Zeke Capital Advisors LLC boosted its position in shares of Caterpillar, Inc. (NYSE:CAT) by 99.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,406 shares of the industrial products company’s stock after acquiring an additional 4,682 shares during the period. Zeke Capital Advisors LLC’s holdings in Caterpillar were worth $1,173,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its position in shares of Caterpillar by 10.6% during the second 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 shares of Caterpillar during the second quarter valued at about $104,000. Motco raised its position in shares of Caterpillar by 264.9% during the second 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 shares of Caterpillar during the first quarter valued at about $107,000. Finally, Acrospire Investment Management LLC raised its position in shares of Caterpillar by 900.0% during the second 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. 68.61% of the stock is owned by hedge funds and other institutional investors.
In other Caterpillar news, CFO Bradley M. Halverson sold 17,210 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $137.33, for a total transaction of $2,363,449.30. Following the sale, the chief financial officer now directly owns 7,814 shares of the company’s stock, valued at $1,073,096.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Lange Bob De sold 1,572 shares of the company’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $137.58, for a total transaction of $216,275.76. Following the sale, the insider now directly owns 11,096 shares in the company, valued at $1,526,587.68. The disclosure for this sale can be found here. Insiders have sold 52,989 shares of company stock worth $7,235,850 over the last ninety days. Insiders own 0.14% of the company’s stock.
Shares of Caterpillar, Inc. (NYSE CAT) opened at $146.69 on Friday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.04 and a current ratio of 1.44. The firm has a market cap of $87,026.89, a PE ratio of 26.36, a price-to-earnings-growth ratio of 2.20 and a beta of 1.29. Caterpillar, Inc. has a 52 week low of $90.34 and a 52 week high of $149.05.
Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.68. The firm 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 company’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 earnings per share. sell-side analysts predict that Caterpillar, Inc. will post 6.44 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, January 19th. This represents a $3.12 annualized dividend and a yield of 2.13%. Caterpillar’s dividend payout ratio is 216.67%.
CAT has been the subject of a number of research analyst reports. BMO Capital Markets reaffirmed a “buy” rating and set a $130.00 price objective on shares of Caterpillar in a research report on Friday, September 8th. Vetr lowered shares of Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 price objective for the company. in a research report on Monday, September 11th. Jefferies Group reaffirmed a “hold” rating and set a $100.00 price objective on shares of Caterpillar in a research report 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 shares of Caterpillar from $143.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, October 9th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company. Caterpillar presently has a consensus rating of “Hold” and an average target price of $139.14.
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