Caterpillar (NYSE:CAT) Price Target Raised to $295.00 at UBS Group

Caterpillar (NYSE:CAT - Get Free Report) had its price objective boosted by UBS Group from $285.00 to $295.00 in a report released on Monday, Benzinga reports. The brokerage presently has a "sell" rating on the industrial products company's stock. UBS Group's price target indicates a potential downside of 21.65% from the company's previous close.

Several other analysts also recently weighed in on CAT. Truist Financial increased their target price on Caterpillar from $399.00 to $456.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Evercore ISI cut their target price on shares of Caterpillar from $338.00 to $321.00 and set an "in-line" rating for the company in a research note on Monday, August 19th. Barclays raised their price target on shares of Caterpillar from $315.00 to $335.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 7th. Robert W. Baird increased their target price on shares of Caterpillar from $299.00 to $300.00 and gave the company an "underperform" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on Caterpillar from $435.00 to $500.00 and gave the company an "overweight" rating in a research note on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $358.19.

Caterpillar Stock Down 0.8 %

Shares of NYSE CAT traded down $3.11 during mid-day trading on Monday, reaching $376.52. 1,792,112 shares of the company traded hands, compared to its average volume of 2,620,341. The company's fifty day moving average is $372.91 and its two-hundred day moving average is $351.45. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.78 and a current ratio of 1.40. Caterpillar has a fifty-two week low of $233.57 and a fifty-two week high of $403.60. The stock has a market cap of $182.57 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 1.85 and a beta of 1.10.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing analysts' consensus estimates of $5.33 by ($0.16). The firm had revenue of $16.11 billion during the quarter, compared to analyst estimates of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. Caterpillar's quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.52 earnings per share. On average, analysts expect that Caterpillar will post 21.82 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Anthony D. Fassino sold 3,185 shares of Caterpillar stock in a transaction on Friday, August 30th. The stock was sold at an average price of $351.36, for a total value of $1,119,081.60. Following the completion of the sale, the insider now directly owns 33,442 shares of the company's stock, valued at approximately $11,750,181.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Caterpillar news, CAO William E. Schaupp sold 968 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $380.98, for a total value of $368,788.64. Following the transaction, the chief accounting officer now owns 1,686 shares of the company's stock, valued at approximately $642,332.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Anthony D. Fassino sold 3,185 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $351.36, for a total transaction of $1,119,081.60. Following the completion of the sale, the insider now owns 33,442 shares in the company, valued at $11,750,181.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,128 shares of company stock worth $2,506,748 in the last quarter. Insiders own 0.29% of the company's stock.

Institutional Investors Weigh In On Caterpillar

Large investors have recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC raised its holdings in Caterpillar by 2.6% during the 3rd quarter. Smallwood Wealth Investment Management LLC now owns 1,037 shares of the industrial products company's stock worth $405,000 after buying an additional 26 shares during the period. First Bank & Trust lifted its position in Caterpillar by 4.0% in the 3rd quarter. First Bank & Trust now owns 709 shares of the industrial products company's stock valued at $277,000 after acquiring an additional 27 shares in the last quarter. Washington Trust Bank boosted its stake in Caterpillar by 1.2% in the 3rd quarter. Washington Trust Bank now owns 2,349 shares of the industrial products company's stock worth $919,000 after purchasing an additional 27 shares during the period. Pacifica Partners Inc. increased its holdings in Caterpillar by 1.6% during the 3rd quarter. Pacifica Partners Inc. now owns 1,807 shares of the industrial products company's stock worth $707,000 after purchasing an additional 28 shares in the last quarter. Finally, Vanguard Capital Wealth Advisors raised its stake in shares of Caterpillar by 0.8% in the 3rd quarter. Vanguard Capital Wealth Advisors now owns 3,466 shares of the industrial products company's stock valued at $1,356,000 after purchasing an additional 28 shares during the period. Institutional investors own 70.98% of the company's stock.

Caterpillar Company Profile

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.