Caterpillar (NYSE:CAT) Price Target Raised to $1,165.00

Caterpillar (NYSE:CAT) had its target price hoisted by analysts at JPMorgan Chase & Co. from $1,125.00 to $1,165.00 in a research report issued on Wednesday,MarketScreener reports. The firm presently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 20.80% from the company’s current price.

Several other equities research analysts have also weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Caterpillar in a research report on Friday, May 8th. Morgan Stanley set a $915.00 price target on shares of Caterpillar and gave the company an “equal weight” rating in a research note on Friday, May 1st. HSBC raised their price objective on shares of Caterpillar from $850.00 to $1,100.00 in a report on Tuesday, May 5th. Sanford C. Bernstein upped their target price on shares of Caterpillar from $769.00 to $879.00 and gave the company a “market perform” rating in a report on Friday, May 1st. Finally, Citigroup increased their target price on shares of Caterpillar from $905.00 to $1,020.00 and gave the company a “buy” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $935.09.

Caterpillar Stock Performance

Shares of CAT opened at $964.43 on Wednesday. The stock has a 50-day simple moving average of $860.76 and a 200-day simple moving average of $733.04. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.81 and a current ratio of 1.35. Caterpillar has a 1 year low of $356.96 and a 1 year high of $962.00. The stock has a market capitalization of $444.21 billion, a PE ratio of 47.97, a PEG ratio of 1.85 and a beta of 1.59.

Caterpillar (NYSE:CAT) last posted its earnings results on Thursday, April 30th. The industrial products company reported $5.54 EPS for the quarter, beating the consensus estimate of $4.65 by $0.89. The firm had revenue of $17.42 billion for the quarter, compared to analyst estimates of $16.53 billion. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.Caterpillar’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.25 earnings per share. On average, analysts predict that Caterpillar will post 24.62 earnings per share for the current fiscal year.

Insider Transactions at Caterpillar

In other Caterpillar news, insider Denise C. Johnson sold 12,605 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $907.91, for a total transaction of $11,444,205.55. Following the completion of the sale, the insider directly owned 49,825 shares of the company’s stock, valued at $45,236,615.75. This represents a 20.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lange Bob De sold 24,222 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $922.92, for a total value of $22,354,968.24. Following the sale, the insider directly owned 86,029 shares of the company’s stock, valued at $79,397,884.68. The trade was a 21.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 95,773 shares of company stock worth $87,642,635 over the last three months. 0.33% of the stock is currently owned by company insiders.

Institutional Trading of Caterpillar

Institutional investors have recently modified their holdings of the business. S&A Financial Services Inc. acquired a new position in Caterpillar during the first quarter worth about $213,000. LFG Wealth Partners LLC lifted its position in shares of Caterpillar by 6.9% during the 1st quarter. LFG Wealth Partners LLC now owns 2,452 shares of the industrial products company’s stock valued at $1,737,000 after acquiring an additional 159 shares during the period. Rathbones Group PLC lifted its position in shares of Caterpillar by 34.1% during the 1st quarter. Rathbones Group PLC now owns 231,639 shares of the industrial products company’s stock valued at $164,107,000 after acquiring an additional 58,930 shares during the period. Wealthquest Corp boosted its stake in shares of Caterpillar by 18.7% during the 1st quarter. Wealthquest Corp now owns 438 shares of the industrial products company’s stock worth $310,000 after acquiring an additional 69 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Caterpillar by 6.5% in the 1st quarter. Parallel Advisors LLC now owns 13,090 shares of the industrial products company’s stock worth $9,274,000 after acquiring an additional 798 shares during the period. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar is being highlighted as one of the blue-chip names supporting the Dow’s latest milestone, reinforcing investor confidence in the stock’s strength and leadership among industrials. Dow Achieves a New Milestone: 4 Blue-Chip Stocks to Buy
• Positive Sentiment: Analysts say Caterpillar’s growth story is being recast around a huge AI-related power generation backlog, with strong demand from data centers, rising production plans, and an improved sales outlook. Caterpillar (CAT) Is Recasting Its Growth Story With A $63 Billion AI Backlog
• Positive Sentiment: Caterpillar recently raised its dividend, which signals confidence in cash flow and may attract income-focused investors during a period of market uncertainty. 3 Stocks That Declared Dividend Hikes Recently Amid Geopolitical Tensions
• Positive Sentiment: Recent commentary says Caterpillar has been “on fire” after strong quarterly results, with the stock sharply higher over the past six months and still drawing momentum buyers. 2 Reasons to Watch CAT and 1 to Stay Cautious
• Positive Sentiment: Several reports frame CAT as a strong industrial winner with better earnings momentum and profitability than peers, while also benefiting from the current higher-for-longer macro backdrop. Caterpillar vs. Komatsu: Which Heavy Equipment Stock is the Better Buy? 5 Stocks Built to Thrive in a Higher-For-Longer Economy (CAT)
• Neutral Sentiment: Multiple pieces focus on CAT’s already-stretched valuation and huge year-to-date run, which may limit upside near term even as sentiment remains constructive. Up 300% YTD, How High Can CAT Stock Rally This Year? Caterpillar: A World-Class Industrial At A World-Class Price Tag

About Caterpillar

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.