Caterpillar, Inc. (NYSE:CAT) was the target of some unusual options trading activity on Friday. Stock traders acquired 27,892 put options on the company. This represents an increase of 293% compared to the average volume of 7,093 put options.
Shares of Caterpillar (NYSE:CAT) opened at 128.19 on Wednesday. The firm’s 50-day moving average is $121.39 and its 200 day moving average is $108.72. Caterpillar has a 52 week low of $80.33 and a 52 week high of $128.29. The firm has a market cap of $75.76 billion, a PE ratio of 716.15 and a beta of 1.25.
Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.23. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The business had revenue of $11.33 billion during the quarter, compared to analysts’ expectations of $10.96 billion. During the same quarter last year, the business posted $1.09 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities research analysts forecast that Caterpillar will post $5.25 EPS for the current year.
Several equities analysts recently commented on the stock. Vetr raised shares of Caterpillar from a “sell” rating to a “hold” rating and set a $124.44 price objective for the company in a research report on Tuesday. Goldman Sachs Group, Inc. (The) increased their price objective on shares of Caterpillar from $143.00 to $158.00 and gave the company a “buy” rating in a research report on Monday. Deutsche Bank AG reaffirmed a “hold” rating and issued a $121.00 price objective (up from $120.00) on shares of Caterpillar in a research report on Monday. Credit Suisse Group reissued a “hold” rating and set a $133.00 price target on shares of Caterpillar in a research report on Friday, September 22nd. Finally, ValuEngine lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $115.98.
In related news, insider Bradley M. Halverson sold 182,612 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $114.05, for a total value of $20,826,898.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William A. Osborn sold 5,000 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $113.67, for a total transaction of $568,350.00. The disclosure for this sale can be found here. Insiders sold a total of 201,471 shares of company stock worth $22,979,332 over the last 90 days. Company insiders own 0.14% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. S. R. Schill & Associates boosted its stake in shares of Caterpillar by 0.3% during the first quarter. S. R. Schill & Associates now owns 2,204 shares of the industrial products company’s stock valued at $204,000 after acquiring an additional 6 shares during the last quarter. Northstar Group Inc. boosted its stake in Caterpillar by 0.3% in the 2nd quarter. Northstar Group Inc. now owns 2,385 shares of the industrial products company’s stock worth $256,000 after buying an additional 8 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Caterpillar by 0.3% in the 1st quarter. Clearbridge Investments LLC now owns 3,635 shares of the industrial products company’s stock worth $337,000 after buying an additional 10 shares during the last quarter. Toth Financial Advisory Corp boosted its stake in Caterpillar by 0.3% in the 2nd quarter. Toth Financial Advisory Corp now owns 3,915 shares of the industrial products company’s stock worth $421,000 after buying an additional 10 shares during the last quarter. Finally, Ironwood Investment Counsel LLC boosted its stake in Caterpillar by 0.3% in the 2nd quarter. Ironwood Investment Counsel LLC now owns 3,425 shares of the industrial products company’s stock worth $368,000 after buying an additional 10 shares during the last quarter. 69.24% of the stock is currently owned by institutional investors and hedge funds.
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