Barclays started coverage on shares of Caterpillar (NYSE:CAT) in a research note issued on Tuesday. The firm set an “overweight” rating and a $162.00 price target on the industrial products company’s stock. Barclays’ price objective would indicate a potential upside of 9.04% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Vetr cut shares of Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 price target for the company. in a research report on Monday, September 11th. Jefferies Group reissued a “hold” rating and set a $100.00 target price on shares of Caterpillar in a research report on Tuesday, August 29th. Royal Bank of Canada reissued a “hold” rating on shares of Caterpillar in a research report on Tuesday, August 29th. UBS raised shares of Caterpillar from a “neutral” rating to a “buy” rating and increased their target price for the company from $116.00 to $140.00 in a research report on Monday, September 18th. Finally, BMO Capital Markets increased their target price on shares of Caterpillar from $130.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, September 14th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $139.14.

Shares of Caterpillar (NYSE:CAT) opened at $148.57 on Tuesday. Caterpillar has a 52-week low of $90.34 and a 52-week high of $149.05. The firm has a market cap of $85,325.38, a P/E ratio of 25.84, a PEG ratio of 2.16 and a beta of 1.29. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.44 and a quick ratio of 1.04.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.68. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The firm had revenue of $11.41 billion during the quarter, compared to analysts’ expectations of $10.69 billion. During the same quarter in the prior year, the company earned $0.85 EPS. The company’s revenue was up 24.6% compared to the same quarter last year. research analysts expect that Caterpillar will post 6.44 earnings per share for the current fiscal year.

In other news, insider Lange Bob De sold 1,572 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $137.58, for a total value of $216,275.76. Following the sale, the insider now owns 11,096 shares in the company, valued at $1,526,587.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bradley M. Halverson sold 2,600 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $137.67, for a total transaction of $357,942.00. Following the completion of the sale, the insider now owns 5,214 shares in the company, valued at approximately $717,811.38. The disclosure for this sale can be found here. Insiders have sold a total of 52,989 shares of company stock worth $7,235,850 in the last 90 days. 0.14% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. S. R. Schill & Associates increased its stake in shares of Caterpillar by 0.3% in the first quarter. S. R. Schill & Associates now owns 2,204 shares of the industrial products company’s stock worth $204,000 after acquiring an additional 6 shares during the period. Northstar Group Inc. grew its position in Caterpillar by 0.3% during 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 period. Clearbridge Investments LLC grew its position in Caterpillar by 0.3% during 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 period. Toth Financial Advisory Corp grew its position in Caterpillar by 0.3% during 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 period. Finally, Ironwood Investment Counsel LLC grew its position in Caterpillar by 0.3% during 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 period. Hedge funds and other institutional investors own 68.61% of the company’s stock.

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