Ameritas Investment Partners Inc. lowered its position in Caterpillar, Inc. (NYSE:CAT) by 4.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,296 shares of the industrial products company’s stock after selling 986 shares during the period. Ameritas Investment Partners Inc.’s holdings in Caterpillar were worth $2,502,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of CAT. Vanguard Group Inc. raised its position in shares of Caterpillar by 6.1% in the second quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock worth $4,430,058,000 after acquiring an additional 2,377,623 shares during the period. FMR LLC raised its position in shares of Caterpillar by 11.7% in the second quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock worth $2,107,684,000 after acquiring an additional 2,052,300 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Caterpillar in the first quarter worth about $143,490,000. Morgan Stanley raised 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 worth $964,579,000 after acquiring an additional 1,365,856 shares during the period. Finally, Balyasny Asset Management LLC raised its position in shares of Caterpillar by 663.8% in the second quarter. Balyasny Asset Management LLC now owns 1,032,853 shares of the industrial products company’s stock worth $110,990,000 after acquiring an additional 1,216,053 shares during the period. Institutional investors and hedge funds own 69.41% of the company’s stock.
Caterpillar, Inc. (NYSE CAT) opened at $136.48 on Friday. 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 firm has a market cap of $80,518.32, a PE ratio of 24.39, a price-to-earnings-growth ratio of 2.05 and a beta of 1.29. Caterpillar, Inc. has a fifty-two week low of $90.34 and a fifty-two week high of $140.44.
Caterpillar (NYSE:CAT) last posted its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.68. The company had revenue of $11.41 billion for the quarter, compared to analyst estimates of $10.69 billion. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. Caterpillar’s revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 EPS. equities research analysts predict that Caterpillar, Inc. will post 6.4 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 23rd will be issued a $0.78 dividend. The ex-dividend date is Friday, October 20th. This represents a $3.12 annualized dividend and a yield of 2.29%. Caterpillar’s payout ratio is 216.67%.
In other news, insider Lange Bob De sold 1,572 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $137.58, for a total value of $216,275.76. Following the transaction, the insider now directly owns 11,096 shares in the company, valued at approximately $1,526,587.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel M. Dickinson sold 3,813 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $137.09, for a total transaction of $522,724.17. Following the completion of the transaction, the director now owns 6,554 shares in the company, valued at $898,487.86. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.
CAT has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research report on Friday, July 14th. BMO Capital Markets upgraded shares of Caterpillar from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $110.00 to $125.00 in a research report on Monday, July 24th. BidaskClub downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Wells Fargo & Company reiterated an “outperform” rating on shares of Caterpillar in a research report on Wednesday, July 26th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $133.00 price objective (up previously from $123.00) on shares of Caterpillar in a research report on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the stock. Caterpillar currently has an average rating of “Hold” and a consensus target price of $133.76.
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