Investors Sell Shares of Caterpillar (CAT) on Strength (CAT)

Investors sold shares of Caterpillar Inc. (NYSE:CAT) on strength during trading hours on Tuesday. $168.40 million flowed into the stock on the tick-up and $228.09 million flowed out of the stock on the tick-down, for a money net flow of $59.69 million out of the stock. Of all companies tracked, Caterpillar had the 19th highest net out-flow for the day. Caterpillar traded up $0.40 for the day and closed at $166.43

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Caterpillar from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $161.96 to $200.00 in a research note on Monday. Vetr lowered shares of Caterpillar from a “sell” rating to a “strong sell” rating and set a $141.37 price target for the company. in a research note on Thursday, January 4th. UBS Group set a $180.00 price target on shares of Caterpillar and gave the stock a “buy” rating in a research note on Friday. They noted that the move was a valuation call. ValuEngine upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $195.00 price target (up from $165.00) on shares of Caterpillar in a research note on Thursday, January 4th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $145.87.

The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.04 and a current ratio of 1.44. The company has a market cap of $99,010.00, a PE ratio of 115.58, a PEG ratio of 2.01 and a beta of 1.29.

Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.68. The company had revenue of $11.41 billion during the quarter, compared to analyst estimates of $10.69 billion. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 earnings per share. equities analysts anticipate that Caterpillar Inc. will post 6.46 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be given a $0.78 dividend. The ex-dividend date of this dividend is Friday, January 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.87%. Caterpillar’s payout ratio is currently 216.67%.

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

Several institutional investors and hedge funds have recently bought and sold shares of the business. Beach Investment Management LLC. purchased a new position in shares of Caterpillar in the second quarter worth $231,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Caterpillar by 9.8% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,071 shares of the industrial products company’s stock worth $5,995,000 after buying an additional 4,291 shares in the last quarter. Wealthsource Partners LLC purchased a new position in shares of Caterpillar in the second quarter worth $316,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Caterpillar by 18.5% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 152,100 shares of the industrial products company’s stock worth $18,979,000 after buying an additional 23,749 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Caterpillar by 11.7% in the second quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock worth $2,107,684,000 after buying an additional 2,052,300 shares in the last quarter. Institutional investors and hedge funds own 68.54% of the company’s stock.

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