South Dakota Investment Council maintained its position in shares of Caterpillar, Inc. (NYSE:CAT) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,100 shares of the industrial products company’s stock at the end of the first quarter. South Dakota Investment Council’s holdings in Caterpillar were worth $3,441,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of CAT. Northstar Group Inc. boosted its position in shares of Caterpillar by 0.3% in the first quarter. Northstar Group Inc. now owns 2,377 shares of the industrial products company’s stock valued at $219,000 after buying an additional 8 shares during the last quarter. Trust Investment Advisors boosted its position in shares of Caterpillar by 0.3% in the first quarter. Trust Investment Advisors now owns 16,080 shares of the industrial products company’s stock worth $1,492,000 after buying an additional 50 shares in the last quarter. Diversified Trust Co boosted its position in shares of Caterpillar by 1.9% in the first quarter. Diversified Trust Co now owns 2,777 shares of the industrial products company’s stock worth $258,000 after buying an additional 53 shares in the last quarter. Financial Architects Inc boosted its position in shares of Caterpillar by 5.7% in the first quarter. Financial Architects Inc now owns 1,215 shares of the industrial products company’s stock worth $113,000 after buying an additional 65 shares in the last quarter. Finally, Bancorpsouth Inc. boosted its position in shares of Caterpillar by 1.2% in the first quarter. Bancorpsouth Inc. now owns 5,787 shares of the industrial products company’s stock worth $537,000 after buying an additional 69 shares in the last quarter. 70.55% of the stock is currently owned by institutional investors and hedge funds.
Caterpillar, Inc. (NYSE:CAT) traded up 0.23% on Friday, reaching $113.82. 237,859 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $107.93 and its 200 day moving average price is $100.19. Caterpillar, Inc. has a 52-week low of $79.93 and a 52-week high of $114.90. The firm has a market capitalization of $67.18 billion, a PE ratio of 635.87 and a beta of 1.25.
Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.23. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The company had revenue of $11.33 billion for the quarter, compared to analyst estimates of $10.96 billion. During the same period in the prior year, the business earned $1.09 earnings per share. Caterpillar’s quarterly revenue was up 9.6% on a year-over-year basis. On average, analysts predict that Caterpillar, Inc. will post $5.18 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, August 19th. Stockholders of record on Thursday, July 20th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.75%. This is a positive change from Caterpillar’s previous quarterly dividend of $0.77. The ex-dividend date is Tuesday, July 18th. Caterpillar’s dividend payout ratio is presently 2,080.00%.
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CAT has been the topic of a number of recent research reports. BidaskClub raised shares of Caterpillar from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Axiom Securities reissued a “sell” rating on shares of Caterpillar in a report on Tuesday, June 6th. Wells Fargo & Company reissued an “outperform” rating on shares of Caterpillar in a report on Wednesday, July 26th. Raymond James Financial, Inc. raised shares of Caterpillar to a “buy” rating and set a $55.00 target price on the stock in a report on Thursday, April 27th. Finally, Credit Suisse Group set a $123.00 target price on shares of Caterpillar and gave the stock a “buy” rating in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Caterpillar has an average rating of “Hold” and a consensus target price of $106.56.
In related news, insider Bradley M. Halverson sold 182,612 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $114.05, for a total value of $20,826,898.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director William A. Osborn sold 5,000 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $113.67, for a total transaction of $568,350.00. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by corporate insiders.
Caterpillar Company Profile
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