Investors Sell Caterpillar (CAT) on Strength (CAT)

Traders sold shares of Caterpillar Inc. (NYSE:CAT) on strength during trading on Tuesday. $168.40 million flowed into the stock on the tick-up and $228.09 million flowed out of the stock on the tick-down, for a money net flow of $59.69 million out of the stock. Of all stocks tracked, Caterpillar had the 0th highest net out-flow for the day. Caterpillar traded up $0.40 for the day and closed at $166.43

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. raised Caterpillar from a “neutral” rating to an “overweight” rating and upped their price target for the company from $161.96 to $200.00 in a research report on Monday. UBS Group set a $180.00 price target on Caterpillar and gave the company a “buy” rating in a research report on Friday, January 5th. They noted that the move was a valuation call. Vetr downgraded Caterpillar from a “sell” rating to a “strong sell” rating and set a $141.37 target price on the stock. in a research note on Thursday, January 4th. BMO Capital Markets restated a “buy” rating and issued a $195.00 target price (up previously from $165.00) on shares of Caterpillar in a research note on Thursday, January 4th. Finally, ValuEngine upgraded Caterpillar from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Three analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the stock. Caterpillar presently has a consensus rating of “Hold” and an average target price of $145.87.

The stock has a market cap of $98,680.00, a P/E ratio of 115.19, a PEG ratio of 2.01 and a beta of 1.29. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.44 and a quick ratio of 1.04.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.68. The company had revenue of $11.41 billion during the quarter, compared to the consensus estimate of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The firm’s revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 EPS. sell-side analysts predict that Caterpillar Inc. will post 6.46 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Monday, January 22nd will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, January 19th. This represents a $3.12 annualized dividend and a dividend yield of 1.88%. Caterpillar’s dividend payout ratio (DPR) is presently 216.67%.

In other news, insider Thomas A. Pellette sold 24,547 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $135.69, for a total transaction of $3,330,782.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Bradley M. Halverson sold 17,210 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $137.33, for a total value of $2,363,449.30. Following the sale, the chief financial officer now owns 7,814 shares of the company’s stock, valued at approximately $1,073,096.62. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,989 shares of company stock valued at $7,235,850. 0.14% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in CAT. Vanguard Group Inc. boosted its stake in Caterpillar by 6.1% during the 2nd quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock valued at $4,430,058,000 after purchasing an additional 2,377,623 shares during the period. FMR LLC boosted its stake in Caterpillar by 11.7% during the 2nd quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock valued at $2,107,684,000 after purchasing an additional 2,052,300 shares during the period. Jennison Associates LLC boosted its stake in Caterpillar by 140.9% during the 3rd quarter. Jennison Associates LLC now owns 2,627,319 shares of the industrial products company’s stock valued at $327,653,000 after purchasing an additional 1,536,470 shares during the period. Balyasny Asset Management LLC boosted its stake in Caterpillar by 663.8% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,032,853 shares of the industrial products company’s stock valued at $110,990,000 after purchasing an additional 1,216,053 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Caterpillar by 61.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,501,100 shares of the industrial products company’s stock valued at $268,768,000 after purchasing an additional 954,200 shares during the period. Hedge funds and other institutional investors own 68.54% of the company’s stock.

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