Caterpillar, Inc. (NYSE:CAT)‘s stock had its “outperform” rating reaffirmed by equities researchers at Wells Fargo & Company in a research note issued on Wednesday, July 26th, The Fly reports.

A number of other research firms also recently weighed in on CAT. Axiom Securities reissued a “sell” rating on shares of Caterpillar in a research note on Thursday, July 13th. Zacks Investment Research upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research report on Friday, July 14th. BidaskClub cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Bank of America Corporation set a $120.00 price objective on shares of Caterpillar and gave the company a “buy” rating in a research report on Tuesday, June 20th. Finally, BMO Capital Markets restated a “hold” rating and issued a $110.00 price objective on shares of Caterpillar in a research report on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Caterpillar presently has a consensus rating of “Hold” and a consensus target price of $106.56.

Caterpillar (NYSE CAT) opened at 114.71 on Wednesday. Caterpillar has a one year low of $79.93 and a one year high of $114.99. The firm has a market capitalization of $67.70 billion, a PE ratio of 640.84 and a beta of 1.25. The company has a 50 day moving average price of $107.93 and a 200-day moving average price of $100.19.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.23. The company had revenue of $11.33 billion for the quarter, compared to the consensus estimate of $10.96 billion. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.09 EPS. On average, equities analysts predict that Caterpillar will post $5.18 EPS for the current year.

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In other Caterpillar news, Director William A. Osborn sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $113.67, for a total transaction of $568,350.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bradley M. Halverson sold 182,612 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $114.05, for a total transaction of $20,826,898.60. The disclosure for this sale can be found here. Insiders sold a total of 201,471 shares of company stock valued at $22,979,332 over the last quarter. 0.15% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the company. S. R. Schill & Associates increased its stake in shares of Caterpillar by 0.3% in the first quarter. S. R. Schill & Associates now owns 2,204 shares of the industrial products company’s stock valued at $204,000 after buying an additional 6 shares during the period. Northstar Group Inc. increased its stake in shares of Caterpillar by 0.3% in the first quarter. Northstar Group Inc. now owns 2,377 shares of the industrial products company’s stock valued at $219,000 after buying an additional 8 shares during the period. Clearbridge Investments LLC increased its stake in shares of Caterpillar by 0.3% in the first quarter. Clearbridge Investments LLC now owns 3,635 shares of the industrial products company’s stock valued at $337,000 after buying an additional 10 shares during the period. Toth Financial Advisory Corp increased its stake in shares of Caterpillar by 0.3% in the second quarter. Toth Financial Advisory Corp now owns 3,915 shares of the industrial products company’s stock valued at $421,000 after buying an additional 10 shares during the period. Finally, Tarbox Family Office Inc. increased its stake in shares of Caterpillar by 0.4% in the second quarter. Tarbox Family Office Inc. now owns 2,887 shares of the industrial products company’s stock valued at $310,000 after buying an additional 12 shares during the period. Hedge funds and other institutional investors own 70.53% of the company’s stock.

Caterpillar Company Profile

The Fly

Analyst Recommendations for Caterpillar (NYSE:CAT)

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