Should You Buy the Dip and Follow Insiders into These 10 Stocks?

4. Caterpillar Inc. (NYSE:CAT)

Number of Insiders Buying: 1

Market Capitalization: $163.76 billion

The fourth hot stock we decided to highlight in this list of 10 recent insider purchases is a manufacturer and seller of construction and mining equipment, industrial gas turbines, diesel-electric locomotives, Caterpillar. The Irving, Texas-headquartered company operates through three main areas: Construction Industries, Resource Industries, and Energy and Transportation Industries. Caterpillar is also one of the top 10 stocks everyone is talking about.

On January 30, the company disclosed financial results for the full year 2024, revealing revenues of $64.8 billion, down 3% year-over-year. Operating profit margin was 20.2% in 2024, compared with 19.3% in 2023. Adjusted operating profit margin was 20.7% in 2024, compared with 20.5% in 2023. Full-year profit was $22.05 per share in 2024, compared with profit of $20.12 per share in 2023.

On February 4, one insider bought $36,557 worth of Caterpillar shares at a price of $367.57 per share. Currently, the stock trades at $342.64, having declined 5.55% since the beginning of the year, and 2.63% over the past 12 months.

Based on 16 analysts’ estimates, the average rating for Caterpillar stock is “Buy” and the price target is $383.8 per share. The average price target indicates a 12.01% upside from the latest price.