Caterpillar Inc. (NYSE:CAT) Director David Maclennan Purchases 500 Shares of Stock

Caterpillar Inc. (NYSE:CAT) Director David Maclennan purchased 500 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was bought at an average price of $337.39 per share, for a total transaction of $168,695.00. Following the completion of the acquisition, the director now directly owns 5,738 shares in the company, valued at approximately $1,935,943.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

David Maclennan also recently made the following trade(s):

• On Friday, February 23rd, David Maclennan bought 350 shares of Caterpillar stock. The shares were acquired at an average price of $323.37 per share, for a total transaction of $113,179.50.

Caterpillar Stock Performance

NYSE CAT opened at $342.15 on Tuesday. The stock has a market capitalization of $167.33 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 1.44 and a beta of 1.19. Caterpillar Inc. has a twelve month low of $205.60 and a twelve month high of $382.01. The company has a current ratio of 1.35, a quick ratio of 0.83 and a debt-to-equity ratio of 1.41. The stock has a 50-day moving average of $352.22 and a 200 day moving average of $304.27.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. The company had revenue of $15.80 billion during the quarter, compared to analysts’ expectations of $16.07 billion. Sell-side analysts anticipate that Caterpillar Inc. will post 21.79 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $5.20 annualized dividend and a yield of 1.52%. Caterpillar’s dividend payout ratio (DPR) is currently 23.48%.

Analysts Set New Price Targets

CAT has been the topic of several research analyst reports. Robert W. Baird boosted their target price on Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 6th. Oppenheimer restated a “market perform” rating on shares of Caterpillar in a research note on Thursday, April 18th. Wells Fargo & Company lifted their price target on Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. HSBC lifted their price target on Caterpillar from $330.00 to $360.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Finally, Truist Financial assumed coverage on Caterpillar in a research report on Thursday, March 14th. They set a “buy” rating and a $390.00 price target for the company. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Caterpillar has an average rating of “Hold” and an average price target of $323.35.

Institutional Investors Weigh In On Caterpillar

Several large investors have recently bought and sold shares of the company. Metis Global Partners LLC increased its stake in Caterpillar by 0.8% during the 1st quarter. Metis Global Partners LLC now owns 19,279 shares of the industrial products company’s stock worth $7,064,000 after buying an additional 160 shares in the last quarter. Stokes Family Office LLC grew its position in shares of Caterpillar by 18.3% in the first quarter. Stokes Family Office LLC now owns 1,775 shares of the industrial products company’s stock valued at $650,000 after purchasing an additional 275 shares in the last quarter. Empirical Finance LLC grew its position in shares of Caterpillar by 3.4% in the first quarter. Empirical Finance LLC now owns 18,899 shares of the industrial products company’s stock valued at $6,925,000 after purchasing an additional 618 shares in the last quarter. Duality Advisers LP grew its position in shares of Caterpillar by 117.5% in the first quarter. Duality Advisers LP now owns 12,340 shares of the industrial products company’s stock valued at $4,522,000 after purchasing an additional 6,666 shares in the last quarter. Finally, CFO4Life Group LLC grew its position in shares of Caterpillar by 32.3% in the first quarter. CFO4Life Group LLC now owns 1,012 shares of the industrial products company’s stock valued at $371,000 after purchasing an additional 247 shares in the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Caterpillar Company Profile

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