OLD Mutual Customised Solutions Proprietary Ltd. Raises Stake in Caterpillar, Inc. (NYSE:CAT)
OLD Mutual Customised Solutions Proprietary Ltd. raised its position in Caterpillar, Inc. (NYSE:CAT) by 11.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,364 shares of the industrial products company’s stock after buying an additional 2,664 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Caterpillar were worth $2,353,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of the company. Harbour Capital Advisors LLC purchased a new stake in Caterpillar during the first quarter worth approximately $107,000. Caxton Associates LP purchased a new stake in Caterpillar during the first quarter worth approximately $417,000. Tudor Investment Corp ET AL raised its stake in Caterpillar by 140.3% in the first quarter. Tudor Investment Corp ET AL now owns 111,000 shares of the industrial products company’s stock worth $10,296,000 after buying an additional 64,800 shares in the last quarter. Baker Avenue Asset Management LP purchased a new stake in Caterpillar during the first quarter worth approximately $779,000. Finally, Colonial Trust Advisors raised its stake in Caterpillar by 15.1% in the first quarter. Colonial Trust Advisors now owns 11,135 shares of the industrial products company’s stock worth $1,125,000 after buying an additional 1,460 shares in the last quarter. 70.53% of the stock is currently owned by hedge funds and other institutional investors.
Caterpillar, Inc. (NYSE:CAT) traded down 0.27% during trading on Friday, reaching $112.85. 2,130,558 shares of the company traded hands. 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 price-to-earnings ratio of 630.45 and a beta of 1.25. Caterpillar, Inc. has a 52 week low of $79.93 and a 52 week high of $115.46.
Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, topping the Zacks’ 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 during the quarter, compared to analyst estimates of $10.96 billion. During the same quarter in the previous year, the firm earned $1.09 EPS. Caterpillar’s revenue was up 9.6% on a year-over-year basis. On average, equities research analysts expect that Caterpillar, Inc. will post $5.24 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, August 19th. Shareholders of record on Thursday, July 20th will be given a $0.78 dividend. This is a positive change from Caterpillar’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Tuesday, July 18th. This represents a $3.12 dividend on an annualized basis and a yield of 2.76%. Caterpillar’s payout ratio is 2,080.00%.
A number of equities research analysts have recently commented on CAT shares. Bank of America Corporation raised shares of Caterpillar from a “neutral” rating to a “buy” rating and upped their price objective for the company from $105.00 to $120.00 in a research note on Thursday, May 11th. Stifel Nicolaus reduced their price objective on shares of Caterpillar from $111.00 to $95.00 and set a “hold” rating on the stock in a research note on Wednesday, April 26th. Axiom Securities reaffirmed a “sell” rating on shares of Caterpillar in a research note on Friday, June 16th. Vetr lowered shares of Caterpillar from a “sell” rating to a “strong sell” rating and set a $86.90 price objective on the stock. in a research note on Tuesday, April 25th. Finally, Zacks Investment Research lowered shares of Caterpillar from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Caterpillar presently has an average rating of “Hold” and an average target price of $107.15.
In other Caterpillar news, insider Suzette M. Long sold 13,859 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now owns 18,188 shares of the company’s stock, valued at approximately $2,078,888.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William A. Osborn sold 5,000 shares of the business’s stock in a transaction dated Friday, July 28th. The stock was 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 three months, insiders sold 201,471 shares of company stock valued at $22,979,332. 0.15% of the stock is owned by insiders.
Caterpillar Company Profile
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