SignalPoint Asset Management LLC bought a new position in shares of Caterpillar, Inc. (NYSE:CAT) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,739 shares of the industrial products company’s stock, valued at approximately $341,000.
Other institutional investors have also bought and sold shares of the company. Quadrant Capital Group LLC boosted its holdings in shares of Caterpillar by 10.6% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 128 shares in the last quarter. Baker Ellis Asset Management LLC bought a new stake in shares of Caterpillar in the 2nd quarter valued at about $104,000. Motco lifted its stake in shares of Caterpillar by 264.9% in the 2nd quarter. Motco now owns 989 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 718 shares during the last quarter. Harbour Capital Advisors LLC bought a new stake in shares of Caterpillar in the 1st quarter valued at about $107,000. Finally, Acrospire Investment Management LLC lifted its stake in shares of Caterpillar by 900.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 900 shares during the last quarter. Institutional investors and hedge funds own 68.61% of the company’s stock.
In other Caterpillar news, insider Thomas A. Pellette sold 24,547 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $135.69, for a total transaction of $3,330,782.43. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Bradley M. Halverson sold 2,600 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $137.67, for a total value of $357,942.00. Following the transaction, the insider now owns 5,214 shares in the company, valued at approximately $717,811.38. The disclosure for this sale can be found here. Insiders have sold a total of 52,989 shares of company stock worth $7,235,850 in the last quarter. Company insiders own 0.14% of the company’s stock.
Caterpillar, Inc. (NYSE:CAT) opened at $140.14 on Wednesday. The company has a market capitalization of $84,183.11, a P/E ratio of 25.50, a price-to-earnings-growth ratio of 2.14 and a beta of 1.29. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 1.58. Caterpillar, Inc. has a 52-week low of $90.34 and a 52-week high of $145.19.
Caterpillar (NYSE:CAT) last released its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.68. The business had revenue of $11.41 billion during the quarter, compared to analyst estimates of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. Caterpillar’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 EPS. equities research analysts forecast that Caterpillar, Inc. will post 6.4 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, October 23rd were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, October 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.23%. Caterpillar’s dividend payout ratio (DPR) is 216.67%.
A number of equities research analysts have recently weighed in on CAT shares. Vetr raised Caterpillar from a “strong sell” rating to a “buy” rating and set a $120.03 target price for the company in a research note on Thursday, August 10th. BidaskClub lowered Caterpillar from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Royal Bank Of Canada reissued a “hold” rating on shares of Caterpillar in a research note on Tuesday, August 29th. Jefferies Group reissued a “hold” rating and issued a $100.00 target price on shares of Caterpillar in a research note on Tuesday, August 29th. Finally, ValuEngine raised Caterpillar from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Two equities 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 company’s stock. Caterpillar currently has a consensus rating of “Hold” and a consensus price target of $136.28.
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Caterpillar Company Profile
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