Caterpillar (CAT) Upgraded to Sell by ValuEngine

ValuEngine upgraded shares of Caterpillar (NYSE:CAT) from a strong sell rating to a sell rating in a research report sent to investors on Thursday.

Several other research firms have also commented on CAT. Citigroup upgraded shares of Caterpillar to an outperform rating in a research report on Friday, September 21st. OTR Global lowered shares of Caterpillar to a positive rating in a research report on Friday, September 21st. Macquarie set a $130.00 price target on shares of Caterpillar and gave the company a sell rating in a research report on Tuesday, September 25th. Robert W. Baird upgraded shares of Caterpillar from a neutral rating to an outperform rating and set a $158.00 price target on the stock in a research report on Thursday, September 20th. Finally, Zacks Investment Research lowered shares of Caterpillar from a buy rating to a hold rating in a research report on Monday, October 8th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $158.55.

Caterpillar stock traded up $1.09 during mid-day trading on Thursday, reaching $125.79. The company had a trading volume of 7,680,888 shares, compared to its average volume of 8,687,015. Caterpillar has a 1 year low of $112.06 and a 1 year high of $173.24. The company has a current ratio of 1.48, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The stock has a market cap of $74.23 billion, a PE ratio of 18.28, a price-to-earnings-growth ratio of 0.69 and a beta of 1.58.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, October 23rd. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.83 by $0.03. The company had revenue of $13.51 billion during the quarter, compared to analysts’ expectations of $13.28 billion. Caterpillar had a net margin of 7.13% and a return on equity of 44.13%. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period last year, the company posted $1.95 earnings per share. On average, sell-side analysts forecast that Caterpillar will post 11.64 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Monday, October 22nd will be given a dividend of $0.86 per share. The ex-dividend date is Friday, October 19th. This represents a $3.44 dividend on an annualized basis and a yield of 2.73%. Caterpillar’s dividend payout ratio (DPR) is currently 50.00%.

In other Caterpillar news, insider Denise C. Johnson sold 35,051 shares of Caterpillar stock in a transaction on Tuesday, October 2nd. The shares were sold at an average price of $154.18, for a total value of $5,404,163.18. Following the transaction, the insider now owns 22,826 shares in the company, valued at approximately $3,519,312.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Lange Bob De purchased 1,080 shares of the firm’s stock in a transaction on Friday, October 26th. The stock was bought at an average price of $115.58 per share, for a total transaction of $124,826.40. Following the acquisition, the insider now owns 11,310 shares in the company, valued at $1,307,209.80. The disclosure for this purchase can be found here. 0.36% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Jennison Associates LLC boosted its holdings in shares of Caterpillar by 5.4% in the 2nd quarter. Jennison Associates LLC now owns 6,442,611 shares of the industrial products company’s stock valued at $874,069,000 after purchasing an additional 327,470 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Caterpillar by 7.0% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,239,504 shares of the industrial products company’s stock valued at $303,834,000 after purchasing an additional 145,707 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Caterpillar by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,147,234 shares of the industrial products company’s stock valued at $291,325,000 after purchasing an additional 151,960 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Caterpillar by 3.5% in the 2nd quarter. Swiss National Bank now owns 1,976,016 shares of the industrial products company’s stock valued at $268,086,000 after purchasing an additional 67,200 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Caterpillar by 23.6% in the 2nd quarter. Janus Henderson Group PLC now owns 1,957,489 shares of the industrial products company’s stock valued at $265,581,000 after purchasing an additional 374,038 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

Caterpillar Company Profile

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.

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