Caterpillar (NYSE:CAT) was upgraded by equities research analysts at Vetr from a “sell” rating to a “hold” rating in a note issued to investors on Monday. The firm presently has a $164.34 price objective on the industrial products company’s stock. Vetr‘s price objective indicates a potential downside of 3.00% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the stock. BMO Capital Markets increased their price objective on shares of Caterpillar from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. Citigroup increased their price objective on shares of Caterpillar from $145.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, December 21st. Goldman Sachs Group increased their price objective on shares of Caterpillar from $143.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, October 9th. OTR Global cut shares of Caterpillar to a “positive” rating in a research note on Monday, December 18th. Finally, UBS Group set a $155.00 price objective on shares of Caterpillar and gave the company a “buy” rating in a research note on Tuesday, December 5th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seventeen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $160.21.

Caterpillar (NYSE CAT) opened at $169.43 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 1.58. The stock has a market cap of $100,800.00, a PE ratio of 117.66, a PEG ratio of 2.08 and a beta of 1.29. Caterpillar has a twelve month low of $90.34 and a twelve month high of $173.24.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.68. The business had revenue of $11.41 billion during the quarter, compared to the consensus estimate of $10.69 billion. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The business’s revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 EPS. analysts forecast that Caterpillar will post 6.47 earnings per share for the current fiscal year.

In related news, CFO Bradley M. Halverson sold 17,210 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $137.33, for a total value of $2,363,449.30. Following the sale, the chief financial officer now directly owns 7,814 shares of the company’s stock, valued at $1,073,096.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas A. Pellette sold 24,547 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $135.69, for a total transaction of $3,330,782.43. 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 over the last ninety days. 0.14% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Beach Investment Management LLC. acquired a new stake in shares of Caterpillar in the second quarter worth approximately $231,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Caterpillar by 9.8% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,071 shares of the industrial products company’s stock worth $5,995,000 after acquiring an additional 4,291 shares during the last quarter. Wealthsource Partners LLC acquired a new stake in shares of Caterpillar in the second quarter worth approximately $316,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Caterpillar by 18.5% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 152,100 shares of the industrial products company’s stock worth $18,979,000 after acquiring an additional 23,749 shares during the last quarter. Finally, FMR LLC boosted its position in shares of Caterpillar by 11.7% in the second quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock worth $2,107,684,000 after acquiring an additional 2,052,300 shares during the last quarter. 68.62% of the stock is currently owned by institutional investors and hedge funds.

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Caterpillar Company Profile

Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.

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

Analyst Recommendations for Caterpillar (NYSE:CAT)

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