Shares of Caterpillar, Inc. (NYSE:CAT) have been assigned a consensus rating of “Hold” from the thirty-one analysts that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $116.34.

A number of equities research analysts have recently issued reports on CAT shares. BMO Capital Markets reissued a “buy” rating and issued a $130.00 target price on shares of Caterpillar in a research report on Friday, September 8th. Vetr cut shares of Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 target price for the company. in a research report on Monday, September 11th. Jefferies Group LLC reissued a “hold” rating and issued a $100.00 target price on shares of Caterpillar in a research report on Tuesday, August 29th. Credit Suisse Group reissued a “hold” rating and issued a $133.00 target price on shares of Caterpillar in a research report on Friday, September 22nd. Finally, Deutsche Bank AG cut shares of Caterpillar from a “buy” rating to a “hold” rating and reduced their target price for the company from $121.00 to $106.00 in a research report on Friday, June 23rd.

ILLEGAL ACTIVITY NOTICE: This piece of content was posted by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2017/10/10/analysts-set-caterpillar-inc-cat-price-target-at-114-15.html.

In other Caterpillar news, insider Suzette M. Long sold 13,859 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $114.30, for a total transaction of $1,584,083.70. Following the completion of the sale, the insider now owns 18,188 shares of the company’s stock, valued at approximately $2,078,888.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradley M. Halverson sold 182,612 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $114.05, for a total transaction of $20,826,898.60. The disclosure for this sale can be found here. Insiders sold 201,471 shares of company stock valued at $22,979,332 in the last ninety days. 0.14% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. S. R. Schill & Associates increased its position in Caterpillar by 0.3% during the 1st quarter. S. R. Schill & Associates now owns 2,204 shares of the industrial products company’s stock valued at $204,000 after purchasing an additional 6 shares during the period. Northstar Group Inc. increased its position in Caterpillar by 0.3% during the 2nd quarter. Northstar Group Inc. now owns 2,385 shares of the industrial products company’s stock valued at $256,000 after purchasing an additional 8 shares during the period. Clearbridge Investments LLC increased its position in Caterpillar by 0.3% during the 1st quarter. Clearbridge Investments LLC now owns 3,635 shares of the industrial products company’s stock valued at $337,000 after purchasing an additional 10 shares during the period. Toth Financial Advisory Corp increased its position in Caterpillar by 0.3% during the 2nd quarter. Toth Financial Advisory Corp now owns 3,915 shares of the industrial products company’s stock valued at $421,000 after purchasing an additional 10 shares during the period. Finally, Ironwood Investment Counsel LLC increased its position in Caterpillar by 0.3% during the 2nd quarter. Ironwood Investment Counsel LLC now owns 3,425 shares of the industrial products company’s stock valued at $368,000 after purchasing an additional 10 shares during the period. 69.24% of the stock is owned by institutional investors and hedge funds.

Shares of Caterpillar (NYSE:CAT) traded up 1.03% during mid-day trading on Friday, reaching $128.19. 4,412,392 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $120.97 and its 200-day moving average is $108.46. Caterpillar has a 52-week low of $80.33 and a 52-week high of $128.29. The stock has a market cap of $75.76 billion, a price-to-earnings ratio of 716.15 and a beta of 1.25.

Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.23. The company had revenue of $11.33 billion during the quarter, compared to analysts’ expectations of $10.96 billion. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. Caterpillar’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.09 earnings per share. On average, equities analysts expect that Caterpillar will post $5.25 EPS for the current year.

Caterpillar Company Profile

Analyst Recommendations for Caterpillar (NYSE:CAT)

Receive News & Ratings for Caterpillar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar Inc. and related companies with MarketBeat.com's FREE daily email newsletter.