AMP Capital Investors Ltd grew its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 5.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 239,851 shares of the industrial products company’s stock after acquiring an additional 11,500 shares during the quarter. AMP Capital Investors Ltd’s holdings in Caterpillar were worth $29,912,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Baker Ellis Asset Management LLC bought a new position in shares of Caterpillar in the second quarter worth approximately $104,000. Motco boosted its holdings in Caterpillar by 264.9% in the second quarter. Motco now owns 989 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 718 shares in the last quarter. Acrospire Investment Management LLC boosted its holdings in Caterpillar by 900.0% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 900 shares in the last quarter. Harbour Capital Advisors LLC bought a new stake in Caterpillar in the first quarter valued at $107,000. Finally, Chicago Partners Investment Group LLC boosted its holdings in Caterpillar by 75.6% in the second quarter. Chicago Partners Investment Group LLC now owns 1,152 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 496 shares in the last quarter. 68.54% of the stock is currently owned by hedge funds and other institutional investors.
In other Caterpillar news, insider Lange Bob De sold 1,572 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bradley M. Halverson sold 17,210 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $137.33, for a total value of $2,363,449.30. Following the completion of the transaction, the chief financial officer now directly owns 7,814 shares in the company, valued at approximately $1,073,096.62. The disclosure for this sale can be found here. Insiders have sold a total of 52,989 shares of company stock worth $7,235,850 over the last ninety days. Insiders own 0.14% of the company’s stock.
Caterpillar Inc. (CAT) traded up $1.10 during mid-day trading on Friday, reaching $170.30. The company’s stock had a trading volume of 4,107,900 shares, compared to its average volume of 4,120,000. Caterpillar Inc. has a 1-year low of $90.34 and a 1-year high of $170.67. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 1.58. The company has a market cap of $101,320.00, a P/E ratio of 118.26, a price-to-earnings-growth ratio of 2.09 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 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.68. The business had revenue of $11.41 billion during the quarter, compared to the consensus estimate of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 EPS. equities analysts predict that Caterpillar Inc. will post 6.46 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Monday, January 22nd will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, January 19th. This represents a $3.12 annualized dividend and a dividend yield of 1.83%. Caterpillar’s dividend payout ratio (DPR) is 216.67%.
CAT has been the topic of several recent analyst reports. ValuEngine upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Vetr lowered Caterpillar from a “sell” rating to a “strong sell” rating and set a $139.26 price objective for the company. in a research report on Wednesday, December 27th. Credit Suisse Group reissued a “hold” rating and set a $133.00 price objective on shares of Caterpillar in a research report on Friday, September 22nd. Goldman Sachs Group raised their price objective on Caterpillar from $143.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, October 9th. Finally, Zacks Investment Research raised Caterpillar from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a research report on Wednesday, October 11th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $147.72.
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