Caterpillar (NYSE:CAT) Is Now Covered By Oppenheimer. What’s Next?

September 8, 2018 - By Megan Stone

Caterpillar Inc. (NYSE:CAT) Logo

Investors sentiment decreased to 0.95 in Q1 2018. Its down 0.18, from 1.13 in 2017Q4. It dived, as 72 investors sold Caterpillar Inc. shares while 456 reduced holdings. 142 funds opened positions while 358 raised stakes. 390.42 million shares or 3.01% less from 402.55 million shares in 2017Q4 were reported.

Capstone Advsr owns 1,497 shares for 0.07% of their portfolio. New York-based J Goldman & Communications Limited Partnership has invested 0.09% in Caterpillar Inc. (NYSE:CAT). Cedar Hill Limited Liability accumulated 7,714 shares or 0.23% of the stock. Barbara Oil stated it has 1.2% of its portfolio in Caterpillar Inc. (NYSE:CAT). 2,199 were accumulated by Bailard. C M Bidwell & Assoc stated it has 0.42% in Caterpillar Inc. (NYSE:CAT). 4,800 were reported by Taylor Asset Mgmt. Public Employees Retirement Association Of Colorado holds 105,527 shares. Dynamic Advisor Solutions Ltd Llc, Arizona-based fund reported 1,698 shares. Clearbridge Invests Limited accumulated 2.12M shares or 0.29% of the stock. Da Davidson has invested 0.13% in Caterpillar Inc. (NYSE:CAT). Rothschild Asset Mngmt invested in 0.32% or 193,202 shares. Albion Financial Gru Ut holds 0.04% or 1,700 shares in its portfolio. Glenview Comml Bank Tru Dept accumulated 51,585 shares or 3.58% of the stock. Assetmark Incorporated reported 0.01% of its portfolio in Caterpillar Inc. (NYSE:CAT).

Since May 7, 2018, it had 1 buy, and 2 selling transactions for $8.11 million activity. CALHOUN DAVID L bought 5,000 shares worth $776,850. Shares for $705,496 were sold by Creed Joseph E on Friday, May 11.

How Oppenheimer Currently Rates Caterpillar (NYSE:CAT)

In an analyst note issued to clients and investors on 7 September, expert analysts at Oppenheimer began coverage on Caterpillar (NYSE:CAT) shares. The financial company issued a key “Perform” rating for CAT stock.

Caterpillar Inc. (NYSE:CAT) Ratings Coverage

Among 18 analysts covering Caterpillar (NYSE:CAT), 11 have Buy rating, 0 Sell and 7 Hold. Therefore 61% are positive. Caterpillar has $187 highest and $155 lowest target. $174.14’s average target is 23.22% above currents $141.32 stock price. Caterpillar had 23 analyst reports since April 5, 2018 according to SRatingsIntel. The stock of Caterpillar Inc. (NYSE:CAT) earned “Hold” rating by Stifel Nicolaus on Tuesday, August 7. The company was maintained on Tuesday, April 24 by Robert W. Baird. The firm has “Hold” rating by Stifel Nicolaus given on Monday, May 14. As per Thursday, May 3, the company rating was downgraded by Bank of America. The stock has “Neutral” rating by Daiwa Securities on Wednesday, April 25. The rating was maintained by UBS with “Buy” on Thursday, June 14. The stock has “Outperform” rating by BMO Capital Markets on Tuesday, July 31. Citigroup upgraded Caterpillar Inc. (NYSE:CAT) on Monday, April 23 to “Buy” rating. The rating was maintained by Argus Research with “Buy” on Monday, August 13. Morgan Stanley maintained the shares of CAT in report on Tuesday, July 31 with “Overweight” rating.

The stock decreased 0.18% or $0.25 during the last trading session, reaching $141.32. About 4.17M shares traded. Caterpillar Inc. (NYSE:CAT) has risen 48.40% since September 8, 2017 and is uptrending. It has outperformed by 35.83% the S&P500.

Analysts await Caterpillar Inc. (NYSE:CAT) to report earnings on October, 23. They expect $2.76 EPS, up 41.54 % or $0.81 from last year’s $1.95 per share. CAT’s profit will be $1.64 billion for 12.80 P/E if the $2.76 EPS becomes a reality. After $2.97 actual EPS reported by Caterpillar Inc. for the previous quarter, Wall Street now forecasts -7.07 % negative EPS growth.

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for heavy and general construction, rental, quarry, aggregate, mining, waste, material handling, gas and oil, power generation, marine, rail, and industrial markets. The company has market cap of $83.99 billion. The Company’s Construction Industries segment offers backhoe, compact, track-type, small and medium wheel, knuckleboom, and skid steer loaders; small and medium track-type, and site prep tractors; mini, wheel, forestry, small, medium, and large track excavators; and motorgraders, pipelayers, telehandlers, cold planers, asphalt pavers, compactors, road reclaimers, and wheel and track skidders and feller bunchers. It has a 27.3 P/E ratio. The companyÂ’s Resource Industries segment provides electric rope and hydraulic shovel, landfill and soil compactor, dragline, large wheel loader, machinery component, track and rotary drill, electronics and control system, work tool, hard rock vehicle and continuous mining system, scoop and hauler, wheel tractor scraper, large track-type tractor, and wheel dozer products; longwall, highwall, and continuous miners; and mining, off-highway, and articulated trucks.

More recent Caterpillar Inc. (NYSE:CAT) news were published by: 247Wallst.com which released: “Caterpillar Takes Over as Dow’s Poorest Performing Stock” on September 01, 2018. Also Seekingalpha.com published the news titled: “It’s A Dollar-Based Boom Shortage More Than Anything” on September 07, 2018. Seekingalpha.com‘s news article titled: “Lanny’s August Dividend Income Summary” with publication date: September 07, 2018 was also an interesting one.

Caterpillar Inc. (NYSE:CAT) Institutional Positions Chart

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