Williams Jones & Associates LLC maintained its position in shares of Caterpillar, Inc. (NYSE:CAT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,208 shares of the industrial products company’s stock at the close of the 2nd quarter. Williams Jones & Associates LLC’s holdings in Caterpillar were worth $2,279,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in CAT. Vanguard Group Inc. boosted its holdings in Caterpillar by 6.1% in the second quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock worth $4,430,058,000 after acquiring an additional 2,377,623 shares in the last quarter. FMR LLC boosted its holdings in Caterpillar by 11.7% in the second quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock worth $2,107,684,000 after acquiring an additional 2,052,300 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Caterpillar in the first quarter worth $143,490,000. Morgan Stanley boosted its holdings in Caterpillar by 15.1% in the first quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock worth $964,579,000 after acquiring an additional 1,365,856 shares in the last quarter. Finally, Balyasny Asset Management LLC boosted its holdings in Caterpillar by 663.8% in the second quarter. Balyasny Asset Management LLC now owns 1,032,853 shares of the industrial products company’s stock worth $110,990,000 after acquiring an additional 1,216,053 shares in the last quarter. 69.34% of the stock is currently owned by institutional investors and hedge funds.
Caterpillar, Inc. (NYSE:CAT) opened at $136.63 on Friday. The firm has a market capitalization of $81,285.84, a PE ratio of 24.62, a PEG ratio of 2.07 and a beta of 1.29. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.44 and a quick ratio of 1.04. Caterpillar, Inc. has a one year low of $80.59 and a one year high of $140.44.
Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.68. The firm had revenue of $11.41 billion during the quarter, compared to analyst estimates of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 earnings per share. research analysts forecast that Caterpillar, Inc. will post 6.4 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, October 23rd will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Friday, October 20th. Caterpillar’s dividend payout ratio (DPR) is 216.67%.
Several research firms have recently weighed in on CAT. Atlantic Securities upgraded Caterpillar from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $85.00 to $115.00 in a research note on Thursday, August 3rd. UBS AG set a $155.00 price target on Caterpillar and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Royal Bank Of Canada boosted their price target on Caterpillar from $120.00 to $143.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 25th. Tigress Financial restated a “buy” rating on shares of Caterpillar in a research note on Monday, October 30th. Finally, Vetr upgraded Caterpillar from a “strong sell” rating to a “buy” rating and set a $120.03 price target for the company in a research note on Thursday, August 10th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have given a buy rating to the company’s stock. Caterpillar currently has an average rating of “Hold” and an average target price of $133.70.
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In other news, insider Lange Bob De sold 1,572 shares of the company’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $137.58, for a total value of $216,275.76. Following the completion of the transaction, the insider now owns 11,096 shares of the company’s stock, valued at $1,526,587.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel M. Dickinson sold 3,813 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $137.09, for a total value of $522,724.17. Following the completion of the transaction, the director now directly owns 6,554 shares of the company’s stock, valued at approximately $898,487.86. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.
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