Savant Capital LLC Has $1.15 Million Holdings in Caterpillar, Inc. (CAT)
Savant Capital LLC reduced its stake in shares of Caterpillar, Inc. (NYSE:CAT) by 3.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 9,219 shares of the industrial products company’s stock after selling 367 shares during the period. Savant Capital LLC’s holdings in Caterpillar were worth $1,150,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of CAT. Quadrant Capital Group LLC raised its position 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 worth $102,000 after purchasing an additional 128 shares during the period. Baker Ellis Asset Management LLC purchased a new position in Caterpillar in the 2nd quarter worth $104,000. Motco raised 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 period. Harbour Capital Advisors LLC purchased a new position in Caterpillar in the 1st quarter worth $107,000. Finally, Acrospire Investment Management LLC raised 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 period. 69.19% of the stock is owned by institutional investors.
In related 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 transaction of $216,275.76. Following the transaction, the insider now owns 11,096 shares in the company, valued at $1,526,587.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Bradley M. Halverson sold 17,210 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $137.33, for a total transaction of $2,363,449.30. Following the transaction, the chief financial officer now owns 7,814 shares in the company, valued at approximately $1,073,096.62. The disclosure for this sale can be found here. Insiders have sold 47,142 shares of company stock worth $6,433,232 in the last quarter. 0.14% of the stock is owned by corporate insiders.
Caterpillar, Inc. (NYSE:CAT) opened at $137.39 on Monday. Caterpillar, Inc. has a 52-week low of $90.34 and a 52-week high of $140.44. The stock has a market cap of $81,737.98, a PE ratio of 24.75, a price-to-earnings-growth ratio of 2.08 and a beta of 1.29. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.44 and a quick ratio of 1.04.
Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $10.69 billion. During the same quarter in the previous year, the company earned $0.85 earnings per share. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. equities research analysts expect that Caterpillar, Inc. will post 6.4 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, October 23rd were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Friday, October 20th. Caterpillar’s dividend payout ratio is currently 216.67%.
A number of brokerages recently commented on CAT. Vetr upgraded shares of Caterpillar from a “strong sell” rating to a “buy” rating and set a $120.03 target price on the stock in a research report on Thursday, August 10th. Tigress Financial reiterated a “buy” rating on shares of Caterpillar in a research report on Monday, September 18th. Argus reiterated a “buy” rating and issued a $113.10 target price (down previously from $130.00) on shares of Caterpillar in a research report on Wednesday, August 2nd. BidaskClub upgraded shares of Caterpillar from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Finally, Deutsche Bank AG set a $149.00 target price on shares of Caterpillar and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have given a buy rating to the stock. Caterpillar currently has a consensus rating of “Hold” and an average target price of $133.92.
Caterpillar Company Profile
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