Caterpillar, Inc. (NYSE:CAT) Director Daniel M. Dickinson sold 3,813 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $137.09, for a total value of $522,724.17. Following the completion of the transaction, the director now owns 6,554 shares in the company, valued at approximately $898,487.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Caterpillar, Inc. (NYSE:CAT) opened at $136.63 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 1.58. Caterpillar, Inc. has a twelve month low of $80.59 and a twelve month high of $140.44. The stock has a market cap of $81.29 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 2.06 and a beta of 1.29.
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, topping the Zacks’ 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 firm had revenue of $11.41 billion for the quarter, compared to analysts’ expectations of $10.69 billion. During the same quarter last year, the company posted $0.85 earnings per share. Caterpillar’s revenue was up 24.6% on a year-over-year basis. equities analysts expect that Caterpillar, Inc. will post 6.4 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 23rd will be issued a $0.78 dividend. The ex-dividend date of this dividend is Friday, October 20th. This represents a $3.12 dividend on an annualized basis and a yield of 2.28%. Caterpillar’s dividend payout ratio is currently 216.67%.
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A number of hedge funds and other institutional investors have recently modified their holdings of CAT. Vanguard Group Inc. lifted its holdings in Caterpillar by 6.1% in the second quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock worth $4,430,058,000 after acquiring an additional 2,377,623 shares during the last quarter. FMR LLC lifted its holdings in Caterpillar by 11.7% in the second quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock worth $2,107,684,000 after acquiring an additional 2,052,300 shares during the last quarter. Renaissance Technologies LLC bought a new position in Caterpillar in the first quarter worth about $143,490,000. Jennison Associates LLC lifted its holdings in Caterpillar by 140.9% in the third quarter. Jennison Associates LLC now owns 2,627,319 shares of the industrial products company’s stock worth $327,653,000 after acquiring an additional 1,536,470 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in Caterpillar by 15.1% in the first quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock worth $964,579,000 after acquiring an additional 1,365,856 shares during the last quarter. 69.34% of the stock is currently owned by hedge funds and other institutional investors.
CAT has been the topic of several recent analyst reports. Axiom Securities reiterated a “sell” rating on shares of Caterpillar in a research report on Thursday, July 13th. Zacks Investment Research raised Caterpillar from a “hold” rating to a “buy” rating and set a $121.00 target price on the stock in a research note on Friday, July 14th. BMO Capital Markets raised Caterpillar from a “market perform” rating to an “outperform” rating and upped their target price for the company from $110.00 to $125.00 in a research note on Monday, July 24th. BidaskClub lowered Caterpillar from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Wells Fargo & Company reissued an “outperform” rating on shares of Caterpillar in a research note on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $133.70.
Caterpillar Company Profile
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