Amica Pension Fund Board of Trustees continued to hold its position in shares of Caterpillar Inc. (NYSE:CAT) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,225 shares of the company’s stock at the end of the third quarter. Amica Pension Fund Board of Trustees’ holdings in Caterpillar were worth $2,239,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in CAT. Logan Capital Management Inc. raised its position in shares of Caterpillar by 0.8% in the first quarter. Logan Capital Management Inc. now owns 26,188 shares of the company’s stock valued at $2,005,000 after buying an additional 200 shares during the period. Euclid Advisors LLC acquired a new position in shares of Caterpillar during the first quarter valued at about $2,165,000. Cypress Capital Group acquired a new position in shares of Caterpillar during the first quarter valued at about $207,000. Cullinan Associates Inc. raised its position in shares of Caterpillar by 2.9% in the first quarter. Cullinan Associates Inc. now owns 24,530 shares of the company’s stock valued at $1,878,000 after buying an additional 700 shares during the period. Finally, Kovitz Investment Group Partners LLC acquired a new position in shares of Caterpillar during the first quarter valued at about $466,000. Institutional investors and hedge funds own 69.47% of the company’s stock.
Caterpillar Inc. (NYSE:CAT) traded down 0.38% during trading on Friday, hitting $95.81. The company had a trading volume of 2,006,880 shares. The firm’s 50 day moving average is $88.01 and its 200-day moving average is $81.26. Caterpillar Inc. has a 52-week low of $56.36 and a 52-week high of $96.44. The stock has a market capitalization of $56.06 billion, a price-to-earnings ratio of 93.20 and a beta of 1.30.
Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.09. Caterpillar had a net margin of 2.54% and a return on equity of 12.79%. The company earned $9.16 billion during the quarter, compared to analysts’ expectations of $9.91 billion. During the same quarter last year, the company posted $0.75 EPS. The firm’s revenue was down 16.4% compared to the same quarter last year. On average, equities analysts forecast that Caterpillar Inc. will post $3.26 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Saturday, November 19th. Shareholders of record on Monday, October 24th were given a $0.77 dividend. The ex-dividend date was Thursday, October 20th. This represents a $3.08 annualized dividend and a yield of 3.21%. Caterpillar’s dividend payout ratio is presently 179.07%.
Several research analysts have issued reports on CAT shares. Jefferies Group boosted their target price on Caterpillar from $69.00 to $72.00 and gave the company a “hold” rating in a research report on Thursday, July 28th. Morgan Stanley restated a “hold” rating and set a $67.00 target price on shares of Caterpillar in a research report on Thursday, July 28th. TheStreet upgraded Caterpillar from a “hold” rating to a “buy” rating in a report on Friday, July 29th. BMO Capital Markets reiterated a “market perform” rating and issued a $72.00 price target on shares of Caterpillar in a report on Monday, August 8th. Finally, Citigroup Inc. set a $82.00 price target on Caterpillar and gave the company a “hold” rating in a report on Tuesday, August 16th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company. Caterpillar presently has a consensus rating of “Hold” and a consensus target price of $78.07.
In other Caterpillar news, Director Daniel M. Dickinson sold 950 shares of the firm’s stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $93.52, for a total value of $88,844.00. Following the completion of the transaction, the director now owns 17,476 shares of the company’s stock, valued at approximately $1,634,355.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.15% of the stock is currently owned by company insiders.
Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through its three product segments: Resource Industries, Construction Industries, and Energy & Transportation. It also provides financing and related services through its Financial Products segment.