CMC Financial Group boosted its holdings in Caterpillar Inc. (NYSE:CAT) by 4.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,568 shares of the industrial products company’s stock after purchasing an additional 254 shares during the quarter. Caterpillar makes up approximately 0.7% of CMC Financial Group’s holdings, making the stock its 18th biggest position. CMC Financial Group’s holdings in Caterpillar were worth $754,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc increased its stake in shares of Caterpillar by 1.1% during the third quarter. Vanguard Group Inc now owns 49,811,616 shares of the industrial products company’s stock valued at $7,595,773,000 after buying an additional 534,451 shares during the period. BlackRock Inc. increased its stake in shares of Caterpillar by 1.5% during the fourth quarter. BlackRock Inc. now owns 35,985,874 shares of the industrial products company’s stock valued at $4,572,725,000 after buying an additional 529,926 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Caterpillar by 6,835.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,054,500 shares of the industrial products company’s stock valued at $71,000 after buying an additional 8,923,946 shares during the period. Northern Trust Corp increased its stake in shares of Caterpillar by 1.9% during the fourth quarter. Northern Trust Corp now owns 7,379,026 shares of the industrial products company’s stock valued at $937,652,000 after buying an additional 134,479 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Caterpillar by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 7,022,665 shares of the industrial products company’s stock valued at $890,658,000 after buying an additional 321,277 shares during the period. Hedge funds and other institutional investors own 67.63% of the company’s stock.
Shares of NYSE:CAT traded down $1.39 during trading on Wednesday, hitting $123.56. The stock had a trading volume of 4,619,600 shares, compared to its average volume of 4,536,419. The company has a quick ratio of 0.98, a current ratio of 1.43 and a debt-to-equity ratio of 1.57. The stock has a market cap of $69.59 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 0.84 and a beta of 1.45. Caterpillar Inc. has a 12-month low of $112.06 and a 12-month high of $159.37.
Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.10. The company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.36 billion. Caterpillar had a return on equity of 45.08% and a net margin of 11.50%. Caterpillar’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $2.82 earnings per share. As a group, equities analysts anticipate that Caterpillar Inc. will post 12.24 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Monday, July 22nd will be given a dividend of $1.03 per share. This is a boost from Caterpillar’s previous quarterly dividend of $0.86. This represents a $4.12 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend is Friday, July 19th. Caterpillar’s dividend payout ratio (DPR) is currently 30.66%.
Several brokerages have recently commented on CAT. ValuEngine upgraded Caterpillar from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Zacks Investment Research raised Caterpillar from a “hold” rating to a “buy” rating and set a $157.00 price objective on the stock in a research report on Tuesday, April 2nd. UBS Group set a $154.00 price objective on Caterpillar and gave the company a “buy” rating in a research report on Tuesday, January 29th. OTR Global downgraded Caterpillar to a “positive” rating in a research report on Friday, February 15th. Finally, BMO Capital Markets dropped their price objective on Caterpillar to $160.00 and set an “outperform” rating on the stock in a research report on Monday, February 4th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $145.39.
Caterpillar Company Profile
Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.
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