Minot Wealth Management LLC lessened its holdings in Caterpillar Inc. (NYSE: CAT – Get Rating) by 30.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,129 shares of the industrial products company stock after selling 500 shares during the quarter. Minot Wealth Management LLC’s holdings in Caterpillar were worth $ 252,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of CAT. Capital World Investors boosted its stake in Caterpillar by 11.6% in the fourth quarter. Capital World Investors now owns 13,262,687 shares of the industrial products company stock valued at $ 2,741,910,000 after acquiring an additional 1,373,656 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Caterpillar by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 8,619,170 shares of the industrial products company stock worth $ 1,776,940,000 after purchasing an additional 52,169 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Caterpillar by 2.5% during the fourth quarter. Fisher Asset Management LLC now owns 7,004,189 shares of the industrial products company stock worth $ 1,448,046,000 after purchasing an additional 168,085 shares during the period. Norges Bank acquired a new position in Caterpillar in the fourth quarter valued at about $ 1,103,021,000. Finally, Invesco Ltd. boosted its holdings in Caterpillar by 15.2% during the fourth quarter. Invesco Ltd. now owns 4,864,120 shares of the industrial products company stock worth $ 1,005,607,000 after buying an additional 643,392 shares during the last quarter. 67.44% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE: CAT opened at $ 185.49 on Friday. The stock has a market capitalization of $ 98.93 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 1.22 and a beta of 0.94. The company 50-day moving average price is $ 211.07 and its two-hundred day moving average price is $ 210.30. 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 one year low of $ 176.02 and a one year high of $ 237.90.
Caterpillar (NYSE: CAT – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The industrial products company reported $ 2.88 EPS for the quarter, beating the consensus estimate of $ 2.66 by $ 0.22. Caterpillar had a return on equity of 35.10% and a net margin of 12.33%. The firm had revenue of $ 13.60 billion during the quarter, compared to analysts’ expectations of $ 13.49 billion. During the same period in the prior year, the firm posted $ 2.87 earnings per share. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, analysts anticipate that Caterpillar Inc. will post 12.64 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 19th. Shareholders of record on Wednesday, July 20th will be given a dividend of $ 1.20 per share. This is a positive change from Caterpillar’s previous quarterly dividend of $ 1.11. This represents a $ 4.80 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Tuesday, July 19th. Caterpillar’s dividend payout ratio is 37.22%.
Several research analysts recently weighed in on the stock. StockNews.com raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research note on Friday. Morgan Stanley decreased their price target on shares of Caterpillar from $ 164.00 to $ 161.00 and set an “underweight” rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft reduced their target price on Caterpillar from $ 250.00 to $ 240.00 in a report on Friday, April 29th. Tigress Financial raised their price target on Caterpillar from $ 278.00 to $ 282.00 and gave the stock a “buy” rating in a research report on Friday, May 20th. Finally, Jefferies Financial Group upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and raised their target price for the stock from $ 215.00 to $ 260.00 in a report on Tuesday, March 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company stock. According to data from MarketBeat, Caterpillar has an average rating of “Moderate Buy” and a consensus price target of $ 243.50.
In other news, insider Joseph E. Creed sold 2,757 shares of the business’s stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $ 214.13, for a total transaction of $ 590,356.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director David Maclennan bought 600 shares of the stock in a transaction dated Thursday, May 5th. The shares were purchased at an average price of $ 219.82 per share, for a total transaction of $ 131,892.00. Following the purchase, the director now owns 2,480 shares of the company stock, valued at approximately $ 545,153.60. The disclosure for this purchase can be found here. In the last three months, insiders sold 11,577 shares of company stock valued at $ 2,663,056. Insiders own 0.18% of the company stock.
Caterpillar Profile: (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.
Receive News & Ratings for Caterpillar Daily: – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Caterpillar and related companies with MarketBeat.com’s FREE daily email newsletter.