Investors bought shares of Caterpillar Inc. (NYSE:CAT) on weakness during trading hours on Wednesday. $44.65 million flowed into the stock on the tick-up and $28.25 million flowed out of the stock on the tick-down, for a money net flow of $16.40 million into the stock. Of all companies tracked, Caterpillar had the 21st highest net in-flow for the day. Caterpillar traded down ($0.18) for the day and closed at $82.65

Several research firms have recently weighed in on CAT. Vetr raised shares of Caterpillar from a “strong sell” rating to a “sell” rating and set a $79.15 target price on the stock in a report on Wednesday, July 27th. Jefferies Group upped their target price on shares of Caterpillar from $69.00 to $72.00 and gave the stock a “hold” rating in a report on Thursday, July 28th. Morgan Stanley reaffirmed a “hold” rating and issued a $67.00 target price on shares of Caterpillar in a report on Thursday, July 28th. Royal Bank Of Canada increased their price objective on shares of Caterpillar from $70.00 to $73.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 27th. Finally, Citigroup Inc. increased their price objective on shares of Caterpillar from $75.00 to $82.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company. Caterpillar currently has an average rating of “Hold” and a consensus price target of $70.83.

The stock has a market capitalization of $48.29 billion and a price-to-earnings ratio of 55.10. The firm’s 50-day moving average is $79.03 and its 200-day moving average is $73.79.

Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, July 26th. The company reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.13. During the same quarter in the previous year, the company earned $1.27 earnings per share. The company earned $10.34 billion during the quarter, compared to the consensus estimate of $10.06 billion. The business’s revenue was down 16.0% on a year-over-year basis. Equities analysts anticipate that Caterpillar Inc. will post $3.52 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, August 20th. Investors of record on Wednesday, July 20th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.73%. The ex-dividend date is Monday, July 18th.

In related news, CFO Bradley M. Halverson sold 574 shares of the company’s stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $72.58, for a total value of $41,660.92. Following the sale, the chief financial officer now directly owns 10,783 shares in the company, valued at $782,630.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bradley M. Halverson sold 2,841 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $82.73, for a total value of $235,035.93. Following the completion of the sale, the insider now owns 20,232 shares in the company, valued at $1,673,793.36. The disclosure for this sale can be found here.

A number of hedge funds recently made changes to their positions in CAT. Navellier & Associates Inc boosted its stake in shares of Caterpillar by 1.2% in the fourth quarter. Navellier & Associates Inc now owns 17,400 shares of the company’s stock valued at $1,183,000 after buying an additional 200 shares during the last quarter. Howland Capital Management LLC boosted its stake in shares of Caterpillar by 0.3% in the fourth quarter. Howland Capital Management LLC now owns 31,311 shares of the company’s stock valued at $2,128,000 after buying an additional 100 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Caterpillar by 54.2% in the fourth quarter. Victory Capital Management Inc. now owns 34,894 shares of the company’s stock valued at $2,372,000 after buying an additional 12,268 shares during the last quarter. Tredje AP fonden boosted its stake in shares of Caterpillar by 1.3% in the fourth quarter. Tredje AP fonden now owns 38,370 shares of the company’s stock valued at $2,608,000 after buying an additional 500 shares during the last quarter. Finally, Cibc World Markets Corp boosted its stake in shares of Caterpillar by 14.3% in the fourth quarter. Cibc World Markets Corp now owns 42,152 shares of the company’s stock valued at $2,865,000 after buying an additional 5,270 shares during the last quarter.

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 its three product segments: Resource Industries, Construction Industries, and Energy & Transportation. It also provides financing and related services through its Financial Products segment.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.