Archford Capital Strategies LLC boosted its stake in shares of Caterpillar, Inc. (NYSE:CAT) by 107.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,511 shares of the industrial products company’s stock after purchasing an additional 1,819 shares during the period. Archford Capital Strategies LLC’s holdings in Caterpillar were worth $294,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings 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 purchasing an additional 2,377,623 shares during the last quarter. FMR LLC increased its holdings 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 purchasing an additional 2,052,300 shares during the last quarter. Morgan Stanley increased its holdings 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 purchasing an additional 1,365,856 shares during the last quarter. Primecap Management Co. CA increased its holdings in shares of Caterpillar by 16.9% in the first quarter. Primecap Management Co. CA now owns 7,259,063 shares of the industrial products company’s stock worth $673,351,000 after purchasing an additional 1,047,922 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Caterpillar by 8.1% in the first quarter. Geode Capital Management LLC now owns 5,575,420 shares of the industrial products company’s stock worth $516,423,000 after purchasing an additional 419,191 shares during the last quarter. Institutional investors own 69.38% of the company’s stock.
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In other Caterpillar news, Director Daniel M. Dickinson sold 3,813 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $137.09, for a total value of $522,724.17. Following the completion of the sale, the director now owns 6,554 shares in the company, valued at approximately $898,487.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Lange Bob De sold 1,572 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $137.58, for a total transaction of $216,275.76. Following the completion of the sale, the insider now owns 11,096 shares of the company’s stock, valued at approximately $1,526,587.68. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.
Several equities research analysts have weighed in on the company. Vetr raised Caterpillar from a “sell” rating to a “hold” rating and set a $135.41 price objective on the stock in a research note on Monday. Tigress Financial restated a “buy” rating on shares of Caterpillar in a research report on Monday, October 30th. BMO Capital Markets boosted their target price on Caterpillar from $150.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, October 26th. Argus boosted their target price on Caterpillar from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Citigroup Inc. boosted their target price on Caterpillar from $133.00 to $145.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the stock. Caterpillar currently has a consensus rating of “Hold” and a consensus price target of $133.92.
Caterpillar, Inc. (CAT) opened at $136.48 on Monday. The firm has a market cap of $81,196.54, a PE ratio of 24.59, a P/E/G ratio of 2.07 and a beta of 1.29. Caterpillar, Inc. has a 12 month low of $90.34 and a 12 month high of $140.44. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 1.58.
Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.68. The firm 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 quarterly revenue was up 24.6% compared to the same quarter last year. During the same period last year, the company posted $0.85 EPS. equities analysts anticipate that Caterpillar, Inc. will post 6.4 earnings per share for the current fiscal year.
The firm also recently disclosed 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 dividend on an annualized basis and a yield of 2.29%. Caterpillar’s payout ratio is 216.67%.
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