Key Points
- CFO Andrew Bonfield sold 10,000 shares on Dec. 31 at an average price of $575.06 (proceeds ~$5.75M), trimming his stake by 18.03% to 45,460 shares — disclosed in an SEC filing.
- Caterpillar recently beat quarterly estimates (EPS $4.95 vs. $4.52; revenue $17.64B vs. $16.72B), declared a $1.51 quarterly dividend (ex‑div Jan. 20, yield ~1.0%), and has seen analyst price‑target upgrades (Wolfe $670, Oppenheimer $645, Truist $729) amid a strong rally and near‑term valuation caution.
Caterpillar Inc. (NYSE:CAT - Get Free Report) CFO Andrew Bonfield sold 10,000 shares of the company's stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $575.06, for a total transaction of $5,750,600.00. Following the transaction, the chief financial officer owned 45,460 shares in the company, valued at approximately $26,142,227.60. This trade represents a 18.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Caterpillar Stock Up 3.1%
CAT stock opened at $616.92 on Tuesday. The stock has a market capitalization of $288.71 billion, a PE ratio of 31.67, a price-to-earnings-growth ratio of 2.36 and a beta of 1.57. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $627.50. The company has a quick ratio of 0.86, a current ratio of 1.38 and a debt-to-equity ratio of 1.34. The firm has a 50 day moving average of $575.82 and a 200 day moving average of $487.93.
Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings results on Monday, November 3rd. The industrial products company reported $4.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.52 by $0.43. The business had revenue of $17.64 billion during the quarter, compared to analysts' expectations of $16.72 billion. Caterpillar had a net margin of 14.34% and a return on equity of 47.16%. The business's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company posted $5.17 earnings per share. Sell-side analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.
Caterpillar Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Tuesday, January 20th will be paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, January 20th. Caterpillar's payout ratio is presently 31.01%.
Caterpillar News Summary
Here are the key news stories impacting Caterpillar this week:
Analyst Ratings Changes
A number of equities research analysts recently commented on CAT shares. Oppenheimer lifted their target price on Caterpillar from $513.00 to $645.00 and gave the stock an "outperform" rating in a report on Thursday, October 30th. Wolfe Research lifted their price objective on shares of Caterpillar from $470.00 to $670.00 and gave the company an "outperform" rating in a research note on Friday. Truist Financial reaffirmed a "buy" rating and issued a $729.00 price objective (up from $582.00) on shares of Caterpillar in a report on Thursday, October 30th. Argus raised their target price on shares of Caterpillar from $460.00 to $625.00 and gave the stock a "buy" rating in a report on Wednesday, November 19th. Finally, Erste Group Bank upgraded shares of Caterpillar from a "hold" rating to a "buy" rating in a research report on Friday, October 3rd. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Caterpillar has an average rating of "Moderate Buy" and an average price target of $618.70.
Get Our Latest Report on Caterpillar
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. WealthShield Partners LLC increased its stake in shares of Caterpillar by 1.6% in the 3rd quarter. WealthShield Partners LLC now owns 1,122 shares of the industrial products company's stock valued at $535,000 after purchasing an additional 18 shares in the last quarter. one8zero8 LLC increased its position in shares of Caterpillar by 3.2% in the third quarter. one8zero8 LLC now owns 619 shares of the industrial products company's stock valued at $295,000 after buying an additional 19 shares in the last quarter. Finivi Inc. raised its stake in shares of Caterpillar by 1.5% during the 3rd quarter. Finivi Inc. now owns 1,321 shares of the industrial products company's stock worth $630,000 after buying an additional 19 shares during the period. Abacus Planning Group Inc. lifted its position in shares of Caterpillar by 0.6% during the 3rd quarter. Abacus Planning Group Inc. now owns 3,214 shares of the industrial products company's stock valued at $1,534,000 after buying an additional 20 shares in the last quarter. Finally, Cyr Financial Inc. increased its holdings in Caterpillar by 2.5% in the 3rd quarter. Cyr Financial Inc. now owns 811 shares of the industrial products company's stock worth $387,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.
About Caterpillar
(
Get Free Report)
Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company's product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.
In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.
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