Traders sold shares of Caterpillar, Inc. (NYSE:CAT) on strength during trading on Thursday. $58.35 million flowed into the stock on the tick-up and $108.14 million flowed out of the stock on the tick-down, for a money net flow of $49.79 million out of the stock. Of all equities tracked, Caterpillar had the 0th highest net out-flow for the day. Caterpillar traded up $0.85 for the day and closed at $120.48

Several brokerages have recently weighed in on CAT. BMO Capital Markets upped their price target on Caterpillar from $130.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday. Credit Suisse Group reiterated a “buy” rating and set a $123.00 price target on shares of Caterpillar in a research report on Thursday, June 22nd. Bank of America Corporation set a $120.00 price target on Caterpillar and gave the company a “buy” rating in a research report on Tuesday, June 20th. Vetr cut Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 price target on the stock. in a research report on Monday, September 11th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $125.00 price target on shares of Caterpillar in a research report on Sunday, July 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $111.74.

The company’s 50-day moving average price is $115.74 and its 200 day moving average price is $104.67. The firm has a market capitalization of $71.73 billion, a P/E ratio of 678.04 and a beta of 1.24.

Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.23. The firm had revenue of $11.33 billion during the quarter, compared to analysts’ expectations of $10.96 billion. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 EPS. Analysts expect that Caterpillar, Inc. will post $5.24 EPS for the current year.

In related news, insider Suzette M. Long sold 13,859 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $114.30, for a total transaction of $1,584,083.70. Following the completion of the transaction, the insider now owns 18,188 shares in the company, valued at approximately $2,078,888.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bradley M. Halverson sold 182,612 shares of the business’s stock in a transaction 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 201,471 shares of company stock valued at $22,979,332. 0.15% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of CAT. Quadrant Capital Group LLC boosted its holdings in Caterpillar by 10.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 128 shares during the period. Baker Ellis Asset Management LLC purchased a new position in Caterpillar during the 2nd quarter valued at $104,000. Motco boosted its holdings in Caterpillar by 264.9% during the 2nd quarter. Motco now owns 989 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 718 shares during the period. Harbour Capital Advisors LLC purchased a new position in Caterpillar during the 1st quarter valued at $107,000. Finally, Acrospire Investment Management LLC boosted its holdings in Caterpillar by 900.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 900 shares during the period. Institutional investors own 69.23% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Investors Sell Caterpillar, Inc. (CAT) on Strength (CAT)” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/09/16/investors-sell-caterpillar-inc-cat-on-strength-cat.html.

Caterpillar Company Profile

Receive News & Stock Ratings for Caterpillar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar Inc. and related stocks with our FREE daily email newsletter.