Huntington National Bank trimmed its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,819 shares of the industrial products company’s stock after selling 1,441 shares during the quarter. Huntington National Bank’s holdings in Caterpillar were worth $11,789,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also bought and sold shares of the company. Beach Investment Management LLC. bought a new stake in shares of Caterpillar in the 2nd quarter valued at about $231,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Caterpillar by 9.8% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,071 shares of the industrial products company’s stock valued at $5,995,000 after purchasing an additional 4,291 shares during the last quarter. Wealthsource Partners LLC bought a new position in Caterpillar during the 2nd quarter valued at approximately $316,000. Ladenburg Thalmann Financial Services Inc. raised its position in Caterpillar by 18.5% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 152,100 shares of the industrial products company’s stock valued at $18,979,000 after purchasing an additional 23,749 shares during the last quarter. Finally, FMR LLC raised its position in Caterpillar by 11.7% during the 2nd quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock valued at $2,107,684,000 after purchasing an additional 2,052,300 shares during the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.
A number of research firms have weighed in on CAT. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Caterpillar in a report on Monday. Vetr downgraded Caterpillar from a “strong-buy” rating to a “buy” rating and set a $166.15 target price on the stock. in a report on Tuesday. TheStreet downgraded Caterpillar from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. Argus upgraded Caterpillar to a “buy” rating in a research note on Friday, February 2nd. Finally, ValuEngine upgraded Caterpillar from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. Caterpillar currently has an average rating of “Buy” and an average price target of $167.60.
In other news, insider Thomas A. Pellette sold 95,199 shares of Caterpillar stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $163.09, for a total transaction of $15,526,004.91. Following the completion of the sale, the insider now owns 96,268 shares of the company’s stock, valued at $15,700,348.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jananne A. Copeland sold 3,247 shares of Caterpillar stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $136.95, for a total transaction of $444,676.65. Following the sale, the insider now directly owns 8,908 shares of the company’s stock, valued at approximately $1,219,950.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,331 shares of company stock valued at $22,107,578. 0.14% of the stock is currently owned by company insiders.
Shares of Caterpillar Inc. (NYSE CAT) traded up $4.19 during trading on Wednesday, hitting $158.16. The stock had a trading volume of 4,449,813 shares, compared to its average volume of 6,853,505. The stock has a market capitalization of $93,320.00, a price-to-earnings ratio of 125.57, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.73. Caterpillar Inc. has a 52-week low of $90.34 and a 52-week high of $173.24.
Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, January 25th. The industrial products company reported $2.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.39. The firm had revenue of $12.90 billion during the quarter, compared to analyst estimates of $12.01 billion. Caterpillar had a return on equity of 28.69% and a net margin of 1.66%. The business’s quarterly revenue was up 34.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 earnings per share. sell-side analysts forecast that Caterpillar Inc. will post 9.05 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, January 22nd will be given a $0.78 dividend. The ex-dividend date of this dividend is Friday, January 19th. This represents a $3.12 annualized dividend and a yield of 1.97%. Caterpillar’s dividend payout ratio is currently 247.62%.
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Caterpillar Company Profile
Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.
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