WFG Advisors LP grew its holdings in Caterpillar, Inc. (NYSE:CAT) by 0.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,538 shares of the industrial products company’s stock after purchasing an additional 33 shares during the period. WFG Advisors LP’s holdings in Caterpillar were worth $917,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of CAT. Vanguard Group Inc. grew its position in Caterpillar by 6.1% during the 2nd quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock worth $4,430,058,000 after acquiring an additional 2,377,623 shares during the last quarter. FMR LLC grew its position in Caterpillar by 11.7% during the 2nd quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock worth $2,107,684,000 after acquiring an additional 2,052,300 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Caterpillar during the 1st quarter worth $143,490,000. Morgan Stanley grew its position in Caterpillar by 15.1% during the 1st quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock worth $964,579,000 after acquiring an additional 1,365,856 shares during the last quarter. Finally, Balyasny Asset Management LLC grew its position in Caterpillar by 663.8% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,032,853 shares of the industrial products company’s stock worth $110,990,000 after acquiring an additional 1,216,053 shares during the last quarter. Institutional investors own 69.38% of the company’s stock.
Caterpillar, Inc. (NYSE CAT) opened at $136.53 on Tuesday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.04 and a current ratio of 1.44. The firm has a market capitalization of $81,230.00, a P/E ratio of 24.59, a P/E/G ratio of 2.07 and a beta of 1.29. Caterpillar, Inc. has a 52 week low of $90.34 and a 52 week high of $140.44.
Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.68. The firm had revenue of $11.41 billion during the quarter, compared to analyst estimates of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. 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 posted $0.85 EPS. analysts anticipate that Caterpillar, Inc. will post 6.4 earnings per share for the current year.
The business 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 dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Friday, October 20th. Caterpillar’s dividend payout ratio is currently 216.67%.
A number of brokerages recently weighed in on CAT. Atlantic Securities upgraded Caterpillar from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $85.00 to $115.00 in a research report on Thursday, August 3rd. Vetr upgraded Caterpillar from a “sell” rating to a “hold” rating and set a $135.41 price objective on the stock in a research report on Monday. Argus restated a “buy” rating and set a $113.10 price objective (down previously from $130.00) on shares of Caterpillar in a research report on Wednesday, August 2nd. Jefferies Group LLC restated a “hold” rating and set a $120.00 price objective (up previously from $100.00) on shares of Caterpillar in a research report on Wednesday, July 26th. Finally, ValuEngine lowered Caterpillar from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the company. Caterpillar presently has a consensus rating of “Hold” and an average target price of $133.92.
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In other Caterpillar news, Director Daniel M. Dickinson sold 3,813 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 6,554 shares of the company’s stock, valued at $898,487.86. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Lange Bob De sold 1,572 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $137.58, for a total value of $216,275.76. Following the transaction, the insider now directly owns 11,096 shares of the company’s stock, valued at $1,526,587.68. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.
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