 1,224,144 shares of the company traded hands, compared to its average volume of 4,381,715. Caterpillar has a 52-week low of $90.34 and a 52-week high of $149.05. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.04 and a current ratio of 1.44. The firm has a market cap of $87,288.72, a P/E ratio of 26.44, a PEG ratio of 2.21 and a beta of 1.29.
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 value of $216,275.76. Following the completion of the sale, the insider now owns 11,096 shares of the company’s stock, valued at approximately $1,526,587.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Daniel M. Dickinson sold 3,813 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $137.09, for a total transaction of $522,724.17. Following the completion of the sale, the director now directly owns 6,554 shares of the company’s stock, valued at approximately $898,487.86. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,989 shares of company stock valued at $7,235,850. 0.14% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of CAT. Vanguard Group Inc. grew its stake in shares of Caterpillar by 6.1% in the 2nd quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock valued at $4,430,058,000 after buying an additional 2,377,623 shares during the period. FMR LLC grew its stake in shares of Caterpillar by 11.7% in the 2nd quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock valued at $2,107,684,000 after buying an additional 2,052,300 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Caterpillar in the 1st quarter valued at approximately $143,490,000. Jennison Associates LLC grew its stake in shares of Caterpillar by 140.9% in the 3rd quarter. Jennison Associates LLC now owns 2,627,319 shares of the industrial products company’s stock valued at $327,653,000 after buying an additional 1,536,470 shares during the period. Finally, Morgan Stanley boosted its position in shares of Caterpillar by 15.1% during the 1st quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock worth $964,579,000 after purchasing an additional 1,365,856 shares during the period. 68.61% of the stock is owned by institutional investors and hedge funds.
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