Rehmann Capital Advisory Group increased its position in shares of Caterpillar Inc. (NYSE: CAT – Get Rating) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,666 shares of the industrial products company stock after buying an additional 106 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Caterpillar were worth $ 758,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Crewe Advisors LLC boosted its position in Caterpillar by 322.6% during the fourth quarter. Crewe Advisors LLC now owns 131 shares of the industrial products company stock valued at $ 27,000 after purchasing an additional 100 shares during the last quarter. SkyView Investment Advisors LLC acquired a new position in Caterpillar during the fourth quarter valued at approximately $ 31,000. Sierra Capital LLC acquired a new position in Caterpillar during the fourth quarter valued at approximately $ 38,000. IMA Wealth Inc. acquired a new position in Caterpillar during the fourth quarter valued at approximately $ 41,000. Finally, KB Financial Partners LLC acquired a new position in Caterpillar during the fourth quarter valued at approximately $ 41,000. 67.44% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Joseph E. Creed sold 5,004 shares of Caterpillar stock in a transaction on Wednesday, April 20th. The stock was sold at an average price of $ 235.00, for a total value of $ 1,175,940.00. Following the transaction, the insider now owns 2,757 shares in the company, valued at approximately $ 647,895. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Suzette M. Long sold 3,816 shares of Caterpillar stock in a transaction on Wednesday, April 20th. The shares were sold at an average price of $ 235.00, for a total value of $ 896,760.00. Following the completion of the transaction, the general counsel now owns 10,549 shares in the company, valued at approximately $ 2,479,015. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,577 shares of company stock worth $ 2,663,056. Corporate insiders own 0.18% of the company stock.
Caterpillar stock opened at $ 192.64 on Friday. The stock’s fifty day moving average price is $ 214.38 and its two-hundred day moving average price is $ 210.61. 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 firm has a market cap of $ 102.74 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 1.28 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 analysts’ consensus estimates of $ 2.60 by $ 0.28. Caterpillar had a return on equity of 35.10% and a net margin of 12.33%. The firm had revenue of $ 13.60 billion for the quarter, compared to analyst estimates of $ 13.49 billion. During the same quarter last year, the company earned $ 2.87 EPS. The company revenue was up 14.4% on a year-over-year basis. Sell-side analysts expect that Caterpillar Inc. will post 12.64 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Shareholders of record on Wednesday, July 20th will be paid a dividend of $ 1.20 per share. This represents a $ 4.80 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Tuesday, July 19th. This is a positive change from Caterpillar’s previous quarterly dividend of $ 1.11. Caterpillar’s dividend payout ratio (DPR) is 37.22%.
A number of analysts have recently issued reports on CAT shares. Jefferies Financial Group raised Caterpillar from a “hold” rating to a “buy” rating and raised their price objective for the company from $ 215.00 to $ 260.00 in a research report on Tuesday, March 8th. Deutsche Bank Aktiengesellschaft cut their price target on Caterpillar from $ 250.00 to $ 240.00 in a research report on Friday, April 29th. StockNews.com started coverage on Caterpillar in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Robert W. Baird reaffirmed an “outperform” rating and issued a $ 280.00 objective price on shares of Caterpillar in a research report on Thursday, May 19th. Finally, JPMorgan Chase & Co. raised their price objective on Caterpillar from $ 241.00 to $ 257.00 and gave the company an “overweight” rating in a research report on Monday, March 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $ 243.71.
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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