B. Riley Financial Inc. bought a new stake in Caterpillar Inc. (NYSE:CAT) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,716 shares of the industrial products company’s stock, valued at approximately $339,000.
Other hedge funds have also bought and sold shares of the company. Baker Ellis Asset Management LLC purchased a new position in shares of Caterpillar in the 2nd quarter worth about $104,000. Motco raised its position in shares of Caterpillar by 264.9% in the 2nd quarter. Motco now owns 989 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 718 shares during the last quarter. Acrospire Investment Management LLC raised its position in shares of Caterpillar by 900.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 900 shares during the last quarter. Harbour Capital Advisors LLC purchased a new position in shares of Caterpillar in the 1st quarter worth about $107,000. Finally, Chicago Partners Investment Group LLC raised its position in shares of Caterpillar by 75.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 1,152 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 496 shares during the last quarter. 68.54% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Thomas A. Pellette sold 24,547 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $135.69, for a total transaction of $3,330,782.43. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Bradley M. Halverson sold 17,210 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $137.33, for a total value of $2,363,449.30. Following the sale, the chief financial officer now directly owns 7,814 shares in the company, valued at approximately $1,073,096.62. The disclosure for this sale can be found here. Insiders sold a total of 52,989 shares of company stock worth $7,235,850 in the last ninety days. 0.14% of the stock is currently owned by corporate insiders.
A number of equities analysts have weighed in on the company. Bank of America reissued a “buy” rating and issued a $189.00 target price (up previously from $158.00) on shares of Caterpillar in a research report on Friday. Tigress Financial reissued a “buy” rating on shares of Caterpillar in a research report on Monday, September 18th. Vetr upgraded Caterpillar from a “sell” rating to a “hold” rating and set a $131.05 price target for the company in a research note on Thursday, October 19th. Barclays initiated coverage on Caterpillar in a research note on Tuesday, December 12th. They set an “overweight” rating and a $162.00 price target for the company. Finally, Deutsche Bank set a $149.00 price target on Caterpillar and gave the company a “hold” rating in a research note on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $147.72.
Caterpillar Inc. (NYSE CAT) traded up $1.10 during trading hours on Friday, reaching $170.30. The company had a trading volume of 4,107,900 shares, compared to its average volume of 4,120,000. Caterpillar Inc. has a one year low of $90.34 and a one year high of $170.67. The stock has a market cap of $101,320.00, a price-to-earnings ratio of 118.26, a PEG ratio of 2.09 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 (NYSE:CAT) last announced its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.68. The company had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. Caterpillar’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 EPS. analysts anticipate that Caterpillar Inc. will post 6.46 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Friday, January 19th. Caterpillar’s dividend payout ratio (DPR) is presently 216.67%.
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Caterpillar Company Profile
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