Caterpillar Inc. (NYSE:CAT) was the target of some unusual options trading on Thursday. Investors acquired 150,694 call options on the stock. This represents an increase of approximately 1,234% compared to the average daily volume of 11,294 call options.
Caterpillar (CAT) opened at $170.41 on Friday. The firm has a market capitalization of $101,380.00, a price-to-earnings ratio of 118.34, a P/E/G ratio of 2.06 and a beta of 1.29. Caterpillar has a 52-week low of $90.34 and a 52-week high of $173.24. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 1.58.
Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.68. The firm had revenue of $11.41 billion for the quarter, compared to analyst estimates of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. Caterpillar’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 earnings per share. equities analysts predict that Caterpillar will post 6.47 EPS for the current fiscal year.
A number of brokerages have recently issued reports on CAT. Vetr raised Caterpillar from a “sell” rating to a “hold” rating and set a $164.34 target price on the stock in a research report on Monday. Citigroup reaffirmed a “neutral” rating and set a $185.00 target price (up from $160.00) on shares of Caterpillar in a research report on Friday. Bank of America reaffirmed a “buy” rating and set a $189.00 target price (up from $158.00) on shares of Caterpillar in a research report on Friday, January 12th. Wells Fargo & Co boosted their target price on Caterpillar from $160.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Credit Suisse Group boosted their target price on Caterpillar from $155.00 to $192.00 and gave the stock an “outperform” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $156.64.
In other news, insider Lange Bob De sold 1,572 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $137.58, for a total value of $216,275.76. Following the completion of the sale, the insider now owns 11,096 shares in the company, valued at $1,526,587.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Bradley M. Halverson sold 2,600 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $137.67, for a total value of $357,942.00. Following the completion of the sale, the insider now owns 5,214 shares of the company’s stock, valued at approximately $717,811.38. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,989 shares of company stock valued at $7,235,850. Insiders own 0.14% of the company’s stock.
A number of large investors have recently bought and sold shares of CAT. Beach Investment Management LLC. purchased a new position in Caterpillar in the second quarter valued at about $231,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Caterpillar by 9.8% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,071 shares of the industrial products company’s stock valued at $5,995,000 after purchasing an additional 4,291 shares in the last quarter. Wealthsource Partners LLC purchased a new position in Caterpillar in the second quarter valued at about $316,000. Ladenburg Thalmann Financial Services Inc. grew its stake in Caterpillar by 18.5% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 152,100 shares of the industrial products company’s stock valued at $18,979,000 after purchasing an additional 23,749 shares in the last quarter. Finally, FMR LLC grew its stake 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 purchasing an additional 2,052,300 shares in the last quarter. 68.55% of the stock is currently owned by hedge funds and other institutional investors.
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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 segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.
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