Caterpillar Inc. (NYSE:CAT) Director Sells 1,300 Shares of Stock

Caterpillar Inc. (NYSE:CAT - Get Free Report) Director Daniel M. Dickinson sold 1,300 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $418.00, for a total value of $543,400.00. Following the completion of the sale, the director now directly owns 4,976 shares of the company's stock, valued at $2,079,968. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Caterpillar Price Performance

Shares of NYSE:CAT traded down $8.67 during midday trading on Thursday, reaching $408.21. 3,184,459 shares of the company's stock were exchanged, compared to its average volume of 2,628,640. The firm has a market capitalization of $197.94 billion, a PE ratio of 18.92, a price-to-earnings-growth ratio of 1.85 and a beta of 1.10. The company's 50 day simple moving average is $376.06 and its two-hundred day simple moving average is $352.50. Caterpillar Inc. has a 12 month low of $233.82 and a 12 month high of $418.50. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing analysts' consensus estimates of $5.33 by ($0.16). The company had revenue of $16.11 billion for the quarter, compared to analyst estimates of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The firm's revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.52 earnings per share. Equities research analysts expect that Caterpillar Inc. will post 21.77 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st will be issued a dividend of $1.41 per share. The ex-dividend date of this dividend is Monday, October 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.38%. Caterpillar's payout ratio is presently 26.15%.

Institutional Investors Weigh In On Caterpillar

Several large investors have recently made changes to their positions in the company. International Assets Investment Management LLC grew its stake in Caterpillar by 39,534.0% during the third quarter. International Assets Investment Management LLC now owns 2,136,667 shares of the industrial products company's stock worth $8,356,930,000 after buying an additional 2,131,276 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Caterpillar by 306.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 407,677 shares of the industrial products company's stock valued at $149,385,000 after purchasing an additional 307,479 shares during the last quarter. Altshuler Shaham Ltd boosted its stake in Caterpillar by 3,319.7% in the second quarter. Altshuler Shaham Ltd now owns 275,011 shares of the industrial products company's stock worth $91,606,000 after purchasing an additional 266,969 shares in the last quarter. Swedbank AB bought a new stake in shares of Caterpillar during the first quarter worth $97,042,000. Finally, Capital International Investors raised its holdings in shares of Caterpillar by 99.9% in the first quarter. Capital International Investors now owns 488,660 shares of the industrial products company's stock valued at $179,060,000 after buying an additional 244,253 shares during the last quarter. Institutional investors own 70.98% of the company's stock.

Wall Street Analyst Weigh In

CAT has been the subject of a number of analyst reports. Bank of America boosted their price objective on shares of Caterpillar from $376.00 to $434.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. Citigroup decreased their price target on shares of Caterpillar from $445.00 to $435.00 and set a "buy" rating for the company in a report on Thursday, October 31st. StockNews.com lowered Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, September 24th. Barclays boosted their price objective on Caterpillar from $315.00 to $335.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 7th. Finally, Truist Financial lifted their price target on Caterpillar from $399.00 to $456.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $358.19.

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.