World Asset Management Inc raised its stake in Caterpillar, Inc. (NYSE:CAT) by 1.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,343 shares of the company’s stock after buying an additional 1,137 shares during the period. World Asset Management Inc’s holdings in Caterpillar were worth $5,534,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of CAT. Pittenger & Anderson Inc. raised its position in Caterpillar by 1.9% in the second quarter. Pittenger & Anderson Inc. now owns 1,325 shares of the company’s stock worth $100,000 after buying an additional 25 shares in the last quarter. Quadrant Capital Group LLC raised its position in Caterpillar by 5.3% in the third quarter. Quadrant Capital Group LLC now owns 1,282 shares of the company’s stock worth $106,000 after buying an additional 65 shares in the last quarter. Integrated Wealth Management raised its position in Caterpillar by 34.6% in the third quarter. Integrated Wealth Management now owns 1,246 shares of the company’s stock worth $111,000 after buying an additional 320 shares in the last quarter. Archford Capital Strategies LLC raised its position in Caterpillar by 1,424.3% in the second quarter. Archford Capital Strategies LLC now owns 1,692 shares of the company’s stock worth $128,000 after buying an additional 1,581 shares in the last quarter. Finally, Krilogy Financial LLC raised its position in Caterpillar by 42.0% in the second quarter. Krilogy Financial LLC now owns 2,232 shares of the company’s stock worth $169,000 after buying an additional 660 shares in the last quarter. Hedge funds and other institutional investors own 69.04% of the company’s stock.
Caterpillar, Inc. (NYSE:CAT) traded up 0.25% during trading on Wednesday, reaching $94.06. 1,612,798 shares of the company’s stock were exchanged. The firm has a market cap of $55.03 billion, a P/E ratio of 91.50 and a beta of 1.36. Caterpillar, Inc. has a 52-week low of $56.36 and a 52-week high of $97.40. The stock’s 50 day moving average price is $94.40 and its 200 day moving average price is $86.13.
Caterpillar (NYSE:CAT) last posted its earnings results on Tuesday, October 25th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.09. The company earned $9.16 billion during the quarter, compared to analysts’ expectations of $9.91 billion. Caterpillar had a net margin of 2.54% and a return on equity of 12.79%. Caterpillar’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 EPS. Equities research analysts anticipate that Caterpillar, Inc. will post $3.26 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, February 18th. Stockholders of record on Friday, January 20th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date is Wednesday, January 18th. Caterpillar’s dividend payout ratio is presently 179.07%.
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A number of equities research analysts have issued reports on the stock. Barclays PLC lifted their target price on shares of Caterpillar from $78.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 12th. Vetr lowered shares of Caterpillar from a “hold” rating to a “sell” rating and set a $82.00 target price for the company. in a research note on Tuesday, November 8th. CLSA reissued an “outperform” rating on shares of Caterpillar in a research note on Tuesday. Credit Suisse Group set a $90.00 target price on shares of Caterpillar and gave the company a “buy” rating in a research note on Wednesday, September 28th. Finally, OTR Global raised shares of Caterpillar to a “positive” rating in a research note on Tuesday, December 20th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $80.78.
In other news, Director Daniel M. Dickinson sold 950 shares of the firm’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $93.52, for a total transaction of $88,844.00. Following the completion of the sale, the director now owns 17,476 shares in the company, valued at approximately $1,634,355.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.15% of the company’s stock.
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 its three product segments: Resource Industries, Construction Industries, and Energy & Transportation. It also provides financing and related services through its Financial Products segment.
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