Traders bought shares of Caterpillar Inc. (NYSE:CAT) on weakness during trading hours on Thursday. $228.74 million flowed into the stock on the tick-up and $198.16 million flowed out of the stock on the tick-down, for a money net flow of $30.58 million into the stock. Of all companies tracked, Caterpillar had the 32nd highest net in-flow for the day. Caterpillar traded down ($3.71) for the day and closed at $131.39

CAT has been the topic of a number of recent analyst reports. Stifel Nicolaus dropped their price objective on Caterpillar from $174.00 to $168.00 and set a “hold” rating on the stock in a report on Tuesday, August 7th. Credit Suisse Group dropped their price objective on Caterpillar from $210.00 to $183.00 and set an “outperform” rating on the stock in a report on Wednesday, October 24th. UBS Group set a $185.00 price objective on Caterpillar and gave the stock a “buy” rating in a report on Wednesday, September 5th. Wells Fargo & Co set a $145.00 price objective on Caterpillar and gave the stock a “buy” rating in a report on Wednesday, October 24th. Finally, Robert W. Baird set a $171.00 price objective on Caterpillar and gave the stock a “buy” rating in a report on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Caterpillar presently has a consensus rating of “Buy” and an average target price of $158.55.

The company has a quick ratio of 1.02, a current ratio of 1.48 and a debt-to-equity ratio of 1.60. The firm has a market cap of $79.72 billion, a price-to-earnings ratio of 18.45, a price-to-earnings-growth ratio of 0.74 and a beta of 1.58.

Caterpillar (NYSE:CAT) last posted its earnings results on Tuesday, October 23rd. The industrial products company reported $2.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.83 by $0.03. The company had revenue of $13.51 billion for the quarter, compared to analyst estimates of $13.28 billion. Caterpillar had a return on equity of 44.13% and a net margin of 7.13%. Caterpillar’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.95 earnings per share. On average, research analysts anticipate that Caterpillar Inc. will post 11.64 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Monday, October 22nd will be given a $0.86 dividend. The ex-dividend date is Friday, October 19th. This represents a $3.44 annualized dividend and a dividend yield of 2.71%. Caterpillar’s dividend payout ratio is currently 50.00%.

In related news, insider Lange Bob De acquired 1,080 shares of Caterpillar stock in a transaction dated Friday, October 26th. The shares were acquired at an average cost of $115.58 per share, for a total transaction of $124,826.40. Following the completion of the transaction, the insider now directly owns 11,310 shares of the company’s stock, valued at $1,307,209.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Denise C. Johnson sold 35,051 shares of the company’s stock in a transaction on Tuesday, October 2nd. The shares were sold at an average price of $154.18, for a total value of $5,404,163.18. Following the completion of the sale, the insider now owns 22,826 shares in the company, valued at $3,519,312.68. The disclosure for this sale can be found here. 0.36% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of CAT. Acropolis Investment Management LLC purchased a new position in Caterpillar during the third quarter worth about $100,000. Sound Income Strategies LLC lifted its position in Caterpillar by 181.8% during the third quarter. Sound Income Strategies LLC now owns 665 shares of the industrial products company’s stock worth $101,000 after buying an additional 429 shares during the period. St. Johns Investment Management Company LLC purchased a new position in Caterpillar during the third quarter worth about $106,000. Providence Capital Advisors LLC purchased a new position in Caterpillar during the third quarter worth about $118,000. Finally, Psagot Investment House Ltd. purchased a new position in Caterpillar during the third quarter worth about $136,000. Institutional investors and hedge funds own 66.56% of the company’s stock.

WARNING: This report was first reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this report on another website, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this report can be accessed at https://theolympiareport.com/2018/11/10/investors-buy-shares-of-caterpillar-cat-on-weakness.html.

Caterpillar Company Profile (NYSE:CAT)

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.

Recommended Story: The Role of a Fiduciary and Individual Investors

Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.