OTR Global cut shares of Caterpillar (NYSE:CAT) to a positive rating in a report published on Monday morning.

Several other research firms also recently commented on CAT. BMO Capital Markets reissued a buy rating and issued a $130.00 price objective on shares of Caterpillar in a report on Friday, September 8th. Vetr downgraded Caterpillar from a buy rating to a hold rating and set a $122.53 price objective for the company. in a report on Monday, September 11th. Jefferies Group reaffirmed a hold rating and set a $100.00 price target on shares of Caterpillar in a report on Tuesday, August 29th. Credit Suisse Group reaffirmed a hold rating and set a $133.00 price target on shares of Caterpillar in a report on Friday, September 22nd. Finally, Goldman Sachs Group raised their price target on Caterpillar from $143.00 to $158.00 and gave the company a buy rating in a report on Monday, October 9th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the stock. Caterpillar currently has a consensus rating of Hold and a consensus price target of $139.14.

Caterpillar (CAT) opened at $149.77 on Monday. The firm has a market cap of $87,288.66, a P/E ratio of 26.44, a PEG ratio of 2.21 and a beta of 1.29. Caterpillar has a 52 week low of $90.34 and a 52 week high of $149.81. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.04 and a current ratio of 1.44.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.68. The company had revenue of $11.41 billion during the quarter, compared to analysts’ expectations of $10.69 billion. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The business’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period last year, the business earned $0.85 EPS. equities research analysts predict that Caterpillar will post 6.44 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Monday, January 22nd will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Friday, January 19th. Caterpillar’s dividend payout ratio is currently 216.67%.

In related news, insider Thomas A. Pellette sold 24,547 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $135.69, for a total value of $3,330,782.43. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Bradley M. Halverson sold 2,600 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $137.67, for a total value of $357,942.00. Following the completion of the transaction, the insider now owns 5,214 shares in the company, valued at approximately $717,811.38. The disclosure for this sale can be found here. Insiders have sold 52,989 shares of company stock valued at $7,235,850 in the last three months. Insiders own 0.14% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of CAT. Quadrant Capital Group LLC grew its position in Caterpillar by 10.6% in the second quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 128 shares during the last quarter. Baker Ellis Asset Management LLC bought a new position in Caterpillar in the second quarter valued at about $104,000. Motco grew its position in Caterpillar by 264.9% in the second quarter. Motco now owns 989 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 718 shares during the last quarter. Harbour Capital Advisors LLC bought a new position in Caterpillar in the first quarter valued at about $107,000. Finally, Acrospire Investment Management LLC grew its holdings in shares of Caterpillar by 900.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 900 shares during the last quarter. Institutional investors own 68.53% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://www.watchlistnews.com/caterpillar-cat-lowered-to-positive-at-otr-global/1772839.html.

Caterpillar Company Profile

Analyst Recommendations for Caterpillar (NYSE:CAT)

Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.