Pittenger & Anderson Inc. Has $2.38 Million Holdings in Caterpillar, Inc. (CAT)

Pittenger & Anderson Inc. boosted its holdings in shares of Caterpillar, Inc. (NYSE:CAT) by 1,284.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,150 shares of the industrial products company’s stock after buying an additional 20,550 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Caterpillar were worth $2,380,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CAT. FMR LLC increased its position in Caterpillar by 11.4% during the first quarter. FMR LLC now owns 17,561,361 shares of the industrial products company’s stock worth $1,628,992,000 after buying an additional 1,798,312 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Caterpillar in the first quarter valued at about $143,490,000. Morgan Stanley grew its position in shares of Caterpillar by 15.1% in the first quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock valued at $964,579,000 after purchasing an additional 1,365,856 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Caterpillar by 3.6% in the first quarter. Vanguard Group Inc. now owns 38,847,552 shares of the industrial products company’s stock valued at $3,603,500,000 after purchasing an additional 1,342,984 shares during the last quarter. Finally, Jennison Associates LLC acquired a new stake in shares of Caterpillar in the second quarter valued at about $117,223,000. 69.23% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This article was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/19/pittenger-anderson-inc-has-2-38-million-holdings-in-caterpillar-inc-cat.html.

In other news, insider Suzette M. Long sold 13,859 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $114.30, for a total transaction of $1,584,083.70. Following the completion of the sale, the insider now owns 18,188 shares of the company’s stock, valued at approximately $2,078,888.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Bradley M. Halverson sold 182,612 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $114.05, for a total transaction of $20,826,898.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 201,471 shares of company stock valued at $22,979,332. 0.14% of the stock is currently owned by insiders.

Caterpillar, Inc. (NYSE CAT) opened at 131.29 on Thursday. The stock has a 50 day moving average of $123.98 and a 200-day moving average of $110.24. The company has a market cap of $77.59 billion, a PE ratio of 733.46 and a beta of 1.26. Caterpillar, Inc. has a 1-year low of $80.33 and a 1-year high of $131.65.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, October 23rd will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Friday, October 20th. Caterpillar’s dividend payout ratio (DPR) is presently 2,080.00%.

Several equities research analysts have recently issued reports on CAT shares. TheStreet raised Caterpillar from a “c+” rating to a “b” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised Caterpillar from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a research report on Friday, July 14th. Credit Suisse Group reaffirmed a “buy” rating and issued a $123.00 price target on shares of Caterpillar in a research report on Thursday, June 22nd. Deutsche Bank AG lowered their price target on Caterpillar from $108.00 to $105.00 and set a “buy” rating on the stock in a research report on T

A number of other institutional investors have also bought and sold shares of CAT. FMR LLC increased its position in Caterpillar by 11.4% during the first quarter. FMR LLC now owns 17,561,361 shares of the industrial products company’s stock worth $1,628,992,000 after buying an additional 1,798,312 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Caterpillar in the first quarter valued at about $143,490,000. Morgan Stanley grew its position in shares of Caterpillar by 15.1% in the first quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock valued at $964,579,000 after purchasing an additional 1,365,856 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Caterpillar by 3.6% in the first quarter. Vanguard Group Inc. now owns 38,847,552 shares of the industrial products company’s stock valued at $3,603,500,000 after purchasing an additional 1,342,984 shares during the last quarter. Finally, Jennison Associates LLC acquired a new stake in shares of Caterpillar in the second quarter valued at about $117,223,000. 69.23% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This article was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/19/pittenger-anderson-inc-has-2-38-million-holdings-in-caterpillar-inc-cat.html.

In other news, insider Suzette M. Long sold 13,859 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $114.30, for a total transaction of $1,584,083.70. Following the completion of the sale, the insider now owns 18,188 shares of the company’s stock, valued at approximately $2,078,888.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Bradley M. Halverson sold 182,612 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $114.05, for a total transaction of $20,826,898.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 201,471 shares of company stock valued at $22,979,332. 0.14% of the stock is currently owned by insiders.

Caterpillar, Inc. (NYSE CAT) opened at 131.29 on Thursday. The stock has a 50 day moving average of $123.98 and a 200-day moving average of $110.24. The company has a market cap of $77.59 billion, a PE ratio of 733.46 and a beta of 1.26. Caterpillar, Inc. has a 1-year low of $80.33 and a 1-year high of $131.65.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, October 23rd will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Friday, October 20th. Caterpillar’s dividend payout ratio (DPR) is presently 2,080.00%.

Several equities research analysts have recently issued reports on CAT shares. TheStreet raised Caterpillar from a “c+” rating to a “b” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised Caterpillar from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a research report on Friday, July 14th. Credit Suisse Group reaffirmed a “buy” rating and issued a $123.00 price target on shares of Caterpillar in a research report on Thursday, June 22nd. Deutsche Bank AG lowered their price target on Caterpillar from $108.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, July 4th. Finally, BidaskClub raised Caterpillar from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $119.82.

Caterpillar Profile

Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar, Inc. (NYSE:CAT).

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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.

Leave a Reply