DA Davidson Increases Caterpillar (NYSE:CAT) Price Target to $357.00

Caterpillar (NYSE:CAT) had its target price boosted by analysts at DA Davidson from $350.00 to $357.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. DA Davidson’s price objective points to a potential downside of 0.57% from the company’s previous close. DA Davidson also issued estimates for Caterpillar’s Q1 2025 earnings at $4.70 EPS and FY2026 earnings at $23.00 EPS.

A number of other equities analysts have also issued reports on CAT. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. lowered their price target on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Citigroup boosted their price target on shares of Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a report on Friday, January 31st. Jefferies Financial Group boosted their price target on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Morgan Stanley lowered their price target on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Caterpillar has a consensus rating of “Hold” and an average price target of $379.50.

Caterpillar Trading Down 0.8 %

Shares of CAT stock opened at $359.04 on Tuesday. Caterpillar has a 1 year low of $307.05 and a 1 year high of $418.50. The firm’s fifty day simple moving average is $379.09 and its 200 day simple moving average is $371.31. The firm has a market capitalization of $173.35 billion, a P/E ratio of 16.27, a price-to-earnings-growth ratio of 1.95 and a beta of 1.12. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. As a group, sell-side analysts predict that Caterpillar will post 21.45 EPS for the current year.

Insider Buying and Selling

In related news, Director Gerald Johnson purchased 100 shares of Caterpillar stock in a transaction that occurred on Wednesday, December 4th. The shares were acquired at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the transaction, the director now directly owns 2,953 shares in the company, valued at approximately $1,176,977.21. This represents a 3.51 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Anthony D. Fassino sold 6,279 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $408.59, for a total transaction of $2,565,536.61. Following the transaction, the insider now owns 33,565 shares in the company, valued at approximately $13,714,323.35. The trade was a 15.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Halbert Hargrove Global Advisors LLC acquired a new position in Caterpillar during the 4th quarter valued at about $27,000. Noble Wealth Management PBC acquired a new position in Caterpillar during the 4th quarter valued at about $31,000. Retirement Wealth Solutions LLC acquired a new position in Caterpillar during the 4th quarter valued at about $34,000. Capital Performance Advisors LLP acquired a new position in Caterpillar during the 3rd quarter valued at about $36,000. Finally, Albion Financial Group UT lifted its position in Caterpillar by 334.8% during the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 77 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.