Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Caterpillar Inc. NYSE: CAT. In a filing disclosed on October 22nd, the Representative disclosed that they had bought between $1,001 and $15,000 in Caterpillar stock on October 21st.
Representative Marjorie Taylor Greene also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Visa NYSE: V on 10/21/2024.
- Purchased $1,001 - $15,000 in shares of Berkshire Hathaway NYSE: BRK.B on 10/21/2024.
- Purchased $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 10/21/2024.
- Purchased $1,001 - $15,000 in shares of ASML NASDAQ: ASML on 10/21/2024.
- Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 10/21/2024.
- Purchased $1,001 - $15,000 in shares of Nestlé OTCMKTS: NSRGY on 10/21/2024.
- Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 10/21/2024.
- Purchased $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 10/21/2024.
- Purchased $1,001 - $15,000 in shares of Blackstone NYSE: BX on 10/21/2024.
- Purchased $1,001 - $15,000 in shares of Costco Wholesale NASDAQ: COST on 10/4/2024.
Caterpillar Price Performance
Caterpillar stock traded down $2.73 during midday trading on Wednesday, hitting $385.73. The company's stock had a trading volume of 1,500,845 shares, compared to its average volume of 2,631,329. Caterpillar Inc. has a 12 month low of $223.76 and a 12 month high of $403.60. The company has a quick ratio of 0.78, a current ratio of 1.28 and a debt-to-equity ratio of 1.39. The stock's 50-day moving average price is $365.94 and its 200-day moving average price is $350.37. The company has a market capitalization of $188.64 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 1.85 and a beta of 1.10.
Caterpillar (NYSE:CAT - Get Free Report) last issued its earnings results on Tuesday, August 6th. The industrial products company reported $5.99 earnings per share for the quarter, topping analysts' consensus estimates of $5.53 by $0.46. The firm had revenue of $16.69 billion during the quarter, compared to analysts' expectations of $16.91 billion. Caterpillar had a net margin of 16.58% and a return on equity of 59.88%. The firm's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the firm posted $5.55 earnings per share. Analysts anticipate that Caterpillar Inc. will post 21.91 earnings per share for the current fiscal year.
Caterpillar Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, October 21st will be paid a dividend of $1.41 per share. The ex-dividend date of this dividend is Monday, October 21st. This represents a $5.64 annualized dividend and a yield of 1.46%. Caterpillar's dividend payout ratio is currently 25.46%.
Insider Transactions at Caterpillar
In other news, insider Anthony D. Fassino sold 3,185 shares of the business's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $351.36, for a total transaction of $1,119,081.60. Following the sale, the insider now directly owns 33,442 shares in the company, valued at approximately $11,750,181.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Anthony D. Fassino sold 3,185 shares of the company's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $351.36, for a total value of $1,119,081.60. Following the sale, the insider now owns 33,442 shares of the company's stock, valued at approximately $11,750,181.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cheryl H. Johnson sold 2,975 shares of Caterpillar stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $342.48, for a total transaction of $1,018,878.00. Following the transaction, the insider now directly owns 15,615 shares of the company's stock, valued at $5,347,825.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.33% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently weighed in on CAT shares. StockNews.com cut Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, September 24th. Barclays lifted their target price on shares of Caterpillar from $315.00 to $335.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. raised their price objective on shares of Caterpillar from $435.00 to $500.00 and gave the stock an "overweight" rating in a research note on Monday, October 14th. Truist Financial boosted their target price on shares of Caterpillar from $399.00 to $456.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Finally, Citigroup raised their target price on Caterpillar from $380.00 to $445.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $355.50.
Get Our Latest Stock Report on CAT
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the stock. Thompson Investment Management Inc. acquired a new position in shares of Caterpillar during the 1st quarter worth about $27,000. Bbjs Financial Advisors LLC bought a new stake in shares of Caterpillar in the second quarter valued at approximately $28,000. Financial Connections Group Inc. bought a new position in Caterpillar during the second quarter worth $28,000. Fairman Group LLC acquired a new position in Caterpillar during the 1st quarter valued at $29,000. Finally, Fairscale Capital LLC bought a new stake in Caterpillar in the 2nd quarter valued at $36,000. 70.98% of the stock is owned by institutional investors.
About Representative Greene
Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia's 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia's 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor's degree in business administration from the University of Georgia. Greene's career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.
Caterpillar Company Profile
(
Get Free Report)
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.
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