Caterpillar (CAT) Upgraded by UBS Group to Hold

UBS Group upgraded shares of Caterpillar (NYSE:CAT) from a sell rating to a hold rating in a report released on Thursday, The Fly reports.

A number of other research firms also recently issued reports on CAT. Citigroup upgraded Caterpillar to an outperform rating in a report on Friday, September 21st. OTR Global downgraded Caterpillar to a positive rating in a report on Friday, September 21st. Macquarie set a $130.00 price objective on Caterpillar and gave the stock a sell rating in a report on Tuesday, September 25th. Robert W. Baird upgraded Caterpillar from a neutral rating to an outperform rating and set a $158.00 price objective for the company in a report on Thursday, September 20th. Finally, Zacks Investment Research downgraded Caterpillar from a buy rating to a hold rating in a report on Monday, October 8th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $159.69.

CAT traded down $0.58 during trading on Thursday, reaching $115.05. The stock had a trading volume of 10,825,318 shares, compared to its average volume of 5,376,513. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.59. The company has a market cap of $76.50 billion, a price-to-earnings ratio of 16.72, a price-to-earnings-growth ratio of 0.71 and a beta of 1.38. Caterpillar has a one year low of $112.25 and a one year high of $173.24.



Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, October 23rd. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.03. The business had revenue of $13.51 billion during the quarter, compared to the consensus estimate of $13.28 billion. Caterpillar had a return on equity of 40.60% and a net margin of 6.12%. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.95 earnings per share. On average, analysts predict that Caterpillar will post 11.65 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Monday, October 22nd will be issued a dividend of $0.86 per share. The ex-dividend date of this dividend is Friday, October 19th. This represents a $3.44 annualized dividend and a dividend yield of 2.99%. Caterpillar’s payout ratio is presently 50.00%.

In other news, insider Denise C. Johnson sold 35,051 shares of the firm’s stock in a transaction on Tuesday, October 2nd. The stock was sold at an average price of $154.18, for a total transaction of $5,404,163.18. Following the completion of the transaction, the insider now directly owns 22,826 shares in the company, valued at $3,519,312.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.36% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the company. Jennison Associates LLC boosted its position in shares of Caterpillar by 5.4% during the second quarter. Jennison Associates LLC now owns 6,442,611 shares of the industrial products company’s stock valued at $874,069,000 after buying an additional 327,470 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Caterpillar by 7.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,239,504 shares of the industrial products company’s stock valued at $303,834,000 after buying an additional 145,707 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Caterpillar by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,147,234 shares of the industrial products company’s stock valued at $291,325,000 after buying an additional 151,960 shares during the last quarter. Swiss National Bank boosted its position in shares of Caterpillar by 3.5% during the second quarter. Swiss National Bank now owns 1,976,016 shares of the industrial products company’s stock valued at $268,086,000 after buying an additional 67,200 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Caterpillar by 23.6% during the second quarter. Janus Henderson Group PLC now owns 1,957,489 shares of the industrial products company’s stock valued at $265,581,000 after buying an additional 374,038 shares during the last quarter. Hedge funds and other institutional investors own 66.63% of the company’s stock.

About Caterpillar

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.

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