ValuEngine downgraded shares of Caterpillar, Inc. (NYSE:CAT) from a buy rating to a hold rating in a research note issued to investors on Monday morning.

Other analysts have also issued reports about the stock. TheStreet upgraded shares of Caterpillar from a c+ rating to a b rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded shares of Caterpillar from a hold rating to a buy rating and set a $121.00 target price for the company in a research report on Friday, July 14th. Credit Suisse Group restated a buy rating and set a $123.00 target price on shares of Caterpillar in a research report on Thursday, June 22nd. Bank of America Corporation set a $120.00 target price on shares of Caterpillar and gave the company a buy rating in a research report on Tuesday, June 20th. Finally, Deutsche Bank AG cut their target price on shares of Caterpillar from $108.00 to $105.00 and set a buy rating for the company in a research report on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, eleven 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 a consensus target price of $114.03.

Caterpillar (NYSE:CAT) traded down 0.38% on Monday, hitting $126.26. 348,958 shares of the stock were exchanged. The company has a 50-day moving average of $119.86 and a 200-day moving average of $107.63. Caterpillar has a 12 month low of $80.33 and a 12 month high of $127.09. The stock has a market cap of $74.62 billion, a price-to-earnings ratio of 705.36 and a beta of 1.26. Caterpillar also was the recipient of unusually large options trading activity on Wednesday. Investors bought 21,220 call options on the company. This represents an increase of 166% compared to the typical volume of 7,980 call options.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $10.96 billion. During the same period in the previous year, the business posted $1.09 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities analysts predict that Caterpillar will post $5.25 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Caterpillar, Inc. (CAT) Downgraded by ValuEngine” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/10/05/caterpillar-inc-cat-downgraded-by-valuengine.html.

In related news, 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 transaction of $20,826,898.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Suzette M. Long sold 13,859 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $114.30, for a total transaction of $1,584,083.70. Following the sale, the insider now directly owns 18,188 shares in the company, valued at approximately $2,078,888.40. The disclosure for this sale can be found here. Insiders sold 201,471 shares of company stock worth $22,979,332 in the last three months. Insiders own 0.14% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Caterpillar by 6.1% during the second quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock valued at $4,430,058,000 after purchasing an additional 2,377,623 shares in the last quarter. FMR LLC raised its stake in Caterpillar by 11.7% during the second quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock valued at $2,107,684,000 after purchasing an additional 2,052,300 shares in the last quarter. Morgan Stanley raised its stake in Caterpillar by 15.1% during the first quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock valued at $964,579,000 after purchasing an additional 1,365,856 shares in the last quarter. Primecap Management Co. CA raised its stake in Caterpillar by 16.9% during the first quarter. Primecap Management Co. CA now owns 7,259,063 shares of the industrial products company’s stock valued at $673,351,000 after purchasing an additional 1,047,922 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Caterpillar by 8.1% during the first quarter. Geode Capital Management LLC now owns 5,575,420 shares of the industrial products company’s stock valued at $516,423,000 after purchasing an additional 419,191 shares in the last quarter. 69.24% of the stock is currently owned by institutional investors.

Caterpillar Company Profile

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Caterpillar (NYSE:CAT)

Receive News & Stock Ratings for Caterpillar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar Inc. and related stocks with our FREE daily email newsletter.