MEMBERS Trust Co decreased its stake in shares of Caterpillar, Inc. (NYSE:CAT) by 8.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,951 shares of the industrial products company’s stock after selling 3,685 shares during the period. Caterpillar accounts for 0.3% of MEMBERS Trust Co’s investment portfolio, making the stock its 16th biggest position. MEMBERS Trust Co’s holdings in Caterpillar were worth $5,232,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in CAT. Quadrant Capital Group LLC increased its position in Caterpillar by 10.6% during the second quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock worth $102,000 after buying an additional 128 shares in the last quarter. Baker Ellis Asset Management LLC purchased a new position in Caterpillar during the second quarter worth $104,000. Motco increased its position in Caterpillar by 264.9% during the second quarter. Motco now owns 989 shares of the industrial products company’s stock worth $106,000 after buying an additional 718 shares in the last quarter. Harbour Capital Advisors LLC purchased a new position in Caterpillar during the first quarter worth $107,000. Finally, Acrospire Investment Management LLC boosted its holdings in shares of Caterpillar by 900.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 900 shares during the last quarter. 69.38% of the stock is owned by institutional investors.
In related news, insider Lange Bob De sold 1,572 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $137.58, for a total value of $216,275.76. Following the completion of the sale, the insider now directly owns 11,096 shares of the company’s stock, valued at $1,526,587.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Daniel M. Dickinson sold 3,813 shares of the business’s 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 directly owns 6,554 shares of the company’s stock, valued at $898,487.86. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.
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Several equities research analysts have recently issued reports on the company. Vetr upgraded Caterpillar from a “sell” rating to a “hold” rating and set a $135.41 price objective on the stock in a report on Monday. Tigress Financial restated a “buy” rating on shares of Caterpillar in a report on Monday, October 30th. BMO Capital Markets raised their price objective on Caterpillar from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. Argus raised their price objective on Caterpillar from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Citigroup Inc. raised their price objective on Caterpillar from $133.00 to $145.00 and gave the stock a “neutral” rating in a 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 company. The company has an average rating of “Hold” and an average target price of $133.92.
Shares of Caterpillar, Inc. (NYSE CAT) opened at $134.10 on Thursday. Caterpillar, Inc. has a 52-week low of $90.34 and a 52-week high of $140.44. The stock has a market capitalization of $81,827.17, a PE ratio of 24.78, a PEG ratio of 2.08 and a beta of 1.29. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.04 and a current ratio of 1.44.
Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.68. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The business had revenue of $11.41 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same period in the previous year, the company earned $0.85 earnings per share. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. research analysts predict that Caterpillar, Inc. will post 6.4 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, October 23rd will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Friday, October 20th. Caterpillar’s payout ratio is 216.67%.
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