Traders Sell Caterpillar (CAT) on Strength (CAT)

Investors sold shares of Caterpillar, Inc. (NYSE:CAT) on strength during trading on Thursday. $132.69 million flowed into the stock on the tick-up and $177.01 million flowed out of the stock on the tick-down, for a money net flow of $44.32 million out of the stock. Of all stocks tracked, Caterpillar had the 21st highest net out-flow for the day. Caterpillar traded up $2.12 for the day and closed at $154.64

Several brokerages recently weighed in on CAT. Citigroup lifted their price objective on shares of Caterpillar from $145.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday. Tigress Financial reiterated a “buy” rating on shares of Caterpillar in a research report on Monday, September 18th. Vetr upgraded shares of Caterpillar from a “sell” rating to a “hold” rating and set a $131.05 price objective on the stock in a research report on Thursday, October 19th. Barclays began coverage on shares of Caterpillar in a research report on Tuesday, December 12th. They issued an “overweight” rating and a $162.00 price objective on the stock. Finally, BidaskClub upgraded shares of Caterpillar from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $139.93.

The stock has a market capitalization of $92,000.00, a PE ratio of 27.19, a P/E/G ratio of 2.26 and a beta of 1.29. 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 (NYSE:CAT) last released its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.68. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The company had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $10.69 billion. During the same period in the previous year, the firm earned $0.85 EPS. Caterpillar’s revenue was up 24.6% on a year-over-year basis. sell-side analysts forecast that Caterpillar, Inc. will post 6.45 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be given a dividend of $0.78 per share. The ex-dividend date is Friday, January 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.02%. Caterpillar’s dividend payout ratio (DPR) is 216.67%.

In related news, insider Thomas A. Pellette sold 24,547 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $135.69, for a total value of $3,330,782.43. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Bradley M. Halverson sold 2,600 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $137.67, for a total transaction of $357,942.00. Following the completion of the sale, the insider now owns 5,214 shares in the company, valued at $717,811.38. The disclosure for this sale can be found here. Insiders have sold a total of 52,989 shares of company stock worth $7,235,850 over the last 90 days. 0.14% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Atlantic Trust Group LLC raised its holdings in shares of Caterpillar by 40.9% in the 3rd quarter. Atlantic Trust Group LLC now owns 34,463 shares of the industrial products company’s stock worth $4,298,000 after purchasing an additional 10,004 shares in the last quarter. AustralianSuper Pty Ltd bought a new stake in shares of Caterpillar in the 3rd quarter worth approximately $6,535,000. Parametric Portfolio Associates LLC raised its holdings in shares of Caterpillar by 4.7% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,642,402 shares of the industrial products company’s stock worth $204,824,000 after purchasing an additional 73,333 shares in the last quarter. AXA raised its holdings in shares of Caterpillar by 1.4% in the 3rd quarter. AXA now owns 147,194 shares of the industrial products company’s stock worth $18,356,000 after purchasing an additional 2,064 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of Caterpillar in the third quarter worth approximately $1,989,000. Institutional investors and hedge funds own 68.53% of the company’s stock.

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