Financial Counselors Inc. raised its position in Caterpillar, Inc. (NYSE:CAT) by 15.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 135,614 shares of the industrial products company’s stock after buying an additional 18,640 shares during the period. Financial Counselors Inc.’s holdings in Caterpillar were worth $14,573,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the stock. S. R. Schill & Associates boosted its holdings in Caterpillar by 0.3% in the 1st quarter. S. R. Schill & Associates now owns 2,204 shares of the industrial products company’s stock worth $204,000 after buying an additional 6 shares during the last quarter. Northstar Group Inc. lifted its stake in Caterpillar by 0.3% in the 2nd quarter. Northstar Group Inc. now owns 2,385 shares of the industrial products company’s stock worth $256,000 after purchasing an additional 8 shares in the last quarter. Clearbridge Investments LLC lifted its stake in Caterpillar by 0.3% in the 1st quarter. Clearbridge Investments LLC now owns 3,635 shares of the industrial products company’s stock worth $337,000 after purchasing an additional 10 shares in the last quarter. Toth Financial Advisory Corp lifted its stake in Caterpillar by 0.3% in the 2nd quarter. Toth Financial Advisory Corp now owns 3,915 shares of the industrial products company’s stock worth $421,000 after purchasing an additional 10 shares in the last quarter. Finally, Tarbox Family Office Inc. lifted its stake in Caterpillar by 0.4% in the 2nd quarter. Tarbox Family Office Inc. now owns 2,887 shares of the industrial products company’s stock worth $310,000 after purchasing an additional 12 shares in the last quarter. Institutional investors own 69.27% of the company’s stock.
A number of research analysts have weighed in on the stock. BMO Capital Markets raised their target price on shares of Caterpillar from $130.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, September 14th. Vetr raised shares of Caterpillar from a “sell” rating to a “hold” rating and set a $131.05 price target on the stock in a research report on Thursday, October 19th. Zacks Investment Research lowered shares of Caterpillar from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Stifel Nicolaus reaffirmed a “hold” rating and set a $125.00 price target on shares of Caterpillar in a research report on Sunday, July 30th. Finally, Argus lifted their price target on shares of Caterpillar from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $133.70.
Shares of Caterpillar, Inc. (CAT) traded up 0.64% during trading on Friday, hitting $137.81. 4,064,593 shares of the company were exchanged. The company’s 50-day moving average price is $126.04 and its 200 day moving average price is $111.66. Caterpillar, Inc. has a 12 month low of $80.33 and a 12 month high of $140.44. The stock has a market cap of $81.44 billion, a P/E ratio of 769.89 and a beta of 1.26.
Caterpillar (NYSE:CAT) last posted its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.68. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The business had revenue of $11.41 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. On average, equities analysts predict that Caterpillar, Inc. will post $6.38 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, October 23rd will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Friday, October 20th. Caterpillar’s payout ratio is 216.67%.
In other news, insider Suzette M. Long sold 13,859 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $114.30, for a total value of $1,584,083.70. Following the sale, the insider now owns 18,188 shares of the company’s stock, valued at approximately $2,078,888.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.14% of the stock is currently owned by corporate insiders.
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