Caterpillar (CAT) Research Coverage Started at Barclays

Barclays started coverage on shares of Caterpillar (NYSE:CAT) in a research report sent to investors on Tuesday morning, Marketbeat reports. The brokerage issued an overweight rating and a $162.00 target price on the industrial products company’s stock.

CAT has been the topic of several other research reports. BMO Capital Markets boosted their target price on shares of Caterpillar from $130.00 to $150.00 and gave the stock an outperform rating in a report on Thursday, September 14th. Vetr raised shares of Caterpillar from a sell rating to a hold rating and set a $131.05 target price on the stock in a report on Thursday, October 19th. Zacks Investment Research downgraded shares of Caterpillar from a strong-buy rating to a hold rating in a report on Tuesday, September 26th. Argus boosted their target price on shares of Caterpillar from $130.00 to $155.00 and gave the stock a buy rating in a report on Thursday, October 26th. Finally, Jefferies Group reaffirmed a hold rating and set a $100.00 price target on shares of Caterpillar in a research note on Tuesday, August 29th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of $139.14.

Caterpillar (NYSE:CAT) traded down $2.29 during mid-day trading on Tuesday, hitting $146.28. 4,616,800 shares of the stock traded hands, compared to its average volume of 4,366,985. Caterpillar has a 1 year low of $90.34 and a 1 year high of $149.05. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.44 and a quick ratio of 1.04. The stock has a market capitalization of $88,389.30, a P/E ratio of 26.77, a PEG ratio of 2.23 and a beta of 1.29.

Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, topping the consensus estimate of $1.27 by $0.68. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The firm had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $10.69 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. equities analysts expect that Caterpillar will post 6.44 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Friday, January 19th. Caterpillar’s dividend payout ratio (DPR) is 216.67%.

In other Caterpillar news, insider Lange Bob De sold 1,572 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas A. Pellette sold 24,547 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $135.69, for a total transaction of $3,330,782.43. The disclosure for this sale can be found here. Insiders have sold 52,989 shares of company stock worth $7,235,850 in the last quarter. Company insiders own 0.14% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Baker Ellis Asset Management LLC bought a new position in shares of Caterpillar in the second quarter worth about $104,000. Motco grew its holdings in shares of Caterpillar by 264.9% in the second quarter. Motco now owns 989 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 718 shares during the last quarter. Acrospire Investment Management LLC grew its holdings in shares of Caterpillar by 900.0% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 900 shares during the last quarter. Harbour Capital Advisors LLC bought a new position in shares of Caterpillar in the first quarter worth about $107,000. Finally, Chicago Partners Investment Group LLC grew its holdings in shares of Caterpillar by 75.6% in the second quarter. Chicago Partners Investment Group LLC now owns 1,152 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 496 shares during the last quarter. Institutional investors and hedge funds own 68.61% of the company’s stock.

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