Caterpillar, Inc. (CAT) Position Held by CNA Financial Corp
CNA Financial Corp held its stake in shares of Caterpillar, Inc. (NYSE:CAT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,205 shares of the industrial products company’s stock at the end of the first quarter. CNA Financial Corp’s holdings in Caterpillar were worth $854,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of CAT. Southeast Asset Advisors Inc. increased its stake in shares of Caterpillar by 0.3% in the first quarter. Southeast Asset Advisors Inc. now owns 4,267 shares of the industrial products company’s stock worth $396,000 after buying an additional 13 shares during the last quarter. Guardian Life Insurance Co. of America increased its stake in shares of Caterpillar by 1.1% in the first quarter. Guardian Life Insurance Co. of America now owns 2,265 shares of the industrial products company’s stock worth $210,000 after buying an additional 24 shares during the last quarter. Cypress Capital Group increased its stake in shares of Caterpillar by 0.8% in the first quarter. Cypress Capital Group now owns 3,108 shares of the industrial products company’s stock worth $289,000 after buying an additional 25 shares during the last quarter. Trust Investment Advisors increased its stake in shares of Caterpillar by 0.3% in the first quarter. Trust Investment Advisors now owns 16,080 shares of the industrial products company’s stock worth $1,492,000 after buying an additional 50 shares during the last quarter. Finally, Diversified Trust Co increased its stake in shares of Caterpillar by 1.9% in the first quarter. Diversified Trust Co now owns 2,777 shares of the industrial products company’s stock worth $258,000 after buying an additional 53 shares during the last quarter. 70.53% of the stock is currently owned by institutional investors.
Shares of Caterpillar, Inc. (CAT) traded down 0.27% on Friday, reaching $112.85. The company had a trading volume of 2,130,558 shares. Caterpillar, Inc. has a 52 week low of $79.93 and a 52 week high of $115.46. The company’s 50-day moving average price is $109.77 and its 200 day moving average price is $101.19. The firm has a market capitalization of $66.69 billion, a P/E ratio of 630.45 and a beta of 1.25.
Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.23. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The business had revenue of $11.33 billion for the quarter, compared to analysts’ expectations of $10.96 billion. During the same quarter last year, the firm earned $1.09 earnings per share. The business’s revenue was up 9.6% on a year-over-year basis. On average, analysts expect that Caterpillar, Inc. will post $5.24 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, August 19th. Stockholders of record on Thursday, July 20th will be issued 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 annualized dividend and a dividend yield of 2.76%. Caterpillar’s dividend payout ratio (DPR) is 2,080.00%.
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A number of equities research analysts recently weighed in on the company. UBS AG reaffirmed a “neutral” rating and set a $102.00 price objective (up previously from $98.00) on shares of Caterpillar in a research report on Friday, April 28th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Caterpillar in a research report on Wednesday, July 26th. Vetr raised Caterpillar from a “strong sell” rating to a “buy” rating and set a $120.03 price objective on the stock in a research report on Thursday. Axiom Securities reaffirmed a “sell” rating on shares of Caterpillar in a research report on Tuesday, June 6th. Finally, Citigroup Inc. raised their price objective on Caterpillar from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $107.15.
In other news, insider Bradley M. Halverson sold 182,612 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $114.05, for a total transaction of $20,826,898.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Suzette M. Long sold 13,859 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $114.30, for a total value of $1,584,083.70. Following the sale, the insider now owns 18,188 shares in the company, valued at approximately $2,078,888.40. The disclosure for this sale can be found here. Insiders have sold 201,471 shares of company stock worth $22,979,332 in the last 90 days. Insiders own 0.15% of the company’s stock.
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