Daniel M. Dickinson Sells 1,300 Shares of Caterpillar Inc. (NYSE:CAT) Stock

Caterpillar Inc. (NYSE:CAT) Director Daniel M. Dickinson sold 1,300 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 4,976 shares of the company’s stock, valued at $2,079,968. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Caterpillar Stock Down 3.6 %

Shares of NYSE CAT opened at $393.37 on Friday. The stock has a market capitalization of $190.75 billion, a P/E ratio of 18.24, a PEG ratio of 2.06 and a beta of 1.10. Caterpillar Inc. has a one year low of $233.82 and a one year high of $418.50. The firm’s 50 day simple moving average is $376.80 and its two-hundred day simple moving average is $352.75. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86.

Caterpillar (NYSE:CAT) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). The business had revenue of $16.11 billion during the quarter, compared to analysts’ expectations of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. Caterpillar’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.52 EPS. As a group, analysts expect that Caterpillar Inc. will post 21.69 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st will be paid a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Monday, October 21st. Caterpillar’s dividend payout ratio (DPR) is presently 26.15%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Barclays raised their target price on Caterpillar from $315.00 to $335.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 7th. Robert W. Baird boosted their price objective on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research note on Thursday, October 31st. Morgan Stanley cut shares of Caterpillar from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $349.00 to $332.00 in a research note on Monday, October 14th. Truist Financial upped their price target on shares of Caterpillar from $399.00 to $456.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Evercore ISI reduced their target price on Caterpillar from $338.00 to $321.00 and set an “in-line” rating for the company in a research report on Monday, August 19th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $362.40.

Hedge Funds Weigh In On Caterpillar

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bbjs Financial Advisors LLC purchased a new stake in shares of Caterpillar during the second quarter valued at approximately $28,000. Financial Connections Group Inc. bought a new stake in Caterpillar during the 2nd quarter valued at $28,000. Fairscale Capital LLC purchased a new stake in Caterpillar during the 2nd quarter valued at $36,000. Capital Performance Advisors LLP bought a new stake in Caterpillar in the 3rd quarter worth $36,000. Finally, POM Investment Strategies LLC increased its position in shares of Caterpillar by 2,160.0% in the second 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 during the period. 70.98% of the stock is currently owned by institutional investors.

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.