Ausdal Financial Partners Inc. increased its position in Caterpillar, Inc. (NYSE:CAT) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,156 shares of the industrial products company’s stock after purchasing an additional 2,202 shares during the period. Caterpillar makes up 3.0% of Ausdal Financial Partners Inc.’s investment portfolio, making the stock its 2nd largest holding. Ausdal Financial Partners Inc.’s holdings in Caterpillar were worth $7,627,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of CAT. Beach Investment Management LLC. bought a new stake in shares of Caterpillar during the 2nd quarter valued at about $231,000. NGAM Advisors L.P. lifted its position in Caterpillar by 2.9% in the 2nd quarter. NGAM Advisors L.P. now owns 81,344 shares of the industrial products company’s stock worth $8,742,000 after buying an additional 2,286 shares during the last quarter. Bank of Nova Scotia lifted its position in Caterpillar by 527.0% in the 1st quarter. Bank of Nova Scotia now owns 196,294 shares of the industrial products company’s stock worth $18,208,000 after buying an additional 164,989 shares during the last quarter. Wealthsource Partners LLC bought a new stake in Caterpillar in the 2nd quarter worth approximately $316,000. Finally, Point72 Asset Management L.P. bought a new stake in Caterpillar in the 1st quarter worth approximately $46,917,000. Institutional investors own 68.61% of the company’s stock.
A number of analysts recently weighed in on the company. Vetr upgraded Caterpillar from a “strong sell” rating to a “buy” rating and set a $120.03 target price for the company in a research report on Thursday, August 10th. ValuEngine cut Caterpillar from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. UBS set a $155.00 target price on Caterpillar and gave the company a “buy” rating in a research note on Tuesday. Wells Fargo & Company set a $150.00 target price on Caterpillar and gave the company a “buy” rating in a research note on Monday, October 16th. They noted that the move was a valuation call. Finally, BidaskClub cut Caterpillar from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $136.28.
In other news, insider Bradley M. Halverson sold 2,600 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $137.67, for a total transaction of $357,942.00. Following the completion of the transaction, the insider now directly owns 5,214 shares of the company’s stock, valued at approximately $717,811.38. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lange Bob De sold 1,572 shares of Caterpillar stock in a transaction that occurred 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 completion of the sale, 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. In the last 90 days, insiders sold 52,989 shares of company stock valued at $7,235,850. 0.14% of the stock is owned by company insiders.
Shares of Caterpillar, Inc. (CAT) opened at $140.34 on Thursday. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 1.58. The company has a market capitalization of $83,374.00, a price-to-earnings ratio of 25.25, a P/E/G ratio of 2.12 and a beta of 1.29. Caterpillar, Inc. has a 1 year low of $90.34 and a 1 year high of $145.19.
Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.68. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The firm had revenue of $11.41 billion during the quarter, compared to analysts’ expectations of $10.69 billion. During the same quarter last year, the business posted $0.85 earnings per share. The firm’s revenue was up 24.6% on a year-over-year basis. equities analysts forecast that Caterpillar, Inc. will post 6.4 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, October 23rd were paid a $0.78 dividend. The ex-dividend date of this dividend was Friday, October 20th. This represents a $3.12 annualized dividend and a dividend yield of 2.22%. Caterpillar’s dividend payout ratio is presently 216.67%.
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Caterpillar Company Profile
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