On May 3, 2024, David Maclennan, a Director at Caterpillar Inc (CAT, Financial), acquired 500 shares of the company, as reported in a recent SEC Filing. This transaction increased the insider's total holdings to 850 shares.
Caterpillar Inc (CAT, Financial) is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The company operates through various segments, providing a wide range of services and solutions to its diverse clientele.
The shares were purchased at a price of $337.39 each, valuing the transaction at approximately $168,695. This purchase follows a trend observed over the past year, where there have been 2 insider buys and 12 insider sells for Caterpillar Inc.
The market cap of Caterpillar Inc stands at approximately $166.54 billion. The stock's price-earnings ratio is 15.37, positioning it slightly above the industry median but below the company's historical median.
According to the GF Value, the intrinsic value of Caterpillar Inc is estimated at $298.53 per share, making the current price represent a modest overvaluation with a price-to-GF-Value ratio of 1.13.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This insider purchase might indicate a positive outlook on the company's future by the insider, despite the stock's current valuation metrics suggesting a modest overvaluation.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
