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Caterpillar (NYSE:CAT) Insider Sells $1,730,391.58 in Stock
Caterpillar (NYSE:CAT) insider Rodney Michael Shurman sold 2,278 shares of company stock for over $1.73 million, significantly reducing his stake. This sale occurred on February 23rd, following another sale on February 17th. The company recently reported strong quarterly earnings, beating analyst estimates, but its stock remains richly valued near a 52-week high with a P/E ratio of approximately 40.8.