Caterpillar Inc. (NYSE:CAT) insider Denise C. Johnson sold 4,172 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $146.67, for a total transaction of $611,907.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of NYSE:CAT traded up $2.26 during mid-day trading on Thursday, reaching $147.75. 760,188 shares of the company were exchanged, compared to its average volume of 4,803,837. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.44 and a quick ratio of 0.99. The firm has a market cap of $81.20 billion, a price-to-earnings ratio of 13.17, a P/E/G ratio of 1.54 and a beta of 1.53. The firm’s 50-day simple moving average is $130.98 and its 200 day simple moving average is $129.04. Caterpillar Inc. has a 1 year low of $111.75 and a 1 year high of $148.00.
Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $2.66 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.82 by ($0.16). The company had revenue of $12.76 billion for the quarter, compared to analysts’ expectations of $13.49 billion. Caterpillar had a return on equity of 42.51% and a net margin of 10.99%. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.86 EPS. On average, research analysts forecast that Caterpillar Inc. will post 10.89 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, October 21st will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.79%. Caterpillar’s payout ratio is currently 36.72%.
Several research analysts recently weighed in on CAT shares. Bank of America upped their price target on shares of Caterpillar from $154.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday. Credit Suisse Group reiterated a “buy” rating and issued a $150.00 price objective on shares of Caterpillar in a report on Thursday, October 24th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $155.00 price objective on shares of Caterpillar in a report on Wednesday, October 23rd. Buckingham Research downgraded shares of Caterpillar from a “buy” rating to a “neutral” rating and cut their price objective for the company from $162.00 to $140.00 in a report on Thursday, July 25th. Finally, UBS Group cut their price objective on shares of Caterpillar to $110.00 and set a “sell” rating for the company in a report on Thursday, October 24th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $137.23.
Large investors have recently bought and sold shares of the stock. Morgan Stanley boosted its position in shares of Caterpillar by 4.2% during the 2nd quarter. Morgan Stanley now owns 4,367,073 shares of the industrial products company’s stock worth $595,189,000 after purchasing an additional 174,165 shares during the period. Manning & Napier Group LLC boosted its position in Caterpillar by 30.4% in the 2nd quarter. Manning & Napier Group LLC now owns 152,404 shares of the industrial products company’s stock valued at $20,770,000 after buying an additional 35,530 shares during the period. Atalanta Sosnoff Capital LLC boosted its position in Caterpillar by 3.6% in the 2nd quarter. Atalanta Sosnoff Capital LLC now owns 3,487 shares of the industrial products company’s stock valued at $475,000 after buying an additional 120 shares during the period. Krueger & Catalano Capital Partners LLC boosted its position in Caterpillar by 6.4% in the 2nd quarter. Krueger & Catalano Capital Partners LLC now owns 4,892 shares of the industrial products company’s stock valued at $667,000 after buying an additional 293 shares during the period. Finally, Cahill Financial Advisors Inc. lifted its position in shares of Caterpillar by 2.7% during the 2nd quarter. Cahill Financial Advisors Inc. now owns 8,240 shares of the industrial products company’s stock worth $1,124,000 after purchasing an additional 218 shares during the last quarter. 65.74% of the stock is owned by hedge funds and other institutional investors.
Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.
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