DA Davidson Issues Positive Forecast for Caterpillar (NYSE:CAT) Stock Price

Caterpillar (NYSE:CAT) had its price objective upped by equities research analysts at DA Davidson from $650.00 to $845.00 in a report issued on Monday,MarketScreener reports. The firm currently has a “neutral” rating on the industrial products company’s stock. DA Davidson’s price target points to a potential downside of 4.33% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the stock. Jefferies Financial Group raised their price target on shares of Caterpillar from $900.00 to $1,045.00 and gave the company a “buy” rating in a research note on Friday. Wells Fargo & Company increased their price objective on shares of Caterpillar from $960.00 to $1,050.00 and gave the company an “overweight” rating in a research note on Friday. Citigroup raised their target price on shares of Caterpillar from $905.00 to $1,020.00 and gave the company a “buy” rating in a research report on Friday. JPMorgan Chase & Co. upped their price target on shares of Caterpillar from $860.00 to $1,125.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Bank of America raised their price objective on Caterpillar from $930.00 to $989.00 and gave the company a “buy” rating in a report on Friday. Sixteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Caterpillar currently has a consensus rating of “Moderate Buy” and a consensus price target of $871.18.

Caterpillar Trading Down 0.7%

Shares of CAT opened at $883.26 on Monday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.81 and a current ratio of 1.35. Caterpillar has a 52-week low of $318.11 and a 52-week high of $905.00. The firm has a market cap of $410.97 billion, a price-to-earnings ratio of 44.11, a PEG ratio of 2.04 and a beta of 1.63. The business’s fifty day moving average is $746.86 and its 200-day moving average is $656.99.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 earnings per share for the quarter, beating the consensus estimate of $4.65 by $0.89. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The business had revenue of $17.42 billion for the quarter, compared to analyst estimates of $16.53 billion. During the same period last year, the firm posted $4.25 earnings per share. Caterpillar’s revenue was up 22.2% compared to the same quarter last year. Equities analysts anticipate that Caterpillar will post 23.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other Caterpillar news, CEO Joseph E. Creed sold 2,500 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $718.93, for a total value of $1,797,325.00. Following the sale, the chief executive officer owned 35,083 shares in the company, valued at approximately $25,222,221.19. The trade was a 6.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Anthony D. Fassino sold 7,891 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $776.90, for a total value of $6,130,517.90. Following the transaction, the insider owned 46,643 shares of the company’s stock, valued at $36,236,946.70. This trade represents a 14.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 60,164 shares of company stock valued at $43,748,068 over the last ninety days. 0.33% of the stock is currently owned by corporate insiders.

Institutional Trading of Caterpillar

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CAT. Lam Group Inc. acquired a new stake in shares of Caterpillar during the first quarter worth $26,000. Torren Management LLC acquired a new position in Caterpillar in the fourth quarter valued at $27,000. Frazier Financial Advisors LLC boosted its position in Caterpillar by 220.0% during the fourth quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 33 shares during the last quarter. Cedar Mountain Advisors LLC grew its holdings in Caterpillar by 82.1% during the 1st quarter. Cedar Mountain Advisors LLC now owns 51 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 23 shares during the period. Finally, IFS Advisors LLC acquired a new stake in Caterpillar during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Jefferies raised its price target on CAT to $1,045, signaling strong upside from continued demand and margin durability. Jefferies Increases Caterpillar Price Target
• Positive Sentiment: Bank of America raised its target (recently to $989) and highlighted energy end?market growth as a material upside catalyst for CAT. That prompted fresh buy interest. BofA Raises Caterpillar Price Target
• Positive Sentiment: Several other broker notes (Daiwa, Robert W. Baird, JPMorgan, Wells Fargo, Sanford Bernstein, Citigroup) pushed bullish price?target revisions and “expect rising” commentary, reinforcing momentum from multiple sell?side firms. Analyst Coverage Roundup
• Positive Sentiment: Jim Cramer highlighted CAT as a beneficiary of the massive AI/data?center build?out — investors see sustained demand for power systems, generators and infrastructure equipment tied to servers and facilities. Jim Cramer on Caterpillar and Data Centers
• Neutral Sentiment: Some commentary revived split speculation (CAT has a history of splits), which can boost retail interest if it gains traction — but splits are speculative and not announced. BofA Highlights and Split Mention

Caterpillar Company Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off?highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.