Caterpillar Inc. (NYSE:CAT) Insider Lange Bob De Sells 11,000 Shares of Stock

Caterpillar Inc. (NYSE:CATGet Rating) insider Lange Bob De sold 11,000 shares of the stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $250.00, for a total value of $2,750,000.00. Following the sale, the insider now owns 44,559 shares of the company’s stock, valued at $11,139,750. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Caterpillar Stock Up 1.6 %

Shares of NYSE:CAT opened at $250.51 on Wednesday. Caterpillar Inc. has a 52-week low of $160.60 and a 52-week high of $250.97. The firm has a market capitalization of $130.37 billion, a P/E ratio of 18.19, a P/E/G ratio of 1.35 and a beta of 1.11. The stock has a 50 day moving average price of $234.88 and a 200-day moving average price of $202.01. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.85 and a current ratio of 1.41.

Caterpillar (NYSE:CATGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The industrial products company reported $3.95 earnings per share for the quarter, beating analysts’ consensus estimates of $3.19 by $0.76. Caterpillar had a return on equity of 41.76% and a net margin of 13.02%. The company had revenue of $14.99 billion during the quarter, compared to analyst estimates of $14.34 billion. As a group, equities research analysts anticipate that Caterpillar Inc. will post 13.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 17th. Investors of record on Friday, January 20th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Thursday, January 19th. Caterpillar’s dividend payout ratio (DPR) is presently 34.86%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Grant GrossMendelsohn LLC bought a new position in Caterpillar during the 4th quarter valued at approximately $232,000. Norway Savings Bank boosted its stake in Caterpillar by 5.1% during the 4th quarter. Norway Savings Bank now owns 3,395 shares of the industrial products company’s stock valued at $814,000 after purchasing an additional 165 shares during the last quarter. Avitas Wealth Management LLC boosted its stake in Caterpillar by 37.7% during the 4th quarter. Avitas Wealth Management LLC now owns 8,737 shares of the industrial products company’s stock valued at $2,093,000 after purchasing an additional 2,393 shares during the last quarter. McGuire Investment Group LLC boosted its stake in Caterpillar by 2.9% during the 4th quarter. McGuire Investment Group LLC now owns 11,062 shares of the industrial products company’s stock valued at $2,650,000 after purchasing an additional 314 shares during the last quarter. Finally, Apella Capital LLC purchased a new stake in Caterpillar during the 4th quarter valued at $201,000. Institutional investors own 68.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Caterpillar from $205.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, October 6th. Cowen increased their target price on Caterpillar from $240.00 to $264.00 in a report on Friday, December 9th. Stifel Nicolaus increased their target price on Caterpillar from $260.00 to $271.00 and gave the company a “buy” rating in a report on Monday, December 19th. StockNews.com started coverage on Caterpillar in a research report on Wednesday, October 12th. They set a “buy” rating for the company. Finally, Robert W. Baird upped their price target on Caterpillar from $224.00 to $242.00 in a research report on Thursday, October 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.63.

Caterpillar Company Profile

(Get Rating)

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

Further Reading

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

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