Bernstein Remains a Hold on Caterpillar (CAT)

In a report released today, Chad Dillard from Bernstein maintained a Hold rating on Caterpillar (CAT – Research Report), with a price target of $304.00. The company’s shares closed yesterday at $345.19.

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According to TipRanks, Dillard is a 4-star analyst with an average return of 6.8% and a 55.77% success rate. Dillard covers the Industrials sector, focusing on stocks such as Eaton, Quanta Services, and Agco.

In addition to Bernstein, Caterpillar also received a Hold from Evercore ISI’s David Raso in a report issued on May 19. However, on May 13, Robert W. Baird upgraded Caterpillar (NYSE: CAT) to a Buy.

The company has a one-year high of $418.50 and a one-year low of $267.30. Currently, Caterpillar has an average volume of 2.95M.

Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CAT in relation to earlier this year. Earlier this month, David Maclennan, a Director at CAT bought 375.00 shares for a total of $120,262.50.