Nichols & Pratt Advisers LLP MA lessened its holdings in shares of Caterpillar, Inc. (NYSE:CAT) by 4.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 155,740 shares of the industrial products company’s stock after selling 6,460 shares during the period. Caterpillar accounts for approximately 1.7% of Nichols & Pratt Advisers LLP MA’s investment portfolio, making the stock its 21st biggest holding. Nichols & Pratt Advisers LLP MA’s holdings in Caterpillar were worth $19,423,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of CAT. Geode Capital Management LLC raised its position in shares of Caterpillar by 8.1% during the 1st quarter. Geode Capital Management LLC now owns 5,575,420 shares of the industrial products company’s stock worth $516,423,000 after acquiring an additional 419,191 shares in the last quarter. Plancorp LLC increased its position in Caterpillar by 1.6% during the first quarter. Plancorp LLC now owns 6,865 shares of the industrial products company’s stock worth $637,000 after buying an additional 105 shares during the period. Parallel Advisors LLC increased its position in Caterpillar by 39.0% during the first quarter. Parallel Advisors LLC now owns 2,132 shares of the industrial products company’s stock worth $216,000 after buying an additional 598 shares during the period. Davidson Investment Advisors increased its position in Caterpillar by 3.0% during the first quarter. Davidson Investment Advisors now owns 3,400 shares of the industrial products company’s stock worth $315,000 after buying an additional 100 shares during the period. Finally, Impala Asset Management LLC increased its position in Caterpillar by 42.4% during the first quarter. Impala Asset Management LLC now owns 645,167 shares of the industrial products company’s stock worth $59,846,000 after buying an additional 192,230 shares during the period. 68.61% of the stock is currently owned by institutional investors and hedge funds.
Caterpillar, Inc. (NYSE CAT) opened at $143.86 on Monday. The stock has a market capitalization of $85,587.16, a P/E ratio of 25.92, a PEG ratio of 2.17 and a beta of 1.29. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 1.58. Caterpillar, Inc. has a twelve month low of $90.34 and a twelve month high of $145.19.
Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.68. The business had revenue of $11.41 billion for the quarter, compared to analyst estimates of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 earnings per share. sell-side analysts forecast that Caterpillar, Inc. will post 6.41 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, October 23rd were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Friday, October 20th. Caterpillar’s payout ratio is currently 216.67%.
In related news, insider Bradley M. Halverson sold 2,600 shares of Caterpillar stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $137.67, for a total value of $357,942.00. Following the sale, the insider now directly owns 5,214 shares in the company, valued at $717,811.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Thomas A. Pellette sold 24,547 shares of Caterpillar stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $135.69, for a total value of $3,330,782.43. The disclosure for this sale can be found here. In the last three months, insiders sold 52,989 shares of company stock worth $7,235,850. Corporate insiders own 0.14% of the company’s stock.
Several research analysts have commented on the company. Vetr lowered Caterpillar from a “hold” rating to a “sell” rating and set a $137.72 price target on the stock. in a research report on Thursday. UBS set a $155.00 price target on Caterpillar and gave the stock a “buy” rating in a research report on Tuesday, December 5th. Stifel Nicolaus lifted their price target on Caterpillar from $125.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Royal Bank Of Canada lifted their price target on Caterpillar from $120.00 to $143.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 25th. Finally, Robert W. Baird lifted their price target on Caterpillar from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $136.41.
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Caterpillar Company Profile
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