WINTON GROUP Ltd purchased a new stake in Caterpillar, Inc. (NYSE:CAT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,652 shares of the industrial products company’s stock, valued at approximately $715,000.
Other hedge funds have also recently bought and sold shares of the company. Beach Investment Management LLC. acquired a new position in shares of Caterpillar during the 2nd quarter worth about $231,000. NGAM Advisors L.P. raised its position in shares of Caterpillar by 2.9% during the 2nd quarter. NGAM Advisors L.P. now owns 81,344 shares of the industrial products company’s stock worth $8,742,000 after purchasing an additional 2,286 shares during the last quarter. Bank of Nova Scotia raised its position in shares of Caterpillar by 527.0% during the 1st quarter. Bank of Nova Scotia now owns 196,294 shares of the industrial products company’s stock worth $18,208,000 after purchasing an additional 164,989 shares during the last quarter. Bancorpsouth Inc. raised its position in shares of Caterpillar by 1.2% during the 1st quarter. Bancorpsouth Inc. now owns 5,787 shares of the industrial products company’s stock worth $537,000 after purchasing an additional 69 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Caterpillar during the 1st quarter worth about $46,917,000. 69.38% of the stock is currently owned by institutional investors and hedge funds.
Shares of Caterpillar, Inc. (NYSE:CAT) opened at $136.48 on Monday. The stock has a market cap of $81,196.54, a price-to-earnings ratio of 24.59, a PEG ratio of 2.07 and a beta of 1.29. Caterpillar, Inc. has a 1 year low of $90.34 and a 1 year high of $140.44. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.04 and a current ratio of 1.44.
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, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.68. The business had revenue of $11.41 billion during the quarter, compared to analysts’ expectations of $10.69 billion. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 EPS. research analysts anticipate that Caterpillar, Inc. will post 6.4 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, October 23rd will be given a dividend of $0.78 per share. The ex-dividend date is Friday, October 20th. This represents a $3.12 annualized dividend and a dividend yield of 2.29%. Caterpillar’s dividend payout ratio (DPR) is currently 216.67%.
A number of analysts have commented on CAT shares. Vetr downgraded shares of Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 price objective for the company. in a report on Monday, September 11th. Jefferies Group LLC reiterated a “hold” rating and issued a $100.00 price objective on shares of Caterpillar in a report on Tuesday, August 29th. Royal Bank Of Canada reiterated a “hold” rating on shares of Caterpillar in a report on Tuesday, August 29th. UBS AG upgraded shares of Caterpillar from a “neutral” rating to a “buy” rating and increased their price objective for the company from $116.00 to $140.00 in a report on Monday, September 18th. Finally, BMO Capital Markets increased their price objective on shares of Caterpillar from $130.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, September 14th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. Caterpillar has a consensus rating of “Hold” and a consensus price target of $133.92.
In related news, Director Daniel M. Dickinson sold 3,813 shares of Caterpillar stock in a transaction on Monday, October 30th. The shares were sold at an average price of $137.09, for a total transaction of $522,724.17. Following the sale, the director now directly owns 6,554 shares in the company, valued at approximately $898,487.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lange Bob De sold 1,572 shares of Caterpillar stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $137.58, for a total transaction of $216,275.76. Following the sale, the insider now owns 11,096 shares in the company, valued at $1,526,587.68. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.
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