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Caterpillar (NYSE:CAT) Given Buy (B) Rating at Weiss Ratings

Caterpillar logo with Industrials background

Key Points

  • Caterpillar's stock has been given a "buy (B)" rating by Weiss Ratings, highlighting positive sentiment around the company's future performance.
  • Several analysts have recently raised their price targets for Caterpillar, with Barclays setting a new target at $425.00 and Melius Research providing a bullish target of $500.00.
  • Caterpillar's stock has seen significant appreciation, trading at $527.65, up by $22.89 during the latest trading session while boasting a market cap of approximately $247.19 billion.
  • Five stocks to consider instead of Caterpillar.

Caterpillar (NYSE:CAT - Get Free Report)'s stock had its "buy (b)" rating restated by Weiss Ratings in a research report issued on Tuesday,Weiss Ratings reports.

CAT has been the topic of several other research reports. Barclays raised their target price on shares of Caterpillar from $383.00 to $425.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Melius Research raised shares of Caterpillar from a "hold" rating to a "strong-buy" rating and set a $500.00 price objective on the stock in a research note on Wednesday, July 9th. Sanford C. Bernstein lifted their price objective on shares of Caterpillar from $447.00 to $502.00 and gave the stock a "market perform" rating in a research note on Tuesday. Evercore ISI raised shares of Caterpillar from an "in-line" rating to an "outperform" rating and set a $476.00 target price on the stock in a research report on Tuesday, August 19th. Finally, Citigroup lifted their target price on shares of Caterpillar from $540.00 to $570.00 and gave the stock a "buy" rating in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $501.47.

Get Our Latest Report on Caterpillar

Caterpillar Stock Performance

Shares of Caterpillar stock traded up $22.89 during trading hours on Tuesday, reaching $527.65. The company's stock had a trading volume of 1,903,913 shares, compared to its average volume of 2,767,194. The company's 50 day simple moving average is $444.65 and its 200 day simple moving average is $385.71. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 1.34. Caterpillar has a one year low of $267.30 and a one year high of $525.81. The stock has a market cap of $247.19 billion, a P/E ratio of 26.82, a price-to-earnings-growth ratio of 3.01 and a beta of 1.46.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing analysts' consensus estimates of $4.88 by ($0.16). Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The firm had revenue of $16.57 billion during the quarter, compared to analyst estimates of $16.14 billion. During the same period last year, the business earned $5.99 EPS. The firm's revenue was down .7% on a year-over-year basis. As a group, analysts expect that Caterpillar will post 19.86 EPS for the current fiscal year.

Insiders Place Their Bets

In other Caterpillar news, Chairman Donald J. Umpleby III sold 17,166 shares of the business's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $462.65, for a total value of $7,941,849.90. Following the completion of the sale, the chairman directly owned 465,339 shares of the company's stock, valued at $215,289,088.35. The trade was a 3.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Susan C. Schwab sold 2,324 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $410.00, for a total transaction of $952,840.00. Following the completion of the sale, the director directly owned 6,917 shares of the company's stock, valued at $2,835,970. This represents a 25.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,819 shares of company stock valued at $16,885,492 over the last ninety days. Corporate insiders own 0.33% of the company's stock.

Institutional Trading of Caterpillar

A number of institutional investors and hedge funds have recently modified their holdings of CAT. Pacific Point Advisors LLC acquired a new stake in shares of Caterpillar in the fourth quarter worth $579,000. Brighton Jones LLC raised its position in shares of Caterpillar by 51.5% during the fourth quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company's stock valued at $2,688,000 after buying an additional 2,519 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Caterpillar by 32.0% during the first quarter. GAMMA Investing LLC now owns 11,311 shares of the industrial products company's stock valued at $3,730,000 after buying an additional 2,745 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Caterpillar by 18.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 191,640 shares of the industrial products company's stock valued at $63,202,000 after buying an additional 30,070 shares during the last quarter. Finally, Mission Wealth Management LP raised its position in shares of Caterpillar by 32.3% during the first quarter. Mission Wealth Management LP now owns 10,612 shares of the industrial products company's stock valued at $3,500,000 after buying an additional 2,593 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

About Caterpillar

(Get Free Report)

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.

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Analyst Recommendations for Caterpillar (NYSE:CAT)

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