Hartford Investment Management Co. decreased its position in shares of Caterpillar, Inc. (NYSE:CAT) by 0.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 127,318 shares of the industrial products company’s stock after selling 784 shares during the period. Hartford Investment Management Co.’s holdings in Caterpillar were worth $15,878,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Caterpillar by 6.1% during 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 purchasing an additional 2,377,623 shares during the last quarter. FMR LLC increased its position in Caterpillar by 11.7% during the second quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock worth $2,107,684,000 after purchasing an additional 2,052,300 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Caterpillar during the first quarter worth approximately $143,490,000. Jennison Associates LLC increased its position in Caterpillar by 140.9% during the third quarter. Jennison Associates LLC now owns 2,627,319 shares of the industrial products company’s stock worth $327,653,000 after purchasing an additional 1,536,470 shares during the last quarter. Finally, Morgan Stanley increased its position in Caterpillar by 15.1% during the first quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock worth $964,579,000 after purchasing an additional 1,365,856 shares during the last quarter. 68.61% of the stock is currently owned by institutional investors and hedge funds.
In other Caterpillar news, insider Lange Bob De sold 1,572 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $137.58, for a total transaction of $216,275.76. Following the transaction, the insider now directly owns 11,096 shares in the company, valued at approximately $1,526,587.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bradley M. Halverson sold 2,600 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $137.67, for a total transaction of $357,942.00. Following the transaction, the insider now owns 5,214 shares in the company, valued at $717,811.38. The disclosure for this sale can be found here. Insiders have sold a total of 52,989 shares of company stock worth $7,235,850 over the last quarter. 0.14% of the stock is currently owned by insiders.
Caterpillar (NYSE:CAT) last released its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.68. The business had revenue of $11.41 billion during the quarter, compared to analyst estimates of $10.69 billion. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The business’s revenue was up 24.6% on a year-over-year basis. During the same period last year, the business earned $0.85 EPS. analysts forecast that Caterpillar, Inc. will post 6.44 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, January 19th. This represents a $3.12 dividend on an annualized basis and a yield of 2.10%. Caterpillar’s dividend payout ratio (DPR) is 216.67%.
Several equities analysts recently commented on the stock. BMO Capital Markets upped their price target on shares of Caterpillar from $130.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, September 14th. Vetr raised shares of Caterpillar from a “sell” rating to a “hold” rating and set a $131.05 price objective for the company in a research report on Thursday, October 19th. Zacks Investment Research lowered shares of Caterpillar from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Argus increased their price objective on shares of Caterpillar from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, Tigress Financial reissued a “buy” rating on shares of Caterpillar in a research report on Monday, September 18th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $139.14.
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Caterpillar Company Profile
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