Lange Bob De Sells 21,194 Shares of Caterpillar Inc. (NYSE:CAT) Stock

Caterpillar Inc. (NYSE:CATGet Free Report) insider Lange Bob De sold 21,194 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the completion of the transaction, the insider now directly owns 61,092 shares of the company’s stock, valued at approximately $19,886,667.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Caterpillar Stock Down 1.5 %

Shares of NYSE CAT opened at $317.16 on Friday. The company’s 50-day simple moving average is $290.15 and its 200-day simple moving average is $273.53. Caterpillar Inc. has a 52-week low of $204.04 and a 52-week high of $334.87. The firm has a market cap of $161.46 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 1.57 and a beta of 1.15. 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 (NYSE:CATGet Free Report) last announced its earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $17.06 billion. During the same quarter last year, the business earned $3.86 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts predict that Caterpillar Inc. will post 20.96 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Monday, January 22nd will be given a $1.30 dividend. The ex-dividend date is Friday, January 19th. This represents a $5.20 annualized dividend and a dividend yield of 1.64%. Caterpillar’s dividend payout ratio (DPR) is 25.82%.

Wall Street Analysts Forecast Growth

CAT has been the subject of a number of research analyst reports. Sanford C. Bernstein raised their price target on shares of Caterpillar from $216.00 to $245.00 and gave the stock a “market perform” rating in a report on Thursday, December 21st. StockNews.com cut shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a report on Monday, November 20th. Morgan Stanley began coverage on shares of Caterpillar in a report on Monday, January 8th. They issued an “equal weight” rating and a $270.00 price target for the company. Wells Fargo & Company raised their target price on shares of Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Stifel Nicolaus raised their target price on shares of Caterpillar from $285.00 to $293.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $284.72.

Read Our Latest Stock Report on CAT

Institutional Trading of Caterpillar

Several institutional investors have recently modified their holdings of CAT. Cetera Investment Advisers boosted its position in Caterpillar by 0.9% during the second quarter. Cetera Investment Advisers now owns 70,597 shares of the industrial products company’s stock worth $17,370,000 after acquiring an additional 638 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Caterpillar by 35.4% during the second quarter. Geneos Wealth Management Inc. now owns 16,707 shares of the industrial products company’s stock worth $4,111,000 after acquiring an additional 4,370 shares during the last quarter. Panagora Asset Management Inc. boosted its position in Caterpillar by 16.7% during the third quarter. Panagora Asset Management Inc. now owns 367,655 shares of the industrial products company’s stock worth $100,370,000 after acquiring an additional 52,576 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in Caterpillar by 36.8% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 14,773 shares of the industrial products company’s stock worth $3,635,000 after acquiring an additional 3,974 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Caterpillar by 1.7% during the second quarter. Geode Capital Management LLC now owns 9,532,245 shares of the industrial products company’s stock worth $2,339,234,000 after acquiring an additional 156,608 shares during the last quarter. Institutional investors and hedge funds own 69.20% of the company’s stock.

About Caterpillar

(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.

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

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