Caterpillar ($CAT) director James C. Fish Jr. purchased $620,390 of company stock on November 2, according to a Form 4 filed November 3. The purchase followed a 9.3% share-price decline after Caterpillar’s October 29 earnings report, which showed higher profits but revenue below analyst expectations.
- Fish purchased 1,000 shares at an average price of $620.39, with transactions ranging from $620.33 to $620.42.
- He reported 4,714 directly held shares following the purchase, plus 500 shares held indirectly through two trusts.
- Third-quarter sales and revenues increased 17% year over year to $20.7 billion, compared with the $20.8 billion analyst estimate reported by Kiplinger.
- Adjusted earnings rose to $7.20 per share from $4.95 a year earlier. Operating profit margin increased to 20.4% from 17.3%.
- Separately, Caterpillar’s October 20 lobbying disclosure reported $1.04 million in spending, covering tariffs, corporate taxes, diesel emissions, right-to-repair proposals and power infrastructure.
Relevant Companies
- Caterpillar ($CAT): Director added shares following the earnings-related decline.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
