Several different institutional traders additionally just lately made modifications to their positions in CAT. Moneta Group Investment Advisors LLC grew its stake in shares of Caterpillar by 130,632.5% through the 4th 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 shopping for an extra 9,776,533 shares through the interval. Norges Bank acquired a brand new position in shares of Caterpillar through the 4th quarter valued at $1,175,255,000. Ontario Teachers Pension Plan Board acquired a brand new position in shares of Caterpillar through the 1st quarter valued at $433,134,000. Imprint Wealth LLC lifted its holdings in shares of Caterpillar by 24,982.9% through the 2nd quarter. Imprint Wealth LLC now owns 1,538,084 shares of the commercial merchandise firm’s inventory valued at $153,808,000 after buying an extra 1,531,952 shares within the final quarter. Finally, Morgan Stanley lifted its holdings in shares of Caterpillar by 17.2% through the 4th quarter. Morgan Stanley now owns 6,608,165 shares of the commercial merchandise firm’s inventory valued at $1,583,053,000 after buying an extra 969,222 shares within the final quarter. 69.20% of the inventory is owned by hedge funds and different institutional traders.
Insiders Place Their Bets
In different Caterpillar information, insider Lange Bob De offered 21,194 shares of the corporate’s inventory in a transaction dated Wednesday, February seventh. The shares had been offered at a mean worth of $325.52, for a complete worth of $6,899,070.88. Following the completion of the transaction, the insider now owns 61,092 shares within the firm, valued at roughly $19,886,667.84. The transaction was disclosed in a authorized submitting with the SEC, which is available by the SEC web site. In different Caterpillar information, insider Lange Bob De offered 21,194 shares of the corporate’s inventory in a transaction dated Wednesday, February seventh. The shares had been offered at a mean worth of $325.52, for a complete worth of $6,899,070.88. Following the completion of the transaction, the insider now owns 61,092 shares within the firm, valued at roughly $19,886,667.84. The transaction was disclosed in a authorized submitting with the SEC, which is available by the SEC web site. Also, CFO Andrew R. J. Bonfield offered 10,000 shares of the corporate’s inventory in a transaction that occurred on Thursday, January twenty fifth. The inventory was offered at a mean worth of $300.04, for a complete transaction of $3,000,400.00. Following the completion of the sale, the chief monetary officer now straight owns 67,317 shares of the corporate’s inventory, valued at $20,197,792.68. The disclosure for this sale could be discovered right here. In the final 90 days, insiders offered 41,194 shares of firm inventory price $13,000,471. Insiders personal 0.33% of the corporate’s inventory.
Analyst Upgrades and Downgrades
Several equities analysts just lately weighed in on the inventory. Evercore ISI lowered shares of Caterpillar from an “outperform” score to an “in-line” score and lifted their goal worth for the corporate from $321.00 to $338.00 in a report on Tuesday, February twentieth. Robert W. Baird lifted their goal worth on shares of Caterpillar from $210.00 to $257.00 and gave the corporate an “underperform” score in a report on Tuesday, February sixth. StockInformation.com lowered shares of Caterpillar from a “strong-buy” score to a “purchase” score in a report on Tuesday, February twentieth. JPMorgan Chase & Co. boosted their worth goal on shares of Caterpillar from $345.00 to $385.00 and gave the inventory an “obese” score in a report on Tuesday, February sixth. Finally, Citigroup boosted their worth goal on shares of Caterpillar from $255.00 to $340.00 and gave the inventory a “impartial” score in a report on Monday, February twelfth. Two equities analysis analysts have rated the inventory with a promote score, 9 have given a maintain score and eight have issued a purchase score to the corporate’s inventory. According to knowledge from MarketBeat.com, Caterpillar presently has a mean score of “Hold” and a mean worth goal of $292.78.
View Our Latest Stock Report on CAT
Caterpillar Price Performance
Shares of NYSE:CAT opened at $323.88 on Friday. The firm has a fast ratio of 0.87, a present ratio of 1.35 and a debt-to-equity ratio of 1.25. Caterpillar Inc. has a fifty-two week low of $204.04 and a fifty-two week excessive of $334.87. The agency has a 50-day easy shifting common of $301.16 and a 200 day easy shifting common of $276.78. The firm has a market cap of $164.89 billion, a PE ratio of 16.08, a P/E/G ratio of 1.55 and a beta of 1.15.
Caterpillar (NYSE:CAT – Get Free Report) final introduced its quarterly earnings knowledge on Monday, February fifth. The industrial merchandise firm reported $5.23 earnings per share for the quarter, beating analysts’ consensus estimates of $4.76 by $0.47. Caterpillar had a internet margin of 15.41% and a return on fairness of 56.99%. The business had income of $17.07 billion through the quarter, in comparison with the consensus estimate of $17.06 billion. During the identical quarter within the prior 12 months, the agency earned $3.86 EPS. The firm’s income for the quarter was up 2.8% in comparison with the identical quarter final 12 months. On common, sell-side analysts anticipate that Caterpillar Inc. will submit 21.24 EPS for the present 12 months.
Caterpillar Dividend Announcement
The firm additionally just lately introduced a quarterly dividend, which was paid on Tuesday, February twentieth. Shareholders of document on Monday, January twenty second got a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 1.61%. The ex-dividend date was Friday, January nineteenth. Caterpillar’s dividend payout ratio (DPR) is 25.82%.
Caterpillar Company 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 phase provides asphalt pavers, compactors, street reclaimers, forestry machines, chilly planers, materials handlers, tractors, excavators, telehandlers, motor graders, and pipelayers; compact monitor and multi-terrain, wheel, track-type, backhoe, and skid steer loaders; and associated components and instruments.
Further Reading
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).
This prompt information alert was generated by narrative science know-how and monetary knowledge from MarketBeat with a view to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to [email protected].
Before you contemplate Caterpillar, you may wish to hear this.
MarketBeat retains monitor of Wall Street’s top-rated and greatest performing analysis analysts and the shares they advocate to their purchasers every day. MarketBeat has recognized the 5 shares that prime analysts are quietly whispering to their purchasers to purchase now earlier than the broader market catches on… and Caterpillar wasn’t on the listing.
While Caterpillar presently has a “Hold” score amongst analysts, top-rated analysts imagine these 5 shares are higher buys.
View The Five Stocks Here
Looking to generate revenue along with your inventory portfolio? Use these ten shares to generate a protected and dependable supply of funding revenue.
Get This Free Report
