What Caterpillar Inc. (CAT) Insiders Are Up To

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Caterpillar Inc. (NYSE:CAT) finished Wednesday with a subtraction of -$6.04 to close at $171.95, a downside of -3.39 percent. An average of 3,303,880 shares of common stock have been traded in the last five days. There was a fall of -$12.70 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 2,548,075 shares traded, while the 50-day average volume stands at 2,555,834.

CAT stock has decreased by -10.33% in the last month. The company shares reached their 1-month lowest point of $171.88 on 09/21/22. With the stock rallying to its 52-week high on 04/21/22, shares of the company touched a low of $167.08 and a high of $237.90 in 52 weeks. It has reached a new high 10 times so far this year and lost -16.83% or -$34.79 in price. In spite of this, the price is down -27.72% from the 52-week high.


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Insider Transactions

127 days have passed since Caterpillar Inc. (CAT) last reported insider trading activity. Creed Joseph E, who is Group President, most recently acquired $2,757 shares at $214.13 per share on May 18. In this transaction, the insider spent $590,356. Group President, De Lange Bob, disposed of 11,718 shares at a price of $237.25 on Apr 21. The insider now owns more than $2,780,096 worth of shares. Prior to that, Group President Creed Joseph E went on to Sale 5,004 shares at $235.00 each on Apr 20. An amount of $1,175,940 was transacted.

Valuation Metrics

Caterpillar Inc. (CAT) has a trailing price-to-earnings (P/E) ratio of 13.84. The stock’s beta is 1.01. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.71, the price-to-book (PB) ratio at 5.81, and the price-to-cash flow ratio at 45.13.

The company has a payout ratio of 35.30%. The company’s most recent quarterly dividend payment was $1.20 a share, representing a up of 8.11% from $1.11 last year. Its latest increase dividend $0.09 reported on Wednesday June 8 2022.

Financial Health

The quick ratio of Caterpillar Inc. for the three months ended June 29 was 0.90, and the current ratio was 1.40, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.67 and a total debt to equity ratio of 2.35 for the quarter ending June 29. Its gross profit as reported stood at $15.46 billion compared to revenue of $50.97 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Caterpillar Inc.’s return on assets was 8.30%.

Earnings Surprise

For the three-month period that ended June 29, Caterpillar Inc. had $9.59 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.67 billion in the quarter, while revenues of $1.54 billion were grew 15.54%. The analyst consensus anticipated Caterpillar Inc.’s latest quarter earnings to come in at $3.01 per share, but it turned out to be $3.18, a 5.60% surprise. For the quarter, EBITDA amounted to $2.62 billion. Shareholders own equity worth $527.91 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Caterpillar Inc. (CAT) price momentum. RSI 9-day as of the close on 21 September was 29.25%, suggesting the stock is oversold, with historical volatility in this time frame at 37.51%.

As of today, CAT’s price is $178.80 -6.88% or -$12.70 from its 5-day moving average. CAT is currently trading -12.81% lower than its 20-day SMA and -19.06% lower than its 100-day SMA. However, the stock’s current price level is -1.46% below the SMA50 and -13.07% below the SMA200.

The stochastic %K and %D were 14.66% and 18.10%, respectively, and the average true range (ATR) was 5.57. With the 14-day stochastic at 0.34% and the average true range at 5.39, the RSI (14) stands at 34.58%. The stock has reached -5.41 on the 9-day MACD Oscillator while the 14-day reading was at -4.99.

Analyst Ratings

Bernstein downgraded Caterpillar Inc. (NYSE: CAT) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Caterpillar Inc. (CAT) among analysts is Overweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell CAT, while 12 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 12 others rate it as a “buy”.

What is CAT’s price target for the next 12 months?

Analysts predict a range of price targets between $142.00 and $328.00, with a median target of $210.00. Taking a look at these predictions, the average price target given by analysts for Caterpillar Inc. (CAT) stock is $215.26.

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