Braun Stacey Associates Inc. Raises Holdings in Caterpillar, Inc. (CAT)
Braun Stacey Associates Inc. raised its position in Caterpillar, Inc. (NYSE:CAT) by 981.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,766 shares of the industrial products company’s stock after buying an additional 115,041 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Caterpillar were worth $15,809,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Quadrant Capital Group LLC raised its stake in shares of Caterpillar by 10.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 128 shares during the period. Baker Ellis Asset Management LLC bought a new stake in shares of Caterpillar during the 2nd quarter valued at $104,000. Motco raised its stake in shares of Caterpillar by 264.9% during the 2nd quarter. Motco now owns 989 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 718 shares during the period. Harbour Capital Advisors LLC bought a new stake in shares of Caterpillar during the 1st quarter valued at $107,000. Finally, Acrospire Investment Management LLC raised its stake in shares of Caterpillar by 900.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 900 shares during the period. Hedge funds and other institutional investors own 69.19% of the company’s stock.
Shares of Caterpillar, Inc. (NYSE CAT) opened at $136.91 on Tuesday. The firm has a market capitalization of $81,450.00, a PE ratio of 24.53, a P/E/G ratio of 2.06 and a beta of 1.29. Caterpillar, Inc. has a fifty-two week low of $90.34 and a fifty-two week high of $140.44. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 1.58.
Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.68. The company had revenue of $11.41 billion during the quarter, compared to analysts’ expectations of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. Caterpillar’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 EPS. equities analysts predict that Caterpillar, Inc. will post 6.4 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, October 23rd were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.28%. The ex-dividend date was Friday, October 20th. Caterpillar’s dividend payout ratio is presently 216.67%.
In other Caterpillar news, Director Daniel M. Dickinson sold 3,813 shares of the company’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 transaction of $522,724.17. Following the completion of the transaction, the director now owns 6,554 shares of the company’s stock, valued at approximately $898,487.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lange Bob De sold 1,572 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $137.58, for a total value of $216,275.76. Following the transaction, the insider now directly owns 11,096 shares of the company’s stock, valued at approximately $1,526,587.68. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.
A number of research firms recently issued reports on CAT. BMO Capital Markets boosted their price objective on Caterpillar from $130.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, September 14th. Vetr upgraded Caterpillar from a “sell” rating to a “hold” rating and set a $131.05 price objective on the stock in a research note on Thursday, October 19th. Zacks Investment Research lowered Caterpillar from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Stifel Nicolaus reiterated a “hold” rating and set a $125.00 price objective on shares of Caterpillar in a research note on Sunday, July 30th. Finally, Argus boosted their price objective on Caterpillar from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have given a buy rating to the stock. Caterpillar presently has an average rating of “Hold” and an average target price of $133.92.
Caterpillar Company Profile
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