Fintel reports that on July 18, 2023, Citigroup maintained protection of Caterpillar (NYSE:CAT) with a Neutral suggestion.
Analyst Price Forecast Suggests 4.38% Downside
As of July 6, 2023, the typical 1 year price 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 decline of 4.38% from its latest reported closing cost of 257.46.
See our leaderboard of companies with the biggest cost target upside.
The forecasted yearly earnings for Caterpillar is 62,487MM, a boost of 1.28%. The forecasted yearly non-GAAP EPS is 15.19.
What is the Fund Sentiment?
There are 3273 funds or institutions reporting positions in Caterpillar. This is a boost of 55 owner(s) or 1.71% in the last quarter. Average portfolio weight of all funds devoted to CAT is 0.40%, a boost of 5.97%. Total shares owned by organizations increased in the last 3 months by 4.94% to 432,031K 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 decline of 1.08%. The company reduced its portfolio allowance in CAT by 8.37% over the last quarter.
Ofi Invest Asset Management holds 28,287K shares representing 5.49% ownership of the business.
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.
Caterpillar Background Information
(This description is supplied by the business.)
Since 1925, Caterpillar Inc. has actually been assisting our consumers build a much better world – making sustainable development possible and driving positive modification on every continent. With 2019 sales and earnings of $53.8 billion, Caterpillar is the world’s leading maker of building and mining equipment, diesel and gas engines, commercial gas turbines and diesel-electric engines. Services used throughout the item life process, advanced innovation and years of item know-how set Caterpillar apart, supplying remarkable worth to help our consumers prosper. The business mainly 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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