Two Sigma Securities LLC Takes Position in Caterpillar, Inc. (NYSE:CAT)
Two Sigma Securities LLC acquired a new position in Caterpillar, Inc. (NYSE:CAT) during the first quarter, Holdings Channel reports. The firm acquired 22,045 shares of the industrial products company’s stock, valued at approximately $2,045,000.
Several other institutional investors also recently bought and sold shares of the company. Howe & Rusling Inc. raised its position in Caterpillar by 52.0% in the first quarter. Howe & Rusling Inc. now owns 1,087 shares of the industrial products company’s stock worth $101,000 after buying an additional 372 shares in the last quarter. First Personal Financial Services raised its position in Caterpillar by 167.4% in the first quarter. First Personal Financial Services now owns 1,198 shares of the industrial products company’s stock worth $111,000 after buying an additional 750 shares in the last quarter. Harfst & Associates Inc. bought a new position in Caterpillar during the first quarter worth approximately $111,000. Financial Architects Inc raised its position in Caterpillar by 5.7% in the first quarter. Financial Architects Inc now owns 1,215 shares of the industrial products company’s stock worth $113,000 after buying an additional 65 shares in the last quarter. Finally, Ledyard National Bank raised its position in Caterpillar by 145.7% in the first quarter. Ledyard National Bank now owns 1,425 shares of the industrial products company’s stock worth $132,000 after buying an additional 845 shares in the last quarter. 70.53% of the stock is currently owned by institutional investors.
Shares of Caterpillar, Inc. (CAT) traded down 0.64% during mid-day trading on Thursday, reaching $113.61. The company had a trading volume of 782,977 shares. Caterpillar, Inc. has a one year low of $79.93 and a one year high of $115.46. The firm has a 50 day moving average of $109.24 and a 200-day moving average of $100.97. The stock has a market capitalization of $67.14 billion, a P/E ratio of 634.69 and a beta of 1.25.
Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.23. The firm had revenue of $11.33 billion for the quarter, compared to analysts’ expectations of $10.96 billion. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 earnings per share. Analysts forecast that Caterpillar, Inc. will post $5.24 EPS for the current fiscal year.
The firm also recently announced 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. This is a boost from Caterpillar’s previous quarterly dividend of $0.77. The ex-dividend date is Tuesday, July 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.73%. Caterpillar’s dividend payout ratio is currently 2,080.00%.
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CAT has been the topic of several recent analyst reports. UBS AG reissued a “neutral” rating and issued a $102.00 price target (up from $98.00) on shares of Caterpillar in a research note on Friday, April 28th. Atlantic Securities raised Caterpillar from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $85.00 to $115.00 in a research note on Thursday, August 3rd. Argus reissued a “buy” rating and issued a $113.10 price target (down from $130.00) on shares of Caterpillar in a research note on Wednesday, August 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $125.00 price target on shares of Caterpillar in a research note on Sunday, July 30th. Finally, Axiom Securities reissued a “sell” rating on shares of Caterpillar in a research note on Wednesday, July 26th. Two 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. The company presently has an average rating of “Hold” and an average target price of $106.56.
In other news, insider Suzette M. Long sold 13,859 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $114.30, for a total transaction of $1,584,083.70. Following the transaction, the insider now owns 18,188 shares of the company’s stock, valued at $2,078,888.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William A. Osborn sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $113.67, for a total value of $568,350.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 201,471 shares of company stock worth $22,979,332. Insiders own 0.15% of the company’s stock.
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