Vetr lowered shares of Caterpillar, Inc. (NYSE:CAT) from a buy rating to a hold rating in a research report released on Monday. Vetr currently has $122.53 price target on the industrial products company’s stock.
Other equities analysts also recently issued reports about the company. TheStreet upgraded Caterpillar from a c+ rating to a b rating in a research note on Tuesday, July 25th. Bank of America Corporation restated a buy rating and issued a $120.00 target price on shares of Caterpillar in a research note on Thursday, May 25th. Credit Suisse Group restated a buy rating and issued a $123.00 target price on shares of Caterpillar in a research note on Thursday, June 22nd. Deutsche Bank AG decreased their target price on Caterpillar from $108.00 to $105.00 and set a buy rating for the company in a research note on Tuesday, July 4th. Finally, BidaskClub upgraded Caterpillar from a hold rating to a buy rating in a research note on Saturday, July 1st. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $111.74.
Shares of Caterpillar (NYSE CAT) opened at 120.46 on Monday. The firm has a market capitalization of $71.19 billion, a PE ratio of 672.99 and a beta of 1.24. Caterpillar has a 52-week low of $80.33 and a 52-week high of $121.39. The firm’s 50-day moving average price is $115.54 and its 200-day moving average price is $104.50.
Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.23. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The company had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $10.96 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. Caterpillar’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities analysts predict that Caterpillar will post $5.24 earnings per share for the current fiscal year.
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In other Caterpillar news, insider Suzette M. Long sold 13,859 shares of the company’s stock in a transaction 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 transaction, the insider now owns 18,188 shares of the company’s stock, valued at $2,078,888.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bradley M. Halverson sold 182,612 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $114.05, for a total value of $20,826,898.60. The disclosure for this sale can be found here. Insiders sold 201,471 shares of company stock worth $22,979,332 in the last ninety days. 0.15% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Baker Ellis Asset Management LLC acquired a new stake in Caterpillar during the 2nd quarter valued at $104,000. Motco raised its stake in Caterpillar by 264.9% during the 2nd quarter. Motco now owns 989 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 718 shares during the period. Acrospire Investment Management LLC raised its stake in Caterpillar by 900.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 900 shares during the period. Reilly Financial Advisors LLC raised its stake in Caterpillar by 92.9% during the 2nd quarter. Reilly Financial Advisors LLC now owns 1,111 shares of the industrial products company’s stock valued at $119,000 after purchasing an additional 535 shares during the period. Finally, Harbour Capital Advisors LLC acquired a new stake in Caterpillar during the 1st quarter valued at $107,000. 69.23% of the stock is currently owned by institutional investors.
Caterpillar Company Profile
To view Vetr’s full report, visit Vetr’s official website.
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