Caterpillar Inc. (NYSE:CAT - Get Free Report) insider Rodney Michael Shurman sold 2,278 shares of the business's stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $759.61, for a total transaction of $1,730,391.58. Following the sale, the insider directly owned 1,443 shares of the company's stock, valued at $1,096,117.23. This represents a 61.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Rodney Michael Shurman also recently made the following trade(s):
- On Tuesday, February 17th, Rodney Michael Shurman sold 1,764 shares of Caterpillar stock. The stock was sold at an average price of $763.39, for a total transaction of $1,346,619.96.
Caterpillar Price Performance
Caterpillar stock opened at $768.20 on Wednesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 0.94. The stock has a market cap of $357.43 billion, a price-to-earnings ratio of 40.82, a price-to-earnings-growth ratio of 1.79 and a beta of 1.58. The firm has a 50-day moving average of $656.64 and a two-hundred day moving average of $558.44. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $789.81.
Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings results 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 net margin of 13.14% and a return on equity of 45.76%. The firm had revenue of $19.13 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the previous year, the firm posted $5.14 earnings per share. The company's revenue was up 17.9% on a year-over-year basis. On average, research 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 was paid on Thursday, February 19th. Stockholders of record on Tuesday, January 20th were paid a dividend of $1.51 per share. The ex-dividend date was Tuesday, January 20th. This represents a $6.04 annualized dividend and a dividend yield of 0.8%. Caterpillar's dividend payout ratio (DPR) is currently 32.09%.
Institutional Trading of Caterpillar
A number of institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in Caterpillar in the second quarter worth about $2,165,899,000. Wellington Management Group LLP boosted its stake in Caterpillar by 3,949.8% in the 3rd quarter. Wellington Management Group LLP now owns 5,228,058 shares of the industrial products company's stock worth $2,494,568,000 after purchasing an additional 5,098,964 shares in the last quarter. Capital International Investors purchased a new stake in Caterpillar during the 4th quarter worth approximately $1,225,317,000. Massachusetts Financial Services Co. MA increased its stake in Caterpillar by 1,851.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,830,414 shares of the industrial products company's stock valued at $873,382,000 after purchasing an additional 1,736,631 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Caterpillar by 573.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,504,612 shares of the industrial products company's stock worth $861,947,000 after buying an additional 1,281,087 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.
Trending Headlines about Caterpillar
Here are the key news stories impacting Caterpillar this week:
Analysts Set New Price Targets
A number of research analysts have commented on CAT shares. Citigroup raised their target price on shares of Caterpillar from $710.00 to $760.00 and gave the company a "buy" rating in a research report on Monday, February 2nd. Oppenheimer increased their price objective on shares of Caterpillar from $700.00 to $729.00 and gave the company an "outperform" rating in a research note on Friday, January 30th. Bank of America boosted their price objective on shares of Caterpillar from $735.00 to $825.00 and gave the stock a "buy" rating in a research note on Tuesday, February 10th. DA Davidson lifted their price target on Caterpillar from $569.00 to $650.00 and gave the company a "neutral" rating in a report on Monday, February 2nd. Finally, CICC Research assumed coverage on Caterpillar in a research report on Friday, February 6th. They issued an "outperform" rating for the company. Sixteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $702.95.
Read Our Latest Research Report on CAT
About Caterpillar
(
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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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