Caterpillar (NYSE:CAT) Price Target Raised to $950.00

Caterpillar (NYSE:CAT) had its target price hoisted by equities research analysts at Rothschild & Co Redburn from $700.00 to $950.00 in a research note issued on Thursday,MarketScreener reports. The firm currently has a “neutral” rating on the industrial products company’s stock. Rothschild & Co Redburn’s target price indicates a potential upside of 3.88% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. boosted their price target on shares of Caterpillar from $860.00 to $1,125.00 and gave the company an “overweight” rating in a report on Friday, May 1st. CICC Research initiated coverage on shares of Caterpillar in a research report on Friday, February 6th. They issued an “outperform” rating on the stock. Citigroup boosted their target price on shares of Caterpillar from $905.00 to $1,020.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Wolfe Research raised their price target on shares of Caterpillar from $670.00 to $750.00 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Finally, Argus lifted their price target on Caterpillar from $820.00 to $990.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Sixteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $923.14.

Caterpillar Stock Up 1.4%

Shares of Caterpillar stock opened at $914.50 on Thursday. The stock has a market capitalization of $421.21 billion, a price-to-earnings ratio of 45.27, a PEG ratio of 1.83 and a beta of 1.63. Caterpillar has a twelve month low of $336.24 and a twelve month high of $931.35. The company has a current ratio of 1.35, a quick ratio of 0.81 and a debt-to-equity ratio of 1.64. The business’s 50 day simple moving average is $768.15 and its 200-day simple moving average is $675.78.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.65 by $0.89. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The business had revenue of $17.42 billion during the quarter, compared to analyst estimates of $16.53 billion. During the same quarter in the previous year, the firm posted $4.25 EPS. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. Equities research analysts forecast that Caterpillar will post 24.21 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Rodney Michael Shurman sold 5,639 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $903.18, for a total transaction of $5,093,032.02. Following the sale, the insider owned 2,546 shares of the company’s stock, valued at $2,299,496.28. The trade was a 68.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andrew R. J. Bonfield sold 15,674 shares of Caterpillar stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $918.71, for a total value of $14,399,860.54. Following the transaction, the chief financial officer owned 52,935 shares in the company, valued at approximately $48,631,913.85. This trade represents a 22.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 92,017 shares of company stock valued at $81,982,867. 0.33% of the stock is currently owned by insiders.

Institutional Trading of Caterpillar

Large investors have recently added to or reduced their stakes in the business. Lam Group Inc. acquired a new stake in shares of Caterpillar during the 1st quarter valued at $26,000. Torren Management LLC acquired a new position in shares of Caterpillar in the 4th quarter worth $27,000. Frazier Financial Advisors LLC raised its position in shares of Caterpillar by 220.0% during the fourth quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 33 shares during the period. IFS Advisors LLC purchased a new stake in shares of Caterpillar during the fourth quarter valued at $31,000. Finally, Rialto Wealth Management LLC lifted its holdings in shares of Caterpillar by 47.4% during the fourth quarter. Rialto Wealth Management LLC now owns 56 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 18 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar announced plans to add 600 jobs at its Sanford, North Carolina plant to support production of compact track loaders, signaling continued manufacturing expansion and demand for its equipment. Caterpillar hiring 600 workers at Sanford plant
• Positive Sentiment: Recent commentary from analysts and market observers has reinforced the bullish case for CAT, citing strong demand, AI/data-center power needs, oil and infrastructure exposure, and raised price targets. Argus Lifts PT on Caterpillar Inc. (CAT), Expects Strong Demand
• Positive Sentiment: Several articles highlighted Caterpillar as a beneficiary of AI-related power demand, with investors viewing its engines and power-generation products as part of the “time-to-power” solution for data centers. Caterpillar: Solving AI’s Time-To-Power Bottleneck
• Neutral Sentiment: Jim Cramer reiterated a positive view on Caterpillar, but the coverage mainly echoed existing optimism rather than adding new company-specific news. Jim Cramer Just Called Caterpillar a Buy
• Negative Sentiment: Insider Anthony Fassino sold 16,283 shares, which may create a slight headwind for sentiment even though the sale was small relative to his remaining holdings. Anthony Fassino Sells 16,283 Shares of Caterpillar (NYSE:CAT) Stock

About Caterpillar

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.