Caterpillar, Inc. (CAT) Downgraded by Vetr Inc. to Sell

Caterpillar, Inc. (NYSE:CAT) was downgraded by investment analysts at Vetr from a “hold” rating to a “sell” rating in a report issued on Monday. They presently have a $122.98 price target on the industrial products company’s stock. Vetr‘s target price would suggest a potential downside of 3.07% from the stock’s previous close.

CAT has been the topic of a number of other reports. BMO Capital Markets lifted their price objective on shares of Caterpillar from $130.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, September 14th. Credit Suisse Group restated a “buy” rating and set a $123.00 price objective on shares of Caterpillar in a research note on Thursday, June 22nd. Zacks Investment Research cut shares of Caterpillar from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Bank of America Corporation set a $120.00 price objective on shares of Caterpillar and gave the company a “buy” rating in a research note on Tuesday, June 20th. Finally, Stifel Nicolaus restated a “hold” rating and set a $125.00 price objective on shares of Caterpillar in a research note on Sunday, July 30th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Caterpillar has a consensus rating of “Hold” and a consensus target price of $115.91.

Shares of Caterpillar (NYSE CAT) traded down 0.04% during trading on Monday, reaching $126.88. The company’s 50-day moving average price is $120.97 and its 200 day moving average price is $108.46. The company has a market cap of $74.98 billion, a PE ratio of 708.83 and a beta of 1.25. Caterpillar has a 12-month low of $80.33 and a 12-month high of $127.09. Caterpillar also was the target of some unusual options trading activity on Friday. Stock investors acquired 27,892 put options on the company. This represents an increase of 293% compared to the average volume of 7,093 put options.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.23. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The business had revenue of $11.33 billion for the quarter, compared to analysts’ expectations of $10.96 billion. During the same period in the previous year, the business earned $1.09 earnings per share. The company’s revenue was up 9.6% on a year-over-year basis. On average, equities analysts predict that Caterpillar will post $5.25 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This report was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/10/caterpillar-inc-cat-downgraded-by-vetr-inc-to-sell.html.

In other Caterpillar news, insider Bradley M. Halverson sold 182,612 shares of Caterpillar stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $114.05, for a total transaction of $20,826,898.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William A. Osborn sold 5,000 shares of Caterpillar stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $113.67, for a total value of $568,350.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 201,471 shares of company stock worth $22,979,332. Corporate insiders own 0.14% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. S. R. Schill & Associates grew its stake in Caterpillar by 0.3% during the 1st quarter. S. R. Schill & Associates now owns 2,204 shares of the industrial products company’s stock valued at $204,000 after acquiring an additional 6 shares in the last quarter. Northstar Group Inc. grew its stake in Caterpillar by 0.3% during the 2nd quarter. Northstar Group Inc. now owns 2,385 shares of the industrial products company’s stock valued at $256,000 after acquiring an additional 8 shares in the last quarter. Clearbridge Investments LLC grew its stake in Caterpillar by 0.3% during the 1st quarter. Clearbridge Inv

CAT has been the topic of a number of other reports. BMO Capital Markets lifted their price objective on shares of Caterpillar from $130.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, September 14th. Credit Suisse Group restated a “buy” rating and set a $123.00 price objective on shares of Caterpillar in a research note on Thursday, June 22nd. Zacks Investment Research cut shares of Caterpillar from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Bank of America Corporation set a $120.00 price objective on shares of Caterpillar and gave the company a “buy” rating in a research note on Tuesday, June 20th. Finally, Stifel Nicolaus restated a “hold” rating and set a $125.00 price objective on shares of Caterpillar in a research note on Sunday, July 30th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Caterpillar has a consensus rating of “Hold” and a consensus target price of $115.91.

Shares of Caterpillar (NYSE CAT) traded down 0.04% during trading on Monday, reaching $126.88. The company’s 50-day moving average price is $120.97 and its 200 day moving average price is $108.46. The company has a market cap of $74.98 billion, a PE ratio of 708.83 and a beta of 1.25. Caterpillar has a 12-month low of $80.33 and a 12-month high of $127.09. Caterpillar also was the target of some unusual options trading activity on Friday. Stock investors acquired 27,892 put options on the company. This represents an increase of 293% compared to the average volume of 7,093 put options.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.23. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The business had revenue of $11.33 billion for the quarter, compared to analysts’ expectations of $10.96 billion. During the same period in the previous year, the business earned $1.09 earnings per share. The company’s revenue was up 9.6% on a year-over-year basis. On average, equities analysts predict that Caterpillar will post $5.25 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This report was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/10/caterpillar-inc-cat-downgraded-by-vetr-inc-to-sell.html.

In other Caterpillar news, insider Bradley M. Halverson sold 182,612 shares of Caterpillar stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $114.05, for a total transaction of $20,826,898.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William A. Osborn sold 5,000 shares of Caterpillar stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $113.67, for a total value of $568,350.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 201,471 shares of company stock worth $22,979,332. Corporate insiders own 0.14% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. S. R. Schill & Associates grew its stake in Caterpillar by 0.3% during the 1st quarter. S. R. Schill & Associates now owns 2,204 shares of the industrial products company’s stock valued at $204,000 after acquiring an additional 6 shares in the last quarter. Northstar Group Inc. grew its stake in Caterpillar by 0.3% during the 2nd quarter. Northstar Group Inc. now owns 2,385 shares of the industrial products company’s stock valued at $256,000 after acquiring an additional 8 shares in the last quarter. Clearbridge Investments LLC grew its stake in Caterpillar by 0.3% during the 1st quarter. Clearbridge Investments LLC now owns 3,635 shares of the industrial products company’s stock valued at $337,000 after acquiring an additional 10 shares in the last quarter. Toth Financial Advisory Corp grew its stake in Caterpillar by 0.3% during the 2nd quarter. Toth Financial Advisory Corp now owns 3,915 shares of the industrial products company’s stock valued at $421,000 after acquiring an additional 10 shares in the last quarter. Finally, Ironwood Investment Counsel LLC grew its stake in Caterpillar by 0.3% during the 2nd quarter. Ironwood Investment Counsel LLC now owns 3,425 shares of the industrial products company’s stock valued at $368,000 after acquiring an additional 10 shares in the last quarter. 69.24% of the stock is currently owned by institutional investors.

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