Caterpillar Inc. (NYSE:CAT) Director David Maclennan Buys 500 Shares

Caterpillar Inc. (NYSE:CAT) Director David Maclennan purchased 500 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was bought at an average cost of $337.39 per share, with a total value of $168,695.00. Following the completion of the purchase, the director now owns 5,738 shares of the company’s stock, valued at $1,935,943.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

David Maclennan also recently made the following trade(s):

• On Friday, February 23rd, David Maclennan acquired 350 shares of Caterpillar stock. The shares were purchased at an average cost of $323.37 per share, with a total value of $113,179.50.

Caterpillar Stock Up 1.2 %

Shares of NYSE:CAT traded up $4.05 during trading on Monday, reaching $340.80. The stock had a trading volume of 312,996 shares, compared to its average volume of 2,493,196. The company has a current ratio of 1.35, a quick ratio of 0.83 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $166.67 billion, a P/E ratio of 15.20, a PEG ratio of 1.44 and a beta of 1.19. The firm’s 50-day simple moving average is $351.89 and its 200 day simple moving average is $303.64. Caterpillar Inc. has a one year low of $205.60 and a one year high of $382.01.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.12 by $0.48. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. The business had revenue of $15.80 billion for the quarter, compared to analyst estimates of $16.07 billion. As a group, research analysts expect that Caterpillar Inc. will post 21.79 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is presently 23.48%.

Analyst Ratings Changes

A number of brokerages have weighed in on CAT. Wells Fargo & Company upped their price objective on shares of Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Evercore ISI downgraded Caterpillar from an “outperform” rating to an “in-line” rating and boosted their target price for the stock from $321.00 to $338.00 in a report on Tuesday, February 20th. StockNews.com lowered Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. JPMorgan Chase & Co. upped their price target on shares of Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Finally, Truist Financial started coverage on shares of Caterpillar in a report on Thursday, March 14th. They issued a “buy” rating and a $390.00 target price for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $323.35.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CAT. Private Trust Co. NA boosted its holdings in Caterpillar by 0.3% in the first quarter. Private Trust Co. NA now owns 10,695 shares of the industrial products company’s stock valued at $3,919,000 after purchasing an additional 30 shares during the last quarter. Southland Equity Partners LLC raised its position in Caterpillar by 4.0% during the first quarter. Southland Equity Partners LLC now owns 784 shares of the industrial products company’s stock valued at $287,000 after acquiring an additional 30 shares in the last quarter. Davis Investment Partners LLC boosted its position in Caterpillar by 2.1% in the 1st quarter. Davis Investment Partners LLC now owns 1,454 shares of the industrial products company’s stock worth $541,000 after purchasing an additional 30 shares in the last quarter. Exchange Capital Management Inc. increased its holdings in shares of Caterpillar by 3.3% during the 1st quarter. Exchange Capital Management Inc. now owns 1,016 shares of the industrial products company’s stock valued at $372,000 after purchasing an additional 32 shares in the last quarter. Finally, McIlrath & Eck LLC boosted its holdings in Caterpillar by 4.4% during the fourth quarter. McIlrath & Eck LLC now owns 789 shares of the industrial products company’s stock worth $233,000 after buying an additional 33 shares in the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.