UBS Asset Management Americas Inc. lowered its stake in shares of Caterpillar, Inc. (NYSE:CAT) by 18.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,928,145 shares of the industrial products company’s stock after selling 434,285 shares during the quarter. UBS Asset Management Americas Inc. owned 0.33% of Caterpillar worth $207,198,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of CAT. Baker Ellis Asset Management LLC purchased a new stake in shares of Caterpillar during the 2nd quarter worth $104,000. Motco increased its position in Caterpillar by 264.9% during the 2nd quarter. Motco now owns 989 shares of the industrial products company’s stock valued at $106,000 after buying an additional 718 shares in the last quarter. Harbour Capital Advisors LLC acquired a new position in Caterpillar during the 1st quarter valued at about $107,000. Acrospire Investment Management LLC increased its position in Caterpillar by 900.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock valued at $107,000 after buying an additional 900 shares in the last quarter. Finally, Harfst & Associates Inc. acquired a new position in Caterpillar during the 1st quarter valued at about $111,000. Institutional investors own 69.41% of the company’s stock.
In related news, Director Daniel M. Dickinson sold 3,813 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $137.09, for a total value of $522,724.17. Following the transaction, the director now owns 6,554 shares in the company, valued at approximately $898,487.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lange Bob De sold 1,572 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $137.58, for a total value of $216,275.76. Following the completion of the transaction, the insider now owns 11,096 shares in the company, valued at approximately $1,526,587.68. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.
Shares of Caterpillar, Inc. (NYSE:CAT) opened at $136.48 on Friday. The stock has a market capitalization of $80,518.32, a PE ratio of 24.39, a price-to-earnings-growth ratio of 2.05 and a beta of 1.29. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 1.58. Caterpillar, Inc. has a fifty-two week low of $90.34 and a fifty-two week high of $140.44.
Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.68. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The company had revenue of $11.41 billion during the quarter, compared to the consensus estimate of $10.69 billion. During the same period in the previous year, the business earned $0.85 EPS. Caterpillar’s revenue for the quarter was up 24.6% on a year-over-year basis. sell-side analysts predict that Caterpillar, Inc. will post 6.4 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 given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Friday, October 20th. Caterpillar’s dividend payout ratio (DPR) is currently 216.67%.
A number of brokerages have recently weighed in on CAT. Vetr downgraded Caterpillar from a “hold” rating to a “sell” rating and set a $132.29 target price on the stock. in a research note on Monday, November 6th. Tigress Financial reiterated a “buy” rating on shares of Caterpillar in a research report on Monday, October 30th. BMO Capital Markets increased their price target on Caterpillar from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. Argus increased their price target on Caterpillar from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, Citigroup Inc. increased their price target on Caterpillar from $133.00 to $145.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $133.76.
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Caterpillar Company Profile
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