Caterpillar (CAT) Earns “Hold” Rating from Robert W. Baird

Caterpillar (NYSE:CAT)‘s stock had its “hold” rating reissued by equities researchers at Robert W. Baird in a research note issued to investors on Friday. They currently have a $168.00 target price on the industrial products company’s stock. Robert W. Baird’s price objective points to a potential upside of 11.83% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. OTR Global downgraded Caterpillar to a “positive” rating in a research note on Monday, December 18th. Citigroup boosted their target price on Caterpillar from $145.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, December 21st. Vetr downgraded Caterpillar from a “sell” rating to a “strong sell” rating and set a $139.26 target price on the stock. in a research note on Wednesday, December 27th. ValuEngine upgraded Caterpillar from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, BMO Capital Markets restated a “buy” rating and issued a $195.00 target price (up previously from $165.00) on shares of Caterpillar in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $171.60.

Shares of CAT stock opened at $150.23 on Friday. Caterpillar has a 1-year low of $92.98 and a 1-year high of $173.24. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.73. The firm has a market cap of $89,727.54, a PE ratio of 21.84, a price-to-earnings-growth ratio of 1.37 and a beta of 1.30.



Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, January 25th. The industrial products company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.39. Caterpillar had a return on equity of 28.69% and a net margin of 1.66%. The business had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $12.01 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. Caterpillar’s revenue for the quarter was up 34.7% compared to the same quarter last year. equities research analysts anticipate that Caterpillar will post 9.15 EPS for the current year.

In related news, insider Thomas A. Pellette sold 95,199 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now owns 96,268 shares of the company’s stock, valued at approximately $15,700,348.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Suzette M. Long sold 528 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $160.46, for a total value of $84,722.88. Following the transaction, the general counsel now directly owns 19,646 shares of the company’s stock, valued at approximately $3,152,397.16. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Caterpillar by 6.5% during the fourth quarter. BlackRock Inc. now owns 37,565,629 shares of the industrial products company’s stock valued at $5,919,590,000 after acquiring an additional 2,297,750 shares during the period. Geode Capital Management LLC increased its stake in Caterpillar by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 6,212,261 shares of the industrial products company’s stock valued at $976,845,000 after acquiring an additional 323,920 shares during the period. Jennison Associates LLC increased its stake in Caterpillar by 126.5% during the fourth quarter. Jennison Associates LLC now owns 5,951,370 shares of the industrial products company’s stock valued at $937,817,000 after acquiring an additional 3,324,051 shares during the period. TIAA CREF Investment Management LLC increased its stake in Caterpillar by 17.7% during the fourth quarter. TIAA CREF Investment Management LLC now owns 4,035,424 shares of the industrial products company’s stock valued at $635,902,000 after acquiring an additional 607,875 shares during the period. Finally, Legal & General Group Plc increased its stake in Caterpillar by 0.4% during the third quarter. Legal & General Group Plc now owns 2,955,916 shares of the industrial products company’s stock valued at $368,648,000 after acquiring an additional 11,745 shares during the period. 69.23% of the stock is owned by institutional investors and hedge funds.

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Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.

Analyst Recommendations for Caterpillar (NYSE:CAT)

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