Vetr downgraded shares of Caterpillar Inc. (NYSE:CAT) from a buy rating to a hold rating in a research note issued to investors on Monday morning. They currently have $85.19 target price on the stock.

Other research analysts also recently issued reports about the stock. Jefferies Group restated a hold rating on shares of Caterpillar in a research report on Wednesday, August 3rd. RBC Capital Markets set a $73.00 price target on Caterpillar and gave the company a hold rating in a research note on Wednesday, July 27th. Zacks Investment Research raised Caterpillar from a sell rating to a hold rating in a research note on Tuesday, July 12th. TheStreet raised Caterpillar from a hold rating to a buy rating in a research note on Friday, July 29th. Finally, Royal Bank Of Canada upped their price target on Caterpillar from $70.00 to $73.00 and gave the company a sector perform rating in a research note on Wednesday, July 27th. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $72.24.

Shares of Caterpillar (NYSE:CAT) opened at 83.47 on Monday. Caterpillar has a 1-year low of $56.36 and a 1-year high of $84.73. The firm has a market capitalization of $48.77 billion, a PE ratio of 55.65 and a beta of 1.64. The firm has a 50-day moving average of $82.66 and a 200-day moving average of $77.52.

Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, July 26th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.13. Caterpillar had a net margin of 2.64% and a return on equity of 12.37%. The company had revenue of $10.34 billion for the quarter, compared to the consensus estimate of $10.06 billion. During the same period in the prior year, the company posted $1.27 EPS. The company’s revenue was down 16.0% compared to the same quarter last year. On average, equities research analysts anticipate that Caterpillar will post $3.50 EPS for the current fiscal year.

In other Caterpillar news, Director Dennis A. Muilenburg purchased 1,930 shares of the business’s stock in a transaction on Friday, July 29th. The stock was acquired at an average price of $82.75 per share, with a total value of $159,707.50. Following the acquisition, the director now directly owns 9,558 shares of the company’s stock, valued at approximately $790,924.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Bradley M. Halverson sold 2,841 shares of the firm’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $82.73, for a total value of $235,035.93. Following the sale, the insider now directly owns 20,232 shares of the company’s stock, valued at approximately $1,673,793.36. The disclosure for this sale can be found here. Company insiders own 0.15% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Pittenger & Anderson Inc. increased its stake in Caterpillar by 1.9% in the second quarter. Pittenger & Anderson Inc. now owns 1,325 shares of the company’s stock worth $100,000 after buying an additional 25 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA increased its stake in Caterpillar by 15.4% in the first quarter. Kelly Lawrence W & Associates Inc. CA now owns 1,500 shares of the company’s stock worth $115,000 after buying an additional 200 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in Caterpillar by 266.3% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,513 shares of the company’s stock worth $115,000 after buying an additional 1,100 shares in the last quarter. CapWealth Advisors LLC increased its stake in Caterpillar by 6.3% in the second quarter. CapWealth Advisors LLC now owns 1,685 shares of the company’s stock worth $128,000 after buying an additional 100 shares in the last quarter. Finally, Archford Capital Strategies LLC increased its stake in Caterpillar by 1,424.3% in the second quarter. Archford Capital Strategies LLC now owns 1,692 shares of the company’s stock worth $128,000 after buying an additional 1,581 shares in the last quarter. 69.03% of the stock is owned by institutional investors and hedge funds.

Caterpillar Company Profile

Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through its three product segments: Resource Industries, Construction Industries, and Energy & Transportation. It also provides financing and related services through its Financial Products segment.

5 Day Chart for NYSE:CAT

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