Public Employees Retirement System of Ohio lifted its stake in Caterpillar, Inc. (NYSE:CAT) by 4.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 392,347 shares of the industrial products company’s stock after buying an additional 15,499 shares during the period. Public Employees Retirement System of Ohio owned about 0.07% of Caterpillar worth $42,162,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Beach Investment Management LLC. acquired a new position in shares of Caterpillar in the 2nd quarter worth approximately $231,000. NGAM Advisors L.P. raised its holdings in shares of Caterpillar by 2.9% in the 2nd quarter. NGAM Advisors L.P. now owns 81,344 shares of the industrial products company’s stock worth $8,742,000 after buying an additional 2,286 shares in the last quarter. Bank of Nova Scotia raised its holdings in shares of Caterpillar by 527.0% in the 1st quarter. Bank of Nova Scotia now owns 196,294 shares of the industrial products company’s stock worth $18,208,000 after buying an additional 164,989 shares in the last quarter. Bancorpsouth Inc. raised its holdings in shares of Caterpillar by 1.2% in the 1st 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. Finally, Point72 Asset Management L.P. acquired a new position in shares of Caterpillar in the 1st quarter worth approximately $46,917,000. 69.41% of the stock is owned by institutional investors and hedge funds.
In other Caterpillar news, Director Daniel M. Dickinson sold 3,813 shares of Caterpillar stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $137.09, for a total value of $522,724.17. Following the sale, the director now owns 6,554 shares of the company’s stock, valued at approximately $898,487.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lange Bob De sold 1,572 shares of Caterpillar stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $137.58, for a total value of $216,275.76. Following the completion of the sale, the insider now directly owns 11,096 shares in the company, valued at approximately $1,526,587.68. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.
Shares of Caterpillar, Inc. (CAT) opened at $136.48 on Friday. Caterpillar, Inc. has a 12 month low of $90.34 and a 12 month high of $140.44. The stock has a market capitalization of $81,196.59, a PE ratio of 24.59, a price-to-earnings-growth ratio of 2.07 and a beta of 1.29. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 1.58.
Caterpillar (NYSE:CAT) last released its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.68. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The firm had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $10.69 billion. During the same quarter last year, the business posted $0.85 EPS. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. equities research analysts forecast that Caterpillar, Inc. will post 6.4 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 23rd will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Friday, October 20th. Caterpillar’s dividend payout ratio is 216.67%.
CAT has been the subject of a number of recent analyst reports. Vetr cut Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 price target for the company. in a report on Monday, September 11th. Jefferies Group LLC reaffirmed a “hold” rating and set a $100.00 price target on shares of Caterpillar in a report on Tuesday, August 29th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Caterpillar in a report on Tuesday, August 29th. UBS AG raised Caterpillar from a “neutral” rating to a “buy” rating and raised their price target for the company from $116.00 to $140.00 in a report on Monday, September 18th. Finally, BMO Capital Markets raised their price target on Caterpillar from $130.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, September 14th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $133.76.
Caterpillar Company Profile
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