Cobiz Wealth LLC acquired a new stake in Caterpillar Inc. (NYSE:CAT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,888 shares of the industrial products company’s stock, valued at approximately $298,000.
A number of other large investors have also recently modified their holdings of the stock. Beach Investment Management LLC. acquired a new position in Caterpillar during the 2nd quarter valued at about $231,000. Nippon Life Global Investors Americas Inc. acquired a new position in Caterpillar during the 2nd quarter valued at about $5,827,000. Bingham Osborn & Scarborough LLC increased its stake in Caterpillar by 1.3% during the 2nd quarter. Bingham Osborn & Scarborough LLC now owns 2,327 shares of the industrial products company’s stock valued at $250,000 after buying an additional 30 shares during the period. Pinnacle Financial Partners Inc. increased its stake in Caterpillar by 89.9% during the 2nd quarter. Pinnacle Financial Partners Inc. now owns 6,462 shares of the industrial products company’s stock valued at $695,000 after buying an additional 3,059 shares during the period. Finally, S. R. Schill & Associates increased its stake in Caterpillar by 84.2% during the 2nd quarter. S. R. Schill & Associates now owns 4,059 shares of the industrial products company’s stock valued at $436,000 after buying an additional 1,855 shares during the period. Hedge funds and other institutional investors own 68.62% of the company’s stock.
In other Caterpillar news, CFO Bradley M. Halverson sold 17,210 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $137.33, for a total value of $2,363,449.30. Following the completion of the transaction, the chief financial officer now directly owns 7,814 shares in the company, valued at $1,073,096.62. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Bradley M. Halverson sold 2,600 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $137.67, for a total transaction of $357,942.00. Following the completion of the transaction, the insider now owns 5,214 shares of the company’s stock, valued at $717,811.38. The disclosure for this sale can be found here. Insiders sold a total of 52,989 shares of company stock worth $7,235,850 in the last ninety days. Corporate insiders own 0.14% of the company’s stock.
Several equities analysts have commented on the stock. Vetr raised shares of Caterpillar from a “sell” rating to a “hold” rating and set a $164.34 target price on the stock in a research note on Monday. Citigroup reissued a “neutral” rating and set a $185.00 target price (up previously from $160.00) on shares of Caterpillar in a research note on Friday. Seaport Global Securities raised shares of Caterpillar from a “neutral” rating to a “buy” rating and raised their target price for the company from $170.90 to $195.00 in a research note on Tuesday. Wells Fargo & Co raised their target price on shares of Caterpillar from $160.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. Finally, ValuEngine cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. Caterpillar presently has an average rating of “Buy” and a consensus target price of $160.21.
Shares of Caterpillar Inc. (NYSE CAT) traded down $0.90 on Tuesday, hitting $169.99. 2,564,103 shares of the stock traded hands, compared to its average volume of 4,270,000. The firm has a market cap of $101,130.00, a PE ratio of 118.05, a P/E/G ratio of 2.08 and a beta of 1.29. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.44 and a quick ratio of 1.04. Caterpillar Inc. has a 12 month low of $90.34 and a 12 month high of $173.24.
Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.68. The company had revenue of $11.41 billion for the quarter, compared to analysts’ expectations of $10.69 billion. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The business’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS. equities research analysts forecast that Caterpillar Inc. will post 6.47 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Monday, January 22nd will be paid a $0.78 dividend. The ex-dividend date of this dividend is Friday, January 19th. This represents a $3.12 annualized dividend and a dividend yield of 1.84%. Caterpillar’s dividend payout ratio is currently 216.67%.
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Caterpillar Company Profile
Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.
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