Caterpillar, Inc. (NYSE:CAT) Director William A. Osborn Sells 5,000 Shares

Caterpillar, Inc. (NYSE:CAT) Director William A. Osborn sold 5,000 shares of the business’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $113.67, for a total transaction of $568,350.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Caterpillar, Inc. (NYSE CAT) traded up 0.69% on Friday, reaching $113.92. The company’s stock had a trading volume of 3,875,693 shares. Caterpillar, Inc. has a 52-week low of $79.93 and a 52-week high of $115.46. The firm has a market capitalization of $67.32 billion, a P/E ratio of 636.42 and a beta of 1.25. The firm has a 50-day moving average price of $111.03 and a 200 day moving average price of $101.77.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.23. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The company had revenue of $11.33 billion during the quarter, compared to analyst estimates of $10.96 billion. During the same quarter in the previous year, the firm posted $1.09 EPS. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. Equities analysts anticipate that Caterpillar, Inc. will post $5.24 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, August 19th. Stockholders of record on Thursday, July 20th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Tuesday, July 18th. This is an increase from Caterpillar’s previous quarterly dividend of $0.77. Caterpillar’s payout ratio is currently 2,080.00%.

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Large investors have recently made changes to their positions in the company. Private Trust Co. NA raised its stake in shares of Caterpillar by 23.0% in the first quarter. Private Trust Co. NA now owns 7,548 shares of the industrial products company’s stock worth $700,000 after buying an additional 1,413 shares during the period. Bancorpsouth Inc. increased its position in shares of Caterpillar by 1.2% in the first quarter. Bancorpsouth Inc. now owns 5,787 shares of the industrial products company’s stock worth $537,000 after buying an additional 69 shares during the period. State of Tennessee Treasury Department increased its position in shares of Caterpillar by 58.4% in the first quarter. State of Tennessee Treasury Department now owns 288,338 shares of the industrial products company’s stock worth $26,746,000 after buying an additional 106,270 shares during the period. Stevens Capital Management LP increased its position in shares of Caterpillar by 211.0% in the first quarter. Stevens Capital Management LP now owns 153,894 shares of the industrial products company’s stock worth $14,275,000 after buying an additional 104,412 shares during the period. Finally, World Asset Management Inc increased its position in shares of Caterpillar by 9.5% in the first quarter. World Asset Management Inc now owns 63,392 shares of the industrial products company’s stock worth $5,880,000 after buying an additional 5,512 shares during the period. 70.27% of the stock is currently owned by institutional investors.

A number of analysts recently weighed in on the stock. UBS AG restated a “neutral” rating and set a $102.00 target price (up from $98.00) on shares of Caterpillar in a research note on Friday, April 28th. Atlantic Securities upgraded shares of Caterpillar from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $85.00 to $115.00 in a research note on Thursday, August 3rd. BidaskClub lowered shares of Caterpillar from a “hold” rating to a “sell” rating in a research note on Thursday. 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 research note on Thursday, August 10th. Finally, Argus restated a “buy” rating and set a $113.10 target price (down from $130.00) on shares of Caterpillar in a research note on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $107.15.

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