The company is now up from yesterday’s close of $108.24. It is trading at $109.48 a tad higher than the 50 day moving average which is $104.38 and which is just over the 200 day moving average of $97.66. The 50 day moving average went up by +5.03% whereas the 200 day average was up by +12.26%.
Caterpillar, Inc. (NYSE:CAT) has been the object of insider buying and selling activity recently. Group President Lange Bob De disclosed the purchase of 1,000 shares. The shares were bought on February 21st for an average price of $99.32. The Group President now owns $1,016,044 of the stock according to the SEC filing. Daniel M. Dickinson, Director let go of $380,244 worth of shares at an average price of $97.90 on Tue the 14th. That brings Dickinson’s holdings to $886,974 as recorded in a recent Form 4 SEC filing.
Daniel M. Dickinson, Director disclosed the sale of 950 shares of CAT stock. The shares were purchased at an average price of $93.52. Dickinson now owns $1,361,651 of the stock per the Form 4 SEC filing.
Caterpillar Inc. (Caterpillar), launched on March 12, 1986, is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, Resource Industries, Energy & Transportation, Financial Products segment and All Other operating segments. The Business’s products are sold primarily under the brands Caterpillar, CAT, design versions of CAT and Caterpillar, EMD, FG Wilson, MaK, MWM, Perkins, Progress Rail, SEM and Solar Turbines. As of December 31, 2016, the Business’s machines were distributed principally through an organization of dealers (dealer network), 49 located in the United States and 123 located outside the United States, serving 190 countries..
These funds have also shifted positions in (CAT). As of the end of the quarter Gateway Investment Advisers LLC had sold 83,636 shares trimming its position 16.7%. The value of the total investment in Caterpillar, Inc. went from $46,372,000 to $44,733,000 decreasing 3.5% quarter over quarter. As of quarter end Pennsylvania Trust Co had acquired a total of 48,816 shares growing its holdings by 319.3%. The value of the company’s investment in Caterpillar, Inc. increased from $1,418,000 to $6,889,000 a change of 385.8% for the reporting period.
Heritage Investors Management Corp reduced its ownership by selling 5,706 shares a decrease of 2.6% in the quarter. Heritage Investors Management Corp now holds 214,497 shares worth $23,050,000. The total value of its holdings increased 12.8%. Atria Investments LLC divested its stake by shedding 1,125 shares a decrease of 3.8% from 03/31/2017 to 06/30/2017. Atria Investments LLC controls 28,529 shares valued at $3,066,000. The value of the position overall is up by 11.5%.
On June 23 the company was downgraded from “Hold” to “Hold” by analysts at Deutsche Bank. Equity analyst Bank of America both upgraded the stock and raised the price target on May 11 boosting the price target from $69.00 to $120.00 and changing the rating from “Neutral” to “Buy”.
On May 11 the stock rating was upgraded to “Buy” from “Neutral” and a price target of $120.00 was set in an announcement from Bank of America. October 12 investment analysts at Barclays left the stock rating at “Hold” but moved up the price target to $80.00 from $63.00.
Goldman Sachs raised the price target and upgraded the stock on October 11 changing the price objective from $78.00 to $112.00 and altering the rating from “Neutral” to “Buy”. On October 11 the company was upgraded to “Buy” from “Neutral” with a current price target of $112.00 in a report issued by Goldman Sachs.
Additionally Caterpillar, Inc. recently announced a dividend payable on Saturday August 19th, 2017. The dividend payment will be $0.780 per share for the quarter which comes to $3.12 on an annualized basis. This dividend amount will represent a yeild of $2.92. The ex-dividend date will be Thursday April 20th, 2017.
As of the latest earnings report the EPS was $-0.25 and is expected to be $4.14 for the current year with 589,090,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.87 with next year’s EPS projected to be $5.28.