First Midwest Bank Trust Division lowered its position in shares of Caterpillar, Inc. (NYSE:CAT) by 4.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 24,241 shares of the industrial products company’s stock after selling 1,083 shares during the quarter. First Midwest Bank Trust Division’s holdings in Caterpillar were worth $3,023,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in CAT. Baker Ellis Asset Management LLC purchased a new stake in Caterpillar during the 2nd quarter worth approximately $104,000. Motco grew its position in shares of Caterpillar by 264.9% in the second quarter. Motco now owns 989 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 718 shares in the last quarter. Acrospire Investment Management LLC grew its position in shares of Caterpillar by 900.0% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 900 shares in the last quarter. Reilly Financial Advisors LLC grew its position in shares of Caterpillar by 92.9% in the second quarter. Reilly Financial Advisors LLC now owns 1,111 shares of the industrial products company’s stock valued at $119,000 after purchasing an additional 535 shares in the last quarter. Finally, Harbour Capital Advisors LLC purchased a new stake in shares of Caterpillar in the first quarter valued at approximately $107,000. Hedge funds and other institutional investors own 68.61% of the company’s stock.
A number of research analysts recently commented on CAT shares. BMO Capital Markets reiterated a “buy” rating and issued a $130.00 price objective on shares of Caterpillar in a report on Friday, September 8th. Vetr cut 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 restated a “hold” rating and set a $100.00 price target on shares of Caterpillar in a research note on Tuesday, August 29th. Credit Suisse Group reaffirmed a “hold” rating and set a $133.00 price objective on shares of Caterpillar in a research report on Friday, September 22nd. Finally, Goldman Sachs Group upped their price objective on Caterpillar from $143.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $136.28.
In other Caterpillar news, insider Lange Bob De sold 1,572 shares of the business’s stock in a transaction 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 transaction, the insider now owns 11,096 shares in the company, valued at approximately $1,526,587.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bradley M. Halverson sold 2,600 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $137.67, for a total transaction of $357,942.00. Following the completion of the transaction, the insider now owns 5,214 shares in the company, valued at approximately $717,811.38. The disclosure for this sale can be found here. Insiders have sold a total of 52,989 shares of company stock worth $7,235,850 in the last 90 days. Company insiders own 0.14% of the company’s stock.
Shares of Caterpillar, Inc. (NYSE CAT) traded up $2.55 on Thursday, hitting $142.89. 2,967,892 shares of the stock were exchanged, compared to its average volume of 4,379,366. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.04 and a current ratio of 1.44. Caterpillar, Inc. has a fifty-two week low of $90.34 and a fifty-two week high of $145.19. The stock has a market cap of $84,750.00, a PE ratio of 25.25, a price-to-earnings-growth ratio of 2.12 and a beta of 1.29.
Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.68. The firm had revenue of $11.41 billion during the quarter, compared to analysts’ expectations of $10.69 billion. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. Caterpillar’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 EPS. equities analysts expect that Caterpillar, Inc. will post 6.4 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, October 23rd were issued a dividend of $0.78 per share. The ex-dividend date was Friday, October 20th. This represents a $3.12 annualized dividend and a dividend yield of 2.18%. Caterpillar’s payout ratio is 216.67%.
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