ValuEngine downgraded shares of Caterpillar (NYSE:CAT) from a hold rating to a sell rating in a report released on Thursday morning.

Other equities research analysts have also issued research reports about the stock. Royal Bank of Canada raised their target price on shares of Caterpillar to $166.00 and gave the stock a sector perform rating in a report on Tuesday, July 31st. Zacks Investment Research lowered shares of Caterpillar from a strong-buy rating to a hold rating in a report on Tuesday, June 26th. OTR Global lowered shares of Caterpillar to a positive rating in a report on Friday, September 21st. BMO Capital Markets lowered their target price on shares of Caterpillar from $195.00 to $185.00 and set an outperform rating for the company in a report on Tuesday, July 31st. They noted that the move was a valuation call. Finally, Citigroup upgraded shares of Caterpillar to an outperform rating in a report on Friday, September 21st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $171.44.

Shares of NYSE:CAT traded down $3.65 on Thursday, reaching $132.15. The company’s stock had a trading volume of 406,976 shares, compared to its average volume of 4,789,631. Caterpillar has a 52-week low of $129.40 and a 52-week high of $173.24. The stock has a market capitalization of $84.00 billion, a P/E ratio of 19.86, a PEG ratio of 0.78 and a beta of 1.38. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.59.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Monday, July 30th. The industrial products company reported $2.97 EPS for the quarter, topping analysts’ consensus estimates of $2.73 by $0.24. Caterpillar had a net margin of 6.12% and a return on equity of 40.60%. The business had revenue of $14.01 billion during the quarter, compared to analysts’ expectations of $14.09 billion. During the same period last year, the company posted $1.49 EPS. The business’s revenue was up 23.7% on a year-over-year basis. On average, analysts expect that Caterpillar will post 11.65 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Investors 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 dividend on an annualized basis and a yield of 2.60%. Caterpillar’s payout ratio is 50.00%.

In related news, insider Denise C. Johnson sold 35,051 shares of Caterpillar stock in a transaction dated Tuesday, October 2nd. The shares were sold at an average price of $154.18, for a total transaction of $5,404,163.18. Following the completion of the sale, the insider now owns 22,826 shares in the company, valued at approximately $3,519,312.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.36% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Acropolis Investment Management LLC purchased a new position in Caterpillar during the 3rd quarter valued at about $100,000. Sound Income Strategies LLC increased its position in Caterpillar by 181.8% during the 3rd quarter. Sound Income Strategies LLC now owns 665 shares of the industrial products company’s stock valued at $101,000 after purchasing an additional 429 shares during the period. Landaas & Co. WI ADV purchased a new position in Caterpillar during the 2nd quarter valued at about $130,000. Avestar Capital LLC increased its position in Caterpillar by 92.3% during the 2nd quarter. Avestar Capital LLC now owns 994 shares of the industrial products company’s stock valued at $109,000 after purchasing an additional 477 shares during the period. Finally, Lenox Wealth Advisors LLC increased its position in Caterpillar by 16,566.7% during the 3rd quarter. Lenox Wealth Advisors LLC now owns 1,000 shares of the industrial products company’s stock valued at $152,000 after purchasing an additional 994 shares during the period. 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.

See Also: Asset Allocation

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Caterpillar (NYSE:CAT)

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