Several different institutional buyers additionally just lately made adjustments to their positions in CAT. Moneta Group Investment Advisors LLC boosted its holdings in Caterpillar by 130,632.5% within the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,784,017 shares of the economic merchandise firm’s inventory valued at $2,343,859,000 after buying a further 9,776,533 shares over the past quarter. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Caterpillar by 98,763.3% within the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,679,209 shares of the economic merchandise firm’s inventory valued at $2,135,519,000 after buying a further 8,670,430 shares within the final quarter. Norges Bank bought a brand new stake in shares of Caterpillar in the course of the 4th quarter price about $1,175,255,000. Gateway Advisory LLC bought a brand new position in Caterpillar within the first quarter valued at roughly $4,004,000. Finally, Ontario Teachers Pension Plan Board acquired a brand new position in Caterpillar in the course of the first quarter valued at roughly $433,134,000. 69.20% of the inventory is owned by hedge funds and different institutional buyers.
Analyst Upgrades and Downgrades
CAT has been the topic of a number of recent analysis stories. Bank of America dropped their value goal on shares of Caterpillar from $323.00 to $297.00 in a analysis report on Wednesday. Robert W. Baird elevated their value goal on shares of Caterpillar from $183.00 to $234.00 and gave the corporate an “underperform” ranking in a analysis be aware on Wednesday, August 2nd. JPMorgan Chase & Co. boosted their goal value on shares of Caterpillar from $275.00 to $315.00 and gave the inventory an “obese” ranking in a analysis report on Wednesday, August 2nd. StockInformation.com initiated protection on shares of Caterpillar in a analysis report on Thursday, October fifth. They set a “purchase” ranking on the inventory. Finally, Credit Suisse Group boosted their value goal on Caterpillar from $279.00 to $334.00 and gave the corporate an “outperform” ranking in a report on Wednesday, August 2nd. Three analysts have rated the inventory with a promote ranking, six have given a maintain ranking and eight have assigned a purchase ranking to the inventory. According to MarketBeat.com, the inventory presently has a consensus ranking of “Hold” and a consensus value goal of $265.70.
Check Out Our Latest Stock Analysis on CAT
Insider Transactions at Caterpillar
In different information, insider Lange Bob De bought 20,000 shares of the corporate’s inventory in a transaction on Tuesday, August 1st. The inventory was bought at a median value of $275.00, for a complete transaction of $5,500,000.00. Following the completion of the sale, the insider now straight owns 53,671 shares of the corporate’s inventory, valued at $14,759,525. The sale was disclosed in a doc filed with the SEC, which is available on the SEC web site. In different information, insider Anthony D. Fassino bought 2,923 shares of the inventory in a transaction that occurred on Tuesday, August twenty ninth. The shares have been bought at a median value of $279.00, for a complete worth of $815,517.00. Following the completion of the sale, the insider now straight owns 16,182 shares of the corporate’s inventory, valued at $4,514,778. The transaction was disclosed in a authorized submitting with the Securities & Exchange Commission, which is available by the SEC web site. Also, insider Lange Bob De bought 20,000 shares of the business’s inventory in a transaction that occurred on Tuesday, August 1st. The shares have been bought at a median value of $275.00, for a complete transaction of $5,500,000.00. Following the transaction, the insider now straight owns 53,671 shares within the firm, valued at $14,759,525. The disclosure for this sale might be discovered right here. Insiders bought a complete of 54,918 shares of firm inventory valued at $15,299,870 within the final three months. 0.33% of the inventory is at the moment owned by company insiders.
Caterpillar Price Performance
Shares of CAT inventory traded down $1.67 throughout mid-day buying and selling on Friday, hitting $267.94. 1,918,648 shares of the inventory traded fingers, in comparison with its common quantity of two,978,894. Caterpillar Inc. has a twelve month low of $177.53 and a twelve month excessive of $293.88. The firm has a debt-to-equity ratio of 1.26, a fast ratio of 0.83 and a present ratio of 1.33. The firm’s 50-day easy shifting common is $276.39 and its 200-day easy shifting common is $248.10. The agency has a market cap of $136.68 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 1.14 and a beta of 1.13.
Caterpillar (NYSE:CAT – Get Free Report) final launched its earnings outcomes on Tuesday, August 1st. The industrial merchandise firm reported $5.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.57 by $0.98. Caterpillar had a return on fairness of 55.93% and a internet margin of 12.91%. The agency had income of $17.30 billion for the quarter, in comparison with analyst estimates of $16.46 billion. During the identical interval within the earlier 12 months, the corporate earned $3.18 earnings per share. Caterpillar’s income was up 21.4% in comparison with the identical quarter final 12 months. As a bunch, equities analysis analysts anticipate that Caterpillar Inc. will publish 19.87 earnings per share for the present 12 months.
Caterpillar Announces Dividend
The business additionally just lately declared a quarterly dividend, which will probably be paid on Monday, November twentieth. Shareholders of report on Monday, October twenty third will probably be issued a $1.30 dividend. The ex-dividend date is Friday, October twentieth. This represents a $5.20 annualized dividend and a dividend yield of 1.94%. Caterpillar’s dividend payout ratio is at the moment 32.36%.
Caterpillar Profile
(Free Report)
Caterpillar, Inc engages within the manufacture of development and mining gear, diesel and pure fuel engines, industrial fuel generators, and diesel-electric locomotives. It operates by the next segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.
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