Visionary Asset Management Inc. trimmed its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 12.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,958 shares of the industrial products company’s stock after selling 4,021 shares during the quarter. Caterpillar makes up approximately 1.0% of Visionary Asset Management Inc.’s investment portfolio, making the stock its 11th largest position. Visionary Asset Management Inc.’s holdings in Caterpillar were worth $3,611,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in CAT. First Command Bank grew its holdings in shares of Caterpillar by 52.6% during the 2nd quarter. First Command Bank now owns 5,810 shares of the industrial products company’s stock worth $623,000 after purchasing an additional 2,003 shares during the period. BKD Wealth Advisors LLC grew its holdings in shares of Caterpillar by 4.0% during the 2nd quarter. BKD Wealth Advisors LLC now owns 24,030 shares of the industrial products company’s stock worth $2,583,000 after purchasing an additional 915 shares during the period. Capital One National Association boosted its holdings in Caterpillar by 20.9% during the 2nd quarter. Capital One National Association now owns 6,065 shares of the industrial products company’s stock valued at $652,000 after acquiring an additional 1,050 shares during the period. Capstone Asset Management Co. boosted its holdings in Caterpillar by 1.7% during the 2nd quarter. Capstone Asset Management Co. now owns 44,493 shares of the industrial products company’s stock valued at $4,781,000 after acquiring an additional 755 shares during the period. Finally, Country Club Trust Company n.a. boosted its holdings in Caterpillar by 7.5% during the 2nd quarter. Country Club Trust Company n.a. now owns 8,822 shares of the industrial products company’s stock valued at $948,000 after acquiring an additional 619 shares during the period. 68.54% of the stock is owned by institutional investors and hedge funds.
Shares of Caterpillar Inc. (NYSE CAT) opened at $169.20 on Friday. Caterpillar Inc. has a 12-month low of $90.34 and a 12-month high of $169.53. The company has a market capitalization of $100,660.00, a price-to-earnings ratio of 117.50, a price-to-earnings-growth ratio of 2.01 and a beta of 1.29. 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 released its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.68. The company had revenue of $11.41 billion during the quarter, compared to analysts’ expectations of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The business’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 earnings per share. equities analysts predict that Caterpillar Inc. will post 6.46 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Monday, January 22nd will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Friday, January 19th. Caterpillar’s payout ratio is 216.67%.
A number of equities research analysts have issued reports on the company. UBS Group raised Caterpillar from a “neutral” rating to a “buy” rating and increased their price target for the company from $116.00 to $140.00 in a research report on Monday, September 18th. BMO Capital Markets raised their target price on Caterpillar from $130.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, September 14th. 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, December 7th. Goldman Sachs Group lifted their price target on Caterpillar from $143.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, October 9th. Finally, Barclays started coverage on Caterpillar in a research report on Tuesday, December 12th. They set an “overweight” rating and a $162.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the company. Caterpillar presently has a consensus rating of “Hold” and a consensus target price of $145.87.
In other Caterpillar news, insider Bradley M. Halverson sold 2,600 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 5,214 shares in the company, valued at $717,811.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lange Bob De sold 1,572 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 11,096 shares in the company, valued at approximately $1,526,587.68. The disclosure for this sale can be found here. Insiders sold 52,989 shares of company stock valued at $7,235,850 in the last ninety days. Company insiders own 0.14% of the company’s stock.
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