Caterpillar Inc. (NYSE:CAT) Receives Consensus Recommendation of “Hold” from Analysts

Caterpillar Inc. (NYSE:CAT) has earned a consensus rating of “Hold” from the twenty-eight analysts that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $139.37.

A number of equities research analysts have recently commented on CAT shares. Robert W. Baird lowered their price target on shares of Caterpillar from $161.00 to $155.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. ValuEngine upgraded shares of Caterpillar from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Stephens started coverage on shares of Caterpillar in a report on Wednesday, August 14th. They set an “underweight” rating and a $100.00 price target for the company. Goldman Sachs Group downgraded shares of Caterpillar from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $156.00 to $130.00 in a report on Wednesday, August 7th. Finally, Wells Fargo & Co downgraded shares of Caterpillar from an “outperform” rating to a “market perform” rating and set a $143.00 price target for the company. in a report on Wednesday, September 11th.

In related news, General Counsel Suzette M. Long sold 5,019 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $126.34, for a total value of $634,100.46. Following the completion of the sale, the general counsel now directly owns 12,569 shares in the company, valued at $1,587,967.46. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.37% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in CAT. Nuveen Asset Management LLC grew its holdings in Caterpillar by 1,092.5% in the second quarter. Nuveen Asset Management LLC now owns 4,518,229 shares of the industrial products company’s stock valued at $615,789,000 after purchasing an additional 4,139,332 shares during the period. LSV Asset Management grew its holdings in Caterpillar by 168.4% in the second quarter. LSV Asset Management now owns 2,758,506 shares of the industrial products company’s stock valued at $375,956,000 after purchasing an additional 1,730,580 shares during the period. Sanders Capital LLC grew its stake in Caterpillar by 31.5% during the second quarter. Sanders Capital LLC now owns 6,243,500 shares of the industrial products company’s stock worth $958,477,000 after buying an additional 1,496,100 shares during the period. Bank of Montreal Can grew its stake in Caterpillar by 54.7% during the second quarter. Bank of Montreal Can now owns 2,814,829 shares of the industrial products company’s stock worth $383,633,000 after buying an additional 995,203 shares during the period. Finally, AQR Capital Management LLC grew its stake in Caterpillar by 257.9% during the second quarter. AQR Capital Management LLC now owns 1,021,112 shares of the industrial products company’s stock worth $139,167,000 after buying an additional 735,800 shares during the period. Hedge funds and other institutional investors own 64.95% of the company’s stock.

CAT traded up $1.45 during midday trading on Wednesday, reaching $119.42. 160,631 shares of the company’s stock were exchanged, compared to its average volume of 4,280,375. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.43 and a quick ratio of 1.00. The stock has a market capitalization of $68.10 billion, a PE ratio of 10.64, a P/E/G ratio of 0.86 and a beta of 1.52. The business’s 50-day moving average price is $123.08 and its 200 day moving average price is $129.32. Caterpillar has a 1-year low of $111.75 and a 1-year high of $152.61.

Caterpillar (NYSE:CAT) last announced its earnings results on Wednesday, July 24th. The industrial products company reported $2.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.29). The business had revenue of $14.43 billion for the quarter, compared to analyst estimates of $14.47 billion. Caterpillar had a return on equity of 43.35% and a net margin of 11.26%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.97 EPS. As a group, analysts expect that Caterpillar will post 11.68 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, October 21st will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.45%. Caterpillar’s payout ratio is 36.72%.

Caterpillar Company Profile

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

Read More: What is a Buy-Side Analyst?

Analyst Recommendations for Caterpillar (NYSE:CAT)

Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.