Morgan Stanley set a $165.00 price target on Caterpillar (NYSE:CAT) in a report issued on Wednesday, TipRanks reports. The firm currently has a buy rating on the industrial products company’s stock.

Several other equities analysts have also recently issued reports on the stock. Bank of America set a $152.00 price target on shares of Caterpillar and gave the company a buy rating in a research report on Thursday, April 4th. UBS Group set a $125.00 price target on shares of Caterpillar and gave the company a sell rating in a research report on Thursday, April 4th. Deutsche Bank cut shares of Caterpillar from a buy rating to a hold rating and reduced their price target for the company from $152.00 to $128.00 in a research report on Wednesday, April 3rd. Zacks Investment Research upgraded shares of Caterpillar from a hold rating to a buy rating and set a $157.00 price target on the stock in a research report on Tuesday, April 2nd. Finally, ValuEngine upgraded shares of Caterpillar from a sell rating to a hold rating in a research report on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $147.77.

Shares of NYSE CAT opened at $137.53 on Wednesday. Caterpillar has a 1 year low of $112.06 and a 1 year high of $161.60. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.96 and a current ratio of 1.37. The stock has a market cap of $79.15 billion, a P/E ratio of 12.26, a P/E/G ratio of 0.72 and a beta of 1.46.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Monday, January 28th. The industrial products company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.98 by ($0.43). Caterpillar had a net margin of 11.23% and a return on equity of 45.31%. The company had revenue of $14.34 billion for the quarter, compared to analysts’ expectations of $14.36 billion. During the same quarter in the prior year, the firm earned $2.16 EPS. Caterpillar’s quarterly revenue was up 11.2% compared to the same quarter last year. As a group, equities analysts predict that Caterpillar will post 12.19 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be paid a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 2.50%. Caterpillar’s dividend payout ratio is presently 30.66%.

Several hedge funds and other institutional investors have recently modified their holdings of CAT. Loeb Partners Corp bought a new position in shares of Caterpillar in the fourth quarter worth approximately $25,000. Clarfeld Financial Advisors LLC bought a new position in shares of Caterpillar in the fourth quarter worth approximately $26,000. Bartlett & Co. LLC lifted its stake in shares of Caterpillar by 150.0% in the fourth quarter. Bartlett & Co. LLC now owns 250 shares of the industrial products company’s stock worth $32,000 after buying an additional 150 shares in the last quarter. PRW Wealth Management LLC bought a new position in shares of Caterpillar in the fourth quarter worth approximately $43,000. Finally, Legacy Advisors LLC bought a new position in shares of Caterpillar in the first quarter worth approximately $47,000. Hedge funds and other institutional investors own 67.06% of the company’s stock.

About Caterpillar

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

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Analyst Recommendations for Caterpillar (NYSE:CAT)

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