Caterpillar (NYSE:CAT) Price Target Cut to $685.00 by Analysts at DA Davidson

Caterpillar (NYSE:CAT) had its target price cut by research analysts at DA Davidson from $882.00 to $685.00 in a report issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. DA Davidson‘s price target would suggest a potential upside of 10.00% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Robert W. Baird set a $970.00 target price on shares of Caterpillar in a report on Wednesday, August 5th. Wall Street Zen cut Caterpillar from a “buy” rating to a “hold” rating in a research note on Saturday. UBS Group reduced their price target on Caterpillar from $925.00 to $750.00 and set a “neutral” rating on the stock in a report on Monday, October 26th. Erste Group Bank cut Caterpillar from a “buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $1,009.00 price objective on shares of Caterpillar in a research report on Thursday. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $905.75.

Caterpillar Stock Down 0.0%

NYSE CAT opened at $622.73 on Monday. Caterpillar has a 52 week low of $537.08 and a 52 week high of $1,073.46. The company has a quick ratio of 0.88, a current ratio of 1.42 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $286.25 billion, a P/E ratio of 24.43, a price-to-earnings-growth ratio of 1.07 and a beta of 1.65. The stock’s 50-day moving average price is $783.25 and its 200-day moving average price is $807.52.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, October 29th. The industrial products company reported $7.20 earnings per share for the quarter, topping analysts’ consensus estimates of $7.06 by $0.14. Caterpillar had a return on equity of 59.87% and a net margin of 15.21%. The firm had revenue of $20.68 billion during the quarter, compared to analyst estimates of $20.76 billion. During the same quarter in the prior year, the company posted $4.95 earnings per share. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. On average, equities research analysts predict that Caterpillar will post 27.75 earnings per share for the current year.

Insider Activity

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the transaction, the chief executive officer owned 34,555 shares in the company, valued at approximately $27,954,303.90. This represents a 48.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.33% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Pathway Financial Advisers LLC boosted its holdings in Caterpillar by 10.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 276 shares of the industrial products company’s stock worth $224,000 after buying an additional 26 shares during the last quarter. Boston Trust Walden Corp raised its holdings in shares of Caterpillar by 2.5% during the third quarter. Boston Trust Walden Corp now owns 1,113 shares of the industrial products company’s stock valued at $902,000 after acquiring an additional 27 shares during the last quarter. DeLarme Wealth Management Inc. purchased a new position in shares of Caterpillar in the third quarter valued at approximately $375,000. Gordian Advisors LLC lifted its position in shares of Caterpillar by 6.2% in the third quarter. Gordian Advisors LLC now owns 447 shares of the industrial products company’s stock valued at $362,000 after acquiring an additional 26 shares in the last quarter. Finally, Sound Financial Strategies Group LLC boosted its stake in shares of Caterpillar by 37.7% in the third quarter. Sound Financial Strategies Group LLC now owns 745 shares of the industrial products company’s stock worth $604,000 after acquiring an additional 204 shares during the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar’s third-quarter revenue increased 17.3% year over year to $20.68 billion, while adjusted earnings of $7.20 per share exceeded consensus by $0.14. The results reinforce the company’s earnings momentum. CAT Q3 deep dive: capacity expansion and backlog growth shape outlook amid market caution
• Positive Sentiment: Third-quarter order backlog reached a record $78 billion, extending delivery timelines well into the next decade. Power-generation sales to end users rose 75%, helped by demand from data centers, supporting Caterpillar’s longer-term growth outlook. Caterpillar: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Truist reiterated a “Buy” rating. A separate global-bank analysis argued that the market may be overlooking Caterpillar’s backlog and secular data-center power demand, with substantial upside possible if execution remains strong. Caterpillar Crashed By 25% Over 6 Months But This Global Banking Giant Says 85% Gains Will Come
• Neutral Sentiment: Truist reduced its price target to $1,027 from $1,100 while retaining its Buy rating. The lower target reflects greater caution but still implies significant potential appreciation from recent trading levels. Could Caterpillar Actually Climb 65% After Its Earnings Slide? Or Is Truist Totally Wrong?
• Negative Sentiment: Royal Bank of Canada and Citigroup trimmed their Caterpillar price targets, adding to investor concerns that valuation, cyclical demand and execution risks may limit near-term gains. RBC price target reduction Citi price target trim
• Negative Sentiment: Morgan Stanley and JPMorgan issued pessimistic forecasts, while an analyst downgrade recently sent CAT shares lower. The cluster of cautious calls is likely weighing on the stock despite the earnings beat. Morgan Stanley forecast JPMorgan forecast

About Caterpillar

Caterpillar Inc is a manufacturer of construction, mining, and industrial equipment. Its product portfolio includes excavators, bulldozers, wheel loaders, motor graders, articulated trucks, and other machinery used in construction, infrastructure development, mining, quarrying, forestry, and related industries. The company also produces diesel and natural gas engines, industrial gas turbines, generator sets, and other power-generation and transportation equipment.

Caterpillar operates through businesses focused on construction industries, resource industries, and energy and transportation.