Sii Investments Inc. WI lessened its position in shares of Caterpillar, Inc. (NYSE:CAT) by 15.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,517 shares of the industrial products company’s stock after selling 11,043 shares during the period. Sii Investments Inc. WI’s holdings in Caterpillar were worth $6,613,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Baker Ellis Asset Management LLC bought a new position in Caterpillar during the 2nd quarter worth approximately $104,000. Motco lifted its holdings in Caterpillar by 264.9% during the 2nd quarter. Motco now owns 989 shares of the industrial products company’s stock worth $106,000 after buying an additional 718 shares during the last quarter. Harbour Capital Advisors LLC bought a new position in Caterpillar during the 1st quarter worth approximately $107,000. Acrospire Investment Management LLC lifted its holdings in Caterpillar by 900.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock worth $107,000 after buying an additional 900 shares during the last quarter. Finally, Harfst & Associates Inc. bought a new position in Caterpillar during the 1st quarter worth approximately $111,000. 69.38% of the stock is currently owned by institutional investors.
CAT has been the topic of a number of research analyst reports. BMO Capital Markets raised Caterpillar from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $110.00 to $125.00 in a report on Monday, July 24th. BidaskClub downgraded Caterpillar from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Wells Fargo & Company reissued an “outperform” rating on shares of Caterpillar in a report on Wednesday, July 26th. Credit Suisse Group reissued an “outperform” rating and issued a $133.00 price target (up previously from $123.00) on shares of Caterpillar in a report on Wednesday, July 26th. Finally, Axiom Securities reissued a “sell” rating on shares of Caterpillar in a report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $133.92.
In other news, Director Daniel M. Dickinson sold 3,813 shares of Caterpillar stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $137.09, for a total value of $522,724.17. Following the transaction, the director now directly owns 6,554 shares in the company, valued at $898,487.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lange Bob De sold 1,572 shares of Caterpillar stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $137.58, for a total value of $216,275.76. Following the completion of the transaction, the insider now owns 11,096 shares in the company, valued at $1,526,587.68. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.
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Shares of Caterpillar, Inc. (NYSE CAT) opened at $136.53 on Tuesday. The company has a market capitalization of $81,230.00, a price-to-earnings ratio of 24.59, a PEG ratio of 2.07 and a beta of 1.29. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 1.58. Caterpillar, Inc. has a 12-month low of $90.34 and a 12-month high of $140.44.
Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.68. The business had revenue of $11.41 billion during the quarter, compared to analysts’ expectations of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. Caterpillar’s revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 earnings per share. research analysts expect that Caterpillar, Inc. will post 6.4 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, October 23rd will be given a dividend of $0.78 per share. The ex-dividend date is Friday, October 20th. This represents a $3.12 dividend on an annualized basis and a yield of 2.29%. Caterpillar’s payout ratio is 216.67%.
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