Insider Selling: Caterpillar Inc. (NYSE:CAT) CFO Sells $3,101,000.00 in Stock

Caterpillar Inc. (NYSE:CATGet Free Report) CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the sale, the chief financial officer now owns 57,317 shares of the company’s stock, valued at approximately $17,774,001.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Caterpillar Stock Performance

NYSE:CAT opened at $322.00 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.35 and a debt-to-equity ratio of 1.25. Caterpillar Inc. has a fifty-two week low of $204.04 and a fifty-two week high of $334.87. The stock has a market cap of $163.92 billion, a PE ratio of 15.99, a price-to-earnings-growth ratio of 1.22 and a beta of 1.15. The firm’s fifty day simple moving average is $288.94 and its 200-day simple moving average is $273.12.

Caterpillar (NYSE:CATGet Free Report) last posted its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share for the quarter, topping analysts’ consensus estimates of $4.76 by $0.47. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The business had revenue of $17.07 billion for the quarter, compared to analysts’ expectations of $17.06 billion. During the same period in the prior year, the company posted $3.86 EPS. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. Analysts expect that Caterpillar Inc. will post 20.52 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Monday, January 22nd will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, January 19th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.61%. Caterpillar’s dividend payout ratio (DPR) is presently 25.82%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CAT. The Goldman Sachs Group boosted their price objective on shares of Caterpillar from $274.00 to $357.00 and gave the stock a “buy” rating in a research report on Tuesday. Morgan Stanley began coverage on shares of Caterpillar in a research report on Monday, January 8th. They issued an “equal weight” rating and a $270.00 price target for the company. Stifel Nicolaus upped their price target on shares of Caterpillar from $285.00 to $293.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th. Robert W. Baird upped their price target on shares of Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a research report on Tuesday. Finally, TD Cowen upped their price target on shares of Caterpillar from $300.00 to $338.00 and gave the company an “outperform” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Caterpillar has an average rating of “Hold” and a consensus price target of $284.72.

Check Out Our Latest Report on CAT

Institutional Investors Weigh In On Caterpillar

Large investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers grew its stake in Caterpillar by 0.9% in the 2nd quarter. Cetera Investment Advisers now owns 70,597 shares of the industrial products company’s stock valued at $17,370,000 after acquiring an additional 638 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Caterpillar by 35.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 16,707 shares of the industrial products company’s stock valued at $4,111,000 after purchasing an additional 4,370 shares in the last quarter. Panagora Asset Management Inc. lifted its holdings in Caterpillar by 16.7% in the 3rd quarter. Panagora Asset Management Inc. now owns 367,655 shares of the industrial products company’s stock valued at $100,370,000 after purchasing an additional 52,576 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in Caterpillar by 36.8% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 14,773 shares of the industrial products company’s stock valued at $3,635,000 after purchasing an additional 3,974 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Caterpillar by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 9,532,245 shares of the industrial products company’s stock valued at $2,339,234,000 after purchasing an additional 156,608 shares in the last quarter. 69.20% of the stock is owned by institutional investors and hedge funds.

Caterpillar Company Profile

(Get Free Report)

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in the United States and internationally. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, tractors, excavators, telehandlers, motor graders, and pipelayers; compact track and multi-terrain, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.

Further Reading

Insider Buying and Selling by Quarter for Caterpillar (NYSE:CAT)

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