Lee Danner & Bass Inc. Sells 706 Shares of Caterpillar, Inc. (CAT)
Lee Danner & Bass Inc. lowered its holdings in shares of Caterpillar, Inc. (NYSE:CAT) by 1.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,843 shares of the industrial products company’s stock after selling 706 shares during the quarter. Lee Danner & Bass Inc.’s holdings in Caterpillar were worth $7,214,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its stake in Caterpillar by 10.6% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock valued at $102,000 after buying an additional 128 shares during the last quarter. Baker Ellis Asset Management LLC acquired a new stake in Caterpillar in the 2nd quarter worth $104,000. Motco grew its position in Caterpillar by 264.9% in the 2nd quarter. Motco now owns 989 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 718 shares during the last quarter. Harbour Capital Advisors LLC acquired a new stake in Caterpillar in the 1st quarter worth $107,000. Finally, Acrospire Investment Management LLC grew its position in Caterpillar by 900.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 900 shares during the last quarter. Institutional investors and hedge funds own 69.19% of the company’s stock.
Several analysts have issued reports on the stock. BMO Capital Markets raised their price target on shares of Caterpillar from $130.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, September 14th. Vetr upgraded shares of Caterpillar from a “sell” rating to a “hold” rating and set a $131.05 price target on the stock in a research report on Thursday, October 19th. Zacks Investment Research lowered shares of Caterpillar from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Stifel Nicolaus restated a “hold” rating and issued a $125.00 price target on shares of Caterpillar in a research report on Sunday, July 30th. Finally, Argus raised their price target on shares of Caterpillar from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $133.92.
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In other Caterpillar news, insider Lange Bob De sold 1,572 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $137.58, for a total value of $216,275.76. Following the completion of the transaction, the insider now directly owns 11,096 shares of the company’s stock, valued at $1,526,587.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Daniel M. Dickinson sold 3,813 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $137.09, for a total transaction of $522,724.17. Following the completion of the transaction, the director now directly owns 6,554 shares of the company’s stock, valued at $898,487.86. The disclosure for this sale can be found here. Insiders have sold a total of 29,932 shares of company stock valued at $4,069,782 over the last three months. 0.14% of the stock is currently owned by insiders.
Caterpillar, Inc. (NYSE CAT) opened at $138.01 on Friday. Caterpillar, Inc. has a 1-year low of $90.34 and a 1-year high of $140.44. The stock has a market cap of $82,106.79, a PE ratio of 24.87, a P/E/G ratio of 2.09 and a beta of 1.29. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 1.58.
Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.68. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The firm had revenue of $11.41 billion during the quarter, compared to the consensus estimate of $10.69 billion. During the same period last year, the firm posted $0.85 EPS. The firm’s quarterly revenue was up 24.6% on a year-over-year basis. equities analysts predict that Caterpillar, Inc. will post 6.4 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, October 23rd were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.26%. The ex-dividend date was Friday, October 20th. Caterpillar’s dividend payout ratio is currently 216.67%.
Caterpillar Company Profile
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