Capital Investment Advisors LLC decreased its stake in Caterpillar Inc. (NYSE:CAT – Free Report) by 41.7% through the third quarter, in response to the corporate in its most recent disclosure with the SEC. The agency owned 39,066 shares of the commercial merchandise firm’s inventory after promoting 27,945 shares through the interval. Capital Investment Advisors LLC’s holdings in Caterpillar have been price $10,665,000 as of its most recent submitting with the SEC.
Several different hedge funds and different institutional traders additionally not too long ago modified their holdings of the business. Moneta Group Investment Advisors LLC raised its position in shares of Caterpillar by 130,632.5% within the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,784,017 shares of the commercial merchandise firm’s inventory valued at $2,343,859,000 after buying a further 9,776,533 shares through the interval. Geode Capital Management LLC raised its position in shares of Caterpillar by 1.7% within the second quarter. Geode Capital Management LLC now owns 9,532,245 shares of the commercial merchandise firm’s inventory valued at $2,339,234,000 after buying a further 156,608 shares through the interval. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Caterpillar by 98,763.3% within the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,679,209 shares of the commercial merchandise firm’s inventory valued at $2,135,519,000 after buying a further 8,670,430 shares through the interval. Fisher Asset Management LLC grew its stake in Caterpillar by 2.7% through the second quarter. Fisher Asset Management LLC now owns 7,725,757 shares of the commercial merchandise firm’s inventory valued at $1,900,922,000 after buying a further 202,888 shares within the final quarter. Finally, Morgan Stanley grew its stake in Caterpillar by 17.2% through the fourth quarter. Morgan Stanley now owns 6,608,165 shares of the commercial merchandise firm’s inventory valued at $1,583,053,000 after buying a further 969,222 shares within the final quarter. Institutional traders personal 69.20% of the corporate’s inventory.
Wall Street Analysts Forecast Growth
CAT has been the topic of a number of recent analyst stories. The Goldman Sachs Group decreased their value goal on shares of Caterpillar from $315.00 to $274.00 and set a “purchase” ranking for the corporate in a analysis word on Wednesday, November 1st. Sanford C. Bernstein boosted their value goal on shares of Caterpillar from $216.00 to $245.00 and gave the inventory a “market carry out” ranking in a analysis word on Thursday. JPMorgan Chase & Co. boosted their value goal on shares of Caterpillar from $315.00 to $320.00 and gave the inventory an “chubby” ranking in a analysis word on Monday, October sixteenth. StockInformation.com minimize shares of Caterpillar from a “strong-buy” ranking to a “purchase” ranking in a analysis word on Monday, November twentieth. Finally, Stifel Nicolaus boosted their value goal on shares of Caterpillar from $285.00 to $293.00 and gave the inventory a “purchase” ranking in a analysis word on Tuesday, December nineteenth. Two funding analysts have rated the inventory with a promote ranking, eight have issued a maintain ranking and eight have issued a purchase ranking to the inventory. According to MarketBeat.com, the inventory has a mean ranking of “Hold” and a consensus value goal of $269.78.
Get Our Latest Stock Report on Caterpillar
Caterpillar Stock Up 0.1 %
Shares of NYSE CAT opened at $290.36 on Friday. The firm has a present ratio of 1.45, a fast ratio of 0.92 and a debt-to-equity ratio of 1.18. Caterpillar Inc. has a 12 month low of $204.04 and a 12 month excessive of $298.27. The agency has a market capitalization of $147.82 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 1.06 and a beta of 1.09. The agency has a fifty day easy transferring common of $254.31 and a two-hundred day easy transferring common of $261.27.
Caterpillar (NYSE:CAT – Get Free Report) final launched its earnings outcomes on Tuesday, October thirty first. The industrial merchandise firm reported $5.52 earnings per share for the quarter, topping analysts’ consensus estimates of $4.75 by $0.77. The agency had income of $16.81 billion for the quarter, in comparison with the consensus estimate of $16.57 billion. Caterpillar had a web margin of 13.69% and a return on fairness of 56.29%. The firm’s income was up 12.1% in comparison with the identical quarter final yr. During the identical interval within the prior yr, the agency earned $3.95 EPS. Equities analysts count on that Caterpillar Inc. will submit 20.58 earnings per share for the present yr.
Caterpillar Dividend Announcement
The agency additionally not too long ago introduced a quarterly dividend, which will likely be paid on Tuesday, February twentieth. Stockholders of document on Monday, January twenty second will likely be given a $1.30 dividend. This represents a $5.20 dividend on an annualized foundation and a dividend yield of 1.79%. The ex-dividend date is Friday, January nineteenth. Caterpillar’s dividend payout ratio is presently 29.46%.
Caterpillar Profile
(Free Report)
Caterpillar Inc manufactures and sells building and mining gear, off-highway diesel and pure gasoline engines, industrial gasoline generators, and diesel-electric locomotives within the United States and internationally. Its Construction Industries section presents asphalt pavers, compactors, street reclaimers, forestry machines, chilly planers, materials handlers, tractors, excavators, telehandlers, motor graders, and pipelayers; compact observe and multi-terrain, wheel, track-type, backhoe, and skid steer loaders; and associated elements and instruments.
Read More
Want to see what different hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT – Free Report).
NYSE: CAT” width=”650″ top=”350″ loading=”lazy”>
This prompt information alert was generated by narrative science know-how and monetary information from MarketBeat with a purpose to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to [email protected].
Before you think about Caterpillar, you will wish to hear this.
MarketBeat retains observe of Wall Street’s top-rated and greatest performing analysis analysts and the shares they suggest to their purchasers every day. MarketBeat has recognized the 5 shares that high analysts are quietly whispering to their purchasers to purchase now earlier than the broader market catches on… and Caterpillar wasn’t on the checklist.
While Caterpillar at the moment has a “Hold” ranking amongst analysts, top-rated analysts consider these 5 shares are higher buys.
View The Five Stocks Here
Click the hyperlink under and we’ll ship you MarketBeat’s information to investing in electrical car applied sciences (EV) and which EV shares present essentially the most promise.
Get This Free Report
