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Caterpillar Inc. (NYSE:CAT - Get Rating) - Analysts at Zacks Research decreased their Q3 2022 earnings per share estimates for shares of Caterpillar in a research report issued on Monday, September 19th. Zacks Research analyst M. Das now anticipates that the industrial products company will post earnings per share of $3.23 for the quarter, down from their previous forecast of $3.27. The consensus estimate for Caterpillar's current full-year earnings is $12.65 per share. Zacks Research also issued estimates for Caterpillar's Q4 2022 earnings at $3.37 EPS, FY2022 earnings at $12.66 EPS, Q1 2023 earnings at $3.16 EPS, Q2 2023 earnings at $3.32 EPS, Q3 2023 earnings at $3.64 EPS, Q4 2023 earnings at $3.87 EPS, FY2023 earnings at $14.00 EPS, Q1 2024 earnings at $3.27 EPS, Q2 2024 earnings at $3.43 EPS and FY2024 earnings at $14.16 EPS.

Several other analysts have also recently commented on CAT. Deutsche Bank Aktiengesellschaft lowered their target price on Caterpillar from $240.00 to $227.00 and set a "buy" rating on the stock in a research report on Wednesday, July 13th. Citigroup lifted their price target on Caterpillar to $195.00 in a research report on Monday, August 15th. Morgan Stanley lowered their price target on Caterpillar from $161.00 to $142.00 and set an "underweight" rating on the stock in a research report on Monday, July 18th. Cowen lowered their price target on Caterpillar from $255.00 to $225.00 and set an "outperform" rating on the stock in a research report on Thursday, July 7th. Finally, UBS Group lowered their price target on Caterpillar from $250.00 to $225.00 and set a "buy" rating on the stock in a research report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Caterpillar has an average rating of "Moderate Buy" and a consensus target price of $223.38.Caterpillar Stock Down 2.3 %

CAT opened at $177.99 on Wednesday. Caterpillar has a 12 month low of $167.08 and a 12 month high of $237.90. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.45 and a quick ratio of 0.90. The stock has a market cap of $93.96 billion, a P/E ratio of 14.24, a P/E/G ratio of 1.18 and a beta of 1.02. The stock's 50 day moving average price is $186.11 and its 200 day moving average price is $201.43.

Caterpillar (NYSE:CAT - Get Rating) last posted its earnings results on Tuesday, August 2nd. The industrial products company reported $3.18 EPS for the quarter, beating the consensus estimate of $3.00 by $0.18. Caterpillar had a return on equity of 37.29% and a net margin of 12.50%. The firm had revenue of $14.25 billion for the quarter, compared to analysts' expectations of $14.39 billion. During the same period last year, the firm earned $2.60 EPS. The firm's revenue was up 10.5% compared to the same quarter last year. Hedge Funds Weigh In On Caterpillar

A number of hedge funds have recently modified their holdings of the stock. Curi Wealth Management LLC boosted its position in shares of Caterpillar by 289.7% in the second quarter. Curi Wealth Management LLC now owns 152 shares of the industrial products company's stock worth $27,000 after buying an additional 113 shares during the period. Nauset Wealth Management. LLC acquired a new stake in shares of Caterpillar in the first quarter worth $29,000. Arcadia Investment Management Corp MI acquired a new stake in shares of Caterpillar in the first quarter worth $33,000. Castle Wealth Management LLC acquired a new stake in shares of Caterpillar in the second quarter worth $33,000. Finally, Investors Research Corp acquired a new stake in shares of Caterpillar in the second quarter worth $37,000. 68.80% of the stock is currently owned by institutional investors and hedge funds. Caterpillar Company Profile (Get Rating)

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact track and multi-terrain loaders, excavators, motorgraders, pipelayers, road reclaimers, site prep tractors, skid steer loaders, telehandlers, and utility vehicles; mini, small, medium, and large excavators; compact, small, and medium wheel loaders; track-type tractors and loaders; and wheel excavators.Further ReadingGet a free copy of the StockNews.com research report on Caterpillar (CAT)3 Airline Stocks Stuck in a Holding PatternRoku Stock is Down but Not Out Is Ford Rolling To A Rebound After Its Q3 Warning If You’re Hungry for Value, Take a Bite on Ruth's Hospitality GrpHas AMD stock stock fallen too far?

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