Insider Selling: Caterpillar Inc. (NYSE:CAT) Director Sells 1,300 Shares of Stock

by · The Cerbat Gem

Caterpillar Inc. (NYSE:CAT – Get Free Report) Director Daniel M. Dickinson sold 1,300 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $418.00, for a total transaction of $543,400.00. Following the transaction, the director now owns 4,976 shares of the company’s stock, valued at $2,079,968. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Caterpillar Trading Down 1.6 %

Shares of NYSE CAT traded down $6.53 during midday trading on Thursday, hitting $410.35. 1,250,840 shares of the company traded hands, compared to its average volume of 2,619,573. Caterpillar Inc. has a 12-month low of $233.82 and a 12-month high of $418.50. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. The stock has a 50-day moving average price of $374.93 and a 200 day moving average price of $352.11. The firm has a market cap of $198.98 billion, a P/E ratio of 19.06, a P/E/G ratio of 1.85 and a beta of 1.10.

Caterpillar (NYSE:CAT – Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The company had revenue of $16.11 billion for the quarter, compared to analysts’ expectations of $16.37 billion. During the same quarter in the prior year, the firm earned $5.52 EPS. Caterpillar’s quarterly revenue was down 4.2% compared to the same quarter last year. As a group, analysts expect that Caterpillar Inc. will post 21.77 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, October 21st will be given a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Monday, October 21st. Caterpillar’s dividend payout ratio is currently 26.15%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CAT shares. UBS Group boosted their price target on shares of Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a research report on Monday. Barclays upped their target price on shares of Caterpillar from $315.00 to $335.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 7th. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Morgan Stanley lowered shares of Caterpillar from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $349.00 to $332.00 in a research report on Monday, October 14th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Caterpillar from $435.00 to $500.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $358.19.

Check Out Our Latest Research Report on CAT

Institutional Investors Weigh In On Caterpillar

A number of hedge funds and other institutional investors have recently bought and sold shares of CAT. Bbjs Financial Advisors LLC purchased a new stake in shares of Caterpillar during the second quarter valued at approximately $28,000. Financial Connections Group Inc. purchased a new stake in shares of Caterpillar during the second quarter valued at approximately $28,000. Capital Performance Advisors LLP purchased a new stake in shares of Caterpillar during the third quarter valued at approximately $36,000. Fairscale Capital LLC bought a new position in Caterpillar during the second quarter valued at approximately $36,000. Finally, POM Investment Strategies LLC lifted its position in Caterpillar by 2,160.0% during the second quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 108 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

About Caterpillar

(Get Free Report)

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.

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