Caterpillar (NYSE:CAT) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a report released on Monday. They presently have a $166.15 price target on the industrial products company’s stock. Vetr‘s price target indicates a potential upside of 6.81% from the company’s current price.
CAT has been the subject of several other reports. Barclays set a $180.00 target price on shares of Caterpillar and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Bank of America raised their target price on shares of Caterpillar from $189.00 to $192.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Wells Fargo & Co raised their target price on shares of Caterpillar from $160.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. BMO Capital Markets raised their target price on shares of Caterpillar from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $170.00 target price on shares of Caterpillar in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $167.60.
Shares of Caterpillar (CAT) opened at $155.56 on Monday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.35 and a quick ratio of 0.97. The stock has a market cap of $92,550.00, a price-to-earnings ratio of 29.74, a PEG ratio of 1.67 and a beta of 1.22. Caterpillar has a 52 week low of $90.34 and a 52 week high of $173.24.
In other Caterpillar news, insider Bradley M. Halverson sold 2,600 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $137.67, for a total transaction of $357,942.00. Following the completion of the transaction, the insider now owns 5,214 shares in the company, valued at $717,811.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jananne A. Copeland sold 3,247 shares of the stock in a transaction on Friday, November 24th. The shares were sold at an average price of $136.95, for a total transaction of $444,676.65. Following the transaction, the insider now owns 8,908 shares of the company’s stock, valued at approximately $1,219,950.60. The disclosure for this sale can be found here. Insiders have sold 101,574 shares of company stock valued at $16,413,346 in the last quarter. 0.14% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings in shares of Caterpillar by 182.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 54,916 shares of the industrial products company’s stock worth $8,653,000 after acquiring an additional 35,447 shares during the last quarter. CNB Bank bought a new stake in shares of Caterpillar in the 4th quarter worth about $568,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Caterpillar by 14.3% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 395,504 shares of the industrial products company’s stock worth $62,324,000 after acquiring an additional 49,331 shares during the last quarter. Intercontinental Wealth Advisors LLC bought a new stake in shares of Caterpillar in the 4th quarter worth about $227,000. Finally, Tuttle Tactical Management LLC bought a new stake in shares of Caterpillar in the 4th quarter worth about $774,000. Hedge funds and other institutional investors own 68.70% of the company’s stock.
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Caterpillar Company Profile
Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.
To view Vetr’s full report, visit Vetr’s official website.
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