UBS Reiterates $155.00 Price Target for Caterpillar (CAT)

UBS set a $155.00 target price on Caterpillar (NYSE:CAT) in a research report report published on Tuesday, www.tipranks.com reports. The firm currently has a buy rating on the industrial products company’s stock.

A number of other equities research analysts have also recently commented on CAT. Vetr upgraded Caterpillar from a strong sell rating to a buy rating and set a $120.03 target price on the stock in a report on Thursday, August 10th. BidaskClub cut Caterpillar from a hold rating to a sell rating in a report on Thursday, August 17th. Royal Bank Of Canada reiterated a hold rating on shares of Caterpillar in a report on Tuesday, August 29th. Jefferies Group reiterated a hold rating and set a $100.00 target price on shares of Caterpillar in a report on Tuesday, August 29th. Finally, ValuEngine upgraded Caterpillar from a hold rating to a buy rating in a report on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the stock. Caterpillar currently has a consensus rating of Hold and a consensus target price of $136.41.

Shares of Caterpillar (NYSE:CAT) traded up $0.97 during trading hours on Tuesday, reaching $143.86. The company’s stock had a trading volume of 2,471,198 shares, compared to its average volume of 3,096,723. The firm has a market cap of $85,010.07, a PE ratio of 25.75, a PEG ratio of 2.16 and a beta of 1.29. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 1.58. Caterpillar has a 52-week low of $90.34 and a 52-week high of $145.19.

Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.68. The firm had revenue of $11.41 billion for the quarter, compared to analysts’ expectations of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. Caterpillar’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 EPS. equities analysts anticipate that Caterpillar will post 6.41 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, October 23rd were given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Friday, October 20th. Caterpillar’s dividend payout ratio (DPR) is currently 216.67%.

In related news, insider Lange Bob De sold 1,572 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $137.58, for a total value of $216,275.76. Following the transaction, the insider now directly owns 11,096 shares of the company’s stock, valued at approximately $1,526,587.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 value of $3,330,782.43. The disclosure for this sale can be found here. Insiders sold a total of 52,989 shares of company stock worth $7,235,850 over the last ninety days. Corporate insiders own 0.14% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of CAT. S. R. Schill & Associates raised its position in Caterpillar by 0.3% in the first quarter. S. R. Schill & Associates now owns 2,204 shares of the industrial products company’s stock valued at $204,000 after purchasing an additional 6 shares during the period. Northstar Group Inc. raised its position in Caterpillar by 0.3% in the second quarter. Northstar Group Inc. now owns 2,385 shares of the industrial products company’s stock valued at $256,000 after purchasing an additional 8 shares during the period. Clearbridge Investments LLC raised its position in Caterpillar by 0.3% in the first quarter. Clearbridge Investments LLC now owns 3,635 shares of the industrial products company’s stock valued at $337,000 after purchasing an additional 10 shares during the period. Toth Financial Advisory Corp raised its position in Caterpillar by 0.3% in the second quarter. Toth Financial Advisory Corp now owns 3,915 shares of the industrial products company’s stock valued at $421,000 after purchasing an additional 10 shares during the period. Finally, Ironwood Investment Counsel LLC raised its position in Caterpillar by 0.3% in the second quarter. Ironwood Investment Counsel LLC now owns 3,425 shares of the industrial products company’s stock valued at $368,000 after purchasing an additional 10 shares during the period. 68.61% of the stock is currently owned by institutional investors and hedge funds.

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