Caterpillar, Inc. (CAT) Shares Sold by Teachers Retirement System of The State of Kentucky
Teachers Retirement System of The State of Kentucky lowered its position in Caterpillar, Inc. (NYSE:CAT) by 11.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 238,879 shares of the industrial products company’s stock after selling 31,400 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Caterpillar were worth $22,158,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Howe & Rusling Inc. boosted its position in Caterpillar by 52.0% in the first quarter. Howe & Rusling Inc. now owns 1,087 shares of the industrial products company’s stock worth $101,000 after buying an additional 372 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Caterpillar during the first quarter worth about $107,000. First Personal Financial Services boosted its stake in shares of Caterpillar by 167.4% in the first quarter. First Personal Financial Services now owns 1,198 shares of the industrial products company’s stock worth $111,000 after buying an additional 750 shares in the last quarter. Harfst & Associates Inc. purchased a new stake in shares of Caterpillar during the first quarter worth about $111,000. Finally, Financial Architects Inc boosted its stake in shares of Caterpillar by 5.7% in the first quarter. Financial Architects Inc now owns 1,215 shares of the industrial products company’s stock worth $113,000 after buying an additional 65 shares in the last quarter. Institutional investors and hedge funds own 70.27% of the company’s stock.
Caterpillar, Inc. (NYSE CAT) traded down 0.04% during midday trading on Tuesday, hitting $113.66. 559,652 shares of the company were exchanged. The stock has a 50 day moving average of $110.04 and a 200 day moving average of $101.37. The firm has a market capitalization of $67.17 billion, a PE ratio of 634.97 and a beta of 1.25. Caterpillar, Inc. has a 1-year low of $79.93 and a 1-year high of $115.46.
Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.23. The firm had revenue of $11.33 billion for the quarter, compared to analyst estimates of $10.96 billion. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.09 EPS. On average, equities analysts predict that Caterpillar, Inc. will post $5.24 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, August 19th. Investors of record on Thursday, July 20th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Tuesday, July 18th. This represents a $3.12 annualized dividend and a yield of 2.74%. This is a positive change from Caterpillar’s previous quarterly dividend of $0.77. Caterpillar’s payout ratio is presently 2,080.00%.
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A number of equities research analysts have recently issued reports on the company. Credit Suisse Group restated a “buy” rating and set a $123.00 price objective on shares of Caterpillar in a report on Thursday, June 22nd. Vetr cut Caterpillar from a “sell” rating to a “strong sell” rating and set a $86.90 price objective for the company. in a report on Tuesday, April 25th. Bank of America Corporation set a $120.00 price objective on Caterpillar and gave the stock a “buy” rating in a report on Tuesday, June 20th. Stifel Nicolaus restated a “hold” rating and set a $125.00 price objective on shares of Caterpillar in a report on Sunday, July 30th. Finally, BMO Capital Markets restated a “hold” rating and set a $110.00 price objective on shares of Caterpillar in a report on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $107.15.
In related news, Director William A. Osborn sold 5,000 shares of the business’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $113.67, for a total transaction of $568,350.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bradley M. Halverson sold 182,612 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $114.05, for a total transaction of $20,826,898.60. The disclosure for this sale can be found here. Insiders have sold 201,471 shares of company stock worth $22,979,332 in the last three months. 0.15% of the stock is currently owned by insiders.
Caterpillar Company Profile
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