Caterpillar Inc. (NYSE: CAT) is 31.21% higher on its value in year-to-date trading and has touched a low of $223.76 and a high of $401.17 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CAT stock was last observed hovering at around $398.25 in the last trading session, with the day’s loss setting it -10.29%.
Currently trading at $387.96, the stock is 3.62% and 9.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.44 million and changing -2.58% at the moment leaves the stock 14.83% off its SMA200. CAT registered 45.83% gain for a year compared to 6-month loss of 4.32%. The firm has a 50-day simple moving average (SMA 50) of $353.2292 and a 200-day simple moving average (SMA200) of $337.85184.
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The stock witnessed a 16.14% gain in the last 1 month and extending the period to 3 months gives it a 18.11%, and is -1.13% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.70% over the week and 2.12% over the month.
Caterpillar Inc. (CAT) has around 113200 employees, a market worth around $188.12B and $66.37B in sales. Current P/E ratio is 17.67 and Fwd P/E is 17.02. Profit margin for the company is 16.58%. Distance from 52-week low is 73.38% and -3.29% from its 52-week high. The company has generated returns on investments over the last 12 months (26.87%).
with sales reaching $16.19B over the same period.The EPS is expected to grow by 4.31% this year, but quarterly earnings will post -2.70% year-over-year. Quarterly sales are estimated to shrink -3.70% in year-over-year returns.
Caterpillar Inc. (CAT) Top Institutional Holders
3326.0 institutions hold shares in Caterpillar Inc. (CAT), with institutional investors hold 72.67% of the company’s shares. The shares outstanding are 499.38M, and float is at 483.94M with Short Float at 2.24%. Institutions hold 72.53% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 46.48 million shares valued at $15.48 billion. The investor’s holdings represent 9.4106% of the CAT Shares outstanding. As of 2024-06-30, the second largest holder is STATE STREET CORP with 36.61 million shares valued at $12.2 billion to account for 7.4133 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 36.21 million shares representing 7.332% and valued at over $12.06 billion, while CAPITAL WORLD INVESTORS holds 3.9058 of the shares totaling 19.29 million with a market value of $6.43 billion.
Caterpillar Inc. (CAT) Insider Activity
The most recent transaction is an insider purchase by Johnson Gerald, the company’s Director. SEC filings show that Johnson Gerald bought 100 shares of the company’s common stock on Sep 04 ’24 at a price of $338.59 per share for a total of $33859.0. Following the purchase, the insider now owns 2842.0 shares.
Caterpillar Inc. disclosed in a document filed with the SEC on Aug 30 ’24 that Fassino Anthony D. (Group President) sold a total of 3,185 shares of the company’s common stock. The trade occurred on Aug 30 ’24 and was made at $351.36 per share for $1.12 million. Following the transaction, the insider now directly holds 33442.0 shares of the CAT stock.
Still, SEC filings show that on Aug 30 ’24, Fassino Anthony D. (Officer) Proposed Sale 3,185 shares at an average price of $351.36 for $1.12 million. The insider now directly holds shares of Caterpillar Inc. (CAT).
