1,991 Shares in Caterpillar, Inc. (CAT) Acquired by North Star Asset Management Inc.
North Star Asset Management Inc. acquired a new position in Caterpillar, Inc. (NYSE:CAT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,991 shares of the industrial products company’s stock, valued at approximately $214,000.
Other hedge funds have also bought and sold shares of the company. Beach Investment Management LLC. bought a new stake in shares of Caterpillar in the second quarter valued at $231,000. NGAM Advisors L.P. raised its stake in shares of Caterpillar by 2.9% during the 2nd quarter. NGAM Advisors L.P. now owns 81,344 shares of the industrial products company’s stock valued at $8,742,000 after purchasing an additional 2,286 shares during the period. Bank of Nova Scotia raised its stake in shares of Caterpillar by 527.0% during the 1st quarter. Bank of Nova Scotia now owns 196,294 shares of the industrial products company’s stock valued at $18,208,000 after purchasing an additional 164,989 shares during the period. Bancorpsouth Inc. raised its stake in shares of Caterpillar by 1.2% during the 1st quarter. Bancorpsouth Inc. now owns 5,787 shares of the industrial products company’s stock valued at $537,000 after purchasing an additional 69 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in shares of Caterpillar during the 1st quarter valued at $46,917,000. 69.38% of the stock is currently owned by institutional investors and hedge funds.
Caterpillar, Inc. (CAT) opened at $136.48 on Monday. Caterpillar, Inc. has a 52-week low of $90.34 and a 52-week high of $140.44. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.04 and a current ratio of 1.44. The firm has a market capitalization of $81,196.54, a P/E ratio of 24.59, a P/E/G ratio of 2.07 and a beta of 1.29.
Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, beating the consensus estimate of $1.27 by $0.68. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The business had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $10.69 billion. During the same period last year, the business posted $0.85 EPS. The company’s revenue was up 24.6% compared to the same quarter last year. equities analysts forecast that Caterpillar, Inc. will post 6.4 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 23rd will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, October 20th. This represents a $3.12 annualized dividend and a yield of 2.29%. Caterpillar’s dividend payout ratio is 216.67%.
In other Caterpillar news, insider Lange Bob De sold 1,572 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $137.58, for a total transaction of $216,275.76. Following the sale, the insider now directly owns 11,096 shares in the company, valued at approximately $1,526,587.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Daniel M. Dickinson sold 3,813 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $137.09, for a total value of $522,724.17. Following the sale, the director now owns 6,554 shares in the company, valued at $898,487.86. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.
A number of equities analysts have weighed in on the company. Wells Fargo & Company restated an “outperform” rating on shares of Caterpillar in a research note on Wednesday, July 26th. Vetr upgraded Caterpillar from a “strong sell” rating to a “buy” rating and set a $120.03 price objective for the company in a report on Thursday, August 10th. Citigroup Inc. upped their price objective on Caterpillar from $115.00 to $125.00 and gave the stock a “neutral” rating in a report on Wednesday, July 26th. Tigress Financial reiterated a “buy” rating on shares of Caterpillar in a report on Monday, September 18th. Finally, BidaskClub cut Caterpillar from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $133.92.
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