Whittier Trust Co. of Nevada Inc. Trims Stake in Caterpillar Inc. (CAT)
Whittier Trust Co. of Nevada Inc. cut its holdings in Caterpillar Inc. (NYSE:CAT) by 1.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 34,363 shares of the industrial products company’s stock after selling 342 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Caterpillar were worth $5,415,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of CAT. Beach Investment Management LLC. bought a new stake in shares of Caterpillar in the 2nd quarter worth about $231,000. Freestone Capital Holdings LLC increased its holdings in shares of Caterpillar by 11.7% in the 2nd quarter. Freestone Capital Holdings LLC now owns 14,350 shares of the industrial products company’s stock worth $1,542,000 after buying an additional 1,505 shares during the last quarter. IFM Investors Pty Ltd bought a new position in Caterpillar during the 2nd quarter valued at about $1,759,000. Gareth Morgan Investments Limited Partnership bought a new position in Caterpillar during the 2nd quarter valued at about $1,994,000. Finally, Eaton Vance Management grew its holdings in Caterpillar by 13.3% during the 2nd quarter. Eaton Vance Management now owns 1,945,586 shares of the industrial products company’s stock valued at $209,073,000 after purchasing an additional 227,647 shares during the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.
In other news, CFO Bradley M. Halverson sold 17,210 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $137.33, for a total value of $2,363,449.30. Following the completion of the sale, the chief financial officer now owns 7,814 shares of the company’s stock, valued at approximately $1,073,096.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas A. Pellette sold 95,199 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $163.09, for a total transaction of $15,526,004.91. Following the completion of the sale, the insider now directly owns 96,268 shares of the company’s stock, valued at approximately $15,700,348.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 143,331 shares of company stock valued at $22,107,578. 0.14% of the stock is owned by corporate insiders.
Shares of Caterpillar Inc. (NYSE CAT) opened at $152.14 on Tuesday. The stock has a market cap of $90,600.00, a PE ratio of 120.75, a price-to-earnings-growth ratio of 1.60 and a beta of 1.22. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.35 and a quick ratio of 0.97. Caterpillar Inc. has a 52-week low of $90.34 and a 52-week high of $173.24.
Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, January 25th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.39. The company had revenue of $12.90 billion during the quarter, compared to analysts’ expectations of $12.01 billion. Caterpillar had a net margin of 1.66% and a return on equity of 28.69%. The firm’s quarterly revenue was up 34.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.83 EPS. equities research analysts anticipate that Caterpillar Inc. will post 9.05 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be given a $0.78 dividend. The ex-dividend date of this dividend is Friday, January 19th. This represents a $3.12 annualized dividend and a yield of 2.05%. Caterpillar’s dividend payout ratio (DPR) is 247.62%.
Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.
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