Caterpillar Inc. (NYSE:CAT) shares traded 0.03% higher at $214.78 on Wall Street last session.
CAT stock price is now -1.89% away from the 50-day moving average and -1.48% away from the 200-day moving average. The market capitalization of the company currently stands at $110.66B.
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In other news, MacLennan David, Director bought 400 shares of the company’s stock on Feb 17. The stock was bought for $99,716 at an average price of $249.29. Upon completion of the transaction, the Director now directly owns 3,709 shares in the company, valued at $0.8 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 09, CLO/General Counsel Long Suzette M sold 8,000 shares of the business’s stock. A total of $2,008,289 was realized by selling the stock at an average price of $251.04. This leaves the insider owning 8,776 shares of the company worth $1.88 million. Insiders disposed of 319,507 shares of company stock worth roughly $68.62 million over the past 1 year.
There have been several recent changes in the stakes of large investors in CAT stock. A new stake in Caterpillar Inc. shares was purchased by OFI INVEST ASSET MANAGEMENT during the first quarter worth $6,075,463,000. HUDSON BAY CAPITAL MANAGEMENT LP invested $161,085,000 in shares of CAT during the first quarter. In the first quarter, MASSACHUSETTS FINANCIAL SERVICES CO /MA/ acquired a new stake in Caterpillar Inc. valued at approximately $145,288,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in CAT for approximately $102,823,000. EISLER CAPITAL (UK) LTD. purchased a new stake in CAT valued at around $28,571,000 in the second quarter.
Caterpillar Inc. (NYSE: CAT) opened at $219.46 on Friday. During the past 12 months, Caterpillar Inc. has had a low of $160.60 and a high of $266.04. As of last week, the company has a debt-to-equity ratio of 2.04, a current ratio of 1.40, and a quick ratio of 0.90. According to the stock market information, the enterprise value for the company is $143.23B, which is based on a 15.88 price-to-earnings ratio, a 1.23 price-to-earnings-growth ratio, and a beta of 1.08. The fifty day moving average price for CAT is $218.40 and a two-hundred day moving average price translates $218.16 for the stock.
According to the Farm & Heavy Construction Machinery Company, earnings per share came in at $4.91, beating analysts’ expectations of $3.78 by 1.13. This compares to $2.86 EPS in the same period last year. The net profit margin was 11.50% and return on equity was 43.50% for CAT. The company reported revenue of $15.86 billion for the quarter, compared to $13.59 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.73 percent. For the current quarter, analysts expect CAT to generate $16.57B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/19/2023. Investors who held shares on 04/24/2023 were paid a $1.20 dividend. On an annualized basis, this represents a $4.80 dividend and a 2.23% percent yield. There was an ex-dividend date of 04/21/2023 for this dividend. In terms of dividend payout ratio, CAT is presently at 34.60%.
