Caterpillar Inc. (NYSE:CAT) insider Suzette M. Long sold 13,859 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $114.30, for a total transaction of $1,584,083.70. Following the transaction, the insider now owns 18,188 shares in the company, valued at approximately $2,078,888.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Caterpillar Inc. (NYSE:CAT) traded up 0.31% during midday trading on Monday, reaching $114.71. 2,269,274 shares of the company’s stock traded hands. The stock has a 50-day moving average of $107.93 and a 200 day moving average of $100.19. Caterpillar Inc. has a 52-week low of $79.93 and a 52-week high of $114.99. The company has a market cap of $67.70 billion, a P/E ratio of 640.84 and a beta of 1.25.

Caterpillar (NYSE:CAT) last posted its earnings results on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.23. The firm had revenue of $11.33 billion during the quarter, compared to analysts’ expectations of $10.96 billion. Caterpillar had a net margin of 7.04% and a return on equity of 23.31%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 earnings per share. On average, analysts anticipate that Caterpillar Inc. will post $5.18 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, August 19th. Stockholders of record on Thursday, July 20th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, July 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.72%. This is a boost from Caterpillar’s previous quarterly dividend of $0.77. Caterpillar’s dividend payout ratio is 2,080.00%.

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Several brokerages have recently commented on CAT. Atlantic Securities upgraded shares of Caterpillar from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $85.00 to $115.00 in a research note on Thursday. Argus restated a “buy” rating and set a $113.10 price target (down previously from $130.00) on shares of Caterpillar in a research note on Wednesday, August 2nd. Tigress Financial upgraded shares of Caterpillar from a “neutral” rating to a “buy” rating in a research note on Monday, July 31st. Stifel Nicolaus restated a “hold” rating and set a $125.00 price target on shares of Caterpillar in a research note on Sunday, July 30th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $135.00 target price (up from $120.00) on shares of Caterpillar in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Caterpillar has a consensus rating of “Hold” and an average target price of $106.56.

Several hedge funds and other institutional investors have recently bought and sold shares of CAT. Murphy Capital Management Inc. boosted its position in Caterpillar by 3.5% in the first quarter. Murphy Capital Management Inc. now owns 13,877 shares of the industrial products company’s stock worth $1,287,000 after buying an additional 465 shares during the period. Pennsylvania Trust Co boosted its position in Caterpillar by 7.4% in the first quarter. Pennsylvania Trust Co now owns 15,287 shares of the industrial products company’s stock worth $1,418,000 after buying an additional 1,050 shares during the period. Univest Corp of Pennsylvania boosted its position in Caterpillar by 3.8% in the first quarter. Univest Corp of Pennsylvania now owns 4,744 shares of the industrial products company’s stock worth $440,000 after buying an additional 172 shares during the period. Stillwater Investment Management LLC boosted its position in Caterpillar by 0.8% in the first quarter. Stillwater Investment Management LLC now owns 17,040 shares of the industrial products company’s stock worth $1,581,000 after buying an additional 128 shares during the period. Finally, LVM Capital Management Ltd. MI boosted its position in Caterpillar by 6.4% in the first quarter. LVM Capital Management Ltd. MI now owns 2,500 shares of the industrial products company’s stock worth $232,000 after buying an additional 150 shares during the period. 70.53% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Company Profile

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