Strategic Wealth Advisors Group LLC reduced its position in shares of Caterpillar Inc. (NYSE:CAT – Get Rating) by 0.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,111 shares of the industrial products company’s stock after selling 156 shares during the quarter. Strategic Wealth Advisors Group LLC’s holdings in Caterpillar were worth $3,628,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CAT. Ontario Teachers Pension Plan Board bought a new stake in Caterpillar during the 1st quarter worth about $433,134,000. Barclays PLC raised its holdings in Caterpillar by 168.0% during the 3rd quarter. Barclays PLC now owns 977,373 shares of the industrial products company’s stock worth $160,368,000 after purchasing an additional 612,692 shares during the last quarter. Amundi raised its holdings in Caterpillar by 15.6% during the 2nd quarter. Amundi now owns 3,130,082 shares of the industrial products company’s stock worth $531,926,000 after purchasing an additional 422,355 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Caterpillar by 152.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 91,690 shares of the industrial products company’s stock worth $15,044,000 after purchasing an additional 265,691 shares during the last quarter. Finally, Bridgewater Associates LP bought a new stake in Caterpillar during the 1st quarter worth about $39,035,000. 68.02% of the stock is owned by institutional investors.
Insider Buying and Selling at Caterpillar
In related news, General Counsel Suzette M. Long sold 8,000 shares of Caterpillar stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $251.04, for a total value of $2,008,320.00. Following the completion of the transaction, the general counsel now owns 8,776 shares in the company, valued at $2,203,127.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Daniel M. Dickinson sold 6,070 shares of Caterpillar stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $251.22, for a total value of $1,524,905.40. Following the completion of the transaction, the director now owns 5,038 shares in the company, valued at $1,265,646.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Suzette M. Long sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $251.04, for a total value of $2,008,320.00. Following the transaction, the general counsel now owns 8,776 shares of the company’s stock, valued at approximately $2,203,127.04. The disclosure for this sale can be found here. Insiders have sold a total of 90,984 shares of company stock valued at $22,519,893 over the last ninety days. 0.27% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the company. UBS Group lowered Caterpillar from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $225.00 to $230.00 in a research report on Monday, October 31st. BMO Capital Markets boosted their price objective on Caterpillar from $210.00 to $230.00 in a research report on Tuesday, February 7th. Citigroup boosted their price objective on Caterpillar to $250.00 in a research report on Wednesday, December 14th. Cowen boosted their price objective on Caterpillar from $240.00 to $264.00 and gave the company an “outperform” rating in a research report on Friday, December 9th. Finally, Robert W. Baird boosted their price objective on Caterpillar from $224.00 to $242.00 in a research report on Thursday, October 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.00.
Caterpillar Price Performance
CAT opened at $247.67 on Monday. The stock has a market capitalization of $128.89 billion, a P/E ratio of 19.58, a PEG ratio of 1.33 and a beta of 1.11. Caterpillar Inc. has a 12-month low of $160.60 and a 12-month high of $266.04. The stock has a 50-day moving average price of $244.64 and a 200-day moving average price of $214.09. The company has a current ratio of 1.39, a quick ratio of 0.87 and a debt-to-equity ratio of 1.62.
Caterpillar (NYSE:CAT – Get Rating) last announced its earnings results on Tuesday, January 31st. The industrial products company reported $3.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.95 by ($0.09). Caterpillar had a return on equity of 45.61% and a net margin of 11.28%. The firm had revenue of $16.60 billion during the quarter, compared to the consensus estimate of $15.84 billion. During the same period in the prior year, the company posted $2.69 EPS. The firm’s revenue was up 20.3% on a year-over-year basis. Equities analysts predict that Caterpillar Inc. will post 15.56 earnings per share for the current fiscal year.
Caterpillar Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, February 17th. Investors of record on Friday, January 20th will be issued a $1.20 dividend. The ex-dividend date is Thursday, January 19th. This represents a $4.80 dividend on an annualized basis and a yield of 1.94%. Caterpillar’s dividend payout ratio is currently 37.94%.
About Caterpillar
Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.
See Also
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