First Allied Advisory Services Inc. raised its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 3.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,628 shares of the industrial products company’s stock after purchasing an additional 884 shares during the period. First Allied Advisory Services Inc.’s holdings in Caterpillar were worth $3,884,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of CAT. Cobblestone Capital Advisors LLC NY lifted its holdings in shares of Caterpillar by 14.1% during the 1st quarter. Cobblestone Capital Advisors LLC NY now owns 5,542 shares of the industrial products company’s stock valued at $751,000 after buying an additional 685 shares during the period. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of Caterpillar by 18.3% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 96,978 shares of the industrial products company’s stock valued at $13,140,000 after buying an additional 14,993 shares during the period. TAP Consulting LLC bought a new position in shares of Caterpillar during the 1st quarter valued at $247,000. Stephens Inc. AR lifted its holdings in shares of Caterpillar by 5.4% during the 1st quarter. Stephens Inc. AR now owns 62,125 shares of the industrial products company’s stock valued at $8,417,000 after buying an additional 3,197 shares during the period. Finally, Bbva Compass Bancshares Inc. lifted its holdings in shares of Caterpillar by 4.3% during the 1st quarter. Bbva Compass Bancshares Inc. now owns 6,918 shares of the industrial products company’s stock valued at $937,000 after buying an additional 285 shares during the period. Institutional investors and hedge funds own 65.66% of the company’s stock.
A number of equities analysts recently commented on CAT shares. Zacks Investment Research cut Caterpillar from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. UBS Group set a $125.00 target price on Caterpillar and gave the stock a “sell” rating in a report on Friday, May 3rd. ValuEngine cut Caterpillar from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Standpoint Research raised Caterpillar from a “hold” rating to a “buy” rating in a report on Wednesday, June 5th. Finally, Deutsche Bank cut Caterpillar from a “buy” rating to a “hold” rating and decreased their target price for the stock from $152.00 to $128.00 in a report on Wednesday, April 3rd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the stock. Caterpillar currently has an average rating of “Hold” and a consensus target price of $145.39.
NYSE:CAT traded up $0.06 on Friday, reaching $127.23. 2,227,692 shares of the company’s stock traded hands, compared to its average volume of 4,437,349. 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 $72.11 billion, a PE ratio of 11.34, a P/E/G ratio of 0.87 and a beta of 1.52. Caterpillar Inc. has a 12 month low of $112.06 and a 12 month high of $159.37.
Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $2.94 EPS for the quarter, beating the Zacks’ consensus estimate of $2.84 by $0.10. The business had revenue of $13.47 billion for 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%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm earned $2.82 earnings per share. Sell-side analysts anticipate that Caterpillar Inc. will post 12.24 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Monday, July 22nd will be given a dividend of $1.03 per share. This is a positive change from Caterpillar’s previous quarterly dividend of $0.86. The ex-dividend date is Friday, July 19th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.24%. Caterpillar’s dividend payout ratio (DPR) is presently 30.66%.
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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