Traders Buy Caterpillar, Inc. (CAT) on Weakness

Traders purchased shares of Caterpillar, Inc. (NYSE:CAT) on weakness during trading hours on Monday. $81.76 million flowed into the stock on the tick-up and $45.53 million flowed out of the stock on the tick-down, for a money net flow of $36.23 million into the stock. Of all equities tracked, Caterpillar had the 19th highest net in-flow for the day. Caterpillar traded down ($0.05) for the day and closed at $126.88

A number of research firms recently weighed in on CAT. Wells Fargo & Company restated an “outperform” rating on shares of Caterpillar in a report on Wednesday, July 26th. Vetr upgraded shares of Caterpillar from a “strong sell” rating to a “buy” rating and set a $120.03 target price on the stock in a report on Thursday, August 10th. Deutsche Bank AG restated a “hold” rating and issued a $121.00 target price (up previously from $120.00) on shares of Caterpillar in a report on Monday. Axiom Securities restated a “sell” rating on shares of Caterpillar in a report on Thursday, July 13th. Finally, Citigroup Inc. upped their target price on shares of Caterpillar from $115.00 to $125.00 and gave the stock a “neutral” rating in a report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Caterpillar presently has an average rating of “Hold” and an average price target of $114.08.

The company has a 50-day moving average of $120.60 and a 200-day moving average of $107.99. The firm has a market capitalization of $74.98 billion, a P/E ratio of 708.83 and a beta of 1.25. Caterpillar also was the target of some unusual options trading activity on Friday. Investors bought 27,892 put options on the company. This is an increase of 293% compared to the typical volume of 7,093 put options.

Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.23. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The business had revenue of $11.33 billion during the quarter, compared to analysts’ expectations of $10.96 billion. During the same period in the prior year, the company earned $1.09 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis. On average, analysts predict that Caterpillar, Inc. will post $5.25 earnings per share for the current year.

In other news, insider Bradley M. Halverson sold 182,612 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $114.05, for a total value of $20,826,898.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Suzette M. Long sold 13,859 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $114.30, for a total transaction of $1,584,083.70. Following the completion of the sale, the insider now directly owns 18,188 shares of the company’s stock, valued at $2,078,888.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 201,471 shares of company stock valued at $22,979,332. 0.14% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in CAT. Girard Partners LTD. increased its stake in shares of Caterpillar by 26.9% in the first quarter. Girard Partners LTD. now owns 7,127 shares of the industrial products company’s stock worth $661,000 after purchasing an additional 1,510 shares in the last quarter. Henderson Group PLC increased its stake in shares of Caterpillar by 0.6% in the first quarter. Henderson Group PLC now owns 168,943 shares of the industrial products company’s stock worth $15,672,000 after purchasing an additional 1,000 shares in the last quarter. HPM Partners LLC purchased a new stake in shares of Caterpillar in the first quarter worth $296,000. Checchi Capital Advisers LLC increased its stake in shares of Caterpillar by 9.2% in the first quarter. Checchi Capital Advisers LLC now owns 5,863 shares of the indu

A number of research firms recently weighed in on CAT. Wells Fargo & Company restated an “outperform” rating on shares of Caterpillar in a report on Wednesday, July 26th. Vetr upgraded shares of Caterpillar from a “strong sell” rating to a “buy” rating and set a $120.03 target price on the stock in a report on Thursday, August 10th. Deutsche Bank AG restated a “hold” rating and issued a $121.00 target price (up previously from $120.00) on shares of Caterpillar in a report on Monday. Axiom Securities restated a “sell” rating on shares of Caterpillar in a report on Thursday, July 13th. Finally, Citigroup Inc. upped their target price on shares of Caterpillar from $115.00 to $125.00 and gave the stock a “neutral” rating in a report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Caterpillar presently has an average rating of “Hold” and an average price target of $114.08.

The company has a 50-day moving average of $120.60 and a 200-day moving average of $107.99. The firm has a market capitalization of $74.98 billion, a P/E ratio of 708.83 and a beta of 1.25. Caterpillar also was the target of some unusual options trading activity on Friday. Investors bought 27,892 put options on the company. This is an increase of 293% compared to the typical volume of 7,093 put options.

Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.23. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The business had revenue of $11.33 billion during the quarter, compared to analysts’ expectations of $10.96 billion. During the same period in the prior year, the company earned $1.09 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis. On average, analysts predict that Caterpillar, Inc. will post $5.25 earnings per share for the current year.

In other news, insider Bradley M. Halverson sold 182,612 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $114.05, for a total value of $20,826,898.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Suzette M. Long sold 13,859 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $114.30, for a total transaction of $1,584,083.70. Following the completion of the sale, the insider now directly owns 18,188 shares of the company’s stock, valued at $2,078,888.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 201,471 shares of company stock valued at $22,979,332. 0.14% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in CAT. Girard Partners LTD. increased its stake in shares of Caterpillar by 26.9% in the first quarter. Girard Partners LTD. now owns 7,127 shares of the industrial products company’s stock worth $661,000 after purchasing an additional 1,510 shares in the last quarter. Henderson Group PLC increased its stake in shares of Caterpillar by 0.6% in the first quarter. Henderson Group PLC now owns 168,943 shares of the industrial products company’s stock worth $15,672,000 after purchasing an additional 1,000 shares in the last quarter. HPM Partners LLC purchased a new stake in shares of Caterpillar in the first quarter worth $296,000. Checchi Capital Advisers LLC increased its stake in shares of Caterpillar by 9.2% in the first quarter. Checchi Capital Advisers LLC now owns 5,863 shares of the industrial products company’s stock worth $544,000 after purchasing an additional 495 shares in the last quarter. Finally, Pinnacle Financial Partners Inc. increased its stake in shares of Caterpillar by 19.3% in the first quarter. Pinnacle Financial Partners Inc. now owns 3,403 shares of the industrial products company’s stock worth $316,000 after purchasing an additional 551 shares in the last quarter. 69.24% of the stock is owned by hedge funds and other institutional investors.

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