Southeast Asset Advisors Inc. Grows Position in Caterpillar, Inc. (CAT)
Southeast Asset Advisors Inc. increased its position in shares of Caterpillar, Inc. (NYSE:CAT) by 0.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,279 shares of the industrial products company’s stock after purchasing an additional 12 shares during the period. Southeast Asset Advisors Inc.’s holdings in Caterpillar were worth $460,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in CAT. Baker Ellis Asset Management LLC acquired a new stake in Caterpillar during the 2nd quarter worth approximately $104,000. Motco lifted its holdings in Caterpillar by 264.9% during 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 during the 1st quarter worth approximately $107,000. Acrospire Investment Management LLC lifted its holdings in Caterpillar by 900.0% during 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. Finally, Harfst & Associates Inc. acquired a new stake in Caterpillar during the 1st quarter worth approximately $111,000. 69.41% of the stock is owned by institutional investors and hedge funds.
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In other Caterpillar news, Director Daniel M. Dickinson sold 3,813 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $137.09, for a total value of $522,724.17. Following the sale, the director now owns 6,554 shares in the company, valued at approximately $898,487.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lange Bob De sold 1,572 shares of the company’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 sale, the insider now owns 11,096 shares in the company, valued at approximately $1,526,587.68. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.
Shares of Caterpillar, Inc. (NYSE:CAT) opened at $136.63 on Monday. Caterpillar, Inc. has a 52-week low of $80.59 and a 52-week high of $140.44. The company has a market capitalization of $81,285.79, a PE ratio of 24.62, a price-to-earnings-growth ratio of 2.07 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 results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.68. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The firm had revenue of $11.41 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The business’s revenue was up 24.6% on a year-over-year basis. equities research analysts expect that Caterpillar, Inc. will post 6.4 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 23rd will be given a $0.78 dividend. The ex-dividend date of this dividend is Friday, October 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.28%. Caterpillar’s dividend payout ratio (DPR) is presently 216.67%.
Several analysts recently weighed in on CAT shares. TheStreet raised Caterpillar from a “c+” rating to a “b” rating in a report on Tuesday, July 25th. Bank of America Corporation reaffirmed a “buy” rating and issued a $135.00 price objective (up from $120.00) on shares of Caterpillar in a report on Thursday, July 27th. Credit Suisse Group set a $123.00 price objective on Caterpillar and gave the company a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research raised Caterpillar from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a report on Friday, July 14th. Finally, Tigress Financial raised Caterpillar from a “neutral” rating to a “buy” rating in a report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $133.70.
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