Hennessy Advisors Inc. Has $12.68 Million Holdings in Caterpillar, Inc. (CAT)

Hennessy Advisors Inc. lessened its stake in Caterpillar, Inc. (NYSE:CAT) by 7.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 118,000 shares of the industrial products company’s stock after selling 8,950 shares during the period. Hennessy Advisors Inc.’s holdings in Caterpillar were worth $12,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of CAT. Baker Ellis Asset Management LLC purchased a new position in Caterpillar in the second quarter valued at about $104,000. Motco grew its stake in shares of Caterpillar by 264.9% during the second quarter. Motco now owns 989 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 718 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Caterpillar during the first quarter worth about $107,000. First Personal Financial Services grew its stake in shares of Caterpillar by 167.4% during the first quarter. First Personal Financial Services now owns 1,198 shares of the industrial products company’s stock worth $111,000 after acquiring an additional 750 shares during the last quarter. Finally, Harfst & Associates Inc. purchased a new stake in shares of Caterpillar during the first quarter worth about $111,000. Institutional investors own 69.23% of the company’s stock.

In related news, Director William A. Osborn sold 5,000 shares of Caterpillar stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $113.67, for a total value of $568,350.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bradley M. Halverson sold 182,612 shares of Caterpillar stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $114.05, for a total value of $20,826,898.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 201,471 shares of company stock worth $22,979,332. Company insiders own 0.14% of the company’s stock.

A number of brokerages have recently weighed in on CAT. Wells Fargo & Company set a $150.00 price target on Caterpillar and gave the stock a “buy” rating in a research note on Monday. They noted that the move was a valuation call. Citigroup Inc. boosted their price target on Caterpillar from $125.00 to $133.00 and gave the stock a “neutral” rating in a research note on Friday, October 13th. Zacks Investment Research upgraded Caterpillar from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a research note on Wednesday, October 11th. Vetr upgraded Caterpillar from a “sell” rating to a “hold” rating and set a $124.44 price target on the stock in a research note on Tuesday, October 10th. Finally, Goldman Sachs Group, Inc. (The) boosted their price target on Caterpillar from $143.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, October 9th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $118.88.

ILLEGAL ACTIVITY NOTICE: “Hennessy Advisors Inc. Has $12.68 Million Holdings in Caterpillar, Inc. (CAT)” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/18/hennessy-advisors-inc-has-12-68-million-holdings-in-caterpillar-inc-cat.html.

Caterpillar, Inc. (NYSE:CAT) opened at 130.54 on Wednesday. The stock’s 50 day moving average price is $122.86 and its 200 day moving average price is $109.54. Caterpillar, Inc. has a 52 week low of $80.33 and a 52 week high of $131.47. The firm has a market capitalization of $77.15 billion, a P/E ratio of 729.27 and a beta of 1.26.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.23. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The firm had revenue of $11.33 billion for the quarter, compared to the consensus estimate of $10.96 billion. During the same period in the previous year, the business earned $1.09 earnings per share. The company’s revenue for the quarter was up 9.6% compared to the same qua

A number of other institutional investors and hedge funds also recently bought and sold shares of CAT. Baker Ellis Asset Management LLC purchased a new position in Caterpillar in the second quarter valued at about $104,000. Motco grew its stake in shares of Caterpillar by 264.9% during the second quarter. Motco now owns 989 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 718 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Caterpillar during the first quarter worth about $107,000. First Personal Financial Services grew its stake in shares of Caterpillar by 167.4% during the first quarter. First Personal Financial Services now owns 1,198 shares of the industrial products company’s stock worth $111,000 after acquiring an additional 750 shares during the last quarter. Finally, Harfst & Associates Inc. purchased a new stake in shares of Caterpillar during the first quarter worth about $111,000. Institutional investors own 69.23% of the company’s stock.

In related news, Director William A. Osborn sold 5,000 shares of Caterpillar stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $113.67, for a total value of $568,350.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bradley M. Halverson sold 182,612 shares of Caterpillar stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $114.05, for a total value of $20,826,898.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 201,471 shares of company stock worth $22,979,332. Company insiders own 0.14% of the company’s stock.

A number of brokerages have recently weighed in on CAT. Wells Fargo & Company set a $150.00 price target on Caterpillar and gave the stock a “buy” rating in a research note on Monday. They noted that the move was a valuation call. Citigroup Inc. boosted their price target on Caterpillar from $125.00 to $133.00 and gave the stock a “neutral” rating in a research note on Friday, October 13th. Zacks Investment Research upgraded Caterpillar from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a research note on Wednesday, October 11th. Vetr upgraded Caterpillar from a “sell” rating to a “hold” rating and set a $124.44 price target on the stock in a research note on Tuesday, October 10th. Finally, Goldman Sachs Group, Inc. (The) boosted their price target on Caterpillar from $143.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, October 9th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $118.88.

ILLEGAL ACTIVITY NOTICE: “Hennessy Advisors Inc. Has $12.68 Million Holdings in Caterpillar, Inc. (CAT)” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/18/hennessy-advisors-inc-has-12-68-million-holdings-in-caterpillar-inc-cat.html.

Caterpillar, Inc. (NYSE:CAT) opened at 130.54 on Wednesday. The stock’s 50 day moving average price is $122.86 and its 200 day moving average price is $109.54. Caterpillar, Inc. has a 52 week low of $80.33 and a 52 week high of $131.47. The firm has a market capitalization of $77.15 billion, a P/E ratio of 729.27 and a beta of 1.26.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.23. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The firm had revenue of $11.33 billion for the quarter, compared to the consensus estimate of $10.96 billion. During the same period in the previous year, the business earned $1.09 earnings per share. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, equities analysts expect that Caterpillar, Inc. will post $5.28 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, October 23rd will be paid a $0.78 dividend. The ex-dividend date is Friday, October 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.39%. Caterpillar’s dividend payout ratio (DPR) is presently 2,080.00%.

Caterpillar Company Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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