Caterpillar (NYSE:CAT) has been assigned a $155.00 target price by research analysts at UBS in a research report issued to clients and investors on Tuesday. The firm presently has a “buy” rating on the industrial products company’s stock. UBS’s price target points to a potential upside of 10.45% from the company’s current price.
Other equities research analysts also recently issued reports about the stock. Vetr raised shares of Caterpillar from a “strong sell” rating to a “buy” rating and set a $120.03 price objective on the stock in a research report on Thursday, August 10th. Tigress Financial reissued a “buy” rating on shares of Caterpillar in a research report on Monday, September 18th. BidaskClub raised shares of Caterpillar from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Deutsche Bank set a $149.00 price objective on shares of Caterpillar and gave the company a “hold” rating in a research report on Wednesday, October 25th. Finally, Seaport Global Securities assumed coverage on shares of Caterpillar in a research report on Wednesday, September 6th. They issued a “neutral” rating and a $120.00 price objective on the stock. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $136.28.
Shares of Caterpillar (NYSE:CAT) opened at $140.34 on Tuesday. Caterpillar has a 52-week low of $90.34 and a 52-week high of $145.19. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.44 and a quick ratio of 1.04. The company has a market cap of $83,374.00, a P/E ratio of 25.25, a price-to-earnings-growth ratio of 2.12 and a beta of 1.29.
Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, beating the Zacks’ 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 company had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $10.69 billion. During the same period in the prior year, the firm posted $0.85 EPS. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. equities research analysts anticipate that Caterpillar will post 6.4 earnings per share for the current year.
In related news, CFO Bradley M. Halverson sold 17,210 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $137.33, for a total transaction of $2,363,449.30. Following the completion of the sale, the chief financial officer now owns 7,814 shares in the company, valued at approximately $1,073,096.62. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas A. Pellette sold 24,547 shares of the stock in a transaction 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. In the last 90 days, insiders sold 52,989 shares of company stock valued at $7,235,850. Company insiders own 0.14% of the company’s stock.
Large investors have recently modified their holdings of the stock. Quadrant Capital Group LLC boosted its stake in Caterpillar by 10.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 128 shares during the period. Baker Ellis Asset Management LLC acquired a new stake in shares of Caterpillar in the 2nd quarter worth $104,000. Motco lifted its stake in shares of Caterpillar by 264.9% in the 2nd quarter. Motco now owns 989 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 718 shares during the period. Harbour Capital Advisors LLC acquired a new stake in shares of Caterpillar in the 1st quarter worth $107,000. Finally, Acrospire Investment Management LLC lifted its stake in shares of Caterpillar by 900.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 900 shares during the period. Hedge funds and other institutional investors own 68.61% of the company’s stock.
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Caterpillar Company Profile
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