Fintel reports that on August 2, 2023, Baird preserved protection of Caterpillar (NYSE:CAT) with a Underperform suggestion.
Analyst Price Forecast Suggests 7.16% Downside
As of July 6, 2023, the typical 1 year cost target for Caterpillar is 246.17. The projections vary from a low of 176.75 to a high of $315.00. The typical cost target represents a reduction of 7.16% from its latest reported closing cost of 265.17.
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The forecasted yearly profits for Caterpillar is 62,487MM, a reduction of 3.53%. The forecasted yearly non-GAAP EPS is 15.19.
What is the Fund Sentiment?
There are 3285 funds or organizations reporting positions in Caterpillar. This is a boost of 55 owner(s) or 1.70% in the last quarter. Average portfolio weight of all funds committed to CAT is 0.40%, a boost of 0.52%. Total shares owned by organizations reduced in the last 3 months by 1.86% to 403,632K shares. 
What are Other Shareholders Doing?
Capital World Investors holds 28,780K shares representing 5.58% ownership of the business. In it’s previous filing, the company reported owning 29,091K shares, representing a reduction of 1.08%. The company reduced its portfolio allowance in CAT by 8.37% over the last quarter.
State Farm Mutual Automobile Insurance holds 17,761K shares representing 3.45% ownership of the business. No modification in the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 15,986K shares representing 3.10% ownership of the business. In it’s previous filing, the company reported owning 15,820K shares, representing a boost of 1.04%. The company reduced its portfolio allowance in CAT by 10.87% over the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares holds 12,143K shares representing 2.36% ownership of the business. In it’s previous filing, the company reported owning 12,030K shares, representing a boost of 0.93%. The company reduced its portfolio allowance in CAT by 10.58% over the last quarter.
Geode Capital Management holds 9,376K shares representing 1.82% ownership of the business. In it’s previous filing, the company reported owning 9,131K shares, representing a boost of 2.61%. The company reduced its portfolio allowance in CAT by 9.28% over the last quarter.
Caterpillar Background Information
(This description is offered by the business.)
Since 1925, Caterpillar Inc. has actually been assisting our clients build a much better world – making sustainable development possible and driving positive modification on every continent. With 2019 sales and incomes of $53.8 billion, Caterpillar is the world’s leading producer of building and construction and mining equipment, diesel and gas engines, commercial gas turbines and diesel-electric engines. Services provided throughout the item life process, innovative innovation and years of item knowledge set Caterpillar apart, offering extraordinary worth to help our clients be successful. The business primarily runs through 3 main sections – Construction Industries, Resource Industries and Energy & Transportation – and supplies funding and associated services through its Financial Products sector.
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This story initially appeared on Fintel.
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