UBS Group set a $180.00 price objective on Caterpillar (NYSE:CAT) in a research note issued to investors on Friday, thefly.com reports. The brokerage currently has a buy rating on the industrial products company’s stock. The analysts noted that the move was a valuation call.
Several other research analysts also recently commented on the company. Vetr downgraded Caterpillar from a sell rating to a strong sell rating and set a $141.37 target price on the stock. in a report on Thursday. BMO Capital Markets reissued a buy rating and issued a $195.00 target price (up from $165.00) on shares of Caterpillar in a report on Thursday. ValuEngine raised Caterpillar from a hold rating to a buy rating in a report on Sunday, December 31st. Citigroup upped their price objective on Caterpillar from $145.00 to $160.00 and gave the stock a neutral rating in a report on Thursday, December 21st. Finally, OTR Global downgraded Caterpillar to a positive rating in a report on Monday, December 18th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $145.87.
Shares of Caterpillar (NYSE:CAT) traded up $4.27 on Friday, hitting $166.23. The stock had a trading volume of 4,936,524 shares, compared to its average volume of 4,516,325. The firm has a market cap of $98,960.00, a P/E ratio of 115.44, a P/E/G ratio of 2.01 and a beta of 1.29. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 1.58. Caterpillar has a fifty-two week low of $90.34 and a fifty-two week high of $162.05.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, January 22nd will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Friday, January 19th. Caterpillar’s dividend payout ratio is currently 216.67%.
In related news, insider Bradley M. Halverson sold 2,600 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $137.67, for a total value of $357,942.00. Following the completion of the sale, the insider now owns 5,214 shares in the company, valued at approximately $717,811.38. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Thomas A. Pellette sold 24,547 shares of the company’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. In the last 90 days, insiders sold 52,989 shares of company stock valued at $7,235,850. 0.14% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Beach Investment Management LLC. acquired a new position in Caterpillar in the 2nd quarter worth $231,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Caterpillar by 9.8% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,071 shares of the industrial products company’s stock worth $5,995,000 after purchasing an additional 4,291 shares during the period. Wealthsource Partners LLC acquired a new position in Caterpillar in the 2nd quarter worth $316,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in Caterpillar by 18.5% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 152,100 shares of the industrial products company’s stock worth $18,979,000 after purchasing an additional 23,749 shares during the period. Finally, FMR LLC boosted its stake in Caterpillar by 11.7% in the 2nd quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock worth $2,107,684,000 after purchasing an additional 2,052,300 shares during the period. Institutional investors and hedge funds own 68.54% of the company’s stock.
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