Caterpillar, Inc. (CAT) Insider Sells $216,275.76 in Stock
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%.
TRADEMARK VIOLATION WARNING: “Caterpillar, Inc. (CAT) Insider Sells $216,275.76 in Stock” was first reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://theolympiareport.com/2017/10/30/caterpillar-inc-cat-insider-sells-216275-76-in-stock.html.
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
Receive News & Ratings for Caterpillar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.