Caterpillar, Inc. (NYSE:CAT) shares hit a new 52-week high during mid-day trading on Monday after Citigroup raised their price target on the stock from $125.00 to $133.00. Citigroup currently has a neutral rating on the stock. Caterpillar traded as high as $131.47 and last traded at $131.47, with a volume of 2,912,414 shares traded. The stock had previously closed at $130.71.

CAT has been the topic of several other research reports. BMO Capital Markets lifted their target price on shares of Caterpillar from $130.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, September 14th. Credit Suisse Group reaffirmed a “buy” rating and issued a $123.00 target price on shares of Caterpillar in a report on Thursday, June 22nd. Zacks Investment Research downgraded shares of Caterpillar from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 26th. Bank of America Corporation set a $120.00 target price on shares of Caterpillar and gave the company a “buy” rating in a report on Tuesday, June 20th. Finally, Vetr downgraded shares of Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 target price on the stock. in a report on Monday, September 11th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $118.88.

In other Caterpillar news, Director William A. Osborn sold 5,000 shares of Caterpillar stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $113.67, for a total transaction of $568,350.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Suzette M. Long sold 13,859 shares of Caterpillar stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $114.30, for a total transaction of $1,584,083.70. Following the transaction, the insider now owns 18,188 shares of the company’s stock, valued at approximately $2,078,888.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 201,471 shares of company stock valued at $22,979,332. 0.14% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. S. R. Schill & Associates raised its position in Caterpillar by 0.3% during the first quarter. S. R. Schill & Associates now owns 2,204 shares of the industrial products company’s stock worth $204,000 after acquiring an additional 6 shares during the last quarter. Northstar Group Inc. raised its position in Caterpillar by 0.3% during the second quarter. Northstar Group Inc. now owns 2,385 shares of the industrial products company’s stock worth $256,000 after acquiring an additional 8 shares during the last quarter. Clearbridge Investments LLC raised its position in Caterpillar by 0.3% during the first quarter. Clearbridge Investments LLC now owns 3,635 shares of the industrial products company’s stock worth $337,000 after acquiring an additional 10 shares during the last quarter. Toth Financial Advisory Corp raised its position in Caterpillar by 0.3% during the second quarter. Toth Financial Advisory Corp now owns 3,915 shares of the industrial products company’s stock worth $421,000 after acquiring an additional 10 shares during the last quarter. Finally, Ironwood Investment Counsel LLC raised its position in Caterpillar by 0.3% during the second quarter. Ironwood Investment Counsel LLC now owns 3,425 shares of the industrial products company’s stock worth $368,000 after acquiring an additional 10 shares during the last quarter. Institutional investors own 69.23% of the company’s stock.

The stock has a 50-day moving average price of $122.86 and a 200 day moving average price of $109.54. The firm has a market capitalization of $77.15 billion, a P/E ratio of 729.27 and a beta of 1.25.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share 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 company had revenue of $11.33 billion during the quarter, compared to analyst estimates of $10.96 billion. During the same quarter last year, the firm posted $1.09 EPS. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities analysts expect that Caterpillar, Inc. will post $5.28 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 23rd will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Friday, October 20th. Caterpillar’s dividend payout ratio is presently 2,080.00%.

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