Aperio Group LLC increased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 2.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 332,239 shares of the industrial products company’s stock after purchasing an additional 6,472 shares during the quarter. Aperio Group LLC owned approximately 0.06% of Caterpillar worth $50,663,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC lifted its stake in Caterpillar by 16.9% in the third quarter. Global Retirement Partners LLC now owns 2,493 shares of the industrial products company’s stock valued at $380,000 after buying an additional 360 shares during the last quarter. Private Capital Group LLC lifted its stake in Caterpillar by 10.7% in the second quarter. Private Capital Group LLC now owns 3,759 shares of the industrial products company’s stock valued at $509,000 after buying an additional 362 shares during the last quarter. Courier Capital LLC lifted its stake in Caterpillar by 8.0% in the second quarter. Courier Capital LLC now owns 4,992 shares of the industrial products company’s stock valued at $677,000 after buying an additional 371 shares during the last quarter. Segall Bryant & Hamill LLC lifted its stake in Caterpillar by 1.1% in the second quarter. Segall Bryant & Hamill LLC now owns 34,837 shares of the industrial products company’s stock valued at $4,726,000 after buying an additional 372 shares during the last quarter. Finally, Financial Advocates Investment Management lifted its stake in Caterpillar by 6.2% in the second quarter. Financial Advocates Investment Management now owns 6,379 shares of the industrial products company’s stock valued at $869,000 after buying an additional 374 shares during the last quarter. Hedge funds and other institutional investors own 66.63% of the company’s stock.
In related news, insider Denise C. Johnson sold 35,051 shares of the company’s stock in a transaction on Tuesday, October 2nd. The stock was sold at an average price of $154.18, for a total transaction of $5,404,163.18. Following the transaction, the insider now owns 22,826 shares of the company’s stock, valued at $3,519,312.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.36% of the company’s stock.
A number of equities research analysts have weighed in on CAT shares. Stifel Nicolaus reduced their price objective on Caterpillar from $174.00 to $168.00 and set a “hold” rating for the company in a research note on Tuesday, August 7th. UBS Group set a $185.00 price objective on Caterpillar and gave the company a “buy” rating in a research note on Wednesday, September 5th. ValuEngine lowered Caterpillar from a “hold” rating to a “sell” rating in a report on Thursday. Zacks Investment Research raised Caterpillar from a “hold” rating to a “buy” rating and set a $155.00 target price on the stock in a report on Tuesday, July 17th. Finally, Argus dropped their target price on Caterpillar from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, August 13th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Caterpillar has a consensus rating of “Buy” and an average price target of $171.44.
Shares of CAT stock opened at $135.80 on Friday. Caterpillar Inc. has a 1-year low of $129.40 and a 1-year high of $173.24. The firm has a market cap of $90.63 billion, a P/E ratio of 19.74, a price-to-earnings-growth ratio of 0.84 and a beta of 1.37. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.59.
Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Monday, July 30th. The industrial products company reported $2.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.73 by $0.24. Caterpillar had a return on equity of 40.60% and a net margin of 6.12%. The firm had revenue of $14.01 billion for the quarter, compared to analyst estimates of $14.09 billion. During the same quarter in the prior year, the company posted $1.49 earnings per share. Caterpillar’s quarterly revenue was up 23.7% on a year-over-year basis. Equities analysts predict that Caterpillar Inc. will post 11.65 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Monday, October 22nd will be issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Friday, October 19th. Caterpillar’s dividend payout ratio is presently 50.00%.
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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