APG Asset Management N.V. continued to hold its stake in shares of Caterpillar, Inc. (NYSE:CAT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 752,799 shares of the industrial products company’s stock at the end of the second quarter. APG Asset Management N.V. owned 0.13% of Caterpillar worth $80,896,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. S. R. Schill & Associates increased its stake in shares of Caterpillar by 0.3% in the first quarter. S. R. Schill & Associates now owns 2,204 shares of the industrial products company’s stock worth $204,000 after buying an additional 6 shares during the period. Northstar Group Inc. increased its stake in shares of Caterpillar by 0.3% in the second quarter. Northstar Group Inc. now owns 2,385 shares of the industrial products company’s stock worth $256,000 after buying an additional 8 shares during the period. Clearbridge Investments LLC increased its stake in shares of Caterpillar by 0.3% in the first quarter. Clearbridge Investments LLC now owns 3,635 shares of the industrial products company’s stock worth $337,000 after buying an additional 10 shares during the period. Toth Financial Advisory Corp increased its stake in shares of Caterpillar by 0.3% in the second quarter. Toth Financial Advisory Corp now owns 3,915 shares of the industrial products company’s stock worth $421,000 after buying an additional 10 shares during the period. Finally, Tarbox Family Office Inc. increased its stake in shares of Caterpillar by 0.4% in the second quarter. Tarbox Family Office Inc. now owns 2,887 shares of the industrial products company’s stock worth $310,000 after buying an additional 12 shares during the period. 70.53% of the stock is owned by institutional investors and hedge funds.
Shares of Caterpillar, Inc. (CAT) traded up 0.12% during trading on Friday, hitting $113.29. The stock had a trading volume of 990,670 shares. Caterpillar, Inc. has a 12-month low of $79.93 and a 12-month high of $115.46. The stock has a 50-day moving average of $109.51 and a 200 day moving average of $101.06. The firm has a market cap of $66.95 billion, a price-to-earnings ratio of 632.91 and a beta of 1.25.
Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.23. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The company had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $10.96 billion. During the same quarter in the prior year, the business earned $1.09 earnings per share. The company’s revenue was up 9.6% compared to the same quarter last year. On average, analysts predict that Caterpillar, Inc. will post $5.24 earnings per share 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 $0.78 dividend. This is an increase from Caterpillar’s previous quarterly dividend of $0.77. The ex-dividend date is Tuesday, July 18th. This represents a $3.12 annualized dividend and a dividend yield of 2.76%. Caterpillar’s dividend payout ratio is presently 2,080.00%.
A number of brokerages have issued reports on CAT. UBS AG reaffirmed a “neutral” rating and issued a $102.00 target price (up from $98.00) on shares of Caterpillar in a research note on Friday, April 28th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Caterpillar in a research note on Wednesday, July 26th. Vetr raised Caterpillar from a “strong sell” rating to a “buy” rating and set a $120.03 target price for the company in a research note on Thursday. Axiom Securities reaffirmed a “sell” rating on shares of Caterpillar in a research note on Tuesday, June 6th. Finally, Citigroup Inc. raised their target price on Caterpillar from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Caterpillar has a consensus rating of “Hold” and a consensus price target of $107.15.
In other news, insider Bradley M. Halverson sold 182,612 shares of the company’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $114.05, for a total value of $20,826,898.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William A. Osborn sold 5,000 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $113.67, for a total value of $568,350.00. The disclosure for this sale can be found here. Insiders sold 201,471 shares of company stock valued at $22,979,332 in the last ninety days. Company insiders own 0.15% of the company’s stock.
About Caterpillar
Receive News & Ratings for Caterpillar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
