Legacy Private Trust Co. decreased its position in shares of Caterpillar Inc. (NYSE:CAT) by 0.7% during the third quarter, Holdings Channel reports. The fund owned 3,120 shares of the company’s stock after selling 22 shares during the period. Legacy Private Trust Co.’s holdings in Caterpillar were worth $277,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Pittenger & Anderson Inc. increased its stake in shares of Caterpillar by 1.9% in the second quarter. Pittenger & Anderson Inc. now owns 1,325 shares of the company’s stock worth $100,000 after buying an additional 25 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of Caterpillar by 266.3% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,513 shares of the company’s stock worth $115,000 after buying an additional 1,100 shares during the last quarter. CapWealth Advisors LLC increased its stake in shares of Caterpillar by 6.3% in the second quarter. CapWealth Advisors LLC now owns 1,685 shares of the company’s stock worth $128,000 after buying an additional 100 shares during the last quarter. Archford Capital Strategies LLC increased its stake in shares of Caterpillar by 1,424.3% in the second quarter. Archford Capital Strategies LLC now owns 1,692 shares of the company’s stock worth $128,000 after buying an additional 1,581 shares during the last quarter. Finally, Assetmark Inc. increased its stake in shares of Caterpillar by 106.4% in the second quarter. Assetmark Inc. now owns 1,841 shares of the company’s stock worth $140,000 after buying an additional 949 shares during the last quarter. 69.47% of the stock is currently owned by hedge funds and other institutional investors.
Caterpillar Inc. (NYSE:CAT) traded down 0.38% on Friday, reaching $95.81. 2,006,880 shares of the company’s stock traded hands. 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 Inc. has a 52 week low of $56.36 and a 52 week high of $96.44. The firm has a 50-day moving average price of $88.15 and a 200-day moving average price of $81.44.
Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, October 25th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.09. Caterpillar had a return on equity of 12.79% and a net margin of 2.54%. The firm had revenue of $9.16 billion for the quarter, compared to analyst estimates of $9.91 billion. During the same quarter last year, the firm posted $0.75 EPS. The business’s revenue was down 16.4% on a year-over-year basis. On average, analysts predict that Caterpillar Inc. will post $3.26 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, November 19th. Stockholders of record on Monday, October 24th were given a dividend of $0.77 per share. The ex-dividend date was Thursday, October 20th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.21%. Caterpillar’s dividend payout ratio (DPR) is 179.07%.
A number of analysts have recently issued reports on CAT shares. Deutsche Bank AG began coverage on shares of Caterpillar in a report on Tuesday, September 6th. They set a “buy” rating and a $72.56 price target on the stock. Vetr raised shares of Caterpillar from a “hold” rating to a “buy” rating and set a $85.19 price objective on the stock in a report on Tuesday, September 13th. Credit Suisse Group AG reissued a “buy” rating on shares of Caterpillar in a report on Thursday, September 22nd. Zacks Investment Research raised shares of Caterpillar from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a report on Tuesday, September 27th. Finally, Goldman Sachs Group Inc. raised shares of Caterpillar from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $76.00 to $112.00 in a report on Tuesday, October 11th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company. Caterpillar has a consensus rating of “Hold” and a consensus price target of $78.07.
In other news, Director Daniel M. Dickinson sold 950 shares of the stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $93.52, for a total transaction of $88,844.00. Following the transaction, the director now owns 17,476 shares in the company, valued at approximately $1,634,355.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.15% of the company’s stock.
Caterpillar Company Profile
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.