filings.toolsItem 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
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Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities.
Common Stock (NYSE: CAT)
Listing Information: Caterpillar common stock is listed on the New York Stock Exchange in the United States, and on stock exchanges in France and Switzerland.
Number of Shareholders: Shareholders of record at the end of 2019 totaled 25,985, compared with 26,938 at the end of 2018.
Performance Graph: Total Cumulative Shareholder Return for Five-Year Period Ending December 31, 2019
The graph below shows the cumulative shareholder return assuming an investment of $100 on December 31, 2014, and reinvestment of dividends issued thereafter.
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |||||||||||||||||||
| Caterpillar Inc. | $ | 100.00 | $ | 77.03 | $ | 109.46 | $ | 191.59 | $ | 157.95 | $ | 188.77 | ||||||||||||
| S&P 500 | $ | 100.00 | $ | 101.38 | $ | 113.51 | $ | 138.29 | $ | 132.23 | $ | 173.86 | ||||||||||||
| S&P 500 Machinery | $ | 100.00 | $ | 97.47 | $ | 115.85 | $ | 140.22 | $ | 121.58 | $ | 157.29 |
Non-U.S. Employee Stock Purchase Plans
As of December 31, 2019, we had 24 employee stock purchase plans (the “EIP Plans”) administered outside the United States for our non-U.S. employees, which had approximately 12,000 active participants in the aggregate. During the fourth quarter of 2019, approximately 87,000 shares of Caterpillar common stock were purchased by the EIP Plans pursuant to the terms of such plans.
Issuer Purchases of Equity Securities
| Period | Total Number of Shares Purchased2,3 | Average Price Paid per Share2,3 | Total Number of Shares Purchased as Part of Publicly Announced Program | Approximate Dollar Value of Shares that May Yet be Purchased **under the Program (in billions)**1 | ||||||||||
| October 1-31, 2019 | 4,755,142 | $ | 137.65 | 4,755,142 | $ | 6.022 | ||||||||
| November 1-30, 2019 | 36,414 | $ | 137.31 | 36,414 | $ | 6.017 | ||||||||
| December 1-31, 2019 | 2,890 | $ | 139.73 | 2,890 | $ | 6.017 | ||||||||
| Total | 4,794,446 | $ | 137.64 | 4,794,446 | ||||||||||
| 1 In July 2018, the Board approved a share repurchase authorization of up to $10.0 billion of Caterpillar common stock effective January 1, 2019, with no expiration (the 2018 Authorization). As of December 31, 2019, approximately $6.0 billion remained available under the 2018 Authorization. | ||||||||||||||
| 2 During the fourth quarter of 2019, we entered into an accelerated share repurchase agreement (ASR) with a third-party financial institution to purchase $600 million of our common stock. In October 2019, upon payment of $600 million to the financial institution, we received 3.5 million shares. In January 2020, upon final settlement of the ASR, we received an additional 0.7 million shares. In total, we repurchased 4.2 million shares under this ASR at an average price per share of $142.48. | ||||||||||||||
| 3 In October of 2019, we repurchased 1.3 million shares for $158 million in open market transactions at an average price per share of $124.43. In November and December of 2019, we repurchased a minimal number of shares in open market transactions as illustrated in the above table. | ||||||||||||||
| Share repurchases in the table above are reported based on the trade dates. |
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