Traders Sell Shares of Caterpillar (CAT) on Strength (CAT)
Traders sold shares of Caterpillar Inc. (NYSE:CAT) on strength during trading hours on Tuesday. $168.40 million flowed into the stock on the tick-up and $228.09 million flowed out of the stock on the tick-down, for a money net flow of $59.69 million out of the stock. Of all stocks tracked, Caterpillar had the 0th highest net out-flow for the day. Caterpillar traded up $0.40 for the day and closed at $166.43
A number of equities research analysts recently commented on CAT shares. BMO Capital Markets increased their price target on Caterpillar from $130.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, September 14th. ValuEngine upgraded Caterpillar from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Vetr lowered Caterpillar from a “sell” rating to a “strong sell” rating and set a $139.26 price target on the stock. in a research report on Wednesday, December 27th. Credit Suisse Group reiterated a “hold” rating and issued a $133.00 price objective on shares of Caterpillar in a research report on Friday, September 22nd. Finally, Goldman Sachs Group increased their price objective on Caterpillar from $143.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, October 9th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the stock. Caterpillar presently has an average rating of “Hold” and an average price target of $145.87.
The company has a debt-to-equity ratio of 1.58, a current ratio of 1.44 and a quick ratio of 1.04. The stock has a market cap of $98,680.00, a PE ratio of 115.19, a PEG ratio of 2.01 and a beta of 1.29.
Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.68. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The business had revenue of $11.41 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same period last year, the company earned $0.85 EPS. The firm’s revenue was up 24.6% on a year-over-year basis. equities analysts forecast that Caterpillar Inc. will post 6.46 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Monday, January 22nd will be given a $0.78 dividend. The ex-dividend date is Friday, January 19th. This represents a $3.12 annualized dividend and a dividend yield of 1.88%. Caterpillar’s dividend payout ratio is currently 216.67%.
In other news, insider Bradley M. Halverson sold 2,600 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $137.67, for a total value of $357,942.00. Following the transaction, the insider now directly owns 5,214 shares in the company, valued at approximately $717,811.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bradley M. Halverson sold 17,210 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $137.33, for a total value of $2,363,449.30. Following the completion of the transaction, the chief financial officer now owns 7,814 shares in the company, valued at $1,073,096.62. The disclosure for this sale can be found here. Insiders sold a total of 52,989 shares of company stock worth $7,235,850 over the last 90 days. 0.14% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of CAT. Quadrant Capital Group LLC raised its stake in Caterpillar by 10.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock worth $102,000 after buying an additional 128 shares during the period. Baker Ellis Asset Management LLC acquired a new stake in Caterpillar during the 2nd quarter worth $104,000. Motco raised its stake in Caterpillar by 264.9% during the 2nd quarter. Motco now owns 989 shares of the industrial products company’s stock worth $106,000 after buying an additional 718 shares during the period. Acrospire Investment Management LLC raised its stake in Caterpillar by 900.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock worth $107,000 after buying an additional 900 shares during the period. Finally, Chicago Partners Investment Group LLC raised its stake in Caterpillar by 75.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 1,152 shares of the industrial products company’s stock worth $118,000 after buying an additional 496 shares during the period. Institutional investors and hedge funds own 68.54% of the company’s stock.
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