Investment House LLC cut its position in Caterpillar, Inc. (NYSE:CAT) by 3.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,687 shares of the industrial products company’s stock after selling 400 shares during the period. Investment House LLC’s holdings in Caterpillar were worth $991,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. Howe & Rusling Inc. raised its stake in shares of Caterpillar by 52.0% in the first quarter. Howe & Rusling Inc. now owns 1,087 shares of the industrial products company’s stock worth $101,000 after buying an additional 372 shares during the period. First Personal Financial Services raised its stake in Caterpillar by 167.4% in the first quarter. First Personal Financial Services now owns 1,198 shares of the industrial products company’s stock valued at $111,000 after buying an additional 750 shares during the last quarter. Financial Architects Inc raised its stake in Caterpillar by 5.7% in the first quarter. Financial Architects Inc now owns 1,215 shares of the industrial products company’s stock valued at $113,000 after buying an additional 65 shares during the last quarter. Ledyard National Bank raised its stake in Caterpillar by 145.7% in the first quarter. Ledyard National Bank now owns 1,425 shares of the industrial products company’s stock valued at $132,000 after buying an additional 845 shares during the last quarter. Finally, Integrated Investment Consultants LLC raised its stake in Caterpillar by 17.1% in the first quarter. Integrated Investment Consultants LLC now owns 1,710 shares of the industrial products company’s stock valued at $159,000 after buying an additional 250 shares during the last quarter. Institutional investors and hedge funds own 70.53% of the company’s stock.
Caterpillar, Inc. (CAT) opened at 112.85 on Friday. The stock’s 50 day moving average price is $109.77 and its 200 day moving average price is $101.19. Caterpillar, Inc. has a 12-month low of $79.93 and a 12-month high of $115.46. The company has a market cap of $66.69 billion, a PE ratio of 630.45 and a beta of 1.25.
Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.26 by $0.23. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The company had revenue of $11.33 billion for the quarter, compared to analyst estimates of $10.96 billion. During the same quarter in the prior year, the company earned $1.09 EPS. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities research analysts anticipate that Caterpillar, Inc. will post $5.24 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, August 19th. Shareholders of record on Thursday, July 20th will be issued a $0.78 dividend. The ex-dividend date is Tuesday, July 18th. This represents a $3.12 annualized dividend and a yield of 2.76%. This is a positive change from Caterpillar’s previous quarterly dividend of $0.77. Caterpillar’s dividend payout ratio is presently 2,080.00%.
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Several research firms have weighed in on CAT. Vetr upgraded shares of Caterpillar from a “strong sell” rating to a “buy” rating and set a $120.03 target price for the company in a research note on Thursday. Atlantic Securities upgraded shares of Caterpillar from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $85.00 to $115.00 in a research note on Thursday, August 3rd. Argus restated a “buy” rating and set a $113.10 price target (down previously from $130.00) on shares of Caterpillar in a research report on Wednesday, August 2nd. Tigress Financial upgraded shares of Caterpillar from a “neutral” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Stifel Nicolaus restated a “hold” rating and set a $125.00 price target on shares of Caterpillar in a research report on Sunday, July 30th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Caterpillar presently has a consensus 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 stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $114.05, for a total value of $20,826,898.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William A. Osborn sold 5,000 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $113.67, for a total value of $568,350.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 201,471 shares of company stock worth $22,979,332. Corporate insiders own 0.15% of the company’s stock.
Caterpillar Company Profile
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