Caterpillar (NYSE:CAT) Trading Up 0.7%

Caterpillar Inc. (NYSE:CATGet Free Report)’s share price shot up 0.7% during trading on Friday . The stock traded as high as $332.88 and last traded at $330.45. 718,648 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 2,541,922 shares. The stock had previously closed at $328.29.

Analyst Ratings Changes

Several brokerages recently commented on CAT. Evercore ISI lowered shares of Caterpillar from an “outperform” rating to an “in-line” rating and increased their price objective for the company from $321.00 to $338.00 in a research report on Tuesday, February 20th. Truist Financial began coverage on shares of Caterpillar in a research report on Thursday, March 14th. They issued a “buy” rating and a $390.00 price objective for the company. The Goldman Sachs Group increased their price objective on shares of Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. HSBC increased their price objective on shares of Caterpillar from $330.00 to $360.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Finally, TD Cowen raised their price target on shares of Caterpillar from $338.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $323.35.

View Our Latest Research Report on CAT

Caterpillar Stock Up 0.2 %

The firm has a market cap of $160.87 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 1.68 and a beta of 1.14. The business’s 50 day moving average price is $352.23 and its 200 day moving average price is $321.28. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.83 and a current ratio of 1.35.

Caterpillar (NYSE:CATGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. The business had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $16.07 billion. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. On average, equities analysts forecast that Caterpillar Inc. will post 21.81 EPS for the current year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, April 22nd were paid a $1.30 dividend. The ex-dividend date of this dividend was Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a yield of 1.58%. Caterpillar’s dividend payout ratio is currently 23.48%.

Insider Activity at Caterpillar

In related news, insider Lange Bob De sold 21,847 shares of Caterpillar stock in a transaction on Monday, May 13th. The shares were sold at an average price of $356.90, for a total value of $7,797,194.30. Following the sale, the insider now owns 71,115 shares of the company’s stock, valued at approximately $25,380,943.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Caterpillar news, insider Cheryl H. Johnson sold 1,508 shares of Caterpillar stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $340.00, for a total transaction of $512,720.00. Following the sale, the insider now owns 20,023 shares of the company’s stock, valued at approximately $6,807,820. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lange Bob De sold 21,847 shares of Caterpillar stock in a transaction on Monday, May 13th. The stock was sold at an average price of $356.90, for a total transaction of $7,797,194.30. Following the sale, the insider now directly owns 71,115 shares in the company, valued at approximately $25,380,943.50. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Caterpillar

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Trust Co. NA boosted its stake in Caterpillar by 0.3% during the 1st quarter. Private Trust Co. NA now owns 10,695 shares of the industrial products company’s stock worth $3,919,000 after purchasing an additional 30 shares during the last quarter. Southland Equity Partners LLC raised its holdings in shares of Caterpillar by 4.0% during the 1st quarter. Southland Equity Partners LLC now owns 784 shares of the industrial products company’s stock worth $287,000 after acquiring an additional 30 shares during the period. Davis Investment Partners LLC raised its holdings in shares of Caterpillar by 2.1% during the 1st quarter. Davis Investment Partners LLC now owns 1,454 shares of the industrial products company’s stock worth $541,000 after acquiring an additional 30 shares during the period. Exchange Capital Management Inc. raised its holdings in shares of Caterpillar by 3.3% during the 1st quarter. Exchange Capital Management Inc. now owns 1,016 shares of the industrial products company’s stock worth $372,000 after acquiring an additional 32 shares during the period. Finally, D Orazio & Associates Inc. raised its holdings in shares of Caterpillar by 4.0% during the 1st quarter. D Orazio & Associates Inc. now owns 835 shares of the industrial products company’s stock worth $306,000 after acquiring an additional 32 shares during the period. Institutional investors and hedge funds own 70.98% 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 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.

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