A number of research firms have changed their ratings and price targets for Caterpillar (NYSE: CAT):

  • 8/10/2017 – Caterpillar was upgraded by analysts at Vetr from a “strong sell” rating to a “buy” rating. They now have a $120.03 price target on the stock.
  • 8/3/2017 – Caterpillar was upgraded by analysts at Atlantic Securities from an “underweight” rating to a “neutral” rating. They now have a $115.00 price target on the stock, up previously from $85.00.
  • 8/2/2017 – Caterpillar had its “buy” rating reaffirmed by analysts at Argus. They now have a $113.10 price target on the stock, down previously from $130.00.
  • 7/31/2017 – Caterpillar was upgraded by analysts at Tigress Financial from a “neutral” rating to a “buy” rating.
  • 7/30/2017 – Caterpillar had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $125.00 price target on the stock.
  • 7/27/2017 – Caterpillar had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $135.00 price target on the stock, up previously from $120.00.
  • 7/26/2017 – Caterpillar had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company.
  • 7/26/2017 – Caterpillar had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $133.00 price target on the stock, up previously from $123.00.
  • 7/26/2017 – Caterpillar had its “sell” rating reaffirmed by analysts at Axiom Securities.
  • 7/26/2017 – Caterpillar had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $120.00 price target on the stock, up previously from $106.00.
  • 7/26/2017 – Caterpillar had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $120.00 price target on the stock, up previously from $100.00.
  • 7/26/2017 – Caterpillar had its price target raised by analysts at Citigroup Inc. from $115.00 to $125.00. They now have a “neutral” rating on the stock.
  • 7/25/2017 – Caterpillar was given a new $123.00 price target on by analysts at Credit Suisse Group. They now have a “buy” rating on the stock.
  • 7/25/2017 – Caterpillar was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating.
  • 7/24/2017 – Caterpillar was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $125.00 price target on the stock, up previously from $110.00. They wrote, “hard to imagine a robust surge” in the near term. Nevertheless, the mining and energy sector as a whole has “passed the lows,” and the company is well positioned to capitalize on its status as a leader in capital equipment and engines — when an upturn eventually arrives.Meanwhile, Caterpillar’s cost-cutting initiatives, headcount reductions, improved sourcing and shuttering or consolidating more than 30 factories will reduce fixed costs by nearly $2 billion, the analyst continued. Also, the company can save another $750 million from the closings of two factories in Belgium and Illinois while incentive compensation fell by more than $1 billion since peaking in 2014 at $1.3 billion.Last, Caterpillar’s new CEO Jim Umpleby is likely to focus on profitability, free cash flow, and returns as opposed to the recent CEO Doug Oberhelman who focused on penetrating new markets and gaining market share. As such, the company should now be viewed as “a whole different animal.”
  • 7/24/2017 – Caterpillar was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/14/2017 – Caterpillar was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $121.00 price target on the stock. According to Zacks, “Caterpillar’s May sales rose 8%, an improvement from 1% growth witnessed in the last two months thanks to continual improvement in Asia Pacific. It remains to be seen whether this momentum will be sustained as even though commodity prices have improved lately, it is not sufficient to drive a relevant increase in short-term demand for new equipment. Caterpillar guides revenues in the range of $38–$41 billion and earnings of $3.75 per share for 2017, a 2% and 10% year–over-year growth, respectively. In construction, Asia Pacific is showing promise while leading indicators of U.S. construction signal robust conditions ahead. The company’s efforts to reduce costs will help boost margins. Year to date, the stock has outperformed the Zacks sub industry. Also, it has a positive record of earnings surprises.”
  • 7/13/2017 – Caterpillar had its “sell” rating reaffirmed by analysts at Axiom Securities.
  • 7/4/2017 – Caterpillar had its price target lowered by analysts at Deutsche Bank AG from $108.00 to $105.00. They now have a “buy” rating on the stock.
  • 7/1/2017 – Caterpillar was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/28/2017 – Caterpillar had its “buy” rating reaffirmed by analysts at Credit Suisse Group. They now have a $123.00 price target on the stock.
  • 6/27/2017 – Caterpillar was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Caterpillar’s May sales rose 8%, an improvement from 1% growth witnessed in the last two months thanks to continual improvement in Asia Pacific. It remains to be seen whether this momentum will be sustained as even though commodity prices have improved lately, it is not sufficient to drive a relevant increase in short-term demand for new equipment. Caterpillar guides revenues in the range of $38–$41 billion and earnings of $3.75 per share for 2017, a 2% and 10% year–over-year growth, respectively. In construction, Asia Pacific is showing promise while leading indicators of U.S. construction signal robust conditions ahead. The company’s efforts to reduce costs will help boost margins. Year to date, the stock has outperformed the Zacks sub industry. Also, it has a positive record of earnings surprises. However, the pending tax probe remains an overhang on the stock.”
  • 6/23/2017 – Caterpillar was downgraded by analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating. They now have a $106.00 price target on the stock, down previously from $121.00.
  • 6/22/2017 – Caterpillar had its “buy” rating reaffirmed by analysts at Credit Suisse Group. They now have a $123.00 price target on the stock.
  • 6/21/2017 – Caterpillar had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $110.00 price target on the stock.
  • 6/20/2017 – Caterpillar was given a new $120.00 price target on by analysts at Bank of America Corporation. They now have a “buy” rating on the stock.
  • 6/16/2017 – Caterpillar had its “sell” rating reaffirmed by analysts at Axiom Securities.

Shares of Caterpillar, Inc. (NYSE CAT) traded up 0.15% during trading on Friday, reaching $113.32. 1,006,693 shares of the company’s stock were exchanged. The stock has a market capitalization of $66.97 billion, a price-to-earnings ratio of 633.07 and a beta of 1.25. The stock has a 50 day moving average price of $109.51 and a 200-day moving average price of $101.06. Caterpillar, Inc. has a 52 week low of $79.93 and a 52 week high of $115.46.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.23. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The firm had revenue of $11.33 billion for the quarter, compared to analyst estimates of $10.96 billion. During the same quarter last year, the firm posted $1.09 earnings per share. Caterpillar’s revenue for the quarter was up 9.6% compared to the same quarter last year. Analysts predict that Caterpillar, Inc. will post $5.24 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, August 19th. Investors of record on Thursday, July 20th will be issued a $0.78 dividend. This is a positive change from Caterpillar’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Tuesday, July 18th. This represents a $3.12 annualized dividend and a yield of 2.76%. Caterpillar’s dividend payout ratio (DPR) is presently 2,080.00%.

In related news, Director William A. Osborn sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $113.67, for a total value of $568,350.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Suzette M. Long sold 13,859 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $114.30, for a total transaction of $1,584,083.70. Following the completion of the transaction, the insider now owns 18,188 shares in the company, valued at approximately $2,078,888.40. The disclosure for this sale can be found here. Insiders sold 201,471 shares of company stock worth $22,979,332 in the last 90 days. 0.15% of the stock is currently owned by insiders.

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