Joseph E. Creed Sells 5,004 Shares of Caterpillar Inc. (NYSE:CAT) Stock

Caterpillar Inc. (NYSE:CATGet Rating) insider Joseph E. Creed sold 5,004 shares of Caterpillar stock in a transaction on Wednesday, April 20th. The stock was sold at an average price of $235.00, for a total transaction of $1,175,940.00. Following the completion of the sale, the insider now owns 2,757 shares of the company’s stock, valued at approximately $647,895. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Caterpillar stock traded down $11.24 during midday trading on Friday, hitting $221.33. The company’s stock had a trading volume of 130,279 shares, compared to its average volume of 3,837,580. The firm has a market capitalization of $118.61 billion, a P/E ratio of 18.76, a PEG ratio of 1.54 and a beta of 0.96. The stock has a 50-day simple moving average of $211.77 and a 200-day simple moving average of $207.61. The company has a quick ratio of 0.99, a current ratio of 1.46 and a debt-to-equity ratio of 1.58. Caterpillar Inc. has a 1-year low of $179.67 and a 1-year high of $246.69.

Caterpillar (NYSE:CATGet Rating) last released its quarterly earnings data on Friday, January 28th. The industrial products company reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.23 by $0.46. Caterpillar had a return on equity of 35.57% and a net margin of 12.73%. The firm had revenue of $13.80 billion during the quarter, compared to analysts’ expectations of $13.22 billion. During the same quarter last year, the firm earned $2.12 earnings per share. The business’s revenue for the quarter was up 22.8% on a year-over-year basis. As a group, sell-side analysts predict that Caterpillar Inc. will post 12.37 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 20th. Shareholders of record on Monday, April 25th will be issued a dividend of $1.11 per share. The ex-dividend date of this dividend is Friday, April 22nd. This represents a $4.44 annualized dividend and a yield of 2.01%. Caterpillar’s dividend payout ratio (DPR) is currently 37.50%.

A number of hedge funds and other institutional investors have recently bought and sold shares of CAT. Crewe Advisors LLC increased its stake in shares of Caterpillar by 322.6% in the fourth quarter. Crewe Advisors LLC now owns 131 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 100 shares during the period. SkyView Investment Advisors LLC bought a new position in shares of Caterpillar in the fourth quarter worth about $31,000. Systematic Alpha Investments LLC bought a new position in shares of Caterpillar in the third quarter worth about $32,000. Annapolis Financial Services LLC grew its position in Caterpillar by 67.9% during the third quarter. Annapolis Financial Services LLC now owns 183 shares of the industrial products company’s stock worth $35,000 after buying an additional 74 shares in the last quarter. Finally, Sierra Capital LLC acquired a new stake in Caterpillar during the fourth quarter worth about $38,000. Institutional investors own 67.11% of the company’s stock.

A number of research firms have recently issued reports on CAT. JPMorgan Chase & Co. raised their price target on shares of Caterpillar from $241.00 to $257.00 and gave the stock an “overweight” rating in a research report on Monday, March 28th. Wells Fargo & Company started coverage on Caterpillar in a research report on Friday, March 11th. They set an “equal weight” rating and a $231.00 price target on the stock. UBS Group increased their price target on Caterpillar from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 12th. Jefferies Financial Group upgraded Caterpillar from a “hold” rating to a “buy” rating and raised their target price for the company from $215.00 to $260.00 in a research report on Tuesday, March 8th. Finally, Credit Suisse Group lowered their target price on Caterpillar from $275.00 to $255.00 and set an “outperform” rating on the stock in a research report on Monday, January 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $241.35.

Caterpillar Company Profile (Get Rating)

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact track and multi-terrain loaders, excavators, motorgraders, pipelayers, road reclaimers, site prep tractors, skid steer loaders, telehandlers, and utility vehicles; mini, small, medium, and large excavators; compact, small, and medium wheel loaders; track-type tractors and loaders; and wheel excavators.

Further Reading

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

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