Key Points
- Insider sale: Anthony Fassino sold 6,033 shares on Feb. 6 at an average of $722.15 for a total of $4,356,730.95, reducing his position by 12.79% to 41,151 shares (≈$29.7M).
- Earnings beat: Caterpillar reported Q earnings of $5.16 EPS versus $4.67 expected and revenue of $19.13B vs. $17.81B, marking 17.9% year‑over‑year revenue growth.
- Analyst and valuation snapshot: The stock carries a consensus "Moderate Buy" with an average target of $690.90, trades near its 52‑week high (~$743), and has a P/E ~39.5 with a market cap of ~$347.5B.
Caterpillar Inc. (NYSE:CAT - Get Free Report) insider Anthony Fassino sold 6,033 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $722.15, for a total value of $4,356,730.95. Following the completion of the transaction, the insider directly owned 41,151 shares in the company, valued at approximately $29,717,194.65. This trade represents a 12.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Caterpillar Price Performance
Shares of CAT stock opened at $742.51 on Tuesday. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $743.50. The company has a current ratio of 1.44, a quick ratio of 0.94 and a debt-to-equity ratio of 1.44. The stock has a fifty day simple moving average of $620.65 and a two-hundred day simple moving average of $532.69. The stock has a market capitalization of $347.48 billion, a price-to-earnings ratio of 39.45, a P/E/G ratio of 1.72 and a beta of 1.58.
Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data on Thursday, January 29th. The industrial products company reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.67 by $0.49. Caterpillar had a return on equity of 45.76% and a net margin of 13.14%.The firm had revenue of $19.13 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the previous year, the company posted $5.14 earnings per share. The firm's quarterly revenue was up 17.9% on a year-over-year basis. On average, analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.
Caterpillar Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Tuesday, January 20th will be paid a $1.51 dividend. The ex-dividend date of this dividend is Tuesday, January 20th. This represents a $6.04 dividend on an annualized basis and a yield of 0.8%. Caterpillar's payout ratio is 32.09%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of CAT. Vanguard Group Inc. increased its position in shares of Caterpillar by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 46,385,185 shares of the industrial products company's stock valued at $26,572,681,000 after acquiring an additional 442,164 shares during the period. Geode Capital Management LLC increased its holdings in shares of Caterpillar by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 10,610,182 shares of the industrial products company's stock valued at $6,072,572,000 after purchasing an additional 94,524 shares during the period. Fisher Asset Management LLC raised its stake in shares of Caterpillar by 0.6% in the fourth quarter. Fisher Asset Management LLC now owns 9,493,266 shares of the industrial products company's stock worth $5,438,408,000 after purchasing an additional 54,069 shares during the last quarter. Norges Bank acquired a new stake in shares of Caterpillar during the second quarter worth about $2,165,899,000. Finally, Wellington Management Group LLP boosted its position in Caterpillar by 3,949.8% in the third quarter. Wellington Management Group LLP now owns 5,228,058 shares of the industrial products company's stock valued at $2,494,568,000 after buying an additional 5,098,964 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on CAT shares. UBS Group reiterated a "neutral" rating and issued a $677.00 price target on shares of Caterpillar in a report on Monday, February 2nd. JPMorgan Chase & Co. lifted their target price on Caterpillar from $740.00 to $765.00 and gave the company an "overweight" rating in a research note on Friday, January 30th. Argus increased their price target on shares of Caterpillar from $460.00 to $625.00 and gave the company a "buy" rating in a research report on Wednesday, November 19th. CICC Research initiated coverage on shares of Caterpillar in a research report on Friday. They issued an "outperform" rating on the stock. Finally, Oppenheimer boosted their price objective on shares of Caterpillar from $700.00 to $729.00 and gave the stock an "outperform" rating in a research note on Friday, January 30th. Sixteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $690.90.
Read Our Latest Stock Report on Caterpillar
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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