Davis R M Inc. lifted its position in shares of Caterpillar, Inc. (NYSE:CAT) by 15.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,724 shares of the industrial products company’s stock after purchasing an additional 750 shares during the period. Davis R M Inc.’s holdings in Caterpillar were worth $714,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in CAT. Quadrant Capital Group LLC grew its stake in Caterpillar by 10.6% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock valued at $102,000 after buying an additional 128 shares during the last quarter. Baker Ellis Asset Management LLC acquired a new position in Caterpillar in the 2nd quarter valued at about $104,000. Motco grew its stake in Caterpillar by 264.9% in 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 during the last quarter. Harbour Capital Advisors LLC acquired a new position in Caterpillar in the 1st quarter valued at about $107,000. Finally, Acrospire Investment Management LLC grew its stake in Caterpillar by 900.0% in 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 during the last quarter. Institutional investors own 69.19% of the company’s stock.
A number of research analysts recently commented on CAT shares. Vetr lowered shares of Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 price target on the stock. in a research note on Monday, September 11th. Jefferies Group LLC restated a “hold” rating and set a $100.00 target price on shares of Caterpillar in a research report on Tuesday, August 29th. Royal Bank Of Canada restated a “hold” rating on shares of Caterpillar in a research report on Tuesday, August 29th. UBS AG upgraded shares of Caterpillar from a “neutral” rating to a “buy” rating and increased their target price for the stock from $116.00 to $140.00 in a research report on Monday, September 18th. Finally, BMO Capital Markets increased their target price on shares of Caterpillar from $130.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, September 14th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $133.92.
In other Caterpillar news, insider Lange Bob De sold 1,572 shares of the company’s stock in a transaction that occurred on 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 directly owns 11,096 shares in the company, valued at approximately $1,526,587.68. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Daniel M. Dickinson sold 3,813 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $137.09, for a total transaction of $522,724.17. Following the completion of the transaction, the director now owns 6,554 shares of the company’s stock, valued at $898,487.86. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.
Caterpillar, Inc. (NYSE CAT) opened at $136.13 on Monday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.44 and a quick ratio of 1.04. Caterpillar, Inc. has a 12-month low of $90.34 and a 12-month high of $140.44. The stock has a market cap of $80,988.32, a P/E ratio of 24.53, a price-to-earnings-growth ratio of 2.06 and a beta of 1.29.
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, beating 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 firm had revenue of $11.41 billion during the quarter, compared to analysts’ expectations of $10.69 billion. During the same period in the prior year, the company posted $0.85 EPS. The company’s revenue was up 24.6% on a year-over-year basis. equities research analysts predict that Caterpillar, Inc. will post 6.4 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 23rd will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.29%. The ex-dividend date is Friday, October 20th. Caterpillar’s dividend payout ratio (DPR) is currently 216.67%.
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Caterpillar Company Profile
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