Caterpillar, Inc. (NYSE:CAT) has been assigned a $150.00 price objective by investment analysts at Wells Fargo & Company in a research note issued to investors on Monday. The firm currently has a “buy” rating on the industrial products company’s stock. Wells Fargo & Company’s price target would suggest a potential upside of 14.91% from the company’s current price. The analysts noted that the move was a valuation call.

Several other equities analysts have also recently weighed in on CAT. Atlantic Securities upgraded shares of Caterpillar from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $85.00 to $115.00 in a research report on Thursday, August 3rd. Vetr upgraded shares of Caterpillar from a “strong sell” rating to a “buy” rating and set a $120.03 price objective on the stock in a research report on Thursday, August 10th. Argus reiterated a “buy” rating and set a $113.10 price objective (down from $130.00) on shares of Caterpillar in a research report on Wednesday, August 2nd. Jefferies Group LLC reiterated a “hold” rating and set a $120.00 price objective (up from $100.00) on shares of Caterpillar in a research report on Wednesday, July 26th. Finally, ValuEngine cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $118.88.

Shares of Caterpillar (NYSE CAT) opened at 130.54 on Monday. The firm’s 50-day moving average price is $122.86 and its 200-day moving average price is $109.54. Caterpillar has a one year low of $80.33 and a one year high of $131.47. The firm has a market cap of $77.15 billion, a PE ratio of 729.27 and a beta of 1.26.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.23. The firm had revenue of $11.33 billion for the quarter, compared to analyst estimates of $10.96 billion. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 earnings per share. Equities research analysts expect that Caterpillar will post $5.28 earnings per share for the current fiscal year.

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In other Caterpillar news, insider Bradley M. Halverson sold 182,612 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $114.05, for a total transaction of $20,826,898.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Suzette M. Long sold 13,859 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $114.30, for a total transaction of $1,584,083.70. Following the transaction, the insider now directly owns 18,188 shares of the company’s stock, valued at approximately $2,078,888.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 201,471 shares of company stock valued at $22,979,332. Company insiders own 0.14% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Baker Ellis Asset Management LLC acquired a new position in shares of Caterpillar during the second quarter valued at about $104,000. Motco raised its position in shares of Caterpillar by 264.9% during the second quarter. Motco now owns 989 shares of the industrial products company’s stock valued at $106,000 after buying an additional 718 shares during the last quarter. Acrospire Investment Management LLC raised its position in shares of Caterpillar by 900.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock valued at $107,000 after buying an additional 900 shares during the last quarter. Reilly Financial Advisors LLC raised its position in shares of Caterpillar by 92.9% during the second quarter. Reilly Financial Advisors LLC now owns 1,111 shares of the industrial products company’s stock valued at $119,000 after buying an additional 535 shares during the last quarter. Finally, Harbour Capital Advisors LLC acquired a new position in shares of Caterpillar during the first quarter valued at about $107,000. 69.23% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Company Profile

Analyst Recommendations for Caterpillar (NYSE:CAT)

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