Investors Sell Shares of Caterpillar (CAT) on Strength (CAT)

Investors sold shares of Caterpillar Inc. (NYSE:CAT) on strength during trading hours on Wednesday. $126.15 million flowed into the stock on the tick-up and $181.32 million flowed out of the stock on the tick-down, for a money net flow of $55.17 million out of the stock. Of all equities tracked, Caterpillar had the 0th highest net out-flow for the day. Caterpillar traded up $0.50 for the day and closed at $130.27

Several analysts have recently issued reports on CAT shares. Standpoint Research raised shares of Caterpillar from a “sell” rating to an “accumulate” rating and set a $117.85 price target on the stock in a research report on Wednesday, December 26th. JPMorgan Chase & Co. set a $188.00 price target on shares of Caterpillar and gave the company a “buy” rating in a research note on Tuesday, October 23rd. Deutsche Bank set a $177.00 price target on shares of Caterpillar and gave the company a “buy” rating in a research note on Wednesday, October 24th. Wells Fargo & Co set a $145.00 price target on shares of Caterpillar and gave the company a “buy” rating in a research note on Wednesday, October 24th. Finally, Robert W. Baird set a $171.00 price target on shares of Caterpillar and gave the company a “buy” rating in a research note on Wednesday, October 24th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $157.19.

The company has a current ratio of 1.48, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $76.87 billion, a PE ratio of 19.12, a P/E/G ratio of 0.56 and a beta of 1.46.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, October 23rd. The industrial products company reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.03. Caterpillar had a net margin of 7.13% and a return on equity of 44.13%. The firm had revenue of $13.51 billion for the quarter, compared to analyst estimates of $13.28 billion. During the same period last year, the firm posted $1.95 EPS. Caterpillar’s quarterly revenue was up 18.4% on a year-over-year basis. Analysts forecast that Caterpillar Inc. will post 11.64 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 20th. Investors of record on Tuesday, January 22nd will be given a $0.86 dividend. The ex-dividend date is Friday, January 18th. This represents a $3.44 dividend on an annualized basis and a yield of 2.61%. Caterpillar’s dividend payout ratio (DPR) is 50.00%.

In other news, insider Lange Bob De acquired 1,080 shares of the stock in a transaction that occurred on Friday, October 26th. The shares were purchased at an average cost of $115.58 per share, for a total transaction of $124,826.40. Following the transaction, the insider now directly owns 11,310 shares in the company, valued at approximately $1,307,209.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.36% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Grassi Investment Management raised its stake in shares of Caterpillar by 14.9% during the 4th quarter. Grassi Investment Management now owns 63,300 shares of the industrial products company’s stock worth $8,044,000 after buying an additional 8,200 shares during the last quarter. Atalanta Sosnoff Capital LLC purchased a new stake in Caterpillar during the 4th quarter worth about $361,000. Highwater Wealth Management LLC purchased a new stake in Caterpillar during the 4th quarter worth about $105,000. Private Asset Management Inc. purchased a new stake in Caterpillar during the 4th quarter worth about $1,001,000. Finally, Cumberland Advisors Inc. purchased a new stake in Caterpillar during the 4th quarter worth about $451,000. 66.73% of the stock is owned by institutional investors and hedge funds.

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About Caterpillar (NYSE:CAT)

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.

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