Investors sold shares of Caterpillar, Inc. (NYSE:CAT) on strength during trading hours on Tuesday. $26.28 million flowed into the stock on the tick-up and $32.85 million flowed out of the stock on the tick-down, for a money net flow of $6.57 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 $118.78

Several equities research analysts have issued reports on the stock. Seaport Global Securities assumed coverage on shares of Caterpillar in a research report on Wednesday. They issued a “neutral” rating and a $120.00 price objective for the company. Vetr cut shares of Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 price objective for the company. in a research report on Monday. ValuEngine raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Jefferies Group LLC reissued a “hold” rating and issued a $100.00 price objective on shares of Caterpillar in a research report on Tuesday, August 29th. Finally, Royal Bank Of Canada reissued a “hold” rating on shares of Caterpillar in a research report on Tuesday, August 29th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $106.94.

The company has a market cap of $69.36 billion, a price-to-earnings ratio of 655.70 and a beta of 1.24. The stock’s 50-day moving average price is $113.90 and its 200 day moving average price is $103.64.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.23. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The firm had revenue of $11.33 billion for the quarter, compared to analyst estimates of $10.96 billion. During the same period last year, the company earned $1.09 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities research analysts expect that Caterpillar, Inc. will post $5.24 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Saturday, August 19th. Shareholders of record on Thursday, July 20th were given a $0.78 dividend. The ex-dividend date of this dividend was Tuesday, July 18th. This is a positive change from Caterpillar’s previous quarterly dividend of $0.77. This represents a $3.12 annualized dividend and a yield of 2.67%. Caterpillar’s dividend payout ratio (DPR) is currently 2,080.00%.

In other Caterpillar news, Director William A. Osborn sold 5,000 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $113.67, for a total value of $568,350.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Bradley M. Halverson sold 182,612 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $114.05, for a total value of $20,826,898.60. The disclosure for this sale can be found here. Insiders sold 201,471 shares of company stock worth $22,979,332 over the last ninety days. 0.15% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. S. R. Schill & Associates increased its position in Caterpillar by 0.3% in the first quarter. S. R. Schill & Associates now owns 2,204 shares of the industrial products company’s stock worth $204,000 after buying an additional 6 shares during the period. Northstar Group Inc. increased its position in Caterpillar by 0.3% in the second quarter. Northstar Group Inc. now owns 2,385 shares of the industrial products company’s stock worth $256,000 after buying an additional 8 shares during the period. Clearbridge Investments LLC increased its position in Caterpillar by 0.3% in the first quarter. Clearbridge Investments LLC now owns 3,635 shares of the industrial products company’s stock worth $337,000 after buying an additional 10 shares during the period. Toth Financial Advisory Corp increased its position in Caterpillar by 0.3% in the second quarter. Toth Financial Advisory Corp now owns 3,915 shares of the industrial products company’s stock worth $421,000 after buying an additional 10 shares during the period. Finally, Ironwood Investment Counsel LLC increased its position in Caterpillar by 0.3% in the second quarter. Ironwood Investment Counsel LLC now owns 3,425 shares of the industrial products company’s stock worth $368,000 after buying an additional 10 shares during the period. 69.23% of the stock is currently owned by hedge funds and other institutional investors.

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Caterpillar Company Profile

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