Caterpillar, Inc. (NYSE:CAT) was downgraded by stock analysts at Vetr from a “hold” rating to a “sell” rating in a research report issued on Monday. They presently have a $132.29 price objective on the industrial products company’s stock. Vetr‘s price objective would indicate a potential downside of 3.94% from the stock’s previous close.

Several other brokerages have also weighed in on CAT. UBS AG set a $155.00 target price on shares of Caterpillar and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Stifel Nicolaus raised their price objective on shares of Caterpillar from $125.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Royal Bank Of Canada raised their price objective on shares of Caterpillar from $120.00 to $143.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 25th. Robert W. Baird raised their price objective on shares of Caterpillar from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Finally, Bank of America Corporation set a $152.00 price objective on shares of Caterpillar and gave the company a “buy” rating in a research note on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Caterpillar currently has an average rating of “Hold” and an average target price of $133.76.

Shares of Caterpillar (CAT) traded up $1.08 during mid-day trading on Monday, reaching $137.71. 2,780,000 shares of the company’s stock traded hands, compared to its average volume of 3,770,000. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $81,930.00, a price-to-earnings ratio of 24.62, a PEG ratio of 2.07 and a beta of 1.29. Caterpillar has a one year low of $80.59 and a one year high of $140.44.

Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.68. The company had revenue of $11.41 billion during the quarter, compared to analyst estimates of $10.69 billion. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. Caterpillar’s revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 earnings per share. sell-side analysts anticipate that Caterpillar will post 6.4 EPS for the current fiscal year.

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In other news, Director Daniel M. Dickinson sold 3,813 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $137.09, for a total transaction of $522,724.17. Following the transaction, the director now directly owns 6,554 shares in the company, valued at $898,487.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Lange Bob De sold 1,572 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $137.58, for a total transaction of $216,275.76. Following the transaction, the insider now owns 11,096 shares in the company, valued at $1,526,587.68. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in CAT. Vanguard Group Inc. grew its position in shares of Caterpillar by 6.1% during the second quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock worth $4,430,058,000 after acquiring an additional 2,377,623 shares during the last quarter. FMR LLC grew its position in shares of Caterpillar by 11.7% during the second quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock worth $2,107,684,000 after acquiring an additional 2,052,300 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Caterpillar during the first quarter worth approximately $143,490,000. Jennison Associates LLC grew its position in shares of Caterpillar by 140.9% during the third quarter. Jennison Associates LLC now owns 2,627,319 shares of the industrial products company’s stock worth $327,653,000 after acquiring an additional 1,536,470 shares during the last quarter. Finally, Morgan Stanley grew its position in shares of Caterpillar by 15.1% during the first quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock worth $964,579,000 after acquiring an additional 1,365,856 shares during the last quarter. Institutional investors and hedge funds own 69.41% of the company’s stock.

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