Americafirst Capital Management LLC Cuts Position in Caterpillar, Inc. (CAT)

Americafirst Capital Management LLC trimmed its position in Caterpillar, Inc. (NYSE:CAT) by 17.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,808 shares of the industrial products company’s stock after selling 381 shares during the period. Americafirst Capital Management LLC’s holdings in Caterpillar were worth $194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its position in shares of 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 acquiring an additional 128 shares during the period. Baker Ellis Asset Management LLC acquired a new position in shares of Caterpillar in the 2nd quarter valued at $104,000. Motco boosted its holdings in Caterpillar by 264.9% in the second quarter. Motco now owns 989 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 718 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in Caterpillar in the first quarter valued at $107,000. Finally, Acrospire Investment Management LLC boosted its holdings in Caterpillar by 900.0% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 900 shares during the last quarter. 69.41% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Caterpillar, Inc. (NYSE:CAT) opened at $136.48 on Friday. The company has a market cap of $81,196.59, a PE ratio of 24.59, a price-to-earnings-growth ratio of 2.07 and a beta of 1.29. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 1.58. Caterpillar, Inc. has a 1-year low of $90.34 and a 1-year high of $140.44.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.68. The company had revenue of $11.41 billion during the quarter, compared to the consensus estimate of $10.69 billion. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. Caterpillar’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 EPS. equities research analysts expect that Caterpillar, Inc. will post 6.4 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 23rd will be issued 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 yield of 2.29%. Caterpillar’s payout ratio is 216.67%.

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In other news, insider Lange Bob De sold 1,572 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $137.58, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel M. Dickinson sold 3,813 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $137.09, for a total transaction of $522,724.17. Following the sale, the director now owns 6,554 shares of the company’s stock, valued at approximately $898,487.86. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

Several equities research analysts have commented on the stock. UBS AG set a $155.00 price target on shares of Caterpillar and gave the company a “buy” rating in a report on Wednesday, October 25th. Stifel Nicolaus upped their price target on shares of Caterpillar from $125.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, October 25th. Royal Bank Of Canada upped their price target on shares of Caterpillar from $120.00 to $143.00 and gave the company a “sector perform” rating in a report on Wednesday, October 25th. Robert W. Baird upped their price target on shares of Caterpillar from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Finally, Bank of America Corporation set a $152.00 price target on shares of Caterpillar and gave the company a “buy” rating in a report on Wednesday, October 25th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $133.76.

Caterpillar Company Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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