Investors Sell Shares of Caterpillar Inc. (CAT) on Strength (CAT)

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Traders sold shares of Caterpillar Inc. (NYSE:CAT) on strength during trading hours on Friday. $104.76 million flowed into the stock on the tick-up and $180.04 million flowed out of the stock on the tick-down, for a money net flow of $75.28 million out of the stock. Of all companies tracked, Caterpillar had the 0th highest net out-flow for the day. Caterpillar traded up $0.02 for the day and closed at $82.05
Several research analysts recently issued reports on the company. Vetr lowered Caterpillar from a “buy” rating to a “hold” rating and set a $85.19 target price on the stock. in a research report on Monday. Deutsche Bank AG assumed coverage on Caterpillar in a research report on Monday, September 12th. They set a “buy” rating and a $82.08 target price on the stock. Axiom Securities reaffirmed a “sell” rating and set a $31.00 target price on shares of Caterpillar in a research report on Thursday, September 8th. Wells Fargo & Co. reaffirmed a “market perform” rating and set a $78.50 target price on shares of Caterpillar in a research report on Tuesday, August 23rd. Finally, Citigroup Inc. set a $82.00 target price on Caterpillar and gave the company a “hold” rating in a research report on Tuesday, August 16th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company’s stock. Caterpillar has an average rating of “Hold” and a consensus target price of $72.24.
The stock has a 50 day moving average of $82.62 and a 200-day moving average of $77.22. The firm has a market capitalization of $47.94 billion, a P/E ratio of 54.70 and a beta of 1.64.

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Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, July 26th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.13. Caterpillar had a return on equity of 12.37% and a net margin of 2.64%. The company had revenue of $10.34 billion for the quarter, compared to analysts’ expectations of $10.06 billion. During the same quarter in the previous year, the firm posted $1.27 EPS. The firm’s quarterly revenue was down 16.0% on a year-over-year basis. Equities analysts expect that Caterpillar Inc. will post $3.50 EPS for the current year.
In other news, insider Bradley M. Halverson sold 2,841 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $82.73, for a total transaction of $235,035.93. Following the sale, the insider now owns 20,232 shares of the company’s stock, valued at approximately $1,673,793.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dennis A. Muilenburg purchased 1,930 shares of the firm’s stock in a transaction dated Friday, July 29th. The shares were purchased at an average cost of $82.75 per share, for a total transaction of $159,707.50. Following the purchase, the director now directly owns 9,558 shares in the company, valued at $790,924.50. The disclosure for this purchase can be found here. Company insiders own 0.15% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Pittenger & Anderson Inc. raised its stake in shares of Caterpillar by 1.9% in the second quarter. Pittenger & Anderson Inc. now owns 1,325 shares of the company’s stock valued at $100,000 after buying an additional 25 shares during the period. Kelly Lawrence W & Associates Inc. CA raised its stake in shares of Caterpillar by 15.4% in the first quarter. Kelly Lawrence W & Associates Inc. CA now owns 1,500 shares of the company’s stock valued at $115,000 after buying an additional 200 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of Caterpillar by 266.3% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,513 shares of the company’s stock valued at $115,000 after buying an additional 1,100 shares during the period. CapWealth Advisors LLC raised its stake in shares of Caterpillar by 6.3% in the second quarter. CapWealth Advisors LLC now owns 1,685 shares of the company’s stock valued at $128,000 after buying an additional 100 shares during the period. Finally, Archford Capital Strategies LLC raised its stake in shares of Caterpillar by 1,424.3% in the second quarter. Archford Capital Strategies LLC now owns 1,692 shares of the company’s stock valued at $128,000 after buying an additional 1,581 shares during the period. 69.03% of the stock is currently owned by institutional investors and hedge funds.
Caterpillar Company Profile
Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through its three product segments: Resource Industries, Construction Industries, and Energy & Transportation. It also provides financing and related services through its Financial Products segment.

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