Gerald Johnson Buys 100 Shares of Caterpillar Inc. (NYSE:CAT) Stock

Caterpillar Inc. (NYSE:CAT) Director Gerald Johnson purchased 100 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were acquired at an average price of $365.57 per share, with a total value of $36,557.00. Following the completion of the acquisition, the director now owns 3,053 shares in the company, valued at approximately $1,116,085.21. This trade represents a 3.39 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Gerald Johnson also recently made the following trade(s):

• On Wednesday, December 4th, Gerald Johnson acquired 100 shares of Caterpillar stock. The stock was purchased at an average cost of $398.57 per share, with a total value of $39,857.00.

Caterpillar Price Performance

Shares of CAT stock traded down $2.85 during mid-day trading on Wednesday, hitting $359.10. 1,171,709 shares of the stock were exchanged, compared to its average volume of 2,336,798. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The company has a market cap of $173.38 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 1.95 and a beta of 1.12. The firm has a fifty day moving average of $379.09 and a 200 day moving average of $371.31. Caterpillar Inc. has a 52-week low of $307.05 and a 52-week high of $418.50.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. Research analysts anticipate that Caterpillar Inc. will post 21.45 earnings per share for the current year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be paid a $1.41 dividend. This represents a $5.64 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s dividend payout ratio is currently 25.56%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Robert W. Baird increased their price target on Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research report on Thursday, October 31st. Bank of America decreased their price objective on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a report on Friday, January 31st. Morgan Stanley reduced their target price on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. UBS Group upgraded Caterpillar from a “sell” rating to a “neutral” rating and boosted their target price for the company from $355.00 to $385.00 in a research note on Monday. Finally, StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Caterpillar has a consensus rating of “Hold” and an average target price of $379.50.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Retirement Wealth Solutions LLC purchased a new stake in shares of Caterpillar during the fourth quarter worth $34,000. Capital Performance Advisors LLP acquired a new stake in Caterpillar in the third quarter valued at approximately $36,000. Albion Financial Group UT grew its holdings in Caterpillar by 334.8% during the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 77 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Caterpillar in the 4th quarter valued at approximately $36,000. Finally, Kimelman & Baird LLC lifted its position in shares of Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 30 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.