Regatta Capital Group LLC bought a new position in Caterpillar Inc. (NYSE: CAT – Get Rating) during the 4th quarter, Holdings Channel reports. The institutional investor bought 1,581 shares of the industrial products company stock, valued at approximately $ 327,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Capital World Investors lifted its stake in Caterpillar by 11.6% in the 4th quarter. Capital World Investors now owns 13,262,687 shares of the industrial products company stock worth $ 2,741,910,000 after purchasing an additional 1,373,656 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Caterpillar by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 8,619,170 shares of the industrial products company stock valued at $ 1,776,940,000 after buying an additional 52,169 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Caterpillar by 2.5% during the 4th quarter. Fisher Asset Management LLC now owns 7,004,189 shares of the industrial products company stock valued at $ 1,448,046,000 after buying an additional 168,085 shares in the last quarter. Morgan Stanley raised its position in shares of Caterpillar by 16.6% during the 2nd quarter. Morgan Stanley now owns 5,070,449 shares of the industrial products company stock valued at $ 1,103,482,000 after buying an additional 721,439 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Caterpillar by 15.2% during the 4th quarter. Invesco Ltd. now owns 4,864,120 shares of the industrial products company stock valued at $ 1,005,607,000 after buying an additional 643,392 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company stock.
Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Caterpillar from $ 250.00 to $ 240.00 in a research report on Friday, April 29th. Tigress Financial lifted their target price on shares of Caterpillar from $ 278.00 to $ 282.00 and gave the stock a “buy” rating in a research report on Friday, May 20th. Wells Fargo & Company began coverage on shares of Caterpillar in a research report on Friday, March 11th. They issued an “equal weight” rating and a $ 231.00 target price on the stock. Robert W. Baird reiterated an “outperform” rating and issued a $ 280.00 target price on shares of Caterpillar in a research report on Thursday, May 19th. Finally, StockNews.com assumed coverage on shares of Caterpillar in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Caterpillar currently has an average rating of “Buy” and an average price target of $ 243.71.
In related news, insider Joseph E. Creed sold 5,004 shares of the business’s stock in a transaction that occurred on Wednesday, April 20th. The shares were sold at an average price of $ 235.00, for a total transaction of $ 1,175,940.00. Following the completion of the sale, the insider now directly owns 2,757 shares in the company, valued at $ 647,895. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph E. Creed sold 2,757 shares of the business’s stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $ 214.13, for a total transaction of $ 590,356.41. The disclosure for this sale can be found here. Insiders sold 11,577 shares of company stock valued at $ 2,663,056 over the last ninety days. Corporate insiders own 0.18% of the company stock.
NYSE: CAT opened at $ 194.79 on Friday. Caterpillar Inc. has a one year low of $ 179.67 and a one year high of $ 237.90. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.44 and a quick ratio of 0.93. The company 50-day simple moving average is $ 214.87 and its 200 day simple moving average is $ 210.61. The firm has a market capitalization of $ 103.89 billion, a P / E ratio of 16.33, a PEG ratio of 1.36 and a beta of 0.94.
Caterpillar (NYSE: CAT – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The industrial products company reported $ 2.88 EPS for the quarter, topping the consensus estimate of $ 2.60 by $ 0.28. Caterpillar had a net margin of 12.33% and a return on equity of 35.10%. The business had revenue of $ 13.60 billion for the quarter, compared to analyst estimates of $ 13.49 billion. During the same quarter in the previous year, the firm posted $ 2.87 earnings per share. Caterpillar’s quarterly revenue was up 14.4% on a year-over-year basis. On average, equities research analysts expect 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 issued a $ 1.20 dividend. The ex-dividend date of this dividend is Tuesday, July 19th. This is a boost from Caterpillar’s previous quarterly dividend of $ 1.11. This represents a $ 4.80 annualized dividend and a yield of 2.46%. Caterpillar’s payout ratio is 37.22%.
Caterpillar Company 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.
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