Caterpillar, Inc. (CAT) Hits a New 52-Week High


In the market the company is trading up by 1.95 percent from yesterday’s close. Shares last traded at $115.81 slightly over the 50 day moving average of $111.21 and which is impressively higher than the 200 day moving average of $102.01. The 50 day moving average was up $4.47 and the 200 day average went up by +13.399%.

Caterpillar, Inc. (NYSE:CAT) has been the object of insider selling activity recently. Int. Executive Vice President Suzette M. Long sold 13,859 shares at an average price of $114.30 on Fri the 4th. That brings the Int. Executive Vice President’s holdings to $2,004,365 as reported to the SEC. Group President Denise C. Johnson sold 88,969 shares at an average price of $121.52 on July 27th. Johnson now owns $851,612 of stock per an SEC filing yesterday.

Bradley M. Halverson, Group President & CFO sold $20,857,943 worth of shares at an average price of $114.22 on Thu the 27th. The Group President & CFO now owns $892,515 of the stock as recorded in a recent 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 firms have also modified their investment in CAT. As of quarter end Sentry Investment Management LLC had bought a total of 18 shares growing its position 0.1%. The value of the investment in (CAT) went from $2,119,000 to $2,456,000 a change of $337,000 quarter to quarter. Wfg Advisors, Lp bolstered its ownership by buying 33 shares an increase of 0.4% from 03/31/2017 to 06/30/2017. Wfg Advisors, Lp claims 8,538 shares with a value of $917,000. The total value of its holdings increased 16.2%.

As of the end of the quarter Toronto Dominion Bank had disposed of 4,004 shares trimming its holdings by 62.5%. The value of the company’s investment in Caterpillar, Inc. decreased from $594,000 to $258,000 a change of 56.6% since the last quarter. Afam Capital, Inc. trimmed its holdings by selling 225 shares a decrease of 0.4%. Afam Capital, Inc. controls 60,945 shares valued at $6,549,000. The value of the position overall is up by 15.4%.

On August 3 the company was set at “Neutral” by Atlantic Equities up from the previous “Underweight” rating. On July 31, 2017 the stock rating was changed to “Buy” in a report from Tigress Financial which is up from the previous “Neutral” rating.

On July 26 Citigroup maintained a company rating of “Neutral” and raised the price target to $125.00 from $82.00. On July 24 the stock rating was upgraded from “Market Perform” to “Outperform” by analysts at BMO Capital.

On June 23 the company was rated “Hold” according to a Deutsche Bank report which was a cut from the previous “Hold” rating. Equity analyst Bank of America upgraded the stock and raised the price target on May 11 boosting the price target from $69.00 to $120.00 and altering the rating from “Neutral” to “Buy”.

The company also recently declared a dividend that was paid on Saturday the 19th of August 2017. The dividend was $0.780 per share for the quarter which is $3.12 annualized. This dividend amount was represent a yeild of $2.74. The ex-dividend date was Tuesday the 18th of July 2017.

The P/E ratio is currently 646.229 and the market cap of the company is 68.36B. As of the latest earnings report the EPS was $0.18 and is projected to be $5.24 for the current year with 590,972,000 shares now outstanding. Next quarter’s EPS is forecasted at $1.25 with next year’s EPS projected to be $6.56.