David Maclennan Purchases 500 Shares of Caterpillar Inc. (NYSE:CAT) Stock

Caterpillar Inc. (NYSE:CAT) Director David Maclennan acquired 500 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were bought at an average cost of $337.39 per share, for a total transaction of $168,695.00. Following the completion of the acquisition, the director now owns 5,738 shares of the company’s stock, valued at $1,935,943.82. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

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

Caterpillar Stock Up 0.8 %

Shares of NYSE CAT opened at $345.00 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 1.35 and a debt-to-equity ratio of 1.41. The firm has a 50-day moving average price of $352.57 and a 200 day moving average price of $304.94. Caterpillar Inc. has a 52 week low of $205.60 and a 52 week high of $382.01. The stock has a market capitalization of $168.72 billion, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 1.44 and a beta of 1.19.

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

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be given a $1.30 dividend. The ex-dividend date is Friday, April 19th. This represents a $5.20 annualized dividend and a dividend yield of 1.51%. Caterpillar’s dividend payout ratio is presently 23.48%.

Hedge Funds Weigh In On Caterpillar

Several hedge funds have recently added to or reduced their stakes in CAT. Brown Advisory Inc. raised its holdings in shares of Caterpillar by 6.0% in the third quarter. Brown Advisory Inc. now owns 72,873 shares of the industrial products company’s stock worth $19,894,000 after acquiring an additional 4,154 shares during the last quarter. Telemus Capital LLC grew its stake in Caterpillar by 5.0% in the 3rd quarter. Telemus Capital LLC now owns 1,762 shares of the industrial products company’s stock worth $481,000 after acquiring an additional 84 shares during the period. WealthShield Partners LLC lifted its stake in shares of Caterpillar by 16.5% during the 3rd quarter. WealthShield Partners LLC now owns 1,449 shares of the industrial products company’s stock worth $396,000 after purchasing an additional 205 shares during the period. Verdence Capital Advisors LLC boosted its holdings in shares of Caterpillar by 4.4% during the third quarter. Verdence Capital Advisors LLC now owns 7,707 shares of the industrial products company’s stock worth $2,104,000 after purchasing an additional 323 shares during the last quarter. Finally, Mackenzie Financial Corp grew its position in shares of Caterpillar by 25.7% in the third quarter. Mackenzie Financial Corp now owns 326,142 shares of the industrial products company’s stock valued at $87,722,000 after purchasing an additional 66,767 shares during the period. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CAT. HSBC boosted their price target on Caterpillar from $330.00 to $360.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Wells Fargo & Company raised their price target on shares of Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. StockNews.com cut shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 20th. The Goldman Sachs Group boosted their target price on Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Truist Financial initiated coverage on Caterpillar in a report on Thursday, March 14th. They issued a “buy” rating and a $390.00 price target for the company. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Caterpillar presently has a consensus rating of “Hold” and a consensus target price of $323.35.

Caterpillar Company Profile

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.