Caterpillar (NYSE:CAT) had its target price boosted by investment analysts at Citigroup from $145.00 to $160.00 in a report issued on Thursday. The firm presently has a “neutral” rating on the industrial products company’s stock. Citigroup’s price objective suggests a potential upside of 4.90% from the company’s current price.
A number of other research firms also recently commented on CAT. BidaskClub upgraded shares of Caterpillar from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Seaport Global Securities initiated coverage on shares of Caterpillar in a report on Wednesday, September 6th. They set a “neutral” rating and a $120.00 price target for the company. Vetr downgraded shares of Caterpillar from a “hold” rating to a “sell” rating and set a $122.98 price target for the company. in a report on Monday, October 9th. Credit Suisse Group restated an “outperform” rating and set a $146.00 price target (up previously from $133.00) on shares of Caterpillar in a report on Wednesday, October 18th. Finally, BMO Capital Markets raised their price target on shares of Caterpillar from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $139.93.
Caterpillar (NYSE CAT) traded up $1.61 during mid-day trading on Thursday, reaching $152.52. 3,076,000 shares of the company’s stock were exchanged, compared to its average volume of 4,369,551. The firm has a market cap of $89,781.44, a P/E ratio of 27.19, a price-to-earnings-growth ratio of 2.26 and a beta of 1.29. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.04 and a current ratio of 1.44. Caterpillar has a 12 month low of $90.34 and a 12 month high of $152.60.
In other Caterpillar news, insider Thomas A. Pellette sold 24,547 shares of Caterpillar stock in a transaction on Friday, November 17th. The shares were sold at an average price of $135.69, for a total value of $3,330,782.43. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Bradley M. Halverson sold 17,210 shares of Caterpillar stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $137.33, for a total transaction of $2,363,449.30. Following the completion of the transaction, the chief financial officer now owns 7,814 shares in the company, valued at $1,073,096.62. The disclosure for this sale can be found here. Insiders have sold a total of 52,989 shares of company stock worth $7,235,850 over the last quarter. 0.14% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of CAT. Quadrant Capital Group LLC increased its stake in shares of Caterpillar by 10.6% during the second quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 128 shares during the period. Baker Ellis Asset Management LLC acquired a new position in shares of Caterpillar during the second quarter worth about $104,000. Motco increased its stake in shares of Caterpillar by 264.9% during the second quarter. Motco now owns 989 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 718 shares during the period. Harbour Capital Advisors LLC acquired a new position in shares of Caterpillar during the first quarter worth about $107,000. Finally, Acrospire Investment Management LLC boosted its holdings in Caterpillar by 900.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock worth $107,000 after buying an additional 900 shares in the last quarter. Institutional investors own 68.53% of the company’s stock.
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Caterpillar Company Profile
