Caterpillar, Inc. (CAT) Stake Maintained by EagleClaw Capital Managment LLC
EagleClaw Capital Managment LLC held its stake in Caterpillar, Inc. (NYSE:CAT) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,958 shares of the industrial products company’s stock at the close of the second quarter. EagleClaw Capital Managment LLC’s holdings in Caterpillar were worth $1,281,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in CAT. Vanguard Group Inc. lifted its holdings in shares of Caterpillar by 6.1% in the 2nd quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock valued at $4,430,058,000 after acquiring an additional 2,377,623 shares during the last quarter. FMR LLC lifted its holdings in shares of Caterpillar by 11.7% in the 2nd quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock valued at $2,107,684,000 after acquiring an additional 2,052,300 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Caterpillar in the 1st quarter valued at about $143,490,000. Morgan Stanley lifted its holdings in shares of Caterpillar by 15.1% in the 1st quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock valued at $964,579,000 after acquiring an additional 1,365,856 shares during the last quarter. Finally, Balyasny Asset Management LLC lifted its stake in Caterpillar by 663.8% in the second quarter. Balyasny Asset Management LLC now owns 1,032,853 shares of the industrial products company’s stock worth $110,990,000 after purchasing an additional 1,216,053 shares during the last quarter. 69.41% of the stock is owned by hedge funds and other institutional investors.
Caterpillar, Inc. (NYSE CAT) opened at $136.48 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 1.58. Caterpillar, Inc. has a 1-year low of $90.34 and a 1-year high of $140.44. The stock has a market cap of $80,518.32, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 2.05 and a beta of 1.29.
Caterpillar (NYSE:CAT) last released its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.68. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The business had revenue of $11.41 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same period in the previous year, the company earned $0.85 earnings per share. The business’s revenue for the quarter was up 24.6% on a year-over-year basis. sell-side analysts anticipate that Caterpillar, Inc. will post 6.4 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 23rd will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.29%. The ex-dividend date is Friday, October 20th. Caterpillar’s dividend payout ratio is currently 216.67%.
In other Caterpillar news, Director Daniel M. Dickinson sold 3,813 shares of Caterpillar stock in a transaction on Monday, October 30th. The shares were sold at an average price of $137.09, for a total value of $522,724.17. Following the transaction, the director now directly owns 6,554 shares of the company’s stock, valued at $898,487.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lange Bob De sold 1,572 shares of Caterpillar stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $137.58, for a total transaction of $216,275.76. Following the completion of the transaction, the insider now directly owns 11,096 shares in the company, valued at $1,526,587.68. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.
Several analysts have issued reports on CAT shares. BidaskClub raised shares of Caterpillar from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Seaport Global Securities started coverage on shares of Caterpillar in a research note on Wednesday, September 6th. They issued a “neutral” rating and a $120.00 price objective for the company. Wells Fargo & Company reissued an “outperform” rating on shares of Caterpillar in a research note on Wednesday, July 26th. Vetr downgraded shares of Caterpillar from a “buy” rating to a “hold” rating and set a $120.03 price objective for the company. in a research note on Tuesday, August 22nd. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $146.00 price objective (up previously from $133.00) on shares of Caterpillar in a research note on Wednesday, October 18th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the stock. Caterpillar presently has a consensus rating of “Hold” and a consensus price target of $133.76.
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