Huntington National Bank increased its stake in Caterpillar, Inc. (NYSE:CAT) by 5.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,260 shares of the industrial products company’s stock after buying an additional 3,986 shares during the quarter. Huntington National Bank’s holdings in Caterpillar were worth $9,511,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Beach Investment Management LLC. bought a new stake in Caterpillar in the second quarter worth $231,000. NGAM Advisors L.P. lifted its position in Caterpillar by 2.9% in the second quarter. NGAM Advisors L.P. now owns 81,344 shares of the industrial products company’s stock worth $8,742,000 after buying an additional 2,286 shares during the last quarter. Bank of Nova Scotia lifted its position in Caterpillar by 527.0% in the first quarter. Bank of Nova Scotia now owns 196,294 shares of the industrial products company’s stock worth $18,208,000 after buying an additional 164,989 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Caterpillar in the first quarter worth $46,917,000. Finally, Edmond DE Rothschild Holding S.A. lifted its position in Caterpillar by 0.6% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 170,587 shares of the industrial products company’s stock worth $18,332,000 after buying an additional 1,072 shares during the last quarter. Institutional investors own 69.19% of the company’s stock.
CAT has been the subject of a number of analyst reports. BidaskClub upgraded Caterpillar from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Seaport Global Securities assumed coverage on Caterpillar in a research report on Wednesday, September 6th. They set a “neutral” rating and a $120.00 target price for the company. Wells Fargo & Company reiterated an “outperform” rating on shares of Caterpillar in a research report on Wednesday, July 26th. Vetr downgraded Caterpillar from a “buy” rating to a “hold” rating and set a $120.03 target price for the company. in a research report on Tuesday, August 22nd. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $146.00 target price (up from $133.00) on shares of Caterpillar in a research report on Wednesday, October 18th. Two equities research 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 presently has an average rating of “Hold” and a consensus target price of $133.92.
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In other 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 transaction of $216,275.76. Following the sale, the insider now owns 11,096 shares in the company, valued at $1,526,587.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel M. Dickinson sold 3,813 shares of the business’s 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 sale, the director now owns 6,554 shares in the company, valued at approximately $898,487.86. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.
Caterpillar, Inc. (NYSE:CAT) opened at $136.13 on Monday. Caterpillar, Inc. has a 52 week low of $90.34 and a 52 week 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. The stock has a market capitalization of $80,988.32, a PE ratio of 24.53, a price-to-earnings-growth ratio of 2.06 and a beta of 1.29.
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, 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 quarter in the previous year, the firm earned $0.85 earnings per share. The company’s revenue was up 24.6% on a year-over-year basis. equities research analysts expect that Caterpillar, Inc. will post 6.4 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, October 23rd will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, October 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.29%. Caterpillar’s payout ratio is 216.67%.
Caterpillar Company Profile
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