Meyer Handelman Co. decreased its holdings in Caterpillar, Inc. (NYSE:CAT) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 234,116 shares of the industrial products company’s stock after selling 12,500 shares during the quarter. Caterpillar makes up about 1.3% of Meyer Handelman Co.’s investment portfolio, making the stock its 21st largest position. Meyer Handelman Co.’s holdings in Caterpillar were worth $29,196,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Caterpillar by 6.1% in the 2nd quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock valued at $4,430,058,000 after buying an additional 2,377,623 shares in the last quarter. FMR LLC raised its stake in 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 buying an additional 2,052,300 shares in the last quarter. Morgan Stanley raised its stake in 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 buying an additional 1,365,856 shares in the last quarter. Primecap Management Co. CA raised its stake in 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 buying an additional 1,047,922 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in 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 period. Hedge funds and other institutional investors own 68.61% of the company’s stock.
In other Caterpillar news, CFO Bradley M. Halverson sold 17,210 shares of Caterpillar stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $137.33, for a total value of $2,363,449.30. Following the completion of the transaction, the chief financial officer now directly owns 7,814 shares of the company’s stock, valued at approximately $1,073,096.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bradley M. Halverson sold 2,600 shares of Caterpillar stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $137.67, for a total transaction of $357,942.00. Following the transaction, the insider now directly owns 5,214 shares of the company’s stock, valued at $717,811.38. The disclosure for this sale can be found here. Insiders have sold 52,989 shares of company stock valued at $7,235,850 over the last ninety days. 0.14% of the stock is currently owned by corporate insiders.
Shares of Caterpillar, Inc. (NYSE:CAT) traded up $0.20 during mid-day trading on Wednesday, hitting $140.34. 2,881,171 shares of the stock traded hands, compared to its average volume of 4,385,338. The company has a market cap 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. Caterpillar, Inc. has a 12-month low of $90.34 and a 12-month high of $145.19. 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 posted its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.68. The company had revenue of $11.41 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the company posted $0.85 earnings per share. equities analysts expect that Caterpillar, Inc. will post 6.4 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, October 23rd were paid a dividend of $0.78 per share. The ex-dividend date was Friday, October 20th. This represents a $3.12 annualized dividend and a yield of 2.22%. Caterpillar’s payout ratio is 216.67%.
A number of equities research analysts have weighed in on CAT shares. Vetr cut shares of Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 price objective on the stock. in a report on Monday, September 11th. Jefferies Group reiterated a “hold” rating and set a $100.00 price target on shares of Caterpillar in a report on Tuesday, August 29th. Royal Bank Of Canada reiterated a “hold” rating on shares of Caterpillar in a report on Tuesday, August 29th. UBS upgraded shares of Caterpillar from a “neutral” rating to a “buy” rating and increased their price target for the company from $116.00 to $140.00 in a report on Monday, September 18th. Finally, BMO Capital Markets increased their price target on shares of Caterpillar from $130.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock 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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