Caterpillar Inc. (NYSE:CAT) Insider Sells $5,700,203.18 in Shares

Caterpillar Inc. (NYSE:CAT – Get Rating) insider Denise C. Johnson sold 23,737 shares of the company in a trade on Tuesday, Dec. 27. The stock was sold at an average price of $240.14, for a total transaction of $5,700,203.18. Following the completion of the sale, the insider now owns 8,605 shares of the company, valued at approximately $2,066,404.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink.

Caterpillar down 0.7%

CAT lost $1.76 in Wednesday’s trading, hitting $241.38. 83,176 shares were traded, against an average volume of 2,913,914. The company has a debt ratio of 1.63, a quick ratio of 0.85 and a current ratio of 1.41. The company has a 50-day simple moving average of $226.47 and a 200-day simple moving average of $198.65. The company has a market capitalization of $125.62 billion, a price/earnings ratio of 17.33, a P/E/G ratio of 1.44 and a beta of 1.14. Caterpillar Inc. has a 1-year minimum of $160.60 and a 1-year maximum of $245.05.

Caterpillar (NYSE:CAT – Get Rating) last announced its quarterly results on Thursday, October 27. The industrial products company reported EPS of $3.95 for the quarter, beating the consensus estimate of $3.19 by $0.76. The company posted revenue of $14.99 billion for the quarter, versus analyst estimates of $14.34 billion. Caterpillar had a return on equity of 41.76% and a net margin of 13.02%. As a group, stock analysts expect Caterpillar Inc. to post EPS of 13.85 for the current year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 17. Shareholders of record on Friday, January 20 will receive a dividend of $1.20. The ex-dividend date is Thursday, January 19. This represents an annualized dividend of $4.80 and a dividend yield of 1.99%. Caterpillar’s payout ratio is currently 34.86%.

Hedge funds weigh on Caterpillar

Several institutional investors have recently bought and sold shares of CAT. Curi Wealth Management LLC increased its position in Caterpillar shares by 289.7% in the second quarter. Curi Wealth Management LLC now owns 152 shares of the industrial products company worth $27,000 after acquiring 113 additional shares in the last quarter. Castle Wealth Management LLC bought a new position in Caterpillar in the second quarter worth about $33,000. Morgan Dempsey Capital Management LLC acquired a new stake in Caterpillar during the third quarter worth approximately $33,000. Cowa LLC acquired a new position in Caterpillar stock during the third quarter worth $33,000. Finally, Investors Research Corp acquired a new equity stake in Caterpillar in Q2 worth $37,000. 68.02% of the shares are held by hedge funds and other institutional investors.

Analyst upgrades and downgrades

CAT has been the subject of a number of research reports. Morgan Stanley raised its price target on Caterpillar shares from $174.00 to $190.00 and gave the stock an “underweight” rating in a Wednesday, Dec. 14 report. Robert W. Baird raised his price target on Caterpillar from $224.00 to $242.00 in a Thursday, October 27 research report. Deutsche Bank Aktiengesellschaft upgraded Caterpillar from a “buy” rating to a “hold” rating and raised its share price target from $196.00 to $221.00 in a Friday, October 28 report. Stifel Nicolaus raised his price target on Caterpillar from $260.00 to $271.00 and gave the stock a “buy” rating in a Monday, Dec. 19 research report. Finally, Daiwa Capital Markets raised its price target on Caterpillar shares to $205.00 in a Tuesday, November 1 research note. One research analyst rated the stock with a sell rating, six issued a hold rating and nine issued a buy rating for the company’s stock. According to data from, Caterpillar currently has an average rating of “Moderate Buy” and an average price target of $236.00.

About Caterpillar

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Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines and industrial gas turbines. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, feller bunchers, combines, graders, pipelayers, road reclaimers, skidders, telehandlers and commercial vehicles ; excavators, knuckleboom, compact tracked, multi-terrain, skid steer and tracked; forest and wheel excavators; and site preparation and crawler tractors.

Further reading

Insider buying and selling by quarter for Caterpillar (NYSE:CAT)

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