Caterpillar, Inc. (NYSE:CAT) had its price objective upped by Citigroup Inc. from $115.00 to $125.00 in a report issued on Wednesday morning. They currently have a neutral rating on the industrial products company’s stock.

A number of other equities analysts also recently commented on CAT. Vetr downgraded shares of Caterpillar from a hold rating to a sell rating and set a $89.96 target price on the stock. in a research note on Tuesday, March 28th. Zacks Investment Research downgraded shares of Caterpillar from a hold rating to a sell rating in a research note on Wednesday, March 29th. Goldman Sachs Group, Inc. (The) raised shares of Caterpillar from a buy rating to a conviction-buy rating and set a $120.00 target price on the stock in a research note on Tuesday, April 4th. Deutsche Bank AG cut their target price on shares of Caterpillar from $108.00 to $105.00 and set a buy rating on the stock in a research note on Thursday, April 6th. Finally, Robert W. Baird set a $102.00 target price on shares of Caterpillar and gave the company a hold rating in a research note on Wednesday, April 12th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $105.78.

Caterpillar (NYSE CAT) traded down 0.24% during trading on Wednesday, hitting $114.10. 4,704,478 shares of the company’s stock traded hands. Caterpillar has a 12-month low of $79.93 and a 12-month high of $114.90. The firm’s 50-day moving average price is $107.50 and its 200 day moving average price is $99.82. The stock has a market cap of $67.34 billion, a P/E ratio of 637.43 and a beta of 1.24.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, beating the Zacks’ 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 business had revenue of $11.33 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. Analysts anticipate that Caterpillar will post $4.90 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Saturday, August 19th. Stockholders of record on Thursday, July 20th will be issued a $0.78 dividend. The ex-dividend date is Tuesday, July 18th. This is a positive change from Caterpillar’s previous quarterly dividend of $0.77. This represents a $3.12 annualized dividend and a dividend yield of 2.73%. Caterpillar’s payout ratio is 2,080.00%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wealthfront Inc. raised its position in Caterpillar by 14.9% in the fourth quarter. Wealthfront Inc. now owns 15,340 shares of the industrial products company’s stock valued at $1,423,000 after buying an additional 1,991 shares during the period. RMB Capital Management LLC increased its stake in shares of Caterpillar by 407.6% in the fourth quarter. RMB Capital Management LLC now owns 12,945 shares of the industrial products company’s stock valued at $1,201,000 after buying an additional 10,395 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Caterpillar by 0.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,218,953 shares of the industrial products company’s stock valued at $205,785,000 after buying an additional 14,913 shares in the last quarter. Whalerock Point Partners LLC increased its stake in shares of Caterpillar by 10.6% in the fourth quarter. Whalerock Point Partners LLC now owns 17,190 shares of the industrial products company’s stock valued at $1,595,000 after buying an additional 1,650 shares in the last quarter. Finally, High Point Bank & Trust Co. increased its stake in shares of Caterpillar by 3.9% in the fourth quarter. High Point Bank & Trust Co. now owns 4,119 shares of the industrial products company’s stock valued at $382,000 after buying an additional 155 shares in the last quarter. 70.69% of the stock is owned by institutional investors and hedge funds.

Caterpillar Company Profile

Analyst Recommendations for Caterpillar (NYSE:CAT)

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