AXA reduced its stake in shares of Caterpillar, Inc. (NYSE:CAT) by 8.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 145,130 shares of the industrial products company’s stock after selling 13,141 shares during the quarter. AXA’s holdings in Caterpillar were worth $15,596,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of CAT. UBS Asset Management Americas Inc. boosted its holdings in shares of Caterpillar by 6.5% during the first quarter. UBS Asset Management Americas Inc. now owns 2,362,430 shares of the industrial products company’s stock worth $219,139,000 after purchasing an additional 143,477 shares during the period. Meadow Creek Investment Management LLC boosted its holdings in shares of Caterpillar by 25.4% during the first quarter. Meadow Creek Investment Management LLC now owns 8,250 shares of the industrial products company’s stock worth $765,000 after purchasing an additional 1,672 shares during the period. Main Street Research LLC boosted its holdings in shares of Caterpillar by 3.5% during the first quarter. Main Street Research LLC now owns 109,272 shares of the industrial products company’s stock worth $10,136,000 after purchasing an additional 3,685 shares during the period. Teza Capital Management LLC acquired a new stake in shares of Caterpillar during the first quarter worth approximately $846,000. Finally, Allegis Investment Advisors LLC boosted its holdings in shares of Caterpillar by 6.9% during the first quarter. Allegis Investment Advisors LLC now owns 7,520 shares of the industrial products company’s stock worth $698,000 after purchasing an additional 484 shares during the period. Institutional investors and hedge funds own 69.27% of the company’s stock.
In other Caterpillar news, insider Suzette M. Long sold 13,859 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $114.30, for a total transaction of $1,584,083.70. Following the transaction, the insider now owns 18,188 shares in the company, valued at approximately $2,078,888.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by company insiders.
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Shares of Caterpillar, Inc. (NYSE CAT) opened at 136.94 on Friday. The company has a market cap of $80.93 billion, a price-to-earnings ratio of 765.03 and a beta of 1.26. Caterpillar, Inc. has a one year low of $80.33 and a one year high of $140.44. The firm has a 50-day moving average of $126.04 and a 200 day moving average of $111.66.
Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.68. The firm had revenue of $11.41 billion for the quarter, compared to analysts’ expectations of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.85 EPS. Equities research analysts anticipate that Caterpillar, Inc. will post $6.17 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 23rd will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.28%. The ex-dividend date is Friday, October 20th. Caterpillar’s payout ratio is 216.67%.
Several analysts recently commented on CAT shares. BidaskClub upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Seaport Global Securities started coverage on shares of Caterpillar in a research note on Wednesday, September 6th. They issued a “neutral” rating and a $120.00 target price for the company. Wells Fargo & Company reiterated an “outperform” rating on shares of Caterpillar in a research note on Wednesday, July 26th. Vetr cut shares of Caterpillar from a “buy” rating to a “hold” rating and set a $120.03 target price for the company. in a research note on Tuesday, August 22nd. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $146.00 target price (up from $133.00) on shares of Caterpillar in a research note on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $133.70.
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