The Henderson Group PLC Sold shares of Caterpillar Inc. (CAT)

The Henderson Group PLC Sold shares of Caterpillar Inc. (CAT)

Henderson Group PLC cut its stake in Caterpillar Inc. (NYSE:CAT) by 4.3% during the second quarter, Holdings Channel reports. The institutional investor owned 111,656 shares of the company’s stock after selling 5,042 shares during the period. Henderson Group PLC’s holdings in Caterpillar were worth $8,467,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CAT. SOL Capital Management CO increased its position in Caterpillar by 1.4% in the second quarter. SOL Capital Management CO now owns 7,395 shares of the company’s stock valued at $561,000 after buying an additional 100 shares in the last quarter. GW Henssler & Associates Ltd. increased its position in Caterpillar by 16.1% in the second quarter. GW Henssler & Associates Ltd. now owns 5,060 shares of the company’s stock valued at $384,000 after buying an additional 700 shares in the last quarter. Parsec Financial Management Inc. increased its position in Caterpillar by 2.6% in the second quarter. Parsec Financial Management Inc. now owns 3,875 shares of the company’s stock valued at $294,000 after buying an additional 100 shares in the last quarter. First Citizens Bank & Trust Co. increased its position in Caterpillar by 3.7% in the second quarter. First Citizens Bank & Trust Co. now owns 4,633 shares of the company’s stock valued at $352,000 after buying an additional 167 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new position in Caterpillar during the second quarter valued at approximately $791,000. 68.99% of the stock is currently owned by institutional investors.

Shares of Caterpillar Inc. (NYSE:CAT) traded down 0.43% on Monday, hitting $87.29. 4,479,743 shares of the stock traded hands. The company has a market cap of $51.00 billion, a PE ratio of 58.19 and a beta of 1.54. The firm’s 50 day moving average is $84.36 and its 200-day moving average is $79.01. Caterpillar Inc. has a 12 month low of $56.36 and a 12 month high of $89.87.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Tuesday, July 26th. The company reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.13. Caterpillar had a return on equity of 12.37% and a net margin of 2.64%. The business earned $10.34 billion during the quarter, compared to analysts’ expectations of $10.06 billion. During the same quarter in the prior year, the business earned $1.27 earnings per share. The company’s quarterly revenue was down 16.0% compared to the same quarter last year. Equities analysts predict that Caterpillar Inc. will post $3.50 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, November 19th. Stockholders of record on Monday, October 24th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Thursday, October 20th. Caterpillar’s dividend payout ratio (DPR) is presently 165.59%.

Several research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a report on Thursday. Barclays PLC increased their target price on shares of Caterpillar from $78.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 12th. Vetr upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and set a $96.01 target price on the stock in a report on Wednesday, October 12th. Jefferies Group increased their target price on shares of Caterpillar from $72.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, October 11th. Finally, Goldman Sachs Group Inc. upgraded shares of Caterpillar from a “neutral” rating to a “buy” rating and increased their target price for the stock from $76.00 to $112.00 in a report on Tuesday, October 11th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the company. Caterpillar presently has an average rating of “Hold” and an average target price of $76.48.

In other Caterpillar news, Director Dennis A. Muilenburg acquired 1,930 shares of the business’s stock in a transaction on Friday, July 29th. The stock was purchased at an average price of $82.75 per share, for a total transaction of $159,707.50. Following the completion of the transaction, the director now owns 9,558 shares of the company’s stock, valued at approximately $790,924.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bradley M. Halverson sold 2,841 shares of the stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $82.73, for a total value of $235,035.93. Following the completion of the transaction, the insider now owns 20,232 shares of the company’s stock, valued at approximately $1,673,793.36. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock.

About Caterpillar

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.

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