Investors Sell Shares of Caterpillar (CAT) on Strength (CAT)

Traders sold shares of Caterpillar, Inc. (NYSE:CAT) on strength during trading hours on Wednesday. $99.83 million flowed into the stock on the tick-up and $142.18 million flowed out of the stock on the tick-down, for a money net flow of $42.35 million out of the stock. Of all stocks tracked, Caterpillar had the 20th highest net out-flow for the day. Caterpillar traded up $1.61 for the day and closed at $152.52

A number of research analysts recently commented on the company. ValuEngine cut Caterpillar from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Wells Fargo & Company set a $150.00 price objective on Caterpillar and gave the company a “buy” rating in a report on Monday, October 16th. They noted that the move was a valuation call. Vetr lowered Caterpillar from a “buy” rating to a “hold” rating and set a $120.03 target price on the stock. in a research report on Tuesday, August 22nd. UBS set a $155.00 target price on Caterpillar and gave the company a “buy” rating in a research report on Wednesday, October 25th. Finally, Zacks Investment Research lowered Caterpillar from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Caterpillar presently has a consensus rating of “Hold” and a consensus target price of $139.14.

The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $90,740.00, a PE ratio of 26.99, a price-to-earnings-growth ratio of 2.25 and a beta of 1.29.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the company earned $0.85 earnings per share. The company’s revenue was up 24.6% on a year-over-year basis. equities analysts forecast that Caterpillar, Inc. will post 6.44 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Monday, January 22nd will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Friday, January 19th. Caterpillar’s dividend payout ratio is currently 216.67%.

In other news, CFO Bradley M. Halverson sold 17,210 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $137.33, for a total transaction of $2,363,449.30. Following the sale, the chief financial officer now owns 7,814 shares of the company’s stock, valued at $1,073,096.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas A. Pellette sold 24,547 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $135.69, for a total value of $3,330,782.43. The disclosure for this sale can be found here. Insiders have sold 52,989 shares of company stock worth $7,235,850 in the last ninety days. Corporate insiders own 0.14% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. King Luther Capital Management Corp grew its stake in shares of Caterpillar by 15.1% during the first quarter. King Luther Capital Management Corp now owns 10,487 shares of the industrial products company’s stock worth $973,000 after purchasing an additional 1,372 shares in the last quarter. Amalgamated Bank grew its stake in shares of Caterpillar by 6.0% during the first quarter. Amalgamated Bank now owns 39,645 shares of the industrial products company’s stock worth $3,677,000 after purchasing an additional 2,240 shares in the last quarter. Kernodle & Katon Asset Management Group LLC grew its stake in shares of Caterpillar by 38.6% during the first quarter. Kernodle & Katon Asset Management Group LLC now owns 2,094 shares of the industrial products company’s stock worth $194,000 after purchasing an additional 583 shares in the last quarter. Southeast Asset Advisors Inc. grew its stake in shares of Caterpillar by 0.3% during the first quarter. Southeast Asset Advisors Inc. now owns 4,267 shares of the industrial products company’s stock worth $396,000 after purchasing an additional 13 shares in the last quarter. Finally, Shelton Capital Management grew its stake in shares of Caterpillar by 44.9% during the first quarter. Shelton Capital Management now owns 41,150 shares of the industrial products company’s stock worth $3,817,000 after purchasing an additional 12,753 shares in the last quarter. 68.53% of the stock is currently owned by institutional investors and hedge funds.

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