Caterpillar Inc. (NYSE:CAT) CFO Andrew R. J. Bonfield Sells 10,000 Shares

Caterpillar Inc. (NYSE:CAT - Get Free Report) CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the sale, the chief financial officer now directly owns 45,182 shares in the company, valued at $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Caterpillar Trading Up 1.4 %

Shares of CAT stock traded up $5.48 on Friday, hitting $386.03. The stock had a trading volume of 2,596,820 shares, compared to its average volume of 1,595,788. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. The firm has a market capitalization of $186.38 billion, a P/E ratio of 17.90, a P/E/G ratio of 1.72 and a beta of 1.13. Caterpillar Inc. has a 1 year low of $277.66 and a 1 year high of $418.50. The company's 50 day moving average price is $380.09 and its 200-day moving average price is $367.03.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.16). The firm had revenue of $16.11 billion during the quarter, compared to analysts' expectations of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. Caterpillar's quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.52 EPS. Analysts anticipate that Caterpillar Inc. will post 21.68 earnings per share for the current year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be issued a $1.41 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.46%. Caterpillar's dividend payout ratio is presently 26.15%.

Institutional Investors Weigh In On Caterpillar

Several large investors have recently bought and sold shares of CAT. E Fund Management Co. Ltd. increased its holdings in Caterpillar by 301.4% during the 2nd quarter. E Fund Management Co. Ltd. now owns 3,091 shares of the industrial products company's stock worth $1,030,000 after purchasing an additional 2,321 shares during the period. Argent Trust Co increased its holdings in Caterpillar by 1.3% during the 2nd quarter. Argent Trust Co now owns 9,880 shares of the industrial products company's stock worth $3,291,000 after purchasing an additional 126 shares during the period. Seven Eight Capital LP purchased a new stake in Caterpillar during the 2nd quarter worth about $523,000. Altrius Capital Management Inc increased its holdings in Caterpillar by 2.4% during the 2nd quarter. Altrius Capital Management Inc now owns 13,772 shares of the industrial products company's stock worth $4,588,000 after purchasing an additional 318 shares during the period. Finally, Garner Asset Management Corp boosted its position in shares of Caterpillar by 1.4% during the 2nd quarter. Garner Asset Management Corp now owns 2,277 shares of the industrial products company's stock worth $759,000 after acquiring an additional 32 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

Analyst Ratings Changes

CAT has been the topic of a number of research analyst reports. Truist Financial lowered their price target on Caterpillar from $471.00 to $455.00 and set a "buy" rating on the stock in a research note on Thursday. StockNews.com lowered Caterpillar from a "buy" rating to a "hold" rating in a research note on Friday. JPMorgan Chase & Co. boosted their price objective on Caterpillar from $500.00 to $515.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Citigroup lowered their price objective on Caterpillar from $460.00 to $420.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, Bank of America boosted their price objective on Caterpillar from $376.00 to $434.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $380.60.

Caterpillar Company Profile

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.