Gofen & Glossberg LLC IL lifted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,151 shares of the industrial products company’s stock after buying an additional 1,526 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in Caterpillar were worth $9,247,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. First Command Bank raised its stake in Caterpillar by 52.6% in the 2nd quarter. First Command Bank now owns 5,810 shares of the industrial products company’s stock valued at $623,000 after purchasing an additional 2,003 shares during the last quarter. BKD Wealth Advisors LLC increased its stake in shares of Caterpillar by 4.0% in the 2nd quarter. BKD Wealth Advisors LLC now owns 24,030 shares of the industrial products company’s stock worth $2,583,000 after acquiring an additional 915 shares during the last quarter. Capital One National Association increased its stake in shares of Caterpillar by 20.9% in the 2nd quarter. Capital One National Association now owns 6,065 shares of the industrial products company’s stock worth $652,000 after acquiring an additional 1,050 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Caterpillar by 1.7% in the 2nd quarter. Capstone Asset Management Co. now owns 44,493 shares of the industrial products company’s stock worth $4,781,000 after acquiring an additional 755 shares during the last quarter. Finally, Country Club Trust Company n.a. increased its stake in shares of Caterpillar by 7.5% in the 2nd quarter. Country Club Trust Company n.a. now owns 8,822 shares of the industrial products company’s stock worth $948,000 after acquiring an additional 619 shares during the last quarter. 68.54% of the stock is owned by institutional investors and hedge funds.
In other news, insider Lange Bob De sold 1,572 shares of the stock in a transaction that occurred on 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 directly owns 11,096 shares in the company, valued at approximately $1,526,587.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel M. Dickinson sold 3,813 shares of the stock in a transaction that occurred on 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 $898,487.86. The disclosure for this sale can be found here. Insiders have sold 52,989 shares of company stock worth $7,235,850 in the last 90 days. 0.14% of the stock is currently owned by insiders.
Shares of Caterpillar Inc. (CAT) opened at $169.20 on Friday. The firm has a market capitalization of $100,660.00, a PE ratio of 117.50, a PEG ratio of 2.01 and a beta of 1.29. Caterpillar Inc. has a 1 year low of $90.34 and a 1 year high of $169.53. 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 issued 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 firm had revenue of $11.41 billion during the quarter, compared to the consensus estimate of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. Caterpillar’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.85 earnings per share. research analysts expect that Caterpillar Inc. will post 6.46 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, January 22nd will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Friday, January 19th. Caterpillar’s dividend payout ratio is currently 216.67%.
A number of research firms have recently weighed in on CAT. BMO Capital Markets reiterated a “buy” rating and set a $195.00 price target (up from $165.00) on shares of Caterpillar in a report on Thursday, January 4th. ValuEngine cut Caterpillar from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. JPMorgan Chase & Co. raised Caterpillar from a “neutral” rating to an “overweight” rating and increased their price target for the company from $161.96 to $200.00 in a research report on Monday. Wells Fargo & Co set a $150.00 price target on Caterpillar and gave the company a “buy” rating in a research report on Monday, October 16th. They noted that the move was a valuation call. Finally, UBS Group set a $180.00 target price on Caterpillar and gave the stock a “buy” rating in a research report on Friday, January 5th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $145.87.
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