Osborn Williams & Donohoe LLC Invests $317,000 in Caterpillar, Inc. (CAT) Stock
Osborn Williams & Donohoe LLC purchased a new position in Caterpillar, Inc. (NYSE:CAT) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,542 shares of the industrial products company’s stock, valued at approximately $317,000.
Other institutional investors have also modified their holdings of the company. Quadrant Capital Group LLC raised its position in Caterpillar by 10.6% in the second quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 128 shares in the last quarter. Baker Ellis Asset Management LLC bought a new stake in Caterpillar in the second quarter worth about $104,000. Motco raised its position in Caterpillar by 264.9% in the second quarter. Motco now owns 989 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 718 shares in the last quarter. Harbour Capital Advisors LLC bought a new stake in Caterpillar in the first quarter worth about $107,000. Finally, Acrospire Investment Management LLC raised its position in Caterpillar by 900.0% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 69.38% of the company’s stock.
Shares of Caterpillar, Inc. (CAT) opened at $137.54 on Wednesday. The stock has a market capitalization of $81,226.29, a PE ratio of 24.60, a PEG ratio of 2.07 and a beta of 1.29. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.04 and a current ratio of 1.44. Caterpillar, Inc. has a 1-year low of $90.34 and a 1-year high of $140.44.
Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.68. The business had revenue of $11.41 billion during the quarter, compared to analyst estimates of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The firm’s revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 EPS. sell-side analysts anticipate that Caterpillar, Inc. will post 6.4 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, October 23rd will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, October 20th. This represents a $3.12 annualized dividend and a dividend yield of 2.27%. Caterpillar’s dividend payout ratio is 216.67%.
Several brokerages have commented on CAT. BMO Capital Markets boosted their price target on shares of Caterpillar from $130.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, September 14th. Vetr upgraded shares of Caterpillar from a “sell” rating to a “hold” rating and set a $131.05 price target on the stock in a research report on Thursday, October 19th. Zacks Investment Research cut shares of Caterpillar from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Stifel Nicolaus reiterated a “hold” rating and issued a $125.00 price target on shares of Caterpillar in a research report on Sunday, July 30th. Finally, Argus boosted their price target on shares of Caterpillar from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Caterpillar has an average rating of “Hold” and a consensus target price of $133.92.
In related news, insider Lange Bob De sold 1,572 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $137.58, for a total value of $216,275.76. Following the completion of the sale, the insider now directly owns 11,096 shares in the company, valued at approximately $1,526,587.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel M. Dickinson sold 3,813 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $137.09, for a total value of $522,724.17. Following the completion of the sale, the director now owns 6,554 shares of the company’s stock, valued at $898,487.86. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.
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