Ameriprise Financial Inc. raised its position in shares of Caterpillar, Inc. (NYSE:CAT) by 25.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,552,266 shares of the industrial products company’s stock after buying an additional 311,596 shares during the period. Ameriprise Financial Inc. owned about 0.26% of Caterpillar worth $193,530,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of Caterpillar by 8.1% in the first quarter. Geode Capital Management LLC now owns 5,575,420 shares of the industrial products company’s stock valued at $516,423,000 after purchasing an additional 419,191 shares in the last quarter. Plancorp LLC increased its holdings in shares of Caterpillar by 1.6% in the first quarter. Plancorp LLC now owns 6,865 shares of the industrial products company’s stock valued at $637,000 after purchasing an additional 105 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Caterpillar by 39.0% in the first quarter. Parallel Advisors LLC now owns 2,132 shares of the industrial products company’s stock valued at $216,000 after purchasing an additional 598 shares in the last quarter. Davidson Investment Advisors grew its holdings in Caterpillar by 3.0% during the 1st quarter. Davidson Investment Advisors now owns 3,400 shares of the industrial products company’s stock worth $315,000 after acquiring an additional 100 shares during the period. Finally, Impala Asset Management LLC grew its holdings in Caterpillar by 42.4% during the 1st quarter. Impala Asset Management LLC now owns 645,167 shares of the industrial products company’s stock worth $59,846,000 after acquiring an additional 192,230 shares during the period. 68.61% of the stock is owned by institutional investors.
CAT has been the subject of a number of analyst reports. Vetr lowered shares of Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 target price for the company. in a report on Monday, September 11th. Jefferies Group reaffirmed a “hold” rating and set a $100.00 target price on shares of Caterpillar in a report on Tuesday, August 29th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Caterpillar in a report on Tuesday, August 29th. UBS raised shares of Caterpillar from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $116.00 to $140.00 in a report on Monday, September 18th. Finally, BMO Capital Markets lifted their target price on shares of Caterpillar from $130.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, September 14th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $136.41.
In related news, insider Jananne A. Copeland sold 3,247 shares of the business’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $136.95, for a total value of $444,676.65. Following the sale, the insider now directly owns 8,908 shares of the company’s stock, valued at approximately $1,219,950.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas A. Pellette sold 24,547 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $135.69, for a total transaction of $3,330,782.43. The disclosure for this sale can be found here. Insiders sold a total of 52,989 shares of company stock worth $7,235,850 over the last ninety days. 0.14% of the stock is currently owned by insiders.
Caterpillar, Inc. (NYSE:CAT) opened at $143.86 on Friday. The firm has a market cap of $85,587.21, a price-to-earnings ratio of 25.92, a PEG ratio of 2.17 and a beta of 1.29. Caterpillar, Inc. has a 52-week low of $90.34 and a 52-week high of $145.19. 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 (NYSE:CAT) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.68. The company had revenue of $11.41 billion for 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%. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share. research analysts anticipate that Caterpillar, Inc. will post 6.41 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, October 23rd were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, October 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.17%. Caterpillar’s dividend payout ratio is 216.67%.
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Caterpillar Company Profile
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