Broderick Brian C Has $325,000 Stake in Caterpillar, Inc. (NYSE:CAT)

Broderick Brian C continued to hold its position in Caterpillar, Inc. (NYSE:CAT) during the second quarter, according to its most recent filing with the SEC. The firm owned 3,024 shares of the industrial products company’s stock at the end of the second quarter. Broderick Brian C’s holdings in Caterpillar were worth $325,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the stock. S. R. Schill & Associates increased its position in shares of Caterpillar by 0.3% in the first quarter. S. R. Schill & Associates now owns 2,204 shares of the industrial products company’s stock worth $204,000 after buying an additional 6 shares in the last quarter. Northstar Group Inc. increased its position in shares of Caterpillar by 0.3% in the second quarter. Northstar Group Inc. now owns 2,385 shares of the industrial products company’s stock worth $256,000 after buying an additional 8 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of Caterpillar by 0.3% in the first quarter. Clearbridge Investments LLC now owns 3,635 shares of the industrial products company’s stock worth $337,000 after buying an additional 10 shares in the last quarter. Toth Financial Advisory Corp increased its position in shares of Caterpillar by 0.3% in the second quarter. Toth Financial Advisory Corp now owns 3,915 shares of the industrial products company’s stock worth $421,000 after buying an additional 10 shares in the last quarter. Finally, Tarbox Family Office Inc. increased its position in shares of Caterpillar by 0.4% in the second quarter. Tarbox Family Office Inc. now owns 2,887 shares of the industrial products company’s stock worth $310,000 after buying an additional 12 shares in the last quarter. 70.53% of the stock is owned by hedge funds and other institutional investors.

Caterpillar, Inc. (NYSE CAT) traded up 0.14% during mid-day trading on Friday, hitting $113.31. 990,570 shares of the stock traded hands. The company’s 50 day moving average price is $109.51 and its 200-day moving average price is $101.06. Caterpillar, Inc. has a 1-year low of $79.93 and a 1-year high of $115.46. The stock has a market cap of $66.96 billion, a price-to-earnings ratio of 633.02 and a beta of 1.25.

Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.23. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The company had revenue of $11.33 billion for the quarter, compared to analysts’ expectations of $10.96 billion. During the same quarter last year, the business earned $1.09 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year. Analysts predict that Caterpillar, Inc. will post $5.24 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, August 19th. Shareholders of record on Thursday, July 20th will be paid a dividend of $0.78 per share. This is a boost from Caterpillar’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Tuesday, July 18th. This represents a $3.12 dividend on an annualized basis and a yield of 2.76%. Caterpillar’s dividend payout ratio (DPR) is presently 2,080.00%.

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A number of equities research analysts have commented on CAT shares. UBS AG restated a “neutral” rating and issued a $102.00 price target (up from $98.00) on shares of Caterpillar in a report on Friday, April 28th. Atlantic Securities upgraded shares of Caterpillar from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $85.00 to $115.00 in a report on Thursday, August 3rd. Argus restated a “buy” rating and issued a $113.10 price target (down from $130.00) on shares of Caterpillar in a report on Wednesday, August 2nd. Vetr upgraded shares of Caterpillar from a “strong sell” rating to a “buy” rating and set a $120.03 price target for the company in a report on Thursday. Finally, Axiom Securities restated a “sell” rating on shares of Caterpillar in a report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $107.15.

In other Caterpillar news, insider Bradley M. Halverson sold 182,612 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $114.05, for a total transaction of $20,826,898.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Suzette M. Long sold 13,859 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $114.30, for a total transaction of $1,584,083.70. Following the sale, the insider now owns 18,188 shares in the company, valued at approximately $2,078,888.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 201,471 shares of company stock worth $22,979,332. 0.15% of the stock is owned by company insiders.

Caterpillar Company Profile

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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