William A. Osborn Sells 5,000 Shares of Caterpillar, Inc. (CAT) Stock

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

Shares of Caterpillar, Inc. (CAT) traded up 0.69% during mid-day trading 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’s 50 day moving average is $111.03 and its 200-day moving average is $101.77. The company has a market capitalization of $67.32 billion, a PE ratio of 636.42 and a beta of 1.25.

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

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

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Several hedge funds have recently added to or reduced their stakes in CAT. Vanguard Group Inc. boosted its position in Caterpillar by 6.1% in the second quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock valued at $4,430,058,000 after buying an additional 2,377,623 shares in the last quarter. FMR LLC boosted its position in Caterpillar by 11.7% in the second quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock valued at $2,107,684,000 after buying an additional 2,052,300 shares in the last quarter. Morgan Stanley boosted its position in Caterpillar by 15.1% in the first quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock valued at $964,579,000 after buying an additional 1,365,856 shares in the last quarter. Primecap Management Co. CA boosted its position in Caterpillar by 16.9% in the first quarter. Primecap Management Co. CA now owns 7,259,063 shares of the industrial products company’s stock valued at $673,351,000 after buying an additional 1,047,922 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Caterpillar by 8.1% in the first quarter. Geode Capital Management LLC now owns 5,575,420 shares of the industrial products company’s stock valued at $516,423,000 after buying an additional 419,191 shares in the last quarter. Institutional investors own 70.27% of the company’s stock.

Several equities research analysts have recently commented on CAT shares. TheStreet upgraded Caterpillar from a “c+” rating to a “b” rating in a research note on Tuesday, July 25th. Deutsche Bank AG reiterated a “buy” rating and issued a $118.00 price objective (up previously from $105.00) on shares of Caterpillar in a research report on Saturday, April 29th. Bank of America Corporation reiterated a “buy” rating and issued a $120.00 price objective on shares of Caterpillar in a research report on Thursday, May 25th. Vetr upgraded Caterpillar from a “sell” rating to a “buy” rating and set a $107.75 price objective for the company in a research report on Monday, May 8th. Finally, Raymond James Financial, Inc. upgraded Caterpillar to a “buy” rating and set a $55.00 price objective for the company in a research report on Thursday, April 27th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $107.15.

About Caterpillar

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