Caterpillar Inc. (NYSE:CAT) CAO Sells $368,788.64 in Stock

Caterpillar Inc. (NYSE:CAT - Get Free Report) CAO William E. Schaupp sold 968 shares of Caterpillar stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $380.98, for a total value of $368,788.64. Following the transaction, the chief accounting officer now directly owns 1,686 shares in the company, valued at approximately $642,332.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Caterpillar Trading Down 0.8 %

NYSE CAT traded down $3.11 during trading on Monday, hitting $376.52. The stock had a trading volume of 1,792,112 shares, compared to its average volume of 2,620,341. Caterpillar Inc. has a one year low of $233.57 and a one year high of $403.60. The stock has a 50 day simple moving average of $372.91 and a 200 day simple moving average of $351.45. The stock has a market capitalization of $182.57 billion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 1.85 and a beta of 1.10. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.78 and a current ratio of 1.40.

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 analysts' consensus estimates of $5.33 by ($0.16). The business had revenue of $16.11 billion for 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 revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.52 EPS. Sell-side analysts predict that Caterpillar Inc. will post 21.82 earnings per share for the current year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st will be given a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Monday, October 21st. Caterpillar's dividend payout ratio (DPR) is presently 26.15%.

Hedge Funds Weigh In On Caterpillar

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bbjs Financial Advisors LLC bought a new position in Caterpillar during the 2nd quarter worth about $28,000. Financial Connections Group Inc. purchased a new position in Caterpillar during the second quarter valued at approximately $28,000. Fairscale Capital LLC bought a new position in Caterpillar in the second quarter worth approximately $36,000. Capital Performance Advisors LLP purchased a new stake in Caterpillar during the third quarter worth $36,000. Finally, POM Investment Strategies LLC boosted its position in Caterpillar by 2,160.0% during the 2nd quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 108 shares in the last quarter. Institutional investors own 70.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Citigroup decreased their price objective on shares of Caterpillar from $445.00 to $435.00 and set a "buy" rating on the stock in a research report on Thursday. UBS Group boosted their price objective on Caterpillar from $285.00 to $295.00 and gave the company a "sell" rating in a research report on Monday. StockNews.com cut Caterpillar from a "buy" rating to a "hold" rating in a research report on Tuesday, September 24th. Truist Financial boosted their price target on Caterpillar from $399.00 to $456.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Finally, Barclays increased their price objective on shares of Caterpillar from $315.00 to $335.00 and gave the company an "equal weight" rating in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price 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.