Equities research analysts at Berenberg Bank assumed coverage on shares of Caterpillar (NYSE:CAT) in a report issued on Thursday, The Fly reports. The brokerage set a “buy” rating on the industrial products company’s stock.

A number of other research firms also recently issued reports on CAT. Vetr raised shares of Caterpillar from a “strong sell” rating to a “sell” rating and set a $151.72 price objective on the stock in a report on Monday. Bank of America reissued a “buy” rating and issued a $189.00 price objective (up previously from $158.00) on shares of Caterpillar in a report on Friday, January 12th. JPMorgan Chase & Co. raised shares of Caterpillar from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $161.96 to $200.00 in a report on Monday, January 8th. UBS Group set a $180.00 price objective on shares of Caterpillar and gave the stock a “buy” rating in a report on Friday, January 5th. They noted that the move was a valuation call. Finally, ValuEngine raised shares of Caterpillar from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $148.24.

Caterpillar (CAT) opened at $168.50 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 1.58. The stock has a market cap of $100,250.00, a P/E ratio of 117.01, a P/E/G ratio of 2.09 and a beta of 1.29. Caterpillar has a 1-year low of $90.34 and a 1-year high of $173.24.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.68. The company had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $10.69 billion. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The firm’s revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 earnings per share. analysts expect that Caterpillar will post 6.46 EPS for the current year.

In other news, insider Bradley M. Halverson sold 2,600 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $137.67, for a total value of $357,942.00. Following the transaction, the insider now owns 5,214 shares of the company’s stock, valued at $717,811.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Lange Bob De sold 1,572 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $137.58, for a total transaction of $216,275.76. Following the completion of the transaction, the insider now directly owns 11,096 shares in the company, valued at approximately $1,526,587.68. The disclosure for this sale can be found here. Insiders sold 52,989 shares of company stock worth $7,235,850 in the last three months. Insiders own 0.14% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ironwood Investment Counsel LLC increased its position in Caterpillar by 0.3% in the second quarter. Ironwood Investment Counsel LLC now owns 3,425 shares of the industrial products company’s stock worth $368,000 after purchasing an additional 10 shares during the last quarter. Southeast Asset Advisors Inc. increased its position in Caterpillar by 0.3% in the second quarter. Southeast Asset Advisors Inc. now owns 4,279 shares of the industrial products company’s stock worth $460,000 after purchasing an additional 12 shares during the last quarter. Bingham Osborn & Scarborough LLC increased its position in Caterpillar by 1.3% in the second quarter. Bingham Osborn & Scarborough LLC now owns 2,327 shares of the industrial products company’s stock worth $250,000 after purchasing an additional 30 shares during the last quarter. WFG Advisors LP increased its position in Caterpillar by 0.4% in the second quarter. WFG Advisors LP now owns 8,538 shares of the industrial products company’s stock worth $917,000 after purchasing an additional 33 shares during the last quarter. Finally, California Capital Advisors Inc. increased its position in Caterpillar by 0.3% in the second quarter. California Capital Advisors Inc. now owns 12,018 shares of the industrial products company’s stock worth $1,291,000 after purchasing an additional 39 shares during the last quarter. Institutional investors own 68.55% of the company’s stock.

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About Caterpillar

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 segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.

The Fly

Analyst Recommendations for Caterpillar (NYSE:CAT)

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