Caterpillar (NYSE:CAT – Get Free Report) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.
Several other research analysts have also weighed in on CAT. President Capital initiated coverage on Caterpillar in a research report on Friday, September 18th. They issued a “buy” rating and a $999.00 price objective for the company. Citigroup reaffirmed a “buy” rating on shares of Caterpillar in a research note on Monday, September 14th. Weiss Ratings upgraded Caterpillar from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 19th. UBS Group boosted their price target on Caterpillar from $900.00 to $925.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, Erste Group Bank downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $994.38.
Read Our Latest Analysis on CAT
Caterpillar Trading Down 0.1%
Caterpillar (NYSE:CAT – Get Free Report) last announced its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, topping analysts’ consensus estimates of $6.22 by $1.95. The business had revenue of $20.54 billion during the quarter, compared to the consensus estimate of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. Caterpillar’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the firm earned $4.72 earnings per share. Equities analysts expect that Caterpillar will post 27.37 earnings per share for the current year.
Insider Buying and Selling
In other news, CEO Joseph E. Creed sold 32,401 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the completion of the sale, the chief executive officer owned 34,555 shares in the company, valued at $27,954,303.90. The trade was a 48.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.33% of the company’s stock.
Hedge Funds Weigh In On Caterpillar
Large investors have recently modified their holdings of the company. Diversify Advisory Services LLC purchased a new stake in Caterpillar in the 2nd quarter worth about $5,372,000. D.B. Root & Company LLC bought a new position in Caterpillar during the second quarter worth about $850,000. Dearborn Partners LLC bought a new position in Caterpillar during the second quarter worth about $20,293,000. B. Metzler seel. Sohn & Co. AG increased its stake in shares of Caterpillar by 4.3% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 62,731 shares of the industrial products company’s stock worth $66,802,000 after purchasing an additional 2,590 shares in the last quarter. Finally, Axxcess Wealth Management LLC raised its position in shares of Caterpillar by 2.8% in the fourth quarter. Axxcess Wealth Management LLC now owns 22,420 shares of the industrial products company’s stock valued at $12,844,000 after purchasing an additional 604 shares during the period. 70.98% of the stock is currently owned by institutional investors.
Key Headlines Impacting Caterpillar
Here are the key news stories impacting Caterpillar this week:
- Positive Sentiment: Caterpillar is partnering with FieldAI to advance “physical AI” and autonomous robotics. The collaboration could improve the company’s ability to deploy intelligent machines across construction, mining and other industrial sites, strengthening its long-term technology narrative. Caterpillar partners with FieldAI to advance physical AI and autonomous robotics
- Positive Sentiment: Reports that remote autonomy is allowing equipment operators to work outside the cab provide early evidence that Caterpillar’s autonomous hauling technology is moving toward commercial deployment. Three operating sites have reportedly demonstrated the technology, although fleet size and contract economics remain undisclosed. Caterpillar Stock Gains as Remote Autonomy Leaves the Cab
- Positive Sentiment: Caterpillar was cited among the stocks helping lift the Dow, indicating that investors were rewarding the company alongside Microsoft. The attention follows Caterpillar’s strong latest quarter, including revenue above $20 billion and an earnings beat. Dow up on gains in shares of Microsoft and Caterpillar
- Positive Sentiment: Analysts continue to highlight Caterpillar’s dominant positions in construction and mining, substantial free-cash-flow generation, dividend-growth potential and demand linked to the AI data-center build-out. Is Caterpillar the Best Industrials Stock to Buy Right Now?
About Caterpillar
Caterpillar Inc is a global manufacturer of construction, mining, and industrial equipment. The company’s products include excavators, dozers, wheel loaders, motor graders, articulated trucks, and off-highway trucks, as well as related attachments and work tools. Caterpillar also supplies replacement parts, equipment services, technology solutions, and rental support through its dealer network.
The company serves customers in construction, mining, quarrying, energy, transportation, forestry, agriculture, and government-related industries.
Featured Stories
- Five stocks we like better than Caterpillar
- Data Centers Got the AI Hype—But Office REITs May Get the Rent Hikes
- 2 Cybersecurity Stocks Breaking Out as AI Continues to Be a Tailwind
- 3 More AI Infrastructure Plays Beyond the Big Names
- CAVA Stock Slips: Sector Fear or Valuation Reality?
Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.
