Ibex Wealth Advisors Acquires 187 Shares of Caterpillar, Inc. (CAT)
Ibex Wealth Advisors raised its stake in shares of Caterpillar, Inc. (NYSE:CAT) by 9.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,242 shares of the industrial products company’s stock after buying an additional 187 shares during the period. Ibex Wealth Advisors’ holdings in Caterpillar were worth $211,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of CAT. Vanguard Group Inc. increased its position in shares of Caterpillar by 3.6% in the first quarter. Vanguard Group Inc. now owns 38,847,552 shares of the industrial products company’s stock worth $3,603,500,000 after buying an additional 1,342,984 shares during the last quarter. FMR LLC increased its position in shares of Caterpillar by 11.4% in the first quarter. FMR LLC now owns 17,561,361 shares of the industrial products company’s stock worth $1,628,992,000 after buying an additional 1,798,312 shares during the last quarter. Morgan Stanley increased its position in shares of Caterpillar by 15.1% in the first quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock worth $964,579,000 after buying an additional 1,365,856 shares during the last quarter. Primecap Management Co. CA increased its position in shares of Caterpillar by 16.9% in the first quarter. Primecap Management Co. CA now owns 7,259,063 shares of the industrial products company’s stock worth $673,351,000 after buying an additional 1,047,922 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Caterpillar by 8.1% in the first quarter. Geode Capital Management LLC now owns 5,575,420 shares of the industrial products company’s stock worth $516,423,000 after buying an additional 419,191 shares during the last quarter. Institutional investors and hedge funds own 70.27% of the company’s stock.
Caterpillar, Inc. (CAT) traded down 0.040% during trading on Tuesday, hitting $113.665. 560,025 shares of the company traded hands. The company’s 50-day moving average is $110.04 and its 200 day moving average is $101.37. The firm has a market cap of $67.17 billion, a price-to-earnings ratio of 635.000 and a beta of 1.25. Caterpillar, Inc. has a 52-week low of $79.93 and a 52-week high of $115.46.
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 analysts’ consensus estimates of $1.26 by $0.23. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The firm had revenue of $11.33 billion for the quarter, compared to analyst estimates of $10.96 billion. During the same period last year, the firm posted $1.09 EPS. Caterpillar’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities analysts anticipate that Caterpillar, Inc. will post $5.24 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, August 19th. Shareholders of record on Thursday, July 20th will be issued a $0.78 dividend. The ex-dividend date is Tuesday, July 18th. This represents a $3.12 dividend on an annualized basis and a yield of 2.74%. This is an increase from Caterpillar’s previous quarterly dividend of $0.77. Caterpillar’s dividend payout ratio (DPR) is 2,080.00%.
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A number of research analysts have recently issued reports on CAT shares. Bank of America Corporation raised shares of Caterpillar from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $105.00 to $120.00 in a research report on Thursday, May 11th. Stifel Nicolaus cut their price objective on shares of Caterpillar from $111.00 to $95.00 and set a “hold” rating on the stock in a research report on Wednesday, April 26th. Axiom Securities reaffirmed a “sell” rating on shares of Caterpillar in a research report on Friday, June 16th. Vetr downgraded shares of Caterpillar from a “sell” rating to a “strong sell” rating and set a $86.90 price objective on the stock. in a research report on Tuesday, April 25th. Finally, Zacks Investment Research downgraded shares of Caterpillar from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus 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 on Friday, August 4th. The stock was sold at an average price of $114.30, for a total value of $1,584,083.70. Following the completion of the sale, the insider now owns 18,188 shares of the company’s stock, valued at $2,078,888.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Bradley M. Halverson sold 182,612 shares of the firm’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $114.05, for a total value of $20,826,898.60. The disclosure for this sale can be found here. In the last three months, insiders sold 201,471 shares of company stock valued at $22,979,332. 0.15% of the stock is owned by corporate insiders.
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