October 17, 2021

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Caterpillar Inc. (NYSE:CAT) Major Shareholder Sells $2,448,255.96 in Stock

Caterpillar Inc. (NYSE:CAT) major shareholder Joseph E. Creed sold 27,306 shares of the company’s stock in a transaction dated Friday, June 4th. The shares were sold at an average price of $89.66, for a total transaction of $2,448,255.96. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Joseph E. Creed also recently made the following trade(s):

  • On Friday, June 4th, Joseph E. Creed sold 7,699 shares of Caterpillar stock. The shares were sold at an average price of $245.12, for a total transaction of $1,887,178.88.

Shares of NYSE CAT opened at $211.64 on Thursday. Caterpillar Inc. has a one year low of $130.21 and a one year high of $246.69. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.60 and a quick ratio of 1.15. The company’s 50 day simple moving average is $227.99. The company has a market capitalization of $115.93 billion, a PE ratio of 29.24, a P/E/G ratio of 1.86 and a beta of 0.92.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, April 29th. The industrial products company reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.94. The business had revenue of $11.89 billion for the quarter, compared to analysts’ expectations of $11 billion. Caterpillar had a net margin of 7.99% and a return on equity of 26.63%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the business earned $1.60 earnings per share. Sell-side analysts forecast that Caterpillar Inc. will post 9.62 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 20th. Stockholders of record on Tuesday, July 20th will be paid a dividend of $1.11 per share. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Monday, July 19th. This is a positive change from Caterpillar’s previous quarterly dividend of $1.03. Caterpillar’s dividend payout ratio is 62.80%.

Several large investors have recently added to or reduced their stakes in the company. Nwam LLC boosted its stake in shares of Caterpillar by 1.1% during the first quarter. Nwam LLC now owns 4,023 shares of the industrial products company’s stock valued at $933,000 after purchasing an additional 44 shares during the period. Essex Savings Bank boosted its stake in shares of Caterpillar by 0.8% during the first quarter. Essex Savings Bank now owns 5,588 shares of the industrial products company’s stock valued at $1,206,000 after purchasing an additional 45 shares during the period. Los Angeles Capital Management LLC boosted its stake in shares of Caterpillar by 0.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 12,494 shares of the industrial products company’s stock valued at $2,274,000 after purchasing an additional 47 shares during the period. Gradient Capital Advisors LLC boosted its stake in shares of Caterpillar by 3.9% during the first quarter. Gradient Capital Advisors LLC now owns 1,247 shares of the industrial products company’s stock valued at $289,000 after purchasing an additional 47 shares during the period. Finally, J. W. Coons Advisors LLC lifted its stake in Caterpillar by 1.0% in the first quarter. J. W. Coons Advisors LLC now owns 4,791 shares of the industrial products company’s stock worth $1,112,000 after acquiring an additional 48 shares during the period. 68.11% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on CAT shares. Stifel Nicolaus upped their price target on Caterpillar from $222.00 to $245.00 and gave the company a “buy” rating in a research report on Monday, May 3rd. Morgan Stanley upped their price target on Caterpillar from $168.00 to $181.00 and gave the company an “underweight” rating in a research report on Friday, April 30th. BMO Capital Markets upped their price target on Caterpillar from $190.00 to $230.00 and gave the company a “market perform” rating in a research report on Friday, April 30th. UBS Group upped their price target on Caterpillar from $230.00 to $252.00 and gave the company a “neutral” rating in a research report on Wednesday, May 12th. Finally, Wolfe Research began coverage on Caterpillar in a research report on Monday, April 19th. They set an “outperform” rating and a $265.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $227.55.

Caterpillar Company Profile

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

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

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