Caterpillar (NYSE:CAT) Stock Rating Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Caterpillar (NYSE:CAT) from a buy rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

Several other analysts have also commented on CAT. Oppenheimer reaffirmed an “outperform” rating and issued a $1,118.00 price target on shares of Caterpillar in a research note on Tuesday, August 4th. Wells Fargo & Company lifted their price objective on Caterpillar from $1,050.00 to $1,155.00 and gave the company an “overweight” rating in a report on Tuesday, June 23rd. UBS Group boosted their target price on shares of Caterpillar from $900.00 to $925.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Sanford C. Bernstein restated a “market perform” rating and issued a $1,002.00 price target on shares of Caterpillar in a research report on Wednesday, August 5th. Finally, DA Davidson upped their price objective on shares of Caterpillar from $845.00 to $882.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $994.38.

Caterpillar Trading Up 1.9%

Shares of CAT stock opened at $820.66 on Friday. Caterpillar has a 52-week low of $462.38 and a 52-week high of $1,073.46. The stock has a market cap of $377.23 billion, a price-to-earnings ratio of 35.31, a P/E/G ratio of 1.42 and a beta of 1.60. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 1.37. The firm has a fifty day moving average of $828.22 and a 200-day moving average of $844.77.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, beating the consensus estimate of $6.22 by $1.95. The business had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The firm’s revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the business earned $4.72 EPS. On average, equities research analysts forecast that Caterpillar will post 27.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Joseph E. Creed sold 32,401 shares of Caterpillar stock in a transaction on Friday, August 28th. The stock was sold at an average price of $808.98, for a total value of $26,211,760.98. Following the completion of the sale, the chief executive officer directly owned 34,555 shares of the company’s stock, valued at approximately $27,954,303.90. This trade represents a 48.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On Caterpillar

Hedge funds have recently added to or reduced their stakes in the company. Lam Group Inc. bought a new position in shares of Caterpillar in the 1st quarter valued at about $26,000. Decker Retirement Planning Inc. raised its stake in shares of Caterpillar by 440.0% during the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock worth $29,000 after buying an additional 22 shares during the last quarter. Cornerstone Financial Management LLC acquired a new position in Caterpillar in the fourth quarter valued at approximately $32,000. Matrix Trust Co boosted its stake in Caterpillar by 93.8% in the second quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 15 shares during the last quarter. Finally, Monetary Solutions Ltd bought a new position in Caterpillar in the fourth quarter valued at approximately $35,000. Institutional investors own 70.98% of the company’s stock.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar is partnering with FieldAI to advance “physical AI” and autonomous robotics. The collaboration could improve the company’s ability to deploy intelligent machines across construction, mining and other industrial sites, strengthening its long-term technology narrative. Caterpillar partners with FieldAI to advance physical AI and autonomous robotics
• Positive Sentiment: Reports that remote autonomy is allowing equipment operators to work outside the cab provide early evidence that Caterpillar’s autonomous hauling technology is moving toward commercial deployment. Three operating sites have reportedly demonstrated the technology, although fleet size and contract economics remain undisclosed. Caterpillar Stock Gains as Remote Autonomy Leaves the Cab
• Positive Sentiment: Caterpillar was cited among the stocks helping lift the Dow, indicating that investors were rewarding the company alongside Microsoft. The attention follows Caterpillar’s strong latest quarter, including revenue above $20 billion and an earnings beat. Dow up on gains in shares of Microsoft and Caterpillar
• Positive Sentiment: Analysts continue to highlight Caterpillar’s dominant positions in construction and mining, substantial free-cash-flow generation, dividend-growth potential and demand linked to the AI data-center build-out. Is Caterpillar the Best Industrials Stock to Buy Right Now?

About Caterpillar

Caterpillar Inc is a global manufacturer of construction, mining, and industrial equipment. The company’s products include excavators, dozers, wheel loaders, motor graders, articulated trucks, and off-highway trucks, as well as related attachments and work tools. Caterpillar also supplies replacement parts, equipment services, technology solutions, and rental support through its dealer network.

The company serves customers in construction, mining, quarrying, energy, transportation, forestry, agriculture, and government-related industries.