Caterpillar, Inc. (CAT) Shares Bought by FDO Partners LLC

FDO Partners LLC raised its position in shares of Caterpillar, Inc. (NYSE:CAT) by 127.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,258 shares of the industrial products company’s stock after buying an additional 12,453 shares during the period. FDO Partners LLC’s holdings in Caterpillar were worth $2,065,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Howe & Rusling Inc. increased its position 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 increased its position in shares of Caterpillar by 167.4% in the first quarter. First Personal Financial Services now owns 1,198 shares of the industrial products company’s stock worth $111,000 after buying an additional 750 shares during the period. Financial Architects Inc increased its position in shares of Caterpillar by 5.7% in the first quarter. Financial Architects Inc now owns 1,215 shares of the industrial products company’s stock worth $113,000 after buying an additional 65 shares during the period. Ledyard National Bank increased its position in shares of Caterpillar by 145.7% in the first quarter. Ledyard National Bank now owns 1,425 shares of the industrial products company’s stock worth $132,000 after buying an additional 845 shares during the period. Finally, Integrated Investment Consultants LLC increased its position in shares of Caterpillar by 17.1% in the first quarter. Integrated Investment Consultants LLC now owns 1,710 shares of the industrial products company’s stock worth $159,000 after buying an additional 250 shares during the period. Hedge funds and other institutional investors own 70.27% of the company’s stock.

Caterpillar, Inc. (NYSE:CAT) opened at 113.92 on Friday. Caterpillar, Inc. has a 12 month low of $79.93 and a 12 month high of $115.46. The company has a market capitalization of $67.32 billion, a price-to-earnings ratio of 636.42 and a beta of 1.25. The stock’s 50 day moving average price is $111.03 and its 200 day moving average price is $101.77.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $11.33 billion for the quarter, compared to the consensus estimate of $10.96 billion. During the same period in the previous year, the business earned $1.09 earnings per share. The business’s revenue was up 9.6% on a year-over-year basis. Equities research analysts anticipate that Caterpillar, Inc. will post $5.24 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, August 19th. Stockholders of record on Thursday, July 20th will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.74%. This is an increase from Caterpillar’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Tuesday, July 18th. Caterpillar’s payout ratio is presently 2,080.00%.

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A number of research analysts have issued reports on the company. Credit Suisse Group restated a “buy” rating and issued a $123.00 price objective on shares of Caterpillar in a research note on Thursday, June 22nd. Vetr downgraded Caterpillar from a “sell” rating to a “strong sell” rating and set a $86.90 price objective for the company. in a research note on Tuesday, April 25th. Bank of America Corporation set a $120.00 price objective on Caterpillar and gave the company a “buy” rating in a research note on Tuesday, June 20th. Stifel Nicolaus reaffirmed a “hold” rating and set a $125.00 price target on shares of Caterpillar in a research report on Sunday, July 30th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $110.00 price target on shares of Caterpillar in a research report on Wednesday, June 21st. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Caterpillar has an average rating of “Hold” and a consensus price target of $107.15.

In related news, insider Bradley M. Halverson sold 182,612 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $114.05, for a total value of $20,826,898.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director William A. Osborn sold 5,000 shares of the business’s stock in a transaction dated 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. Insiders sold 201,471 shares of company stock worth $22,979,332 over the last 90 days. Company insiders own 0.15% of the company’s stock.

Caterpillar Company Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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