Caterpillar (CAT) Shares Down 0.1%

Shares of Caterpillar Inc. (NYSE:CAT) dropped 0.1% during mid-day trading on Friday . The stock traded as low as $146.25 and last traded at $146.72. Approximately 3,764,381 shares traded hands during trading, a decline of 41% from the average daily volume of 6,374,744 shares. The stock had previously closed at $146.90.

CAT has been the subject of several recent research reports. UBS set a $155.00 price target on Caterpillar and gave the company a “buy” rating in a report on Tuesday, December 5th. Vetr lowered Caterpillar from a “hold” rating to a “sell” rating and set a $137.72 price objective for the company. in a research note on Thursday, December 7th. Barclays started coverage on Caterpillar in a research note on Tuesday, December 12th. They issued an “overweight” rating and a $162.00 price objective for the company. OTR Global lowered Caterpillar to a “positive” rating in a research note on Monday, December 18th. Finally, Citigroup upped their price objective on Caterpillar from $145.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday, December 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the stock. Caterpillar currently has an average rating of “Buy” and a consensus price target of $170.40.

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The company has a quick ratio of 0.97, a current ratio of 1.35 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $93,110.10, a PE ratio of 114.52, a P/E/G ratio of 1.43 and a beta of 1.23.

Caterpillar (NYSE:CAT) last posted its earnings results on Thursday, January 25th. The industrial products company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.39. The company had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $12.01 billion. Caterpillar had a return on equity of 28.69% and a net margin of 1.66%. The firm’s revenue for the quarter was up 34.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.83 earnings per share. research analysts expect that Caterpillar Inc. will post 9.1 earnings per share for the current fiscal year.

In other Caterpillar news, insider Thomas A. Pellette sold 95,199 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $163.09, for a total transaction of $15,526,004.91. Following the sale, the insider now directly owns 96,268 shares in the company, valued at $15,700,348.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Suzette M. Long sold 528 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $160.46, for a total value of $84,722.88. Following the sale, the general counsel now owns 19,646 shares in the company, valued at $3,152,397.16. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Davis R M Inc. raised its position in Caterpillar by 5.9% during the fourth quarter. Davis R M Inc. now owns 6,061 shares of the industrial products company’s stock valued at $955,000 after purchasing an additional 337 shares during the period. Covington Capital Management raised its holdings in shares of Caterpillar by 14.5% in the fourth quarter. Covington Capital Management now owns 2,690 shares of the industrial products company’s stock worth $424,000 after buying an additional 340 shares during the period. RiverPoint Capital Management LLC raised its holdings in shares of Caterpillar by 13.1% in the fourth quarter. RiverPoint Capital Management LLC now owns 2,980 shares of the industrial products company’s stock worth $470,000 after buying an additional 344 shares during the period. Bridges Investment Management Inc. raised its holdings in shares of Caterpillar by 7.4% in the fourth quarter. Bridges Investment Management Inc. now owns 5,096 shares of the industrial products company’s stock worth $803,000 after buying an additional 350 shares during the period. Finally, Northstar Group Inc. raised its holdings in shares of Caterpillar by 15.3% in the fourth quarter. Northstar Group Inc. now owns 2,735 shares of the industrial products company’s stock worth $431,000 after buying an additional 362 shares during the period. Institutional investors and hedge funds own 69.22% 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.

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