Traders Sell Caterpillar, Inc. (CAT) on Strength (CAT)
Traders sold shares of Caterpillar, Inc. (NYSE:CAT) on strength during trading hours on Thursday. $77.94 million flowed into the stock on the tick-up and $120.09 million flowed out of the stock on the tick-down, for a money net flow of $42.15 million out of the stock. Of all equities tracked, Caterpillar had the 0th highest net out-flow for the day. Caterpillar traded up $0.26 for the day and closed at $131.55
CAT has been the topic of several research reports. TheStreet raised Caterpillar from a “c+” rating to a “b” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised Caterpillar from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a research report on Friday, July 14th. Deutsche Bank AG reduced their price target on Caterpillar from $108.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, July 4th. BidaskClub raised Caterpillar from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Finally, Credit Suisse Group reissued a “buy” rating and set a $123.00 price target on shares of Caterpillar in a research report on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Caterpillar has a consensus rating of “Hold” and a consensus price target of $119.82.
The firm has a 50 day moving average price of $124.78 and a 200 day moving average price of $110.67. The firm has a market capitalization of $77.63 billion, a PE ratio of 733.85 and a beta of 1.26.
Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.26 by $0.23. The firm had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $10.96 billion. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 earnings per share. Analysts predict that Caterpillar, Inc. will post $5.29 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, October 23rd will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Friday, October 20th. Caterpillar’s dividend payout ratio (DPR) is 2,080.00%.
In other news, insider Bradley M. Halverson sold 182,612 shares of the company’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $114.05, for a total transaction of $20,826,898.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William A. Osborn sold 5,000 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $113.67, for a total transaction of $568,350.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 201,471 shares of company stock valued at $22,979,332. Insiders own 0.14% of the company’s stock.
Large investors have recently modified their holdings of the company. Quadrant Capital Group LLC raised its stake in shares of Caterpillar by 10.6% during the second quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 128 shares during the last quarter. Baker Ellis Asset Management LLC purchased a new position in shares of Caterpillar during the second quarter valued at about $104,000. Motco increased its position in shares of Caterpillar by 264.9% during the second quarter. Motco now owns 989 shares of the industrial products company’s stock valued at $106,000 after buying an additional 718 shares during the period. Harbour Capital Advisors LLC purchased a new position in shares of Caterpillar during the first quarter valued at about $107,000. Finally, Acrospire Investment Management LLC increased its position in shares of Caterpillar by 900.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock valued at $107,000 after buying an additional 900 shares during the period. 69.23% of the stock is owned by hedge funds and other institutional investors.
Caterpillar Company Profile
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