Segment Wealth Management LLC boosted its stake in shares of Caterpillar, Inc. (NYSE:CAT) by 19.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,284 shares of the industrial products company’s stock after acquiring an additional 2,003 shares during the period. Segment Wealth Management LLC’s holdings in Caterpillar were worth $1,532,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Quadrant Capital Group LLC grew its stake in shares of Caterpillar by 10.6% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock worth $102,000 after buying an additional 128 shares in the last quarter. Baker Ellis Asset Management LLC purchased a new position in shares of Caterpillar in the 2nd quarter worth $104,000. Motco boosted its stake in shares of Caterpillar by 264.9% during the 2nd quarter. Motco now owns 989 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 718 shares during the period. Harbour Capital Advisors LLC purchased a new position in shares of Caterpillar during the 1st quarter worth about $107,000. Finally, Acrospire Investment Management LLC boosted its stake in shares of Caterpillar by 900.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 900 shares during the period. 68.61% of the stock is owned by institutional investors and hedge funds.
Caterpillar, Inc. (NYSE:CAT) traded up $2.55 during trading hours on Thursday, hitting $142.89. 2,967,892 shares of the stock traded hands, compared to its average volume of 4,379,366. Caterpillar, Inc. has a twelve month low of $90.34 and a twelve month high of $145.19. 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 company has a market cap of $84,750.00, a price-to-earnings ratio of 25.25, a P/E/G ratio of 2.12 and a beta of 1.29.
Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, beating the consensus estimate of $1.27 by $0.68. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The business had revenue of $11.41 billion during the quarter, compared to analyst estimates of $10.69 billion. During the same quarter in the previous year, the business posted $0.85 EPS. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. sell-side analysts expect that Caterpillar, Inc. will post 6.4 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, October 23rd were issued a $0.78 dividend. The ex-dividend date was Friday, October 20th. This represents a $3.12 annualized dividend and a dividend yield of 2.18%. Caterpillar’s dividend payout ratio is currently 216.67%.
In other news, insider Lange Bob De sold 1,572 shares of Caterpillar stock in a transaction that occurred 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 owns 11,096 shares of the company’s stock, valued at approximately $1,526,587.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Thomas A. Pellette sold 24,547 shares of Caterpillar stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $135.69, for a total transaction of $3,330,782.43. 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. Company insiders own 0.14% of the company’s stock.
A number of equities analysts recently commented on the stock. UBS set a $155.00 price target on shares of Caterpillar and gave the stock a “buy” rating in a research note on Tuesday. Vetr raised shares of Caterpillar from a “sell” rating to a “hold” rating and set a $135.41 price target for the company in a research note on Monday, November 13th. Tigress Financial reaffirmed a “buy” rating on shares of Caterpillar in a research note on Monday, October 30th. BMO Capital Markets lifted their price target on shares of Caterpillar from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, October 26th. Finally, Argus lifted their price target on shares of Caterpillar from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $136.28.
Receive News & Ratings for Caterpillar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar Inc. and related companies with MarketBeat.com's FREE daily email newsletter.