Caterpillar (NYSE:CAT)‘s stock had its “buy” rating restated by equities researchers at BMO Capital Markets in a research note issued on Thursday. They currently have a $195.00 target price on the industrial products company’s stock, up from their previous target price of $165.00. BMO Capital Markets’ price target suggests a potential upside of 23.98% from the stock’s current price.
Several other analysts have also weighed in on the company. ValuEngine raised Caterpillar from a “hold” rating to a “buy” rating in a report on Sunday. Vetr raised Caterpillar from a “strong sell” rating to a “sell” rating and set a $141.73 price objective for the company in a report on Thursday, December 28th. Citigroup boosted their price objective on Caterpillar from $145.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, December 21st. OTR Global lowered Caterpillar to a “positive” rating in a report on Monday, December 18th. Finally, Barclays initiated coverage on Caterpillar in a report on Tuesday, December 12th. They issued an “overweight” rating and a $162.00 price objective for the company. Three analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $141.72.
Shares of Caterpillar (CAT) traded up $0.24 during trading on Thursday, reaching $157.28. The company had a trading volume of 4,146,000 shares, compared to its average volume of 4,627,150. 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 company has a market capitalization of $94,380.00, a price-to-earnings ratio of 109.22, a P/E/G ratio of 1.95 and a beta of 1.29. Caterpillar has a 1 year low of $90.34 and a 1 year high of $159.39.
In other news, CFO Bradley M. Halverson sold 17,210 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $137.33, for a total transaction of $2,363,449.30. Following the completion of the transaction, the chief financial officer now directly owns 7,814 shares in the company, valued at $1,073,096.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bradley M. Halverson sold 2,600 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $137.67, for a total value of $357,942.00. Following the transaction, the insider now owns 5,214 shares of the company’s stock, valued at $717,811.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,989 shares of company stock valued at $7,235,850. Insiders own 0.14% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of CAT. Beach Investment Management LLC. bought a new stake in Caterpillar during the second quarter worth approximately $231,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Caterpillar by 9.8% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,071 shares of the industrial products company’s stock worth $5,995,000 after purchasing an additional 4,291 shares in the last quarter. Wealthsource Partners LLC bought a new stake in Caterpillar during the second quarter worth approximately $316,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in Caterpillar by 18.5% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 152,100 shares of the industrial products company’s stock worth $18,979,000 after purchasing an additional 23,749 shares in the last quarter. Finally, FMR LLC raised its holdings in Caterpillar by 11.7% during the second quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock worth $2,107,684,000 after purchasing an additional 2,052,300 shares in the last quarter. Institutional investors and hedge funds own 68.54% of the company’s stock.
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