Traders Buy Shares of Caterpillar (CAT) on Weakness

Traders bought shares of Caterpillar Inc. (NYSE:CAT) on weakness during trading on Wednesday. $294.88 million flowed into the stock on the tick-up and $259.67 million flowed out of the stock on the tick-down, for a money net flow of $35.21 million into the stock. Of all stocks tracked, Caterpillar had the 32nd highest net in-flow for the day. Caterpillar traded down ($0.56) for the day and closed at $165.87

A number of equities research analysts have weighed in on the company. Bank of America reaffirmed a “buy” rating and set a $189.00 price objective (up from $158.00) on shares of Caterpillar in a report on Friday. Tigress Financial reaffirmed a “buy” rating on shares of Caterpillar in a report on Monday, September 18th. Vetr raised Caterpillar from a “sell” rating to a “hold” rating and set a $131.05 price objective on the stock in a report on Thursday, October 19th. Barclays assumed coverage on Caterpillar in a report on Tuesday, December 12th. They set an “overweight” rating and a $162.00 price objective on the stock. Finally, Deutsche Bank set a $149.00 price objective on Caterpillar and gave the company a “hold” rating in a report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $147.72.

The company has a market cap of $101,340.00, a price-to-earnings ratio of 117.50, a P/E/G ratio of 2.01 and a beta of 1.29. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 1.58.

Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, topping the consensus estimate of $1.27 by $0.68. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The business had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $10.69 billion. During the same period in the previous year, the business earned $0.85 EPS. Caterpillar’s revenue was up 24.6% compared to the same quarter last year. sell-side analysts forecast that Caterpillar Inc. will post 6.46 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.84%. The ex-dividend date is Friday, January 19th. Caterpillar’s dividend payout ratio is 216.67%.

In other Caterpillar news, insider Lange Bob De sold 1,572 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $137.58, for a total transaction of $216,275.76. Following the transaction, 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 document filed with the SEC, which can be accessed through this link. Also, Director Daniel M. Dickinson sold 3,813 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $137.09, for a total value of $522,724.17. Following the transaction, the director now directly owns 6,554 shares in the company, valued at approximately $898,487.86. 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. Company insiders own 0.14% of the company’s stock.

Large investors have recently bought and sold shares of the business. Ironwood Investment Counsel LLC raised its position in shares of Caterpillar by 0.3% during the 2nd quarter. Ironwood Investment Counsel LLC now owns 3,425 shares of the industrial products company’s stock valued at $368,000 after acquiring an additional 10 shares during the last quarter. Southeast Asset Advisors Inc. raised its position in shares of Caterpillar by 0.3% during the 2nd quarter. Southeast Asset Advisors Inc. now owns 4,279 shares of the industrial products company’s stock valued at $460,000 after acquiring an additional 12 shares during the last quarter. Financial Advisory Service Inc. raised its position in shares of Caterpillar by 0.9% during the 2nd quarter. Financial Advisory Service Inc. now owns 3,201 shares of the industrial products company’s stock valued at $344,000 after acquiring an additional 30 shares during the last quarter. Bingham Osborn & Scarborough LLC raised its position in shares of Caterpillar by 1.3% during the 2nd quarter. Bingham Osborn & Scarborough LLC now owns 2,327 shares of the industrial products company’s stock valued at $250,000 after acquiring an additional 30 shares during the last quarter. Finally, WFG Advisors LP raised its position in shares of Caterpillar by 0.4% during the 2nd quarter. WFG Advisors LP now owns 8,538 shares of the industrial products company’s stock valued at $917,000 after acquiring an additional 33 shares during the last quarter. 68.54% of the stock is currently owned by hedge funds and other institutional investors.

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