Caterpillar Inc. (CAT) Shares Bought by People s United Financial Inc.

People s United Financial Inc. raised its position in Caterpillar Inc. (NYSE:CAT) by 2.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 75,047 shares of the industrial products company’s stock after buying an additional 1,536 shares during the period. People s United Financial Inc.’s holdings in Caterpillar were worth $11,431,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Global Retirement Partners LLC boosted its holdings in shares of Caterpillar by 16.9% during the 3rd quarter. Global Retirement Partners LLC now owns 2,493 shares of the industrial products company’s stock worth $380,000 after purchasing an additional 360 shares during the last quarter. Private Capital Group LLC raised its position in shares of Caterpillar by 10.7% during the 2nd quarter. Private Capital Group LLC now owns 3,759 shares of the industrial products company’s stock valued at $509,000 after buying an additional 362 shares during the period. Segall Bryant & Hamill LLC raised its position in shares of Caterpillar by 1.1% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 34,837 shares of the industrial products company’s stock valued at $4,726,000 after buying an additional 372 shares during the period. Financial Advocates Investment Management raised its position in shares of Caterpillar by 6.2% during the 2nd quarter. Financial Advocates Investment Management now owns 6,379 shares of the industrial products company’s stock valued at $869,000 after buying an additional 374 shares during the period. Finally, First Interstate Bank raised its position in shares of Caterpillar by 21.4% during the 3rd quarter. First Interstate Bank now owns 2,137 shares of the industrial products company’s stock valued at $326,000 after buying an additional 376 shares during the period. Institutional investors own 66.86% of the company’s stock.

In other news, insider Denise C. Johnson sold 35,051 shares of the company’s stock in a transaction on Tuesday, October 2nd. The stock was sold at an average price of $154.18, for a total transaction of $5,404,163.18. Following the sale, the insider now owns 22,826 shares of the company’s stock, valued at $3,519,312.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lange Bob De acquired 1,080 shares of the business’s stock in a transaction dated Friday, October 26th. The shares were bought at an average cost of $115.58 per share, for a total transaction of $124,826.40. Following the transaction, the insider now directly owns 11,310 shares of the company’s stock, valued at approximately $1,307,209.80. The disclosure for this purchase can be found here. 0.36% of the stock is owned by insiders.

Shares of NYSE CAT opened at $134.72 on Tuesday. The company has a market capitalization of $80.06 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 0.50 and a beta of 1.61. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.48. Caterpillar Inc. has a 52-week low of $112.06 and a 52-week high of $173.24.

Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, October 23rd. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.03. The company had revenue of $13.51 billion for the quarter, compared to analyst estimates of $13.28 billion. Caterpillar had a return on equity of 44.13% and a net margin of 7.13%. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.95 earnings per share. Analysts predict that Caterpillar Inc. will post 11.64 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 20th. Shareholders of record on Monday, October 22nd were given a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend was Friday, October 19th. Caterpillar’s payout ratio is 50.00%.

CAT has been the topic of several analyst reports. Bank of America raised shares of Caterpillar from a “neutral” rating to a “buy” rating and lifted their price target for the company from $140.00 to $163.00 in a research report on Monday. Stifel Nicolaus reduced their price target on shares of Caterpillar from $174.00 to $168.00 and set a “hold” rating on the stock in a research report on Tuesday, August 7th. Credit Suisse Group reduced their price target on shares of Caterpillar from $210.00 to $183.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 24th. UBS Group set a $185.00 price target on shares of Caterpillar and gave the company a “buy” rating in a research report on Wednesday, September 5th. Finally, Wells Fargo & Co set a $145.00 price target on shares of Caterpillar and gave the company a “buy” rating in a research report on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $158.90.

TRADEMARK VIOLATION WARNING: This piece was originally published by Community Financial News and is owned by of Community Financial News. If you are viewing this piece on another site, it was illegally copied and republished in violation of US & international copyright law. The legal version of this piece can be read at https://www.com-unik.info/2018/12/04/caterpillar-inc-cat-shares-bought-by-people-s-united-financial-inc.html.

Caterpillar Profile

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.

Featured Story: Debt-To-Equity Ratio

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit