Community Trust & Investment Co. Maintains Stake in Caterpillar, Inc. (CAT)
Community Trust & Investment Co. held its position in Caterpillar, Inc. (NYSE:CAT) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,100 shares of the industrial products company’s stock at the end of the first quarter. Community Trust & Investment Co.’s holdings in Caterpillar were worth $751,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Howe & Rusling Inc. raised 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 period. Harbour Capital Advisors LLC acquired a new position in Caterpillar during the first quarter worth $107,000. First Personal Financial Services raised its position in 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 during the period. Harfst & Associates Inc. acquired a new position in Caterpillar during the first quarter worth $111,000. Finally, Financial Architects Inc raised its position in 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 during the period. 70.27% of the stock is currently owned by institutional investors and hedge funds.
Shares of Caterpillar, Inc. (CAT) traded down 0.23% during midday trading on Tuesday, reaching $113.45. 492,815 shares of the company were exchanged. The stock’s 50-day moving average price is $110.04 and its 200-day moving average price is $101.37. Caterpillar, Inc. has a 52-week low of $79.93 and a 52-week high of $115.46. The company has a market capitalization of $67.05 billion, a PE ratio of 633.80 and a beta of 1.25.
Caterpillar (NYSE:CAT) last issued 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. The firm had revenue of $11.33 billion for the quarter, compared to the consensus estimate of $10.96 billion. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. Caterpillar’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the firm posted $1.09 EPS. Analysts anticipate that Caterpillar, Inc. will post $5.24 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, August 19th. Investors of record on Thursday, July 20th will be given a $0.78 dividend. The ex-dividend date is Tuesday, July 18th. This is an increase from Caterpillar’s previous quarterly dividend of $0.77. This represents a $3.12 annualized dividend and a yield of 2.74%. Caterpillar’s dividend payout ratio (DPR) is currently 2,080.00%.
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A number of research firms have weighed in on CAT. UBS AG reissued a “neutral” rating and issued a $102.00 target price (up from $98.00) on shares of Caterpillar in a research note on Friday, April 28th. Atlantic Securities upgraded shares of Caterpillar from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $85.00 to $115.00 in a report on Thursday, August 3rd. Vetr upgraded shares of Caterpillar from a “strong sell” rating to a “buy” rating and set a $120.03 price target for the company in a report on Thursday, August 10th. Argus restated a “buy” rating and set a $113.10 price target (down previously from $130.00) on shares of Caterpillar in a report on Wednesday, August 2nd. Finally, Axiom Securities restated a “sell” rating on shares of Caterpillar in a report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Caterpillar has an average rating of “Hold” and an average price target of $107.15.
In other Caterpillar news, insider Suzette M. Long sold 13,859 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $114.30, for a total transaction of $1,584,083.70. Following the transaction, the insider now owns 18,188 shares of the company’s stock, valued at approximately $2,078,888.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William A. Osborn sold 5,000 shares of the firm’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 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 currently owned by insiders.
Caterpillar Company Profile
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