Guyasuta Investment Advisors Inc. Continues to Hold Holdings in Caterpillar, Inc. (CAT)
Guyasuta Investment Advisors Inc. maintained its position in Caterpillar, Inc. (NYSE:CAT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,067 shares of the industrial products company’s stock at the end of the second quarter. Guyasuta Investment Advisors Inc.’s holdings in Caterpillar were worth $1,297,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Blue Rock Advisors LLC acquired a new position in Caterpillar during the 2nd quarter worth approximately $1,543,000. Synovus Financial Corp increased its position in Caterpillar by 6.5% during the 2nd quarter. Synovus Financial Corp now owns 17,041 shares of the industrial products company’s stock worth $1,828,000 after purchasing an additional 1,039 shares in the last quarter. HRT Financial LLC acquired a new position in Caterpillar during the 2nd quarter worth approximately $547,000. Thompson Siegel & Walmsley LLC increased its position in Caterpillar by 1.5% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 6,660 shares of the industrial products company’s stock worth $716,000 after purchasing an additional 100 shares in the last quarter. Finally, State of Tennessee Treasury Department increased its position in Caterpillar by 92.8% during the 2nd quarter. State of Tennessee Treasury Department now owns 556,005 shares of the industrial products company’s stock worth $59,748,000 after purchasing an additional 267,667 shares in the last quarter. Institutional investors and hedge funds own 69.24% of the company’s stock.
Caterpillar, Inc. (NYSE:CAT) opened at 130.71 on Friday. Caterpillar, Inc. has a 52-week low of $80.33 and a 52-week high of $131.41. The firm has a market cap of $77.25 billion, a P/E ratio of 730.22 and a beta of 1.26. The company’s 50 day moving average is $122.86 and its 200-day moving average is $109.42.
Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.23. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The firm had revenue of $11.33 billion for the quarter, compared to analysts’ expectations of $10.96 billion. During the same quarter in the previous year, the business posted $1.09 EPS. The company’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities analysts predict that Caterpillar, Inc. will post $5.27 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, October 23rd will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Friday, October 20th. Caterpillar’s dividend payout ratio is presently 2,080.00%.
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In other news, insider Bradley M. Halverson sold 182,612 shares of the company’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Suzette M. Long sold 13,859 shares of the company’s 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 directly owns 18,188 shares of the company’s stock, valued at approximately $2,078,888.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 201,471 shares of company stock valued at $22,979,332. 0.14% of the stock is owned by insiders.
A number of research firms recently issued reports on CAT. Atlantic Securities upgraded shares of Caterpillar from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $85.00 to $115.00 in a research report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a research report on Wednesday. Vetr upgraded shares of Caterpillar from a “strong sell” rating to a “buy” rating and set a $120.03 price objective for the company in a research report on Thursday, August 10th. Citigroup Inc. upped their price objective on shares of Caterpillar from $125.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, ValuEngine cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $117.36.
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