Caterpillar, Inc. (NYSE:CAT) insider Lange Bob De sold 1,572 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $137.58, for a total transaction of $216,275.76. Following the completion of the transaction, the insider now directly owns 11,096 shares of the company’s stock, valued at approximately $1,526,587.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Caterpillar, Inc. (NYSE:CAT) traded down 0.96% during midday trading on Monday, hitting $136.49. 3,044,543 shares of the stock traded hands. The company has a 50-day moving average price of $127.67 and a 200 day moving average price of $112.68. Caterpillar, Inc. has a one year low of $80.33 and a one year high of $140.44. The stock has a market cap of $80.66 billion, a price-to-earnings ratio of 762.51 and a beta of 1.25.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.68. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The business had revenue of $11.41 billion during the quarter, compared to analysts’ expectations of $10.69 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. Equities research analysts anticipate that Caterpillar, Inc. will post $6.36 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, October 23rd will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Friday, October 20th. Caterpillar’s payout ratio is 216.67%.

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A number of analysts recently weighed in on CAT shares. UBS AG set a $155.00 price objective on shares of Caterpillar and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Stifel Nicolaus increased their price objective on shares of Caterpillar from $125.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Royal Bank Of Canada increased their price objective on shares of Caterpillar from $120.00 to $143.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 25th. Robert W. Baird increased their price objective on shares of Caterpillar from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Finally, Bank of America Corporation set a $152.00 price objective on shares of Caterpillar and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have given a buy rating to the company. Caterpillar has an average rating of “Hold” and an average target price of $133.70.

Large investors have recently modified their holdings of the stock. Beach Investment Management LLC. acquired a new stake in Caterpillar during the 2nd quarter worth $231,000. NGAM Advisors L.P. boosted its stake in Caterpillar by 2.9% during the 2nd quarter. NGAM Advisors L.P. now owns 81,344 shares of the industrial products company’s stock worth $8,742,000 after purchasing an additional 2,286 shares during the period. Bank of Nova Scotia boosted its stake in Caterpillar by 527.0% during the 1st quarter. Bank of Nova Scotia now owns 196,294 shares of the industrial products company’s stock worth $18,208,000 after purchasing an additional 164,989 shares during the period. Bancorpsouth Inc. boosted its stake in Caterpillar by 1.2% during the 1st quarter. Bancorpsouth Inc. now owns 5,787 shares of the industrial products company’s stock worth $537,000 after purchasing an additional 69 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in Caterpillar during the 1st quarter worth $46,917,000. Hedge funds and other institutional investors own 69.34% of the company’s stock.

Caterpillar Company Profile

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