Traders sold shares of Caterpillar Inc. (NYSE:CAT) on strength during trading hours on Thursday. $130.47 million flowed into the stock on the tick-up and $168.26 million flowed out of the stock on the tick-down, for a money net flow of $37.79 million out of the stock. Of all companies tracked, Caterpillar had the 0th highest net out-flow for the day. Caterpillar traded up $0.90 for the day and closed at $158.42
A number of brokerages recently commented on CAT. Vetr raised shares of Caterpillar from a “strong sell” rating to a “sell” rating and set a $141.73 price objective for the company in a research note on Thursday. Citigroup boosted their price objective on shares of Caterpillar from $145.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday, December 21st. OTR Global downgraded shares of Caterpillar to a “positive” rating in a research note on Monday, December 18th. Barclays began coverage on shares of Caterpillar in a research note on Tuesday, December 12th. They issued an “overweight” rating and a $162.00 price objective for the company. Finally, UBS Group set a $155.00 price objective on shares of Caterpillar and gave the stock a “buy” rating in a research note on Tuesday, December 5th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the stock. Caterpillar presently has a consensus rating of “Hold” and an average price target of $140.14.
The company has a debt-to-equity ratio of 1.58, a current ratio of 1.44 and a quick ratio of 1.04. The stock has a market cap of $94,249.39, a price-to-earnings ratio of 109.43, a PEG ratio of 2.38 and a beta of 1.29.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.98%. The ex-dividend date is Friday, January 19th. Caterpillar’s dividend payout ratio is currently 216.67%.
In other news, insider Lange Bob De sold 1,572 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $137.58, for a total transaction of $216,275.76. Following the sale, the insider now directly owns 11,096 shares of the company’s stock, valued at $1,526,587.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bradley M. Halverson sold 2,600 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $137.67, for a total transaction of $357,942.00. Following the sale, the insider now directly owns 5,214 shares in the company, valued at $717,811.38. The disclosure for this sale can be found here. Insiders sold 52,989 shares of company stock worth $7,235,850 over the last ninety days. Corporate insiders own 0.14% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in CAT. Quadrant Capital Group LLC grew its holdings in shares of Caterpillar by 10.6% during the second quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock valued at $102,000 after buying an additional 128 shares during the last quarter. Baker Ellis Asset Management LLC purchased a new stake in shares of Caterpillar during the second quarter valued at $104,000. Motco grew its holdings in shares of Caterpillar by 264.9% during the second quarter. Motco now owns 989 shares of the industrial products company’s stock valued at $106,000 after buying an additional 718 shares during the last quarter. Acrospire Investment Management LLC grew its holdings in shares of Caterpillar by 900.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock valued at $107,000 after buying an additional 900 shares during the last quarter. Finally, Chicago Partners Investment Group LLC grew its holdings in shares of Caterpillar by 75.6% during the second quarter. Chicago Partners Investment Group LLC now owns 1,152 shares of the industrial products company’s stock valued at $118,000 after buying an additional 496 shares during the last quarter. 68.54% of the stock is currently owned by hedge funds and other institutional investors.
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Caterpillar Company Profile
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