Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Caterpillar Inc. (NYSE: CAT – Get Rating) by 13.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 142,472 shares of the industrial products company stock after acquiring an additional 17,326 shares during the period. Caterpillar comprises 0.7% of Sumitomo Mitsui DS Asset Management Company Ltd’s investment portfolio, making its stock its 28th biggest holding. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Caterpillar were worth $ 31,746,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Crewe Advisors LLC lifted its position in shares of Caterpillar by 322.6% during the 4th quarter. Crewe Advisors LLC now owns 131 shares of the industrial products company stock worth $ 27,000 after buying an additional 100 shares during the last quarter. Sierra Capital LLC purchased a new position in Caterpillar during the 4th quarter worth $ 38,000. IMA Wealth Inc. purchased a new position in Caterpillar during the 4th quarter worth $ 41,000. DB Fitzpatrick & Co Inc purchased a new position in Caterpillar during the 4th quarter worth $ 42,000. Finally, Lloyd Advisory Services LLC. raised its position in Caterpillar by 3,042.9% during the 4th quarter. Lloyd Advisory Services LLC. now owns 220 shares of the industrial products company stock worth $ 45,000 after buying an additional 213 shares during the last quarter. Institutional investors own 67.44% of the company stock.
CAT has been the topic of a number of recent analyst reports. Jefferies Financial Group raised shares of Caterpillar from a “hold” rating to a “buy” rating and upped their price target for the stock from $ 215.00 to $ 260.00 in a research note on Tuesday, March 8th. JPMorgan Chase & Co. upped their price target on shares of Caterpillar from $ 241.00 to $ 257.00 and gave the stock an “overweight” rating in a research note on Monday, March 28th. Morgan Stanley lowered their price objective on shares of Caterpillar from $ 164.00 to $ 161.00 and set an “underweight” rating on the stock in a research note on Thursday, June 23rd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Caterpillar from $ 250.00 to $ 240.00 in a research note on Friday, April 29th. Finally, Tigress Financial increased their price objective on shares of Caterpillar from $ 278.00 to $ 282.00 and gave the company a “buy” rating in a research note on Friday, May 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company stock. According to data from MarketBeat, Caterpillar presently has an average rating of “Moderate Buy” and a consensus price target of $ 243.50.
In other news, Director David Maclennan bought 600 shares of the stock in a transaction that occurred on Thursday, May 5th. The shares were purchased at an average cost of $ 219.82 per share, with a total value of $ 131,892.00. Following the completion of the acquisition, the director now directly owns 2,480 shares in the company, valued at $ 545,153.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph E. Creed sold 2,757 shares of Caterpillar stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $ 214.13, for a total value of $ 590,356.41. The disclosure for this sale can be found here. Insiders sold 11,577 shares of company stock worth $ 2,663,056 over the last quarter. 0.18% of the stock is currently owned by company insiders.
Caterpillar stock opened at $ 187.59 on Tuesday. The company has a market cap of $ 100.05 billion, a PE ratio of 15.72, a P / E / G ratio of 1.22 and a beta of 0.94. The company has a fifty day moving average price of $ 210.22 and a two-hundred day moving average price of $ 210.23. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.44 and a quick ratio of 0.93. Caterpillar Inc. has a 12 month low of $ 176.02 and a 12 month high of $ 237.90.
Caterpillar (NYSE: CAT – Get Rating) last posted its earnings results on Thursday, April 28th. The industrial products company reported $ 2.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $ 2.66 by $ 0.22. The company had revenue of $ 13.60 billion for the quarter, compared to analysts’ expectations of $ 13.49 billion. Caterpillar had a return on equity of 35.10% and a net margin of 12.33%. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the business posted $ 2.87 earnings per share. Equities research analysts anticipate that Caterpillar Inc. will post 12.64 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 19th. Shareholders of record on Wednesday, July 20th will be paid a $ 1.20 dividend. This represents a $ 4.80 dividend on an annualized basis and a yield of 2.56%. This is a boost from Caterpillar’s previous quarterly dividend of $ 1.11. The ex-dividend date of this dividend is Tuesday, July 19th. Caterpillar’s dividend payout ratio (DPR) is presently 37.22%.
About Caterpillar: (Get Rating)
Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact track and multi-terrain loaders, excavators, motorgraders, pipelayers, road reclaimers, site prep tractors, skid steer loaders, telehandlers, and utility vehicles; mini, small, medium, and large excavators; compact, small, and medium wheel loaders; track-type tractors and loaders; and wheel excavators.
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