TheStreet Downgrades Caterpillar (CAT) to C+

Caterpillar (NYSE:CAT) was downgraded by stock analysts at TheStreet from a “b” rating to a “c+” rating in a research report issued to clients and investors on Thursday.

Several other research firms have also recently commented on CAT. Barclays set a $180.00 target price on Caterpillar and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Bank of America upped their price objective on Caterpillar from $189.00 to $192.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Credit Suisse Group reiterated an “outperform” rating and set a $146.00 price objective (up previously from $133.00) on shares of Caterpillar in a research note on Wednesday, October 18th. Wells Fargo & Co upped their price objective on Caterpillar from $160.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, January 18th. Finally, Vetr upgraded Caterpillar from a “strong sell” rating to a “sell” rating and set a $151.72 price objective on the stock in a research note on Monday, January 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $167.80.

Shares of Caterpillar (NYSE:CAT) opened at $149.21 on Thursday. The company has a market capitalization of $90,730.00, a P/E ratio of 118.42, a price-to-earnings-growth ratio of 1.56 and a beta of 1.22. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.35 and a quick ratio of 0.97. Caterpillar has a 12 month low of $90.34 and a 12 month high of $173.24.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, January 25th. The industrial products company reported $2.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.39. The firm had revenue of $12.90 billion for the quarter, compared to analysts’ expectations of $12.01 billion. Caterpillar had a return on equity of 28.69% and a net margin of 1.66%. The business’s quarterly revenue was up 34.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 EPS. equities research analysts expect that Caterpillar will post 9.05 earnings per share for the current fiscal year.

In related news, insider Jananne A. Copeland sold 3,247 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $136.95, for a total value of $444,676.65. Following the sale, the insider now owns 8,908 shares in the company, valued at approximately $1,219,950.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thomas A. Pellette sold 24,547 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $135.69, for a total value of $3,330,782.43. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,331 shares of company stock worth $22,107,578. 0.14% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jennison Associates LLC grew its holdings in Caterpillar by 126.5% in the 4th quarter. Jennison Associates LLC now owns 5,951,370 shares of the industrial products company’s stock valued at $937,817,000 after buying an additional 3,324,051 shares in the last quarter. Vanguard Group Inc. grew its holdings in Caterpillar by 6.1% in the 2nd quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock valued at $4,430,058,000 after buying an additional 2,377,623 shares in the last quarter. BlackRock Inc. grew its holdings in Caterpillar by 6.5% in the 4th quarter. BlackRock Inc. now owns 37,565,629 shares of the industrial products company’s stock valued at $5,919,590,000 after buying an additional 2,297,750 shares in the last quarter. FMR LLC grew its holdings in Caterpillar by 11.7% in the 2nd quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock valued at $2,107,684,000 after buying an additional 2,052,300 shares in the last quarter. Finally, Balyasny Asset Management LLC grew its holdings in Caterpillar by 663.8% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,032,853 shares of the industrial products company’s stock valued at $110,990,000 after buying an additional 1,216,053 shares in the last quarter. Institutional investors and hedge funds own 69.25% of the company’s stock.

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About Caterpillar

Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.

Analyst Recommendations for Caterpillar (NYSE:CAT)

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