Ausdal Financial Partners Inc. Decreases Holdings in Caterpillar Inc. (CAT)
Ausdal Financial Partners Inc. trimmed its stake in shares of Caterpillar Inc. (NYSE:CAT) by 1.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,521 shares of the industrial products company’s stock after selling 775 shares during the quarter. Caterpillar comprises 2.5% of Ausdal Financial Partners Inc.’s investment portfolio, making the stock its 3rd biggest holding. Ausdal Financial Partners Inc.’s holdings in Caterpillar were worth $8,211,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Lee Financial Co raised its stake in shares of Caterpillar by 365.1% during the 1st quarter. Lee Financial Co now owns 814 shares of the industrial products company’s stock worth $120,000 after buying an additional 639 shares in the last quarter. Ballew Advisors Inc purchased a new position in shares of Caterpillar during the 1st quarter worth approximately $121,000. Stelac Advisory Services LLC purchased a new position in shares of Caterpillar during the 1st quarter worth approximately $129,000. Landaas & Co. WI ADV purchased a new position in shares of Caterpillar during the 2nd quarter worth approximately $130,000. Finally, Front Row Advisors LLC raised its stake in shares of Caterpillar by 125.0% during the 1st quarter. Front Row Advisors LLC now owns 900 shares of the industrial products company’s stock worth $133,000 after buying an additional 500 shares in the last quarter. 67.25% of the stock is owned by institutional investors.
CAT has been the subject of a number of analyst reports. TheStreet raised Caterpillar from a “c+” rating to an “a-” rating in a research note on Tuesday, April 24th. Citigroup raised Caterpillar from a “neutral” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Monday, April 23rd. UBS Group raised their price objective on Caterpillar from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, June 14th. Morgan Stanley set a $185.00 price objective on Caterpillar and gave the company a “buy” rating in a research note on Wednesday, April 25th. Finally, Seaport Global Securities reaffirmed a “buy” rating and issued a $173.00 price objective on shares of Caterpillar in a research note on Wednesday, April 25th. Thirteen investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Caterpillar has a consensus rating of “Buy” and a consensus price target of $170.94.
Caterpillar (NYSE:CAT) last announced its earnings results on Monday, July 30th. The industrial products company reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.73 by $0.24. The firm had revenue of $14.01 billion for the quarter, compared to analysts’ expectations of $14.09 billion. Caterpillar had a return on equity of 40.60% and a net margin of 6.12%. Caterpillar’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.49 EPS. equities research analysts expect that Caterpillar Inc. will post 11.54 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 20th. Shareholders of record on Friday, July 20th will be issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Thursday, July 19th. This is a boost from Caterpillar’s previous quarterly dividend of $0.78. Caterpillar’s dividend payout ratio is 50.00%.
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.
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