Caterpillar (NYSE:CAT) Price Target Lowered to $325.00 at DA Davidson

Caterpillar (NYSE:CAT - Get Free Report) had its price target cut by research analysts at DA Davidson from $357.00 to $325.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the industrial products company's stock. DA Davidson's price objective points to a potential upside of 5.90% from the company's current price. DA Davidson also issued estimates for Caterpillar's Q1 2025 earnings at $4.59 EPS, FY2025 earnings at $20.10 EPS and FY2026 earnings at $22.50 EPS.

Other equities research analysts also recently issued reports about the stock. Wedbush upgraded shares of Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. Citigroup reduced their price objective on shares of Caterpillar from $430.00 to $320.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Bank of America reduced their price target on Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Raymond James raised Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. Finally, UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $355.00 to $385.00 in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $359.36.

Caterpillar Stock Up 3.8 %

Shares of CAT traded up $11.12 during mid-day trading on Monday, hitting $306.89. The company's stock had a trading volume of 2,873,592 shares, compared to its average volume of 2,641,834. The company's 50-day moving average is $323.33 and its 200-day moving average is $361.84. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $146.67 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 1.87 and a beta of 1.21. Caterpillar has a 52-week low of $267.30 and a 52-week high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping analysts' consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. On average, equities research analysts forecast that Caterpillar will post 19.86 EPS for the current fiscal year.

Insider Activity at Caterpillar

In related news, insider Jason Kaiser sold 2,425 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the transaction, the insider now directly owns 6,275 shares of the company's stock, valued at approximately $2,225,742.50. The trade was a 27.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gerald Johnson bought 100 shares of the stock in a transaction dated Tuesday, February 4th. The shares were acquired at an average price of $365.57 per share, with a total value of $36,557.00. Following the completion of the purchase, the director now directly owns 3,053 shares of the company's stock, valued at approximately $1,116,085.21. This represents a 3.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.29% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Caterpillar

A number of large investors have recently bought and sold shares of CAT. Principal Financial Group Inc. boosted its position in shares of Caterpillar by 0.7% during the third quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company's stock worth $285,382,000 after buying an additional 5,371 shares during the period. SOA Wealth Advisors LLC. grew its stake in shares of Caterpillar by 47.2% in the third quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company's stock worth $61,000 after purchasing an additional 50 shares in the last quarter. Tudor Financial Inc. acquired a new position in shares of Caterpillar during the third quarter valued at $854,000. Anchor Investment Management LLC raised its stake in shares of Caterpillar by 2.9% during the third quarter. Anchor Investment Management LLC now owns 13,317 shares of the industrial products company's stock valued at $5,208,000 after purchasing an additional 376 shares in the last quarter. Finally, World Investment Advisors LLC lifted its holdings in Caterpillar by 26.6% in the third quarter. World Investment Advisors LLC now owns 4,012 shares of the industrial products company's stock worth $1,569,000 after purchasing an additional 843 shares during the period. Institutional investors own 70.98% of the company's stock.

About Caterpillar

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.