Caterpillar (CAT) Given a $180.00 Price Target at UBS Group

UBS Group set a $180.00 price target on Caterpillar (NYSE:CAT) in a report issued on Friday, January 5th, thefly.com reports. The firm currently has a buy rating on the industrial products company’s stock. The analysts noted that the move was a valuation call.

CAT has been the topic of several other research 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 report on Thursday, September 14th. Citigroup lifted their price objective on shares of Caterpillar from $145.00 to $160.00 and gave the company a neutral rating in a research report on Thursday, December 21st. Vetr upgraded shares of Caterpillar from a sell rating to a hold rating and set a $131.05 price objective on the stock in a research report on Thursday, October 19th. Zacks Investment Research cut shares of Caterpillar from a strong-buy rating to a hold rating in a research report on Tuesday, September 26th. Finally, Argus boosted their price target on shares of Caterpillar from $130.00 to $155.00 and gave the stock a buy rating in a research report on Thursday, October 26th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $148.24.

Shares of Caterpillar (NYSE:CAT) opened at $170.30 on Friday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.04 and a current ratio of 1.44. The firm has a market cap of $101,317.20, a PE ratio of 118.26, a price-to-earnings-growth ratio of 2.09 and a beta of 1.29. Caterpillar has a 12 month low of $90.34 and a 12 month high of $170.67.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter last year, the firm posted $0.85 earnings per share. The firm’s revenue was up 24.6% compared to the same quarter last year. equities research analysts predict that Caterpillar will post 6.46 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Monday, January 22nd will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Friday, January 19th. Caterpillar’s dividend payout ratio is currently 216.67%.

In related news, insider Thomas A. Pellette sold 24,547 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $135.69, for a total value of $3,330,782.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lange Bob De sold 1,572 shares of the company’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $137.58, for a total transaction of $216,275.76. Following the completion of the sale, 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. Insiders have sold 52,989 shares of company stock valued at $7,235,850 over the last three months. Insiders own 0.14% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in CAT. Chevy Chase Trust Holdings Inc. raised its holdings in Caterpillar by 0.3% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 514,173 shares of the industrial products company’s stock worth $55,254,000 after purchasing an additional 1,451 shares in the last quarter. Chesley Taft & Associates LLC raised its holdings in Caterpillar by 29.1% in the second quarter. Chesley Taft & Associates LLC now owns 4,130 shares of the industrial products company’s stock worth $444,000 after purchasing an additional 930 shares in the last quarter. Mascoma Wealth Management LLC raised its holdings in Caterpillar by 5.9% in the second quarter. Mascoma Wealth Management LLC now owns 3,600 shares of the industrial products company’s stock worth $387,000 after purchasing an additional 200 shares in the last quarter. Jacobs & Co. CA increased its holdings in shares of Caterpillar by 1.1% during the second quarter. Jacobs & Co. CA now owns 28,645 shares of the industrial products company’s stock valued at $3,078,000 after acquiring an additional 319 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its holdings in shares of Caterpillar by 511.4% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 95,514 shares of the industrial products company’s stock valued at $10,264,000 after acquiring an additional 79,893 shares in the last quarter. 68.55% of the stock is owned by institutional investors.

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