Sii Investments Inc. WI Lowers Position in Caterpillar, Inc. (CAT)
Sii Investments Inc. WI decreased its stake in shares of Caterpillar, Inc. (NYSE:CAT) by 15.3% during the first quarter, Holdings Channel reports. The firm owned 72,560 shares of the industrial products company’s stock after selling 13,128 shares during the period. Sii Investments Inc. WI’s holdings in Caterpillar were worth $6,724,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. TVR Capital Management LP acquired a new position in Caterpillar during the first quarter valued at $447,000. Two Sigma Securities LLC purchased a new position in shares of Caterpillar during the first quarter valued at approximately $2,045,000. MEMBERS Trust Co purchased a new position in shares of Caterpillar during the first quarter valued at approximately $3,015,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Caterpillar during the first quarter valued at approximately $1,102,000. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Caterpillar by 2.8% in the first quarter. Oppenheimer & Co. Inc. now owns 64,263 shares of the industrial products company’s stock valued at $5,961,000 after buying an additional 1,777 shares during the last quarter. Institutional investors own 70.53% of the company’s stock.
Shares of Caterpillar, Inc. (CAT) traded up 0.06% during midday trading on Friday, hitting $113.22. 758,952 shares of the stock traded hands. The firm’s 50 day moving average price is $109.51 and its 200 day moving average price is $101.06. Caterpillar, Inc. has a 12-month low of $79.93 and a 12-month high of $115.46. The company has a market capitalization of $66.91 billion, a PE ratio of 632.51 and a beta of 1.25.
Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.23. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The company had revenue of $11.33 billion for the quarter, compared to analysts’ expectations of $10.96 billion. During the same quarter in the prior year, the business posted $1.09 EPS. The business’s revenue was up 9.6% compared to the same quarter last year. Analysts expect that Caterpillar, Inc. will post $5.24 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, August 19th. Stockholders of record on Thursday, July 20th will be paid a dividend of $0.78 per share. The ex-dividend date is Tuesday, July 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.76%. This is a boost from Caterpillar’s previous quarterly dividend of $0.77. Caterpillar’s dividend payout ratio is currently 2,080.00%.
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Several research analysts have commented on the stock. Credit Suisse Group reiterated a “buy” rating and issued a $123.00 target price on shares of Caterpillar in a report on Thursday, June 22nd. Vetr cut shares of Caterpillar from a “sell” rating to a “strong sell” rating and set a $86.90 target price for the company. in a report on Tuesday, April 25th. Bank of America Corporation set a $120.00 target price on shares of Caterpillar and gave the stock a “buy” rating in a report on Tuesday, June 20th. Stifel Nicolaus reiterated a “hold” rating and issued a $125.00 target price on shares of Caterpillar in a report on Sunday, July 30th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $110.00 target price on shares of Caterpillar in a report on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $107.15.
In related news, Director William A. Osborn sold 5,000 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $113.67, for a total value of $568,350.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Suzette M. Long sold 13,859 shares of the stock in a transaction on Friday, August 4th. The shares were 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 in the company, valued at approximately $2,078,888.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 201,471 shares of company stock worth $22,979,332. Company insiders own 0.15% of the company’s stock.
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