Caterpillar, Inc. (CAT) Position Held by Isthmus Partners LLC
Isthmus Partners LLC continued to hold its stake in shares of Caterpillar, Inc. (NYSE:CAT) during the first quarter, Holdings Channel reports. The institutional investor owned 4,200 shares of the industrial products company’s stock at the end of the first quarter. Isthmus Partners LLC’s holdings in Caterpillar were worth $390,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently made changes to their positions in CAT. Dodge & Cox purchased a new stake in shares of Caterpillar during the fourth quarter valued at about $5,287,000. Norges Bank purchased a new stake in shares of Caterpillar during the fourth quarter valued at about $414,361,000. Sowell Financial Services LLC purchased a new stake in shares of Caterpillar during the fourth quarter valued at about $1,071,000. AE Wealth Management LLC purchased a new stake in shares of Caterpillar during the fourth quarter valued at about $866,000. Finally, Willis Investment Counsel increased its stake in shares of Caterpillar by 7.1% in the fourth quarter. Willis Investment Counsel now owns 239,825 shares of the industrial products company’s stock valued at $22,241,000 after buying an additional 15,950 shares during the period. 70.70% of the stock is currently owned by institutional investors.
Shares of Caterpillar, Inc. (CAT) opened at 108.84 on Tuesday. The company’s market capitalization is $64.12 billion. The firm’s 50-day moving average is $104.38 and its 200-day moving average is $97.66. Caterpillar, Inc. has a 12-month low of $78.34 and a 12-month high of $110.00.
Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, April 25th. The industrial products company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.66. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.27 billion. Caterpillar had a negative net margin of 0.38% and a positive return on equity of 16.46%. Caterpillar’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 EPS. On average, equities research analysts anticipate that Caterpillar, Inc. will post $4.22 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, August 19th. Stockholders of record on Thursday, July 20th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Tuesday, July 18th. This is a positive change from Caterpillar’s previous quarterly dividend of $0.77. This represents a $3.12 annualized dividend and a dividend yield of 2.87%. Caterpillar’s payout ratio is currently -1,140.70%.
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Several analysts have issued reports on the stock. Axiom Securities reissued a “sell” rating on shares of Caterpillar in a research note on Thursday, July 13th. Zacks Investment Research raised shares of Caterpillar from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a research note on Friday. BidaskClub raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Bank of America Corporation set a $120.00 price target on shares of Caterpillar and gave the stock a “buy” rating in a research note on Tuesday, June 20th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $110.00 price target on shares of Caterpillar in a research note on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $97.72.
Caterpillar Company Profile
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