Atwater Malick LLC increased its holdings in Caterpillar Inc. (NYSE:CAT) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,116 shares of the industrial products company’s stock after buying an additional 1,255 shares during the period. Caterpillar accounts for 4.0% of Atwater Malick LLC’s holdings, making the stock its 9th largest position. Atwater Malick LLC’s holdings in Caterpillar were worth $5,038,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Prestige Wealth Management Group LLC acquired a new position in Caterpillar during the second quarter valued at approximately $27,000. Private Ocean LLC raised its position in Caterpillar by 62.9% during the third quarter. Private Ocean LLC now owns 259 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 100 shares in the last quarter. G&S Capital LLC acquired a new position in Caterpillar during the third quarter valued at approximately $38,000. Evoke Wealth LLC acquired a new position in Caterpillar during the third quarter valued at approximately $38,000. Finally, Garrett Wealth Advisory Group LLC acquired a new position in shares of Caterpillar during the third quarter worth $47,000. Institutional investors and hedge funds own 64.91% of the company’s stock.
In other Caterpillar news, insider Denise C. Johnson sold 14,777 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $140.00, for a total transaction of $2,068,780.00. Following the completion of the sale, the insider now directly owns 26,464 shares of the company’s stock, valued at $3,704,960. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Gary Michael Marvel sold 2,180 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $139.38, for a total transaction of $303,848.40. Following the sale, the chief accounting officer now directly owns 2,180 shares of the company’s stock, valued at $303,848.40. The disclosure for this sale can be found here. Insiders have sold 90,122 shares of company stock valued at $13,083,041 over the last three months. 0.37% of the stock is owned by corporate insiders.
Several research analysts have recently issued reports on CAT shares. Credit Suisse Group reiterated a “buy” rating and set a $150.00 price target on shares of Caterpillar in a report on Thursday, October 24th. Wells Fargo & Co reiterated a “hold” rating on shares of Caterpillar in a report on Monday, December 9th. Bank of America reiterated a “buy” rating and set a $145.00 price target (down from $150.00) on shares of Caterpillar in a report on Monday, September 9th. ValuEngine upgraded shares of Caterpillar from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, UBS Group lowered their price target on shares of Caterpillar to $110.00 and set a “sell” rating for the company in a report on Thursday, October 24th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. Caterpillar has a consensus rating of “Hold” and an average target price of $142.38.
Shares of Caterpillar stock traded down $1.93 during trading on Tuesday, hitting $146.42. The company’s stock had a trading volume of 1,424,055 shares, compared to its average volume of 2,383,255. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.44 and a quick ratio of 0.99. Caterpillar Inc. has a 52 week low of $111.75 and a 52 week high of $150.55. The stock has a market cap of $82.04 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 1.58 and a beta of 1.52. The stock has a 50-day moving average price of $145.51 and a two-hundred day moving average price of $133.92.
Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $2.66 earnings per share for the quarter, missing the consensus estimate of $2.82 by ($0.16). Caterpillar had a net margin of 10.99% and a return on equity of 42.51%. The company had revenue of $12.76 billion for the quarter, compared to analyst estimates of $13.49 billion. During the same quarter in the prior year, the company posted $2.86 EPS. Caterpillar’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, equities analysts predict that Caterpillar Inc. will post 10.85 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.81%. Caterpillar’s payout ratio is 36.72%.
Caterpillar Company Profile
Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.
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