Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Caterpillar, Inc. (NYSE:CAT) by 3.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 143,342 shares of the industrial products company’s stock after purchasing an additional 4,571 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Caterpillar were worth $17,876,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. Quadrant Capital Group LLC increased its position in Caterpillar by 10.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 128 shares in the last quarter. Baker Ellis Asset Management LLC acquired a new stake in Caterpillar during the 2nd quarter worth approximately $104,000. Motco increased its position in Caterpillar by 264.9% during the 2nd quarter. Motco now owns 989 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 718 shares in the last quarter. Harbour Capital Advisors LLC acquired a new stake in Caterpillar during the 1st quarter worth approximately $107,000. Finally, Acrospire Investment Management LLC grew its position in Caterpillar by 900.0% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 900 shares in the last quarter. 68.61% of the stock is owned by hedge funds and other institutional investors.
In related news, CFO Bradley M. Halverson sold 17,210 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $137.33, for a total transaction of $2,363,449.30. Following the transaction, the chief financial officer now directly owns 7,814 shares in the company, valued at $1,073,096.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas A. Pellette sold 24,547 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $135.69, for a total value of $3,330,782.43. The disclosure for this sale can be found here. Insiders have sold 52,989 shares of company stock valued at $7,235,850 in the last three months. Corporate insiders own 0.14% of the company’s stock.
CAT has been the subject of several recent research reports. BMO Capital Markets reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Caterpillar in a research report on Friday, September 8th. Vetr raised shares of Caterpillar from a “strong sell” rating to a “buy” rating and set a $120.03 price objective for the company in a research report on Thursday, August 10th. ValuEngine raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. UBS raised shares of Caterpillar from a “neutral” rating to a “buy” rating and increased their price objective for the company from $116.00 to $140.00 in a research report on Monday, September 18th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Caterpillar in a research report on Monday, September 18th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the stock. Caterpillar presently has a consensus rating of “Hold” and a consensus target price of $136.28.
Shares of Caterpillar, Inc. (CAT) opened at $140.34 on Thursday. Caterpillar, Inc. has a 1 year low of $90.34 and a 1 year high of $145.19. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.04 and a current ratio of 1.44. The firm has a market cap of $83,374.00, a P/E ratio of 25.25, a PEG ratio of 2.12 and a beta of 1.29.
Caterpillar (NYSE:CAT) last released its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.68. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The business had revenue of $11.41 billion during the quarter, compared to the consensus estimate of $10.69 billion. During the same quarter last year, the company earned $0.85 earnings per share. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. research analysts expect that Caterpillar, Inc. will post 6.4 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, October 23rd were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Friday, October 20th. Caterpillar’s payout ratio is currently 216.67%.
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