Invictus RG raised its stake in Caterpillar Inc. (NYSE:CAT) by 52.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,410 shares of the industrial products company’s stock after purchasing an additional 1,171 shares during the quarter. Invictus RG’s holdings in Caterpillar were worth $425,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Quadrant Capital Group LLC lifted its holdings in Caterpillar by 10.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 128 shares during the last quarter. Baker Ellis Asset Management LLC acquired a new stake in Caterpillar during the 2nd quarter worth approximately $104,000. Motco raised its holdings 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 acquiring an additional 718 shares in the last quarter. Harbour Capital Advisors LLC acquired a new position in Caterpillar in the 1st quarter valued at $107,000. Finally, Acrospire Investment Management LLC raised its holdings 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 acquiring an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 68.54% of the company’s stock.
Several brokerages have weighed in on CAT. BMO Capital Markets lifted their price objective on Caterpillar from $130.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, September 14th. Citigroup lifted their price objective on Caterpillar from $145.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, December 21st. Vetr upgraded Caterpillar from a “sell” rating to a “hold” rating and set a $131.05 price target on the stock in a research note on Thursday, October 19th. Zacks Investment Research lowered Caterpillar from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, Argus lifted their price target on Caterpillar from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $145.87.
Shares of Caterpillar Inc. (NYSE CAT) traded up $3.33 during trading hours on Thursday, hitting $169.20. The stock had a trading volume of 4,166,600 shares, compared to its average volume of 4,060,000. The firm has a market cap of $100,660.00, a P/E ratio of 117.50, a price-to-earnings-growth ratio of 2.01 and a beta of 1.29. 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 $169.53.
Caterpillar (NYSE:CAT) last posted 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. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The business had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $10.69 billion. During the same period in the prior year, the business earned $0.85 EPS. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. research analysts predict that Caterpillar Inc. will post 6.46 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, January 22nd will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Friday, January 19th. Caterpillar’s dividend payout ratio (DPR) is currently 216.67%.
In other news, insider Lange Bob De sold 1,572 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was 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 of the company’s stock, valued at $1,526,587.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Bradley M. Halverson sold 2,600 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $137.67, for a total value of $357,942.00. Following the completion of the transaction, the insider now directly owns 5,214 shares of the company’s stock, valued at $717,811.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,989 shares of company stock worth $7,235,850. 0.14% of the stock is owned by company insiders.
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