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Caterpillar Inc. (NYSE:CAT - Get Rating) has received an average rating of "Moderate Buy" from the seventeen research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $223.38.

Several brokerages recently issued reports on CAT. Daiwa Capital Markets reduced their price target on shares of Caterpillar to $190.00 in a research report on Tuesday, August 9th. StockNews.com upgraded shares of Caterpillar from a "hold" rating to a "buy" rating in a research report on Wednesday, July 20th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Caterpillar from $240.00 to $227.00 and set a "buy" rating on the stock in a research report on Wednesday, July 13th. Robert W. Baird restated an "outperform" rating and set a $280.00 target price on shares of Caterpillar in a research report on Thursday, May 19th. Finally, UBS Group cut their target price on shares of Caterpillar from $250.00 to $225.00 and set a "buy" rating on the stock in a research report on Wednesday, August 3rd.Institutional Trading of Caterpillar

Institutional investors and hedge funds have recently modified their holdings of the stock. Curi Wealth Management LLC increased its stake in Caterpillar by 289.7% during the 2nd quarter. Curi Wealth Management LLC now owns 152 shares of the industrial products company's stock worth $27,000 after purchasing an additional 113 shares in the last quarter. Nauset Wealth Management. LLC bought a new stake in Caterpillar during the 1st quarter worth approximately $29,000. Arcadia Investment Management Corp MI bought a new stake in Caterpillar during the 1st quarter worth approximately $33,000. Castle Wealth Management LLC bought a new stake in Caterpillar during the 2nd quarter worth approximately $33,000. Finally, Investors Research Corp bought a new stake in Caterpillar during the 2nd quarter worth approximately $37,000. 68.80% of the stock is owned by institutional investors. Caterpillar Stock Up 3.5 %

Shares of NYSE:CAT opened at $189.49 on Monday. Caterpillar has a 52 week low of $167.08 and a 52 week high of $237.90. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.90 and a current ratio of 1.45. The company's fifty day moving average is $185.18 and its 200-day moving average is $201.68. The company has a market capitalization of $100.03 billion, a PE ratio of 15.16, a P/E/G ratio of 1.25 and a beta of 1.02.

Caterpillar (NYSE:CAT - Get Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.00 by $0.18. The business had revenue of $14.25 billion for the quarter, compared to the consensus estimate of $14.39 billion. Caterpillar had a net margin of 12.50% and a return on equity of 37.29%. The firm's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.60 EPS. Equities research analysts predict that Caterpillar will post 12.65 earnings per share for the current fiscal year. Caterpillar Company Profile (Get Rating)

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact track and multi-terrain loaders, excavators, motorgraders, pipelayers, road reclaimers, site prep tractors, skid steer loaders, telehandlers, and utility vehicles; mini, small, medium, and large excavators; compact, small, and medium wheel loaders; track-type tractors and loaders; and wheel excavators.Featured ArticlesGet a free copy of the StockNews.com research report on Caterpillar (CAT)Can Electronic Arts Buck the Downturn in Videogaming? Dollar General is the Big Fish in Little Ponds Across the U.S.Here’s Why the CPI Report will Dictate the Market Bottom MarketBeat: Week in Review 9/5 – 9/9Prepare For A Record-Setting Quarter For Cyber Security Stocks

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