Traders Sell Shares of Caterpillar (CAT) on Strength (CAT)

Traders sold shares of Caterpillar, Inc. (NYSE:CAT) on strength during trading hours on Wednesday. $67.48 million flowed into the stock on the tick-up and $140.54 million flowed out of the stock on the tick-down, for a money net flow of $73.06 million out of the stock. Of all stocks tracked, Caterpillar had the 0th highest net out-flow for the day. Caterpillar traded up $0.20 for the day and closed at $140.34

A number of equities research analysts have recently commented on the company. BMO Capital Markets raised their target price on Caterpillar from $130.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, September 14th. Vetr upgraded Caterpillar from a “sell” rating to a “hold” rating and set a $131.05 target price on the stock in a research report on Thursday, October 19th. Zacks Investment Research cut Caterpillar from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Argus raised their target price on Caterpillar from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Jefferies Group restated a “hold” rating and set a $100.00 target price on shares of Caterpillar in a research report on Tuesday, August 29th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $136.41.

The company has a debt-to-equity ratio of 1.58, a current ratio of 1.44 and a quick ratio of 1.04. The company has a market capitalization of $83,492.98, a P/E ratio of 25.29, a price-to-earnings-growth ratio of 2.12 and a beta of 1.29.

Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.68. The business had revenue of $11.41 billion for the quarter, compared to analyst estimates of $10.69 billion. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The business’s revenue was up 24.6% on a year-over-year basis. During the same period last year, the company posted $0.85 EPS. analysts forecast that Caterpillar, Inc. will post 6.41 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, October 23rd were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Friday, October 20th. Caterpillar’s payout ratio is presently 216.67%.

In other news, insider Lange Bob De sold 1,572 shares of Caterpillar stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $137.58, for a total transaction of $216,275.76. Following the sale, the insider now owns 11,096 shares of the company’s stock, valued at approximately $1,526,587.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Thomas A. Pellette sold 24,547 shares of Caterpillar stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $135.69, for a total transaction of $3,330,782.43. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,989 shares of company stock worth $7,235,850. Corporate insiders own 0.14% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Baker Ellis Asset Management LLC acquired a new stake in Caterpillar in the 2nd quarter valued at approximately $104,000. Motco increased its holdings in Caterpillar by 264.9% in the 2nd quarter. Motco now owns 989 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 718 shares during the last quarter. Acrospire Investment Management LLC increased its holdings in Caterpillar by 900.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 900 shares during the last quarter. Harbour Capital Advisors LLC acquired a new stake in Caterpillar in the 1st quarter valued at approximately $107,000. Finally, Chicago Partners Investment Group LLC increased its holdings in Caterpillar by 75.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 1,152 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 496 shares during the last quarter. 68.61% of the stock is currently owned by hedge funds and other institutional investors.

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