Windsor Group LTD grew its position in Caterpillar Inc. (NYSE:CAT) by 14.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,210 shares of the industrial products company’s stock after acquiring an additional 533 shares during the quarter. Windsor Group LTD’s holdings in Caterpillar were worth $620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in CAT. Jennison Associates LLC increased its stake in Caterpillar by 126.5% in the 4th quarter. Jennison Associates LLC now owns 5,951,370 shares of the industrial products company’s stock worth $937,817,000 after acquiring an additional 3,324,051 shares during the last quarter. BlackRock Inc. increased its position in shares of Caterpillar by 6.5% during the 4th quarter. BlackRock Inc. now owns 37,565,629 shares of the industrial products company’s stock valued at $5,919,590,000 after purchasing an additional 2,297,750 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Caterpillar by 99.6% during the 1st quarter. Prudential Financial Inc. now owns 1,990,874 shares of the industrial products company’s stock valued at $293,415,000 after purchasing an additional 993,438 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in shares of Caterpillar during the 4th quarter valued at approximately $148,604,000. Finally, CI Investments Inc. increased its position in shares of Caterpillar by 400,906.6% during the 4th quarter. CI Investments Inc. now owns 665,671 shares of the industrial products company’s stock valued at $104,896,000 after purchasing an additional 665,505 shares during the last quarter. 66.86% of the stock is currently owned by institutional investors and hedge funds.
In other Caterpillar news, insider Thomas A. Pellette sold 54,481 shares of the company’s stock in a transaction on Monday, May 7th. The stock was sold at an average price of $150.17, for a total value of $8,181,411.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Joseph E. Creed sold 4,532 shares of the company’s stock in a transaction on Friday, May 11th. The stock was sold at an average price of $155.67, for a total value of $705,496.44. Following the completion of the sale, the chief financial officer now owns 2,554 shares of the company’s stock, valued at $397,581.18. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by corporate insiders.
Several equities analysts have recently weighed in on the company. ValuEngine raised Caterpillar from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research raised Caterpillar from a “sell” rating to a “hold” rating in a research report on Monday, April 9th. Argus boosted their target price on Caterpillar from $155.00 to $185.00 and gave the company a “hold” rating in a research report on Thursday, February 1st. UBS boosted their target price on Caterpillar from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, Buckingham Research assumed coverage on Caterpillar in a research report on Wednesday, April 11th. They set a “buy” rating and a $170.00 target price on the stock. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $172.55.
Shares of Caterpillar stock opened at $158.71 on Tuesday. The firm has a market capitalization of $93.11 billion, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 1.10 and a beta of 1.31. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.96 and a current ratio of 1.36. Caterpillar Inc. has a 52 week low of $101.81 and a 52 week high of $173.24.
Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, April 24th. The industrial products company reported $2.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.11 by $0.71. Caterpillar had a return on equity of 34.38% and a net margin of 4.59%. The company had revenue of $12.86 billion for the quarter, compared to the consensus estimate of $11.99 billion. During the same quarter in the prior year, the company posted $1.28 EPS. Caterpillar’s quarterly revenue was up 30.9% on a year-over-year basis. equities analysts expect that Caterpillar Inc. will post 10.72 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Saturday, May 19th. Shareholders of record on Monday, April 23rd were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Friday, April 20th. Caterpillar’s dividend payout ratio is 45.35%.
Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.
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