Caterpillar (CAT) Given a $158.00 Price Target by Robert W. Baird Analysts

Caterpillar (NYSE:CAT) has been assigned a $158.00 target price by research analysts at Robert W. Baird in a research report issued to clients and investors on Tuesday. The brokerage currently has a “hold” rating on the industrial products company’s stock. Robert W. Baird’s target price indicates a potential upside of 9.39% from the company’s previous close.

CAT has been the subject of a number of other research reports. Vetr raised shares of Caterpillar from a “hold” rating to a “buy” rating and set a $170.44 price target for the company in a report on Monday, January 29th. Bank of America reaffirmed a “buy” rating and issued a $189.00 price target (up previously from $158.00) on shares of Caterpillar in a report on Friday, January 12th. Buckingham Research began coverage on shares of Caterpillar in a report on Wednesday, April 11th. They issued a “buy” rating and a $170.00 price target for the company. ValuEngine raised shares of Caterpillar from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research raised shares of Caterpillar from a “sell” rating to a “hold” rating in a report on Monday, April 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $168.29.

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Shares of NYSE:CAT opened at $144.44 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.35 and a debt-to-equity ratio of 1.73. Caterpillar has a 12 month low of $97.74 and a 12 month high of $173.24. The stock has a market capitalization of $92,028.40, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 1.39 and a beta of 1.30.



Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, April 24th. The industrial products company reported $2.82 EPS for the quarter, beating the Zacks’ consensus estimate of $2.11 by $0.71. Caterpillar had a net margin of 1.66% and a return on equity of 28.69%. The firm had revenue of $12.86 billion during the quarter, compared to the consensus estimate of $11.99 billion. During the same quarter last year, the firm earned $1.28 EPS. The firm’s revenue for the quarter was up 30.9% compared to the same quarter last year. sell-side analysts forecast that Caterpillar will post 9.22 earnings per share for the current year.

In other Caterpillar news, General Counsel Suzette M. Long sold 528 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $160.46, for a total value of $84,722.88. Following the completion of the sale, the general counsel now directly owns 19,646 shares in the company, valued at $3,152,397.16. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Thomas A. Pellette sold 95,199 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $163.09, for a total transaction of $15,526,004.91. Following the completion of the sale, the insider now owns 96,268 shares of the company’s stock, valued at $15,700,348.12. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in CAT. Gradient Investments LLC acquired a new stake in Caterpillar in the fourth quarter valued at approximately $113,000. Harvest Fund Management Co. Ltd acquired a new stake in Caterpillar in the fourth quarter valued at approximately $131,000. Clearbridge LLC acquired a new stake in Caterpillar in the fourth quarter valued at approximately $140,000. Aevitas Wealth Management Inc. acquired a new stake in Caterpillar in the fourth quarter valued at approximately $143,000. Finally, Sandy Spring Bank boosted its stake in Caterpillar by 61.9% in the fourth quarter. Sandy Spring Bank now owns 981 shares of the industrial products company’s stock valued at $155,000 after acquiring an additional 375 shares in the last quarter. Institutional investors own 69.23% of the company’s stock.

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About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.

Analyst Recommendations for Caterpillar (NYSE:CAT)

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