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Caterpillar (NYSE:CAT - Get Rating) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Wednesday.

Several other research firms have also issued reports on CAT. Credit Suisse Group set a $226.00 target price on Caterpillar in a report on Tuesday. Deutsche Bank Aktiengesellschaft reduced their price target on Caterpillar from $240.00 to $227.00 and set a "buy" rating on the stock in a research report on Wednesday, July 13th. Tigress Financial raised their target price on Caterpillar from $278.00 to $282.00 and gave the company a "buy" rating in a report on Friday, May 20th. Citigroup reduced their target price on Caterpillar from $225.00 to $190.00 in a report on Thursday, July 7th. Finally, Cowen cut their price objective on Caterpillar from $255.00 to $225.00 and set an "outperform" rating on the stock in a report on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $231.00.Caterpillar Price Performance

Shares of CAT stock opened at $179.49 on Wednesday. The stock's fifty day simple moving average is $197.48 and its 200 day simple moving average is $207.20. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.44 and a quick ratio of 0.93. Caterpillar has a one year low of $167.08 and a one year high of $237.90. The firm has a market cap of $95.73 billion, a price-to-earnings ratio of 15.05, a P/E/G ratio of 1.14 and a beta of 1.00.

Caterpillar (NYSE:CAT - Get Rating) last released its earnings results on Thursday, April 28th. The industrial products company reported $2.88 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.22. The company had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.49 billion. Caterpillar had a return on equity of 35.10% and a net margin of 12.33%. The firm's quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.87 earnings per share. On average, analysts expect that Caterpillar will post 12.62 earnings per share for the current fiscal year. Insider Transactions at Caterpillar

In other news, Director David Maclennan acquired 600 shares of the firm's stock in a transaction dated Thursday, May 5th. The shares were purchased at an average cost of $219.82 per share, for a total transaction of $131,892.00. Following the transaction, the director now directly owns 2,480 shares of the company's stock, valued at $545,153.60. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Joseph E. Creed sold 2,757 shares of the business's stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $214.13, for a total value of $590,356.41. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David Maclennan purchased 600 shares of the company's stock in a transaction that occurred on Thursday, May 5th. The shares were purchased at an average cost of $219.82 per share, with a total value of $131,892.00. Following the completion of the purchase, the director now owns 2,480 shares in the company, valued at approximately $545,153.60. The disclosure for this purchase can be found here. Corporate insiders own 0.27% of the company's stock. Institutional Investors Weigh In On Caterpillar

Several large investors have recently added to or reduced their stakes in the stock. Crewe Advisors LLC raised its stake in shares of Caterpillar by 322.6% during the 4th quarter. Crewe Advisors LLC now owns 131 shares of the industrial products company's stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Nauset Wealth Management. LLC purchased a new stake in Caterpillar during the first quarter worth $29,000. Arcadia Investment Management Corp MI purchased a new stake in Caterpillar during the first quarter worth $33,000. Sierra Capital LLC acquired a new position in Caterpillar during the fourth quarter worth $38,000. Finally, IMA Wealth Inc. acquired a new position in Caterpillar during the fourth quarter worth $41,000. 67.44% of the stock is owned by hedge funds and other institutional investors. 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.See AlsoGet a free copy of the StockNews.com research report on Caterpillar (CAT)Is There Finally Green Ahead for These 2 Cannabis Leaders?Ford Races Higher: Has The Stock Finally Bottomed? These Consumer Stocks Will Thrive And Here’s Why A Dose of AbbVie Stock Can Help Your Bear Market Portfolio PayPal Stock is Attempting to Put in the Floor

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