MEMBERS Trust Co Buys Shares of 32,506 Caterpillar, Inc. (CAT)
MEMBERS Trust Co bought a new stake in Caterpillar, Inc. (NYSE:CAT) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 32,506 shares of the industrial products company’s stock, valued at approximately $3,015,000. Caterpillar makes up about 0.2% of MEMBERS Trust Co’s holdings, making the stock its 16th largest position.
A number of other large investors also recently modified their holdings of CAT. Howe & Rusling Inc. boosted its stake in shares of Caterpillar by 52.0% in the first quarter. Howe & Rusling Inc. now owns 1,087 shares of the industrial products company’s stock valued at $101,000 after buying an additional 372 shares in the last quarter. First Personal Financial Services boosted its position in shares of Caterpillar by 167.4% in the first quarter. First Personal Financial Services now owns 1,198 shares of the industrial products company’s stock valued at $111,000 after buying an additional 750 shares in the last quarter. Harfst & Associates Inc. acquired a new position in shares of Caterpillar during the first quarter valued at $111,000. Financial Architects Inc boosted its position in shares of Caterpillar by 5.7% in the first quarter. Financial Architects Inc now owns 1,215 shares of the industrial products company’s stock valued at $113,000 after buying an additional 65 shares in the last quarter. Finally, Ledyard National Bank boosted its position in shares of Caterpillar by 145.7% in the first quarter. Ledyard National Bank now owns 1,425 shares of the industrial products company’s stock valued at $132,000 after buying an additional 845 shares in the last quarter. Institutional investors own 70.53% of the company’s stock.
Caterpillar, Inc. (NYSE CAT) traded down 0.56% during mid-day trading on Thursday, hitting $113.70. 773,407 shares of the stock were exchanged. Caterpillar, Inc. has a 52-week low of $79.93 and a 52-week high of $115.46. The stock’s 50 day moving average is $109.24 and its 200 day moving average is $100.97. The stock has a market cap of $67.19 billion, a PE ratio of 635.20 and a beta of 1.25.
Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.23. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The business had revenue of $11.33 billion during the quarter, compared to analysts’ expectations of $10.96 billion. During the same period last year, the business earned $1.09 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. Analysts forecast that Caterpillar, Inc. will post $5.24 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, August 19th. Shareholders of record on Thursday, July 20th will be given a dividend of $0.78 per share. The ex-dividend date is Tuesday, July 18th. This is a boost from Caterpillar’s previous quarterly dividend of $0.77. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.73%. Caterpillar’s dividend payout ratio (DPR) is currently 2,080.00%.
Several brokerages have recently weighed in on CAT. Credit Suisse Group reiterated a “buy” rating and set a $123.00 price target on shares of Caterpillar in a research note on Thursday, June 22nd. Vetr cut shares of Caterpillar from a “sell” rating to a “strong sell” rating and set a $86.90 price target on the stock. in a research note on Tuesday, April 25th. Robert W. Baird set a $102.00 price target on shares of Caterpillar and gave the stock a “hold” rating in a research note on Wednesday, April 12th. 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, Stifel Nicolaus reiterated a “hold” rating and set a $125.00 price target on shares of Caterpillar in a research note on Sunday, July 30th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Caterpillar presently has a consensus rating of “Hold” and an average price target of $106.56.
In other Caterpillar news, insider Bradley M. Halverson sold 182,612 shares of Caterpillar stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $114.05, for a total transaction of $20,826,898.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Suzette M. Long sold 13,859 shares of Caterpillar stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $114.30, for a total transaction of $1,584,083.70. Following the sale, the insider now owns 18,188 shares of the company’s stock, valued at $2,078,888.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 201,471 shares of company stock valued at $22,979,332. Company insiders own 0.15% of the company’s stock.
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