Traders Buy Shares of Caterpillar (CAT) on Weakness

Traders bought shares of Caterpillar Inc. (NYSE:CAT) on weakness during trading hours on Tuesday. $230.06 million flowed into the stock on the tick-up and $168.20 million flowed out of the stock on the tick-down, for a money net flow of $61.86 million into the stock. Of all companies tracked, Caterpillar had the 7th highest net in-flow for the day. Caterpillar traded down ($0.54) for the day and closed at $157.04

A number of research firms recently weighed in on CAT. BMO Capital Markets upped their price target on Caterpillar from $165.00 to $195.00 and gave the stock an “outperform” rating in a report on Thursday. ValuEngine raised Caterpillar from a “hold” rating to a “buy” rating in a report on Sunday. Vetr upgraded Caterpillar from a “strong sell” rating to a “sell” rating and set a $141.73 price target for the company in a research report on Thursday, December 28th. Citigroup upped their price target on Caterpillar from $145.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, December 21st. Finally, OTR Global lowered Caterpillar to a “positive” rating in a research report on Monday, December 18th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $141.72.

The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $93,860.00, a P/E ratio of 109.58, a price-to-earnings-growth ratio of 1.95 and a beta of 1.29.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.68. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The company had revenue of $11.41 billion for the quarter, compared to analysts’ expectations of $10.69 billion. During the same period last year, the firm earned $0.85 earnings per share. Caterpillar’s quarterly revenue was up 24.6% on a year-over-year basis. equities research analysts forecast that Caterpillar Inc. will post 6.45 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, January 22nd will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Friday, January 19th. Caterpillar’s dividend payout ratio is currently 216.67%.

In other Caterpillar news, insider Bradley M. Halverson sold 2,600 shares of Caterpillar stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $137.67, for a total value of $357,942.00. Following the sale, the insider now owns 5,214 shares of the company’s stock, valued at approximately $717,811.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas A. Pellette sold 24,547 shares of Caterpillar stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $135.69, for a total transaction of $3,330,782.43. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,989 shares of company stock worth $7,235,850. Corporate insiders own 0.14% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Cullinan Associates Inc. grew its stake in shares of Caterpillar by 4.7% during the 2nd quarter. Cullinan Associates Inc. now owns 22,130 shares of the industrial products company’s stock valued at $2,378,000 after buying an additional 1,000 shares during the period. Trust Co. of Toledo NA OH grew its stake in shares of Caterpillar by 79.3% during the 2nd quarter. Trust Co. of Toledo NA OH now owns 5,792 shares of the industrial products company’s stock valued at $622,000 after buying an additional 2,561 shares during the period. Fisher Asset Management LLC grew its stake in shares of Caterpillar by 36.6% during the 2nd quarter. Fisher Asset Management LLC now owns 6,193 shares of the industrial products company’s stock valued at $665,000 after buying an additional 1,659 shares during the period. Sanders Morris Harris LLC purchased a new stake in shares of Caterpillar during the 2nd quarter valued at $226,000. Finally, National Pension Service grew its stake in shares of Caterpillar by 9.0% during the 2nd quarter. National Pension Service now owns 473,823 shares of the industrial products company’s stock valued at $50,055,000 after buying an additional 39,272 shares during the period. Institutional investors own 68.54% of the company’s stock.

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Caterpillar Company Profile

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