Caterpillar (NYSE:CAT) PT Raised to $250.00

Caterpillar (NYSE:CATGet Rating) had its price objective hoisted by investment analysts at Deutsche Bank Aktiengesellschaft from $242.00 to $250.00 in a research note issued on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 14.54% from the company’s previous close.

CAT has been the subject of a number of other research reports. Tigress Financial upped their target price on Caterpillar from $270.00 to $278.00 and gave the stock a “buy” rating in a report on Thursday, February 3rd. Sanford C. Bernstein upgraded Caterpillar from a “market perform” rating to an “outperform” rating and set a $240.00 price target on the stock in a research report on Wednesday, December 22nd. UBS Group upped their price target on Caterpillar from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, January 12th. Credit Suisse Group reduced their price target on Caterpillar from $275.00 to $255.00 and set an “outperform” rating on the stock in a research report on Monday, January 31st. Finally, Barclays upped their price target on Caterpillar from $220.00 to $225.00 and gave the company an “equal weight” rating in a research report on Thursday, January 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $242.67.

Shares of NYSE CAT opened at $218.27 on Thursday. The stock has a market capitalization of $116.97 billion, a PE ratio of 18.43, a P/E/G ratio of 1.46 and a beta of 0.96. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.46 and a quick ratio of 0.99. The business has a fifty day moving average price of $208.21 and a two-hundred day moving average price of $206.17. Caterpillar has a fifty-two week low of $179.67 and a fifty-two week high of $246.69.

Caterpillar (NYSE:CATGet Rating) last posted its quarterly earnings results on Friday, January 28th. The industrial products company reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.46. Caterpillar had a return on equity of 35.57% and a net margin of 12.73%. The company had revenue of $13.80 billion during the quarter, compared to analysts’ expectations of $13.22 billion. During the same quarter in the previous year, the firm earned $2.12 EPS. Caterpillar’s revenue was up 22.8% on a year-over-year basis. On average, equities analysts expect that Caterpillar will post 12.37 EPS for the current year.

In other news, Director David Maclennan acquired 480 shares of the business’s stock in a transaction on Monday, February 7th. The shares were acquired at an average cost of $199.50 per share, with a total value of $95,760.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Gary Michael Marvel sold 674 shares of the business’s stock in a transaction that occurred on Wednesday, February 16th. The stock was sold at an average price of $203.11, for a total value of $136,896.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,034 shares of company stock valued at $10,166,136. 0.18% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Glenview Trust Co raised its position in shares of Caterpillar by 1.7% during the 3rd quarter. Glenview Trust Co now owns 136,748 shares of the industrial products company’s stock valued at $26,252,000 after buying an additional 2,345 shares in the last quarter. Teamwork Financial Advisors LLC increased its position in shares of Caterpillar by 358.5% during the fourth quarter. Teamwork Financial Advisors LLC now owns 9,432 shares of the industrial products company’s stock worth $1,950,000 after acquiring an additional 7,375 shares during the period. Park National Corp OH increased its position in shares of Caterpillar by 7.5% during the fourth quarter. Park National Corp OH now owns 8,981 shares of the industrial products company’s stock worth $1,857,000 after acquiring an additional 630 shares during the period. Ensign Peak Advisors Inc increased its position in shares of Caterpillar by 1.6% during the third quarter. Ensign Peak Advisors Inc now owns 173,426 shares of the industrial products company’s stock worth $33,292,000 after acquiring an additional 2,786 shares during the period. Finally, Vontobel Holding Ltd. increased its position in shares of Caterpillar by 22.0% during the third quarter. Vontobel Holding Ltd. now owns 124,742 shares of the industrial products company’s stock worth $23,946,000 after acquiring an additional 22,512 shares during the period. Hedge funds and other institutional investors own 67.11% of the company’s stock.

About Caterpillar (Get Rating)

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact track and multi-terrain loaders, excavators, motorgraders, pipelayers, road reclaimers, site prep tractors, skid steer loaders, telehandlers, and utility vehicles; mini, small, medium, and large excavators; compact, small, and medium wheel loaders; track-type tractors and loaders; and wheel excavators.

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