Mathes Company Inc. cut its stake in Caterpillar Inc. (NYSE:CAT) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,832 shares of the industrial products company’s stock after selling 975 shares during the period. Caterpillar comprises about 3.2% of Mathes Company Inc.’s holdings, making the stock its 4th largest holding. Mathes Company Inc.’s holdings in Caterpillar were worth $7,065,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Motco lifted its holdings in Caterpillar by 264.9% during the 2nd quarter. Motco now owns 989 shares of the industrial products company’s stock worth $106,000 after buying an additional 718 shares during the last quarter. Acrospire Investment Management LLC lifted its holdings in 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 buying an additional 900 shares during the last quarter. Massey Quick Simon & CO. LLC lifted its holdings in Caterpillar by 4,240.7% during the 3rd quarter. Massey Quick Simon & CO. LLC now owns 1,172 shares of the industrial products company’s stock worth $146,000 after buying an additional 1,145 shares during the last quarter. Blue Chip Partners Inc. purchased a new stake in Caterpillar during the 2nd quarter worth about $136,000. Finally, First American Trust FSB purchased a new stake in Caterpillar during the 4th quarter worth about $204,000. Hedge funds and other institutional investors own 69.25% of the company’s stock.
Shares of Caterpillar Inc. (NYSE CAT) traded up $3.22 during mid-day trading on Friday, reaching $149.21. The company had a trading volume of 9,452,458 shares, compared to its average volume of 6,820,000. The firm has a market cap of $88,770.00, a PE ratio of 118.42, a PEG ratio of 1.60 and a beta of 1.22. Caterpillar Inc. has a 1 year low of $90.34 and a 1 year high of $173.24. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.35 and a quick ratio of 0.97.
Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, January 25th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.39. The firm had revenue of $12.90 billion for the quarter, compared to analysts’ expectations of $12.01 billion. Caterpillar had a return on equity of 28.69% and a net margin of 1.66%. The firm’s revenue for the quarter was up 34.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 EPS. equities research analysts predict that Caterpillar Inc. will post 9.05 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Friday, January 19th. Caterpillar’s payout ratio is 247.62%.
In other Caterpillar news, CFO Bradley M. Halverson sold 17,210 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $137.33, for a total transaction of $2,363,449.30. Following the transaction, the chief financial officer now owns 7,814 shares in the company, valued at approximately $1,073,096.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas A. Pellette sold 95,199 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $163.09, for a total value of $15,526,004.91. Following the transaction, the insider now owns 96,268 shares in the company, valued at approximately $15,700,348.12. The disclosure for this sale can be found here. Insiders have sold a total of 143,331 shares of company stock worth $22,107,578 in the last quarter. 0.14% of the stock is currently owned by insiders.
Several analysts have recently weighed in on the company. Seaport Global Securities raised Caterpillar from a “neutral” rating to a “buy” rating and boosted their target price for the company from $170.90 to $195.00 in a report on Tuesday, January 23rd. Vetr raised Caterpillar from a “sell” rating to a “hold” rating and set a $164.34 target price for the company in a report on Monday, January 22nd. Citigroup reissued a “neutral” rating and issued a $185.00 target price (up from $160.00) on shares of Caterpillar in a report on Friday, January 19th. Barclays set a $180.00 target price on Caterpillar and gave the company an “overweight” rating in a report on Wednesday, January 24th. Finally, Bank of America reissued a “buy” rating and issued a $189.00 target price (up from $158.00) on shares of Caterpillar in a report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $167.80.
Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.
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