Citizens Financial Group Inc. RI lowered its stake in Caterpillar, Inc. (NYSE:CAT) by 21.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,496 shares of the industrial products company’s stock after selling 2,573 shares during the period. Citizens Financial Group Inc. RI’s holdings in Caterpillar were worth $880,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of CAT. Private Trust Co. NA increased its position in Caterpillar by 23.0% in the first quarter. Private Trust Co. NA now owns 7,548 shares of the industrial products company’s stock valued at $700,000 after buying an additional 1,413 shares during the period. State of Tennessee Treasury Department boosted its stake in Caterpillar by 58.4% in the first quarter. State of Tennessee Treasury Department now owns 288,338 shares of the industrial products company’s stock worth $26,746,000 after buying an additional 106,270 shares in the last quarter. Stevens Capital Management LP boosted its stake in Caterpillar by 211.0% in the first quarter. Stevens Capital Management LP now owns 153,894 shares of the industrial products company’s stock worth $14,275,000 after buying an additional 104,412 shares in the last quarter. Bancorpsouth Inc. boosted its stake in Caterpillar by 1.2% in the first quarter. Bancorpsouth Inc. now owns 5,787 shares of the industrial products company’s stock worth $537,000 after buying an additional 69 shares in the last quarter. Finally, World Asset Management Inc boosted its stake in Caterpillar by 9.5% in the first quarter. World Asset Management Inc now owns 63,392 shares of the industrial products company’s stock worth $5,880,000 after buying an additional 5,512 shares in the last quarter. Institutional investors and hedge funds own 70.27% of the company’s stock.
Shares of Caterpillar, Inc. (NYSE:CAT) traded up 0.4420% during mid-day trading on Wednesday, hitting $114.1523. The stock had a trading volume of 810,488 shares. Caterpillar, Inc. has a 1-year low of $79.93 and a 1-year high of $115.46. The stock’s 50-day moving average is $110.31 and its 200 day moving average is $101.47. The firm has a market capitalization of $67.46 billion, a price-to-earnings ratio of 637.7223 and a beta of 1.25.
Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.23. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The company had revenue of $11.33 billion during the quarter, compared to analyst estimates of $10.96 billion. During the same quarter last year, the business posted $1.09 EPS. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities research analysts predict that Caterpillar, Inc. will post $5.24 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, August 19th. Investors of record on Thursday, July 20th will be issued a dividend of $0.78 per share. This is a positive change from Caterpillar’s previous quarterly dividend of $0.77. The ex-dividend date is Tuesday, July 18th. This represents a $3.12 dividend on an annualized basis and a yield of 2.75%. Caterpillar’s dividend payout ratio (DPR) is presently 2,080.00%.
CAT has been the subject of several research reports. BidaskClub raised Caterpillar from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Axiom Securities reaffirmed a “sell” rating on shares of Caterpillar in a research note on Tuesday, June 6th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Caterpillar in a research note on Wednesday, July 26th. Raymond James Financial, Inc. upgraded Caterpillar to a “buy” rating and set a $55.00 target price on the stock in a report on Thursday, April 27th. Finally, Credit Suisse Group set a $123.00 target price on Caterpillar and gave the stock a “buy” rating in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $107.15.
In other news, Director William A. Osborn sold 5,000 shares of the business’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $113.67, for a total value of $568,350.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Suzette M. Long sold 13,859 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $114.30, for a total transaction of $1,584,083.70. Following the completion of the sale, the insider now owns 18,188 shares of the company’s stock, valued at approximately $2,078,888.40. The disclosure for this sale can be found here. Insiders have sold a total of 201,471 shares of company stock valued at $22,979,332 in the last quarter. 0.15% of the stock is currently owned by company insiders.
Caterpillar Company Profile
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