Caterpillar Inc. (NYSE:CAT - Get Free Report) Director David Maclennan bought 500 shares of the stock in a transaction on Friday, May 3rd. The stock was purchased at an average cost of $337.39 per share, with a total value of $168,695.00. Following the completion of the purchase, the director now directly owns 5,738 shares in the company, valued at approximately $1,935,943.82. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
David Maclennan also recently made the following trade(s):
- On Friday, February 23rd, David Maclennan bought 350 shares of Caterpillar stock. The stock was purchased at an average cost of $323.37 per share, with a total value of $113,179.50.
Caterpillar Stock Performance
NYSE:CAT opened at $342.15 on Tuesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.35 and a quick ratio of 0.83. The firm has a 50-day moving average of $352.22 and a two-hundred day moving average of $304.27. The stock has a market cap of $167.33 billion, a P/E ratio of 15.45, a PEG ratio of 1.44 and a beta of 1.19. Caterpillar Inc. has a 1-year low of $205.60 and a 1-year high of $382.01.
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Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, beating analysts' consensus estimates of $5.12 by $0.48. The company had revenue of $15.80 billion during the quarter, compared to analysts' expectations of $16.07 billion. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. On average, research analysts expect that Caterpillar Inc. will post 21.79 earnings per share for the current fiscal year.
Caterpillar Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be given a dividend of $1.30 per share. The ex-dividend date is Friday, April 19th. This represents a $5.20 annualized dividend and a dividend yield of 1.52%. Caterpillar's payout ratio is 23.48%.
Analysts Set New Price Targets
Several analysts have recently issued reports on the stock. Morgan Stanley assumed coverage on shares of Caterpillar in a research note on Monday, January 8th. They set an "equal weight" rating and a $270.00 price objective for the company. Wells Fargo & Company boosted their price objective on shares of Caterpillar from $290.00 to $325.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 6th. JPMorgan Chase & Co. boosted their price objective on shares of Caterpillar from $385.00 to $435.00 and gave the company an "overweight" rating in a research note on Tuesday, April 16th. TD Cowen boosted their price objective on shares of Caterpillar from $338.00 to $340.00 and gave the company a "buy" rating in a research note on Friday, April 26th. Finally, Robert W. Baird boosted their price objective on shares of Caterpillar from $210.00 to $257.00 and gave the company an "underperform" rating in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Caterpillar presently has an average rating of "Hold" and a consensus price target of $323.35.
Check Out Our Latest Report on Caterpillar
Hedge Funds Weigh In On Caterpillar
Large investors have recently modified their holdings of the stock. Partnership Wealth Management LLC bought a new position in shares of Caterpillar during the fourth quarter worth about $26,000. Richardson Financial Services Inc. bought a new position in shares of Caterpillar during the fourth quarter worth about $27,000. Thompson Investment Management Inc. bought a new position in shares of Caterpillar during the first quarter worth about $27,000. Fairman Group LLC acquired a new stake in Caterpillar during the first quarter worth about $29,000. Finally, Gilfoyle & Co LLC acquired a new stake in Caterpillar during the fourth quarter worth about $30,000. Institutional investors own 70.98% of the company's stock.
About Caterpillar
(
Get Free Report)
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.
Further Reading
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