Caterpillar, Inc. (NYSE:CAT) saw unusually large options trading on Monday. Investors bought 20,797 call options on the stock. This represents an increase of 131% compared to the average daily volume of 8,998 call options.

Several equities research analysts have commented on CAT shares. BMO Capital Markets restated a “buy” rating and set a $130.00 price target on shares of Caterpillar in a research note on Friday, September 8th. Vetr lowered Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 target price for the company. in a research note on Monday, September 11th. Jefferies Group LLC reiterated a “hold” rating and issued a $100.00 target price on shares of Caterpillar in a research note on Tuesday, August 29th. Deutsche Bank AG lowered Caterpillar from a “buy” rating to a “hold” rating and lowered their target price for the company from $121.00 to $106.00 in a research note on Friday, June 23rd. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $133.00 target price (up previously from $123.00) on shares of Caterpillar in a research note on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $114.03.

Caterpillar (NYSE:CAT) opened at 124.43 on Friday. Caterpillar has a 12-month low of $80.33 and a 12-month high of $125.42. The company has a market cap of $73.53 billion, a P/E ratio of 695.14 and a beta of 1.24. The firm’s 50-day moving average price is $116.33 and its 200-day moving average price is $105.20.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $11.33 billion for the quarter, compared to analyst estimates of $10.96 billion. During the same period in the previous year, the company posted $1.09 earnings per share. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. Analysts expect that Caterpillar will post $5.25 EPS for the current year.

In other Caterpillar news, insider Bradley M. Halverson sold 182,612 shares of the company’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $114.05, for a total transaction of $20,826,898.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William A. Osborn sold 5,000 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $113.67, for a total value of $568,350.00. The disclosure for this sale can be found here. Insiders have sold 201,471 shares of company stock valued at $22,979,332 over the last 90 days. 0.15% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of CAT. Quadrant Capital Group LLC increased its stake in Caterpillar by 10.6% during the second quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 128 shares during the period. Baker Ellis Asset Management LLC bought a new position in Caterpillar during the second quarter valued at about $104,000. Motco increased its stake in Caterpillar by 264.9% during the second quarter. Motco now owns 989 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 718 shares during the period. Harbour Capital Advisors LLC bought a new position in Caterpillar during the first quarter valued at about $107,000. Finally, Acrospire Investment Management LLC increased its stake 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 valued at $107,000 after acquiring an additional 900 shares during the period. Hedge funds and other institutional investors own 69.24% of the company’s stock.

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Caterpillar Company Profile

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