Alpha Cubed Investments LLC raised its position in shares of Caterpillar, Inc. (NYSE:CAT) by 18.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,895 shares of the industrial products company’s stock after acquiring an additional 1,381 shares during the period. Alpha Cubed Investments LLC’s holdings in Caterpillar were worth $1,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Baker Ellis Asset Management LLC purchased a new stake in shares of Caterpillar during the 2nd quarter worth approximately $104,000. Motco raised its holdings in shares of Caterpillar by 264.9% during the 2nd quarter. Motco now owns 989 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 718 shares in the last quarter. Acrospire Investment Management LLC raised its holdings in shares of Caterpillar by 900.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 900 shares in the last quarter. Reilly Financial Advisors LLC raised its holdings in shares of Caterpillar by 92.9% during the 2nd quarter. Reilly Financial Advisors LLC now owns 1,111 shares of the industrial products company’s stock worth $119,000 after acquiring an additional 535 shares in the last quarter. Finally, Harbour Capital Advisors LLC purchased a new stake in shares of Caterpillar during the 1st quarter worth approximately $107,000. 69.38% of the stock is currently owned by institutional investors and hedge funds.
Shares of Caterpillar, Inc. (CAT) opened at $136.13 on Friday. Caterpillar, Inc. has a 12-month low of $90.34 and a 12-month high of $140.44. The firm has a market capitalization of $80,990.00, a PE ratio of 24.78, a P/E/G 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 issued its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.68. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The company had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $10.69 billion. During the same quarter last year, the company earned $0.85 earnings per share. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. equities analysts expect that Caterpillar, Inc. will post 6.4 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Investors 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 yield of 2.29%. The ex-dividend date of this dividend is Friday, October 20th. Caterpillar’s payout ratio is currently 216.67%.
In other Caterpillar news, Director Daniel M. Dickinson sold 3,813 shares of the stock in a transaction dated Monday, October 30th. The stock was 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 in the company, valued at $898,487.86. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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 value of $216,275.76. Following the completion of the sale, the insider now owns 11,096 shares of the company’s stock, valued at $1,526,587.68. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.
Several analysts recently weighed in on CAT shares. BMO Capital Markets restated a “buy” rating and set a $130.00 price target on shares of Caterpillar in a report on Friday, September 8th. Vetr lowered Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 price target on the stock. in a report on Monday, September 11th. Jefferies Group LLC restated a “hold” rating and set a $100.00 price target on shares of Caterpillar in a report on Tuesday, August 29th. Credit Suisse Group restated a “hold” rating and set a $133.00 price target on shares of Caterpillar in a report on Friday, September 22nd. Finally, Goldman Sachs Group, Inc. (The) increased their price target on Caterpillar from $143.00 to $158.00 and gave the company a “buy” rating in a report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have given 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 $133.92.
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