Credit Suisse Group restated their outperform rating on shares of Caterpillar, Inc. (NYSE:CAT) in a research note released on Wednesday. The brokerage currently has a $146.00 target price on the industrial products company’s stock, up from their prior target price of $133.00.

A number of other research firms also recently weighed in on CAT. Wells Fargo & Company set a $150.00 price target on shares of Caterpillar and gave the company a buy rating in a report on Monday, October 16th. They noted that the move was a valuation call. Citigroup Inc. raised their price target on shares of Caterpillar from $125.00 to $133.00 and gave the company a neutral rating in a report on Friday, October 13th. Vetr upgraded shares of Caterpillar from a sell rating to a hold rating and set a $124.44 price target on the stock in a report on Tuesday, October 10th. Zacks Investment Research upgraded shares of Caterpillar from a hold rating to a buy rating and set a $142.00 price target on the stock in a report on Wednesday, October 11th. Finally, Goldman Sachs Group, Inc. (The) raised their price target on shares of Caterpillar from $143.00 to $158.00 and gave the company a buy rating in a report on Monday, October 9th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and fourteen have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $119.82.

Shares of Caterpillar (NYSE:CAT) opened at 131.36 on Wednesday. The company’s 50-day moving average is $124.78 and its 200-day moving average is $110.67. The stock has a market capitalization of $77.63 billion, a PE ratio of 733.85 and a beta of 1.26. Caterpillar has a 12 month low of $80.33 and a 12 month high of $132.12.

Caterpillar (NYSE:CAT) last released its quarterly 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. The business had revenue of $11.33 billion for the quarter, compared to the consensus estimate of $10.96 billion. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. Caterpillar’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.09 EPS. Equities research analysts expect that Caterpillar will post $5.29 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This report was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/10/22/caterpillars-cat-outperform-rating-reaffirmed-at-credit-suisse-group.html.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, October 23rd will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Friday, October 20th. Caterpillar’s payout ratio is 2,080.00%.

In related news, Director William A. Osborn sold 5,000 shares of Caterpillar stock in a transaction dated 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 can be accessed through this link. Also, insider Bradley M. Halverson sold 182,612 shares of Caterpillar stock in a transaction dated Thursday, July 27th. The shares were 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 have sold a total of 201,471 shares of company stock valued at $22,979,332 over the last three months. 0.14% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. S. R. Schill & Associates lifted its holdings in Caterpillar by 0.3% during the 1st quarter. S. R. Schill & Associates now owns 2,204 shares of the industrial products company’s stock valued at $204,000 after purchasing an additional 6 shares during the last quarter. Northstar Group Inc. lifted its holdings in Caterpillar by 0.3% during the 2nd quarter. Northstar Group Inc. now owns 2,385 shares of the industrial products company’s stock valued at $256,000 after purchasing an additional 8 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in Caterpillar by 0.3% during the 1st quarter. Clearbridge Investments LLC now owns 3,635 shares of the industrial products company’s stock valued at $337,000 after purchasing an additional 10 shares during the last quarter. Toth Financial Advisory Corp lifted its holdings in Caterpillar by 0.3% during the 2nd quarter. Toth Financial Advisory Corp now owns 3,915 shares of the industrial products company’s stock valued at $421,000 after purchasing an additional 10 shares during the last quarter. Finally, Ironwood Investment Counsel LLC lifted its holdings in Caterpillar by 0.3% during the 2nd quarter. Ironwood Investment Counsel LLC now owns 3,425 shares of the industrial products company’s stock valued at $368,000 after purchasing an additional 10 shares during the last quarter. 69.23% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Company Profile

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.