Deutsche Bank AG restated their hold rating on shares of Caterpillar, Inc. (NYSE:CAT) in a research report sent to investors on Monday morning. Deutsche Bank AG currently has a $121.00 price target on the industrial products company’s stock, up from their previous price target of $120.00.

CAT has been the topic of several other reports. 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 price target on the stock. in a research note on Monday, September 11th. Jefferies Group LLC restated a hold rating and set a $100.00 price target on shares of Caterpillar in a research note on Tuesday, August 29th. Credit Suisse Group restated a hold rating and set a $133.00 price target on shares of Caterpillar in a research note on Friday, September 22nd. Finally, Bank of America Corporation set a $120.00 price target on Caterpillar and gave the company a buy rating in a research note on Tuesday, June 20th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $115.91.

Caterpillar (CAT) opened at 126.88 on Monday. The firm has a market cap of $74.98 billion, a price-to-earnings ratio of 708.83 and a beta of 1.25. The stock has a 50 day moving average price of $120.97 and a 200 day moving average price of $108.46. Caterpillar has a 12 month low of $80.33 and a 12 month high of $127.09.

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. On average, equities analysts expect that Caterpillar will post $5.25 earnings per share for the current fiscal year.

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In other Caterpillar news, Director William A. Osborn sold 5,000 shares of the company’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $113.67, for a total transaction of $568,350.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Bradley M. Halverson sold 182,612 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was 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 a total of 201,471 shares of company stock worth $22,979,332 over the last three months. 0.14% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Caterpillar by 6.1% during the 2nd quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock worth $4,430,058,000 after buying an additional 2,377,623 shares in the last quarter. FMR LLC lifted its holdings in Caterpillar by 11.7% during the 2nd quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock worth $2,107,684,000 after buying an additional 2,052,300 shares in the last quarter. Morgan Stanley lifted its holdings in Caterpillar by 15.1% during the 1st quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock worth $964,579,000 after buying an additional 1,365,856 shares in the last quarter. Primecap Management Co. CA lifted its holdings in Caterpillar by 16.9% during the 1st quarter. Primecap Management Co. CA now owns 7,259,063 shares of the industrial products company’s stock worth $673,351,000 after buying an additional 1,047,922 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Caterpillar by 8.1% during the 1st quarter. Geode Capital Management LLC now owns 5,575,420 shares of the industrial products company’s stock worth $516,423,000 after buying an additional 419,191 shares in the last quarter. 69.24% of the stock is currently owned by hedge funds and other institutional investors.

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