Accurate Investment Solutions Inc. boosted its position in Caterpillar Inc. (NYSE:CAT) by 17.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 521 shares of the industrial products company’s stock after purchasing an additional 76 shares during the period. Accurate Investment Solutions Inc.’s holdings in Caterpillar were worth $77,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of CAT. Fisher Asset Management LLC grew its position in Caterpillar by 8,442.2% in the 3rd quarter. Fisher Asset Management LLC now owns 5,376,797 shares of the industrial products company’s stock worth $679,143,000 after purchasing an additional 5,313,853 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Caterpillar by 1,092.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 4,518,229 shares of the industrial products company’s stock worth $615,789,000 after purchasing an additional 4,139,332 shares during the period. AQR Capital Management LLC lifted its position in shares of Caterpillar by 257.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,021,112 shares of the industrial products company’s stock worth $139,167,000 after purchasing an additional 735,800 shares during the period. Invesco Ltd. lifted its position in shares of Caterpillar by 32.4% in the 2nd quarter. Invesco Ltd. now owns 1,901,865 shares of the industrial products company’s stock worth $259,205,000 after purchasing an additional 465,286 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Caterpillar by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 50,200,890 shares of the industrial products company’s stock worth $6,841,880,000 after purchasing an additional 411,655 shares during the period. 64.90% of the stock is owned by institutional investors and hedge funds.
In other Caterpillar news, insider Denise C. Johnson sold 68,993 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $146.37, for a total transaction of $10,098,505.41. Also, insider Denise C. Johnson sold 14,777 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $140.00, for a total transaction of $2,068,780.00. Following the sale, the insider now owns 26,464 shares of the company’s stock, valued at $3,704,960. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 90,122 shares of company stock valued at $13,083,041. 0.37% of the stock is owned by company insiders.
CAT has been the subject of a number of recent research reports. Citigroup lowered their price target on shares of Caterpillar from $150.00 to $145.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Standpoint Research cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Thursday, December 12th. Morgan Stanley lifted their price target on shares of Caterpillar from $132.00 to $137.00 and gave the company an “equal weight” rating in a research report on Monday, December 16th. Goldman Sachs Group lifted their price target on shares of Caterpillar from $130.00 to $156.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, UBS Group lowered their price target on shares of Caterpillar to $110.00 and set a “sell” rating for the company in a research report on Thursday, October 24th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $143.44.
NYSE:CAT opened at $145.57 on Thursday. The firm has a market cap of $81.06 billion, a P/E ratio of 12.97, a P/E/G ratio of 1.56 and a beta of 1.52. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.44. Caterpillar Inc. has a fifty-two week low of $111.75 and a fifty-two week high of $150.55. The firm has a 50-day simple moving average of $146.00 and a two-hundred day simple moving average of $134.49.
Caterpillar (NYSE:CAT) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $2.66 earnings per share for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.16). The firm had revenue of $12.76 billion for the quarter, compared to the consensus estimate of $13.49 billion. Caterpillar had a net margin of 10.99% and a return on equity of 42.51%. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.86 earnings per share. On average, equities research analysts predict that Caterpillar Inc. will post 10.84 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be paid a dividend of $1.03 per share. The ex-dividend date is Friday, January 17th. This represents a $4.12 dividend on an annualized basis and a yield of 2.83%. Caterpillar’s dividend payout ratio is currently 36.72%.
Caterpillar Company Profile
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.
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