Caterpillar, Inc. (NYSE:CAT) Stake Lowered by Investment House LLC
Investment House LLC lowered its position in Caterpillar, Inc. (NYSE:CAT) by 2.8% during the second quarter, Holdings Channel reports. The firm owned 10,387 shares of the industrial products company’s stock after selling 300 shares during the period. Investment House LLC’s holdings in Caterpillar were worth $1,116,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the company. S. R. Schill & Associates boosted its stake in shares of Caterpillar by 0.3% in the first quarter. S. R. Schill & Associates now owns 2,204 shares of the industrial products company’s stock worth $204,000 after buying an additional 6 shares during the period. Northstar Group Inc. boosted its stake in shares of Caterpillar by 0.3% in the second quarter. Northstar Group Inc. now owns 2,385 shares of the industrial products company’s stock worth $256,000 after buying an additional 8 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Caterpillar by 0.3% in the first quarter. Clearbridge Investments LLC now owns 3,635 shares of the industrial products company’s stock worth $337,000 after buying an additional 10 shares during the period. Toth Financial Advisory Corp boosted its stake in shares of Caterpillar by 0.3% in the second quarter. Toth Financial Advisory Corp now owns 3,915 shares of the industrial products company’s stock worth $421,000 after buying an additional 10 shares during the period. Finally, Tarbox Family Office Inc. boosted its stake in shares of Caterpillar by 0.4% in the second quarter. Tarbox Family Office Inc. now owns 2,887 shares of the industrial products company’s stock worth $310,000 after buying an additional 12 shares during the period. Institutional investors and hedge funds own 70.53% of the company’s stock.
Shares of Caterpillar, Inc. (CAT) traded down 1.22% during mid-day trading on Thursday, hitting $112.94. 1,494,824 shares of the stock were exchanged. Caterpillar, Inc. has a 12-month low of $79.93 and a 12-month high of $115.46. The stock has a market capitalization of $66.74 billion, a P/E ratio of 630.95 and a beta of 1.25. The stock’s 50 day moving average price is $109.24 and its 200-day moving average price is $100.97.
Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.23. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The company had revenue of $11.33 billion for the quarter, compared to analysts’ expectations of $10.96 billion. During the same period last year, the business earned $1.09 EPS. Caterpillar’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts expect that Caterpillar, Inc. will post $5.24 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, August 19th. Investors of record on Thursday, July 20th will be issued a $0.78 dividend. This is a boost from Caterpillar’s previous quarterly dividend of $0.77. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Tuesday, July 18th. Caterpillar’s dividend payout ratio (DPR) is currently 2,080.00%.
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A number of equities research analysts recently issued reports on the stock. UBS AG reiterated a “neutral” rating and set a $102.00 target price (up previously from $98.00) on shares of Caterpillar in a research report on Friday, April 28th. Wells Fargo & Company restated an “outperform” rating on shares of Caterpillar in a research report on Wednesday, July 26th. Vetr cut shares of Caterpillar from a “buy” rating to a “hold” rating and set a $107.75 price objective for the company. in a research report on Tuesday, May 23rd. Axiom Securities restated a “sell” rating on shares of Caterpillar in a research report on Tuesday, June 6th. Finally, Citigroup Inc. raised their price objective on shares of Caterpillar from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $106.56.
In other Caterpillar news, insider Suzette M. Long sold 13,859 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $114.30, for a total transaction of $1,584,083.70. Following the transaction, the insider now directly owns 18,188 shares in the company, valued at approximately $2,078,888.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William A. Osborn sold 5,000 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $113.67, for a total value of $568,350.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 201,471 shares of company stock worth $22,979,332. 0.15% of the stock is owned by company insiders.
Caterpillar Company Profile
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