Caterpillar, Inc. (NYSE:CAT) has been assigned an average rating of “Hold” from the twenty-nine analysts that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, thirteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $110.59.

A number of analysts have weighed in on CAT shares. BidaskClub upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Axiom Securities restated a “sell” rating on shares of Caterpillar in a research report on Tuesday, June 6th. Wells Fargo & Company restated an “outperform” rating on shares of Caterpillar in a research report on Wednesday, July 26th. Raymond James Financial, Inc. upgraded shares of Caterpillar to a “buy” rating and set a $55.00 price target on the stock in a report on Thursday, April 27th. Finally, Credit Suisse Group set a $123.00 price target on shares of Caterpillar and gave the stock a “buy” rating in a report on Tuesday, July 25th.

In other Caterpillar news, insider Suzette M. Long sold 13,859 shares of Caterpillar stock in a transaction on Friday, August 4th. The shares were sold at an average price of $114.30, for a total value of $1,584,083.70. Following the completion of the sale, the insider now directly owns 18,188 shares of the company’s stock, valued at $2,078,888.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William A. Osborn sold 5,000 shares of Caterpillar stock in a transaction on Friday, July 28th. The shares were sold at an average price of $113.67, for a total transaction of $568,350.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 201,471 shares of company stock valued at $22,979,332. Insiders own 0.15% of the company’s stock.

Large investors have recently bought and sold shares of the stock. S. R. Schill & Associates increased its stake in 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 last quarter. Northstar Group Inc. increased its stake in Caterpillar by 0.3% in the second quarter. Northstar Group Inc. now owns 2,385 shares of the industrial products company’s stock valued at $256,000 after buying an additional 8 shares during the last quarter. Clearbridge Investments LLC increased its stake in 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 last quarter. Toth Financial Advisory Corp increased its stake in 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 last quarter. Finally, Ironwood Investment Counsel LLC increased its stake in Caterpillar by 0.3% in the second quarter. Ironwood Investment Counsel LLC now owns 3,425 shares of the industrial products company’s stock valued at $368,000 after buying an additional 10 shares during the last quarter. 70.27% of the stock is owned by hedge funds and other institutional investors.

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Caterpillar (NYSE:CAT) traded down 0.05% on Friday, reaching $113.86. The company’s stock had a trading volume of 1,227,704 shares. Caterpillar has a 12 month low of $79.93 and a 12 month high of $115.46. The firm’s 50 day moving average is $111.03 and its 200-day moving average is $101.77. The firm has a market cap of $67.29 billion, a P/E ratio of 636.09 and a beta of 1.25.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.23. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The firm had revenue of $11.33 billion for the quarter, compared to analyst estimates of $10.96 billion. During the same quarter last year, the business posted $1.09 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities research analysts anticipate that Caterpillar will post $5.24 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Saturday, August 19th. Shareholders of record on Thursday, July 20th were paid a $0.78 dividend. This is an increase from Caterpillar’s previous quarterly dividend of $0.77. This represents a $3.12 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend was Tuesday, July 18th. Caterpillar’s payout ratio is 2,080.00%.

Caterpillar Company Profile

Analyst Recommendations for Caterpillar (NYSE:CAT)

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