Charter Trust Co. Sells 1,147 Shares of Caterpillar, Inc. (CAT)
Charter Trust Co. reduced its stake in shares of Caterpillar, Inc. (NYSE:CAT) by 1.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 72,133 shares of the industrial products company’s stock after selling 1,147 shares during the period. Charter Trust Co.’s holdings in Caterpillar were worth $7,752,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of CAT. Capital One National Association boosted its position in shares of Caterpillar by 20.9% in the second quarter. Capital One National Association now owns 6,065 shares of the industrial products company’s stock valued at $652,000 after buying an additional 1,050 shares in the last quarter. BKD Wealth Advisors LLC raised its stake in shares of Caterpillar by 4.0% in the second quarter. BKD Wealth Advisors LLC now owns 24,030 shares of the industrial products company’s stock worth $2,583,000 after buying an additional 915 shares during the last quarter. First Command Bank raised its stake in shares of Caterpillar by 52.6% in the second quarter. First Command Bank now owns 5,810 shares of the industrial products company’s stock worth $623,000 after buying an additional 2,003 shares during the last quarter. DnB Asset Management AS raised its stake in shares of Caterpillar by 1.6% in the second quarter. DnB Asset Management AS now owns 75,097 shares of the industrial products company’s stock worth $8,070,000 after buying an additional 1,200 shares during the last quarter. Finally, Toth Financial Advisory Corp raised 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 last quarter. 69.22% of the stock is owned by institutional investors.
Shares of Caterpillar, Inc. (NYSE CAT) traded up 0.99% during trading on Friday, reaching $118.65. 1,458,065 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $112.95 and its 200 day moving average price is $103.15. The firm has a market capitalization of $70.12 billion, a PE ratio of 662.85 and a beta of 1.25. Caterpillar, Inc. has a 52 week low of $79.93 and a 52 week high of $118.83.
Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.23. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The company had revenue of $11.33 billion during the quarter, compared to analyst estimates of $10.96 billion. During the same quarter last year, the firm posted $1.09 EPS. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. Analysts predict that Caterpillar, Inc. will post $5.24 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Saturday, August 19th. Shareholders of record on Thursday, July 20th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.66%. This is a boost from Caterpillar’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend was Tuesday, July 18th. Caterpillar’s dividend payout ratio (DPR) is presently 2,080.00%.
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A number of equities research analysts have recently weighed in on CAT shares. Axiom Securities restated a “sell” rating on shares of Caterpillar in a report on Friday, May 5th. Vetr upgraded shares of Caterpillar from a “sell” rating to a “buy” rating and set a $107.75 price target on the stock in a research note on Monday, May 8th. Bank of America Corporation upgraded shares of Caterpillar from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $105.00 to $120.00 in a research note on Thursday, May 11th. BMO Capital Markets reiterated a “hold” rating and set a $110.00 price target on shares of Caterpillar in a research note on Wednesday, June 21st. Finally, Credit Suisse Group reiterated a “buy” rating and set a $123.00 price target on shares of Caterpillar in a research note on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $106.20.
In other Caterpillar news, insider Bradley M. Halverson sold 182,612 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $114.05, for a total value of $20,826,898.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William A. Osborn sold 5,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $113.67, for a total transaction 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 valued at $22,979,332. Corporate insiders own 0.15% of the company’s stock.
Caterpillar Company Profile
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