Exxonmobil Investment Management Inc. TX cut its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 12.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,597 shares of the industrial products company’s stock after selling 13,323 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Caterpillar were worth $14,907,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in CAT. Vanguard Group Inc. increased its holdings in shares of Caterpillar by 6.1% during the second quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock worth $4,430,058,000 after purchasing an additional 2,377,623 shares during the period. FMR LLC increased its holdings in shares of Caterpillar by 11.7% during the second quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock worth $2,107,684,000 after purchasing an additional 2,052,300 shares during the period. Jennison Associates LLC increased its holdings in shares of Caterpillar by 140.9% during the third quarter. Jennison Associates LLC now owns 2,627,319 shares of the industrial products company’s stock worth $327,653,000 after purchasing an additional 1,536,470 shares during the period. Balyasny Asset Management LLC increased its holdings in shares of Caterpillar by 663.8% during the second quarter. Balyasny Asset Management LLC now owns 1,032,853 shares of the industrial products company’s stock worth $110,990,000 after purchasing an additional 1,216,053 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of Caterpillar by 61.7% during the second quarter. Renaissance Technologies LLC now owns 2,501,100 shares of the industrial products company’s stock worth $268,768,000 after purchasing an additional 954,200 shares during the period. 68.55% of the stock is currently owned by institutional investors.
CAT has been the topic of several recent research reports. UBS Group raised shares of Caterpillar from a “neutral” rating to a “buy” rating and raised their target price for the stock from $116.00 to $140.00 in a report on Monday, September 18th. BMO Capital Markets increased their price target on shares of Caterpillar from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. Vetr lowered shares of 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 increased their price target on shares of Caterpillar from $143.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, October 9th. Finally, OTR Global lowered shares of Caterpillar to a “positive” rating in a research report on Monday, December 18th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company. Caterpillar has a consensus rating of “Hold” and an average price target of $148.24.
Shares of Caterpillar Inc. (NYSE CAT) traded up $1.58 during trading on Tuesday, reaching $171.88. 2,940,683 shares of the company’s stock were exchanged, compared to its average volume of 4,702,400. Caterpillar Inc. has a 1 year low of $90.34 and a 1 year high of $170.67. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.44 and a quick ratio of 1.04. The firm has a market capitalization of $102,490.00, a price-to-earnings ratio of 119.36, a P/E/G ratio of 2.09 and a beta of 1.29.
Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.68. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The firm had revenue of $11.41 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same quarter last year, the business posted $0.85 earnings per share. The company’s quarterly revenue was up 24.6% on a year-over-year basis. research analysts expect that Caterpillar Inc. will post 6.46 earnings per share for the current year.
The business also recently announced 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. The ex-dividend date is Friday, January 19th. This represents a $3.12 dividend on an annualized basis and a yield of 1.82%. Caterpillar’s dividend payout ratio is currently 216.67%.
In other news, insider Thomas A. Pellette sold 24,547 shares of Caterpillar stock in a transaction on Friday, November 17th. The shares were sold at an average price of $135.69, for a total transaction of $3,330,782.43. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Lange Bob De sold 1,572 shares of Caterpillar stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $137.58, for a total transaction of $216,275.76. Following the transaction, 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 worth $7,235,850 in the last 90 days. Company insiders own 0.14% of the company’s stock.
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