Caterpillar (NYSE:CAT) PT Raised to $360.00

Caterpillar (NYSE:CAT) had its price target raised by research analysts at HSBC from $330.00 to $360.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the industrial products company’s stock. HSBC’s price objective would suggest a potential upside of 8.74% from the stock’s current price.

A number of other analysts also recently issued reports on the company. Robert W. Baird raised their target price on Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 6th. The Goldman Sachs Group boosted their price target on shares of Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. boosted their price objective on Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Truist Financial began coverage on shares of Caterpillar in a report on Thursday, March 14th. They set a “buy” rating and a $390.00 price objective for the company. Finally, Citigroup increased their price target on shares of Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $323.35.

Caterpillar Trading Down 1.0 %

NYSE:CAT opened at $331.07 on Tuesday. Caterpillar has a one year low of $205.60 and a one year high of $382.01. The company has a market cap of $165.34 billion, a PE ratio of 14.95, a PEG ratio of 1.51 and a beta of 1.17. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.35 and a quick ratio of 0.83. The firm has a 50-day moving average of $351.36 and a 200-day moving average of $302.43.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.12 by $0.48. The company had revenue of $15.80 billion during the quarter, compared to analyst estimates of $16.07 billion. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. As a group, equities research analysts expect that Caterpillar will post 21.57 EPS for the current fiscal year.

Insiders Place Their Bets

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the sale, the chief financial officer now directly owns 57,317 shares of the company’s stock, valued at approximately $17,774,001.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Caterpillar news, Director David Maclennan acquired 350 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were acquired at an average price of $323.37 per share, with a total value of $113,179.50. Following the completion of the purchase, the director now directly owns 5,238 shares of the company’s stock, valued at approximately $1,693,812.06. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $310.10, for a total value of $3,101,000.00. Following the completion of the sale, the chief financial officer now directly owns 57,317 shares in the company, valued at $17,774,001.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,769 shares of company stock worth $11,508,906. 0.33% of the stock is currently owned by corporate insiders.

Institutional Trading of Caterpillar

Several institutional investors have recently bought and sold shares of CAT. Vicus Capital bought a new stake in shares of Caterpillar in the third quarter worth approximately $210,000. Everett Harris & Co. CA grew its holdings in Caterpillar by 2.4% during the third quarter. Everett Harris & Co. CA now owns 3,533 shares of the industrial products company’s stock valued at $965,000 after purchasing an additional 82 shares during the period. Mission Wealth Management LP raised its stake in shares of Caterpillar by 7.4% in the third quarter. Mission Wealth Management LP now owns 4,409 shares of the industrial products company’s stock worth $1,204,000 after buying an additional 304 shares during the period. Wells Trecaso Financial Group LLC lifted its position in shares of Caterpillar by 4.7% during the 3rd quarter. Wells Trecaso Financial Group LLC now owns 13,610 shares of the industrial products company’s stock valued at $3,716,000 after buying an additional 610 shares in the last quarter. Finally, Verus Financial Partners Inc. raised its stake in Caterpillar by 15.1% during the 3rd quarter. Verus Financial Partners Inc. now owns 914 shares of the industrial products company’s stock worth $245,000 after acquiring an additional 120 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.