Key Points
- Anthony Fassino sold 9,152 Caterpillar shares on May 6 at an average price of $926.25 for proceeds of $8.48 million, trimming his stake by 16.58% to 46,041 shares (SEC filing).
- Caterpillar beat Q1 estimates, reporting EPS of $5.54 versus $4.65 expected and revenue of $17.42B (up 22.2% YoY), and declared a $1.51 quarterly dividend (0.7% yield).
- While several analysts have raised price targets and the consensus is a "Moderate Buy" (avg. target ~$890), multiple senior insider sales—including other large blocks—could weigh on sentiment despite strong results.
Caterpillar Inc. (NYSE:CAT - Get Free Report) insider Anthony Fassino sold 9,152 shares of the firm's stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $926.25, for a total transaction of $8,477,040.00. Following the transaction, the insider directly owned 46,041 shares in the company, valued at approximately $42,645,476.25. The trade was a 16.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Caterpillar Stock Performance
CAT stock opened at $896.03 on Friday. The firm has a 50 day moving average of $755.75 and a two-hundred day moving average of $664.91. Caterpillar Inc. has a 12 month low of $322.90 and a 12 month high of $931.35. The company has a market capitalization of $412.70 billion, a price-to-earnings ratio of 44.60, a P/E/G ratio of 1.88 and a beta of 1.63. The company has a quick ratio of 0.81, a current ratio of 1.35 and a debt-to-equity ratio of 1.64.
Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.65 by $0.89. The firm had revenue of $17.42 billion during the quarter, compared to analysts' expectations of $16.53 billion. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. Caterpillar's revenue for the quarter was up 22.2% on a year-over-year basis. During the same period in the prior year, the company posted $4.25 earnings per share. As a group, equities analysts anticipate that Caterpillar Inc. will post 23.97 EPS for the current fiscal year.
Caterpillar Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Monday, April 20th will be paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, April 20th. Caterpillar's dividend payout ratio is 30.06%.
Wall Street Analysts Forecast Growth
Several brokerages have commented on CAT. Royal Bank Of Canada increased their price target on Caterpillar from $587.00 to $658.00 and gave the company a "sector perform" rating in a report on Friday, January 30th. Wolfe Research lifted their target price on shares of Caterpillar from $670.00 to $750.00 and gave the stock an "outperform" rating in a report on Tuesday, March 31st. CICC Research started coverage on shares of Caterpillar in a report on Friday, February 6th. They set an "outperform" rating for the company. Wells Fargo & Company boosted their price objective on Caterpillar from $960.00 to $1,050.00 and gave the stock an "overweight" rating in a research report on Friday, May 1st. Finally, Daiwa Securities Group increased their target price on Caterpillar from $790.00 to $900.00 and gave the company a "neutral" rating in a research note on Friday, May 1st. Sixteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $890.27.
View Our Latest Stock Report on Caterpillar
Hedge Funds Weigh In On Caterpillar
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lam Group Inc. bought a new stake in shares of Caterpillar during the first quarter valued at approximately $26,000. Torren Management LLC bought a new position in Caterpillar in the fourth quarter worth $27,000. Marquette Asset Management LLC boosted its stake in Caterpillar by 1,060.0% during the third quarter. Marquette Asset Management LLC now owns 58 shares of the industrial products company's stock worth $28,000 after buying an additional 53 shares in the last quarter. Frazier Financial Advisors LLC increased its holdings in Caterpillar by 220.0% in the 4th quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company's stock valued at $28,000 after buying an additional 33 shares during the period. Finally, IFS Advisors LLC acquired a new position in shares of Caterpillar in the 4th quarter valued at $31,000. 70.98% of the stock is currently owned by institutional investors.
More Caterpillar News
Here are the key news stories impacting Caterpillar this week:
Caterpillar Company Profile
(
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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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