Weekly Investment Analysts’ Ratings Changes for Caterpillar (CAT)

A number of research firms have changed their ratings and price targets for Caterpillar (NYSE: CAT):

  • 10/11/2019 – Caterpillar had its price target lowered by analysts at Credit Suisse Group AG from $165.00 to $149.00. They now have an “outperform” rating on the stock.
  • 10/9/2019 – Caterpillar had its price target lowered by analysts at Morgan Stanley from $155.00 to $150.00. They now have an “overweight” rating on the stock.
  • 10/8/2019 – Caterpillar had its price target lowered by analysts at UBS Group AG from $122.00 to $117.00. They now have a “sell” rating on the stock.
  • 10/2/2019 – Caterpillar was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 9/30/2019 – Caterpillar had its “hold” rating reaffirmed by analysts at Cleveland Research.
  • 9/24/2019 – Caterpillar had its price target lowered by analysts at Citigroup Inc from $150.00 to $145.00. They now have a “buy” rating on the stock.
  • 9/11/2019 – Caterpillar was downgraded by analysts at Wells Fargo & Co from an “outperform” rating to a “market perform” rating. They now have a $143.00 price target on the stock.
  • 9/9/2019 – Caterpillar had its “buy” rating reaffirmed by analysts at Bank of America Corp. They now have a $145.00 price target on the stock, down previously from $150.00.

NYSE:CAT opened at $130.19 on Thursday. The stock has a fifty day moving average price of $124.87 and a 200-day moving average price of $129.16. The company has a market cap of $72.23 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 0.92 and a beta of 1.52. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.00 and a current ratio of 1.43. Caterpillar Inc. has a fifty-two week low of $111.75 and a fifty-two week high of $144.77.

Caterpillar (NYSE:CAT) last released its earnings results on Wednesday, July 24th. The industrial products company reported $2.83 earnings per share for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.29). The company had revenue of $14.43 billion for the quarter, compared to the consensus estimate of $14.47 billion. Caterpillar had a net margin of 11.26% and a return on equity of 43.35%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.97 earnings per share. Research analysts predict that Caterpillar Inc. will post 11.58 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.16%. Caterpillar’s payout ratio is 36.72%.

In other news, General Counsel Suzette M. Long sold 5,019 shares of the company’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $126.34, for a total transaction of $634,100.46. Following the completion of the sale, the general counsel now directly owns 12,569 shares in the company, valued at approximately $1,587,967.46. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.37% of the company’s stock.

Several hedge funds have recently made changes to their positions in CAT. Tortoise Investment Management LLC lifted its position in shares of Caterpillar by 3,600.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 185 shares of the industrial products company’s stock worth $25,000 after buying an additional 180 shares during the last quarter. Prestige Wealth Management Group LLC bought a new stake in shares of Caterpillar during the 2nd quarter worth $27,000. Kavar Capital Partners LLC bought a new stake in shares of Caterpillar during the 2nd quarter worth $46,000. Sound Income Strategies LLC lifted its position in shares of Caterpillar by 23.5% during the 2nd quarter. Sound Income Strategies LLC now owns 378 shares of the industrial products company’s stock worth $52,000 after buying an additional 72 shares during the last quarter. Finally, Exane Derivatives bought a new stake in shares of Caterpillar during the 2nd quarter worth $54,000. Institutional investors and hedge funds own 64.96% of the company’s stock.

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

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