Caterpillar Inc. (NYSE:CAT) Director Sells $543,400.00 in Stock

Caterpillar Inc. (NYSE:CAT) Director Daniel M. Dickinson sold 1,300 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $418.00, for a total value of $543,400.00. Following the sale, the director now directly owns 4,976 shares of the company’s stock, valued at $2,079,968. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Caterpillar Price Performance

CAT opened at $393.37 on Friday. Caterpillar Inc. has a 1 year low of $233.82 and a 1 year high of $418.50. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. The company has a market capitalization of $190.75 billion, a price-to-earnings ratio of 18.24, a P/E/G ratio of 2.06 and a beta of 1.10. The firm’s fifty day moving average price is $376.80 and its two-hundred day moving average price is $352.75.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The firm had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. During the same period in the previous year, the company posted $5.52 earnings per share. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. As a group, analysts anticipate that Caterpillar Inc. will post 21.69 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st will be given a $1.41 dividend. The ex-dividend date of this dividend is Monday, October 21st. This represents a $5.64 annualized dividend and a yield of 1.43%. Caterpillar’s dividend payout ratio is currently 26.15%.

Institutional Investors Weigh In On Caterpillar

Several large investors have recently made changes to their positions in the business. Norden Group LLC bought a new position in shares of Caterpillar during the 1st quarter valued at approximately $672,000. GSA Capital Partners LLP purchased a new stake in Caterpillar in the first quarter worth $433,000. SPC Financial Inc. bought a new stake in shares of Caterpillar in the first quarter valued at $238,000. CFO4Life Group LLC grew its stake in shares of Caterpillar by 32.3% during the 1st quarter. CFO4Life Group LLC now owns 1,012 shares of the industrial products company’s stock worth $371,000 after acquiring an additional 247 shares during the period. Finally, Duality Advisers LP increased its holdings in Caterpillar by 117.5% in the 1st quarter. Duality Advisers LP now owns 12,340 shares of the industrial products company’s stock worth $4,522,000 after acquiring an additional 6,666 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CAT has been the topic of a number of research analyst reports. UBS Group increased their price target on Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a report on Monday, November 4th. Robert W. Baird increased their target price on shares of Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research note on Thursday, October 31st. Truist Financial lifted their price target on shares of Caterpillar from $399.00 to $456.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. StockNews.com cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Finally, Morgan Stanley downgraded Caterpillar from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $349.00 to $332.00 in a research note on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Caterpillar currently has a consensus rating of “Hold” and a consensus target price of $362.40.

About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.