Caterpillar, Inc. (CAT) Lifted to “Hold” at Vetr Inc.

Caterpillar, Inc. (NYSE:CAT) was upgraded by Vetr from a “sell” rating to a “hold” rating in a note issued to investors on Monday. The firm currently has a $135.41 target price on the industrial products company’s stock. Vetr‘s price objective would suggest a potential downside of 0.78% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. Tigress Financial reaffirmed a “buy” rating on shares of Caterpillar in a report on Monday, October 30th. BMO Capital Markets raised their target price on Caterpillar from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, October 26th. Argus raised their target price on Caterpillar from $130.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Citigroup Inc. raised their target price on Caterpillar from $133.00 to $145.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Finally, Credit Suisse Group raised their target price on Caterpillar from $146.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $133.92.

Shares of Caterpillar (NYSE:CAT) opened at $136.48 on Monday. The firm has a market capitalization of $81,196.59, a price-to-earnings ratio of 24.59, a price-to-earnings-growth ratio of 2.07 and a beta of 1.29. Caterpillar has a twelve month low of $90.34 and a twelve month high of $140.44. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 1.58.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.68. The firm had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The company’s revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 EPS. equities research analysts expect that Caterpillar will post 6.4 earnings per share for the current year.

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In other news, Director Daniel M. Dickinson sold 3,813 shares of Caterpillar stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $137.09, for a total value of $522,724.17. Following the completion of the transaction, the director now directly owns 6,554 shares of the company’s stock, valued at approximately $898,487.86. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Lange Bob De sold 1,572 shares of Caterpillar stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $137.58, for a total value of $216,275.76. Following the completion of the transaction, the insider now directly owns 11,096 shares of the company’s stock, valued at $1,526,587.68. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Baker Ellis Asset Management LLC acquired a new stake in shares of Caterpillar in the 2nd quarter valued at about $104,000. Motco grew 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 valued at $106,000 after buying an additional 718 shares during the period. Acrospire Investment Management LLC grew 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 valued at $107,000 after buying an additional 900 shares during the period. Reilly Financial Advisors LLC grew its stake in shares of Caterpillar by 92.9% in the 2nd quarter. Reilly Financial Advisors LLC now owns 1,111 shares of the industrial products company’s stock valued at $119,000 after buying an additional 535 shares during the period. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of Caterpillar in the 1st quarter valued at about $107,000. Institutional investors own 69.41% of the company’s stock.

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