Richard Bernstein Advisors LLC held its position in Caterpillar, Inc. (NYSE:CAT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,620 shares of the industrial products company’s stock at the end of the first quarter. Richard Bernstein Advisors LLC’s holdings in Caterpillar were worth $3,211,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of CAT. Howe & Rusling Inc. boosted its position in Caterpillar by 52.0% in the first quarter. Howe & Rusling Inc. now owns 1,087 shares of the industrial products company’s stock worth $101,000 after buying an additional 372 shares during the last quarter. First Personal Financial Services boosted its position in shares of Caterpillar by 167.4% in the first quarter. First Personal Financial Services now owns 1,198 shares of the industrial products company’s stock worth $111,000 after buying an additional 750 shares in the last quarter. Financial Architects Inc boosted its position in shares of Caterpillar by 5.7% in the first quarter. Financial Architects Inc now owns 1,215 shares of the industrial products company’s stock worth $113,000 after buying an additional 65 shares in the last quarter. Advantage Investment Management LLC acquired a new position in shares of Caterpillar during the fourth quarter worth about $125,000. Finally, Ledyard National Bank boosted its position in shares of Caterpillar by 145.7% in the first quarter. Ledyard National Bank now owns 1,425 shares of the industrial products company’s stock worth $132,000 after buying an additional 845 shares in the last quarter. 70.53% of the stock is owned by institutional investors.
Caterpillar, Inc. (NYSE CAT) traded down 0.26% on Tuesday, hitting $114.41. 2,600,917 shares of the stock traded hands. The stock has a market cap of $67.52 billion, a price-to-earnings ratio of 639.16 and a beta of 1.25. Caterpillar, Inc. has a 52 week low of $79.93 and a 52 week high of $115.25. The firm’s 50 day moving average is $108.62 and its 200 day moving average is $100.47.
Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.23. The company had revenue of $11.33 billion for the quarter, compared to analysts’ expectations of $10.96 billion. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. Caterpillar’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.09 earnings per share. Equities analysts anticipate that Caterpillar, Inc. will post $5.24 earnings per share for the current 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 given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.73%. This is a boost from Caterpillar’s previous quarterly dividend of $0.77. The ex-dividend date is Tuesday, July 18th. Caterpillar’s dividend payout ratio is 2,080.00%.
A number of equities analysts have issued reports on the stock. Credit Suisse Group reissued a “buy” rating and issued a $123.00 target price on shares of Caterpillar in a report on Thursday, June 22nd. Vetr lowered shares of Caterpillar from a “sell” rating to a “strong sell” rating and set a $86.90 price target on the stock. in a research note on Tuesday, April 25th. Robert W. Baird set a $102.00 price target on shares of Caterpillar and gave the company a “hold” rating in a research note on Wednesday, April 12th. Bank of America Corporation set a $120.00 price target on shares of Caterpillar and gave the company a “buy” rating in a research note on Tuesday, June 20th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $125.00 price target on shares of Caterpillar in a research note on Sunday, July 30th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $106.56.
In other Caterpillar news, insider Bradley M. Halverson sold 182,612 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $114.05, for a total transaction of $20,826,898.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William A. Osborn sold 5,000 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $113.67, for a total transaction of $568,350.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 201,471 shares of company stock worth $22,979,332. 0.15% of the stock is owned by company insiders.
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