Aldebaran Financial Inc. Purchases Shares of 4,500 Caterpillar, Inc. (CAT)
Aldebaran Financial Inc. purchased a new position in shares of Caterpillar, Inc. (NYSE:CAT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,500 shares of the industrial products company’s stock, valued at approximately $484,000.
Several other large investors also recently bought and sold shares of the company. USA Financial Portformulas Corp acquired a new position in shares of Caterpillar during the 2nd quarter worth $3,502,000. Atlantic Trust LLC grew its stake in shares of Caterpillar by 16.1% during the 2nd quarter. Atlantic Trust LLC now owns 12,090 shares of the industrial products company’s stock worth $1,128,000 after purchasing an additional 1,680 shares during the period. WFG Advisors LP grew its stake in Caterpillar by 0.4% in the 2nd quarter. WFG Advisors LP now owns 8,538 shares of the industrial products company’s stock valued at $917,000 after acquiring an additional 33 shares during the last quarter. Toronto Dominion Bank grew its stake in Caterpillar by 25.7% in the 2nd quarter. Toronto Dominion Bank now owns 201,949 shares of the industrial products company’s stock valued at $21,697,000 after acquiring an additional 41,299 shares during the last quarter. Finally, Archford Capital Strategies LLC grew its stake in Caterpillar by 107.5% in the 2nd quarter. Archford Capital Strategies LLC now owns 3,511 shares of the industrial products company’s stock valued at $294,000 after acquiring an additional 1,819 shares during the last quarter. 69.38% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Lange Bob De sold 1,572 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $137.58, for a total value of $216,275.76. Following the transaction, the insider now owns 11,096 shares in the company, valued at $1,526,587.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel M. Dickinson sold 3,813 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $137.09, for a total transaction of $522,724.17. Following the completion of the transaction, the director now owns 6,554 shares in the company, valued at approximately $898,487.86. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.
CAT has been the topic of a number of research reports. BMO Capital Markets reissued a “buy” rating and issued a $130.00 price objective on shares of Caterpillar in a research note on Friday, September 8th. Vetr cut shares of Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 price objective on the stock. in a research note on Monday, September 11th. Jefferies Group LLC reissued a “hold” rating and issued a $100.00 price objective on shares of Caterpillar in a research note on Tuesday, August 29th. Credit Suisse Group reissued a “hold” rating and issued a $133.00 price objective on shares of Caterpillar in a research note on Friday, September 22nd. Finally, Goldman Sachs Group, Inc. (The) increased their price objective on shares of Caterpillar from $143.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, October 9th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Caterpillar has an average rating of “Hold” and an average target price of $133.92.
Caterpillar, Inc. (CAT) opened at $137.54 on Wednesday. Caterpillar, Inc. has a 1-year low of $90.34 and a 1-year high of $140.44. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.44 and a quick ratio of 1.04. The company has a market cap of $81,226.29, a P/E ratio of 24.60, a P/E/G ratio of 2.07 and a beta of 1.29.
Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.68. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The firm had revenue of $11.41 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same quarter last year, the firm posted $0.85 earnings per share. Caterpillar’s revenue for the quarter was up 24.6% compared to the same quarter last year. equities analysts expect that Caterpillar, Inc. will post 6.4 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, October 23rd will be issued a $0.78 dividend. The ex-dividend date of this dividend is Friday, October 20th. This represents a $3.12 annualized dividend and a yield of 2.27%. Caterpillar’s payout ratio is 216.67%.
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