Altrius Capital Management Inc grew its position in Caterpillar Inc. (NYSE:CAT – Free Report) by 0.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,422 shares of the industrial products company’s stock after purchasing an additional 105 shares during the quarter. Caterpillar makes up about 1.3% of Altrius Capital Management Inc’s investment portfolio, making the stock its 28th largest holding. Altrius Capital Management Inc’s holdings in Caterpillar were worth $4,287,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Moneta Group Investment Advisors LLC lifted its position in shares of Caterpillar by 130,632.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,784,017 shares of the industrial products company’s stock valued at $2,343,859,000 after acquiring an additional 9,776,533 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Caterpillar by 2.7% in the first quarter. Geode Capital Management LLC now owns 9,375,637 shares of the industrial products company’s stock worth $2,141,148,000 after buying an additional 244,930 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its stake in Caterpillar by 98,763.3% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,679,209 shares of the industrial products company’s stock valued at $2,135,519,000 after acquiring an additional 8,670,430 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Caterpillar by 2.7% during the 2nd quarter. Fisher Asset Management LLC now owns 7,725,757 shares of the industrial products company’s stock valued at $1,900,922,000 after purchasing an additional 202,888 shares during the last quarter. Finally, Morgan Stanley increased its holdings in shares of Caterpillar by 17.2% in the fourth quarter. Morgan Stanley now owns 6,608,165 shares of the industrial products company’s stock worth $1,583,053,000 after purchasing an additional 969,222 shares during the last quarter. 69.20% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. Robert W. Baird raised their price target on Caterpillar from $183.00 to $234.00 and gave the company an “underperform” rating in a report on Wednesday, August 2nd. Wells Fargo & Company increased their price objective on shares of Caterpillar from $240.00 to $285.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 2nd. Barclays boosted their price objective on Caterpillar from $225.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 2nd. TD Cowen raised their price objective on Caterpillar from $287.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Finally, Credit Suisse Group boosted their target price on Caterpillar from $279.00 to $334.00 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $266.80.
Caterpillar Stock Performance
Shares of NYSE:CAT traded down $2.90 during midday trading on Monday, reaching $250.17. The company’s stock had a trading volume of 862,003 shares, compared to its average volume of 3,058,011. The firm has a market capitalization of $127.36 billion, a PE ratio of 14.34, a P/E/G ratio of 1.02 and a beta of 1.09. Caterpillar Inc. has a twelve month low of $204.04 and a twelve month high of $293.88. The stock has a fifty day moving average of $259.40 and a 200 day moving average of $252.78. The company has a quick ratio of 0.92, a current ratio of 1.45 and a debt-to-equity ratio of 1.18.
Caterpillar (NYSE:CAT – Get Free Report) last released its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $5.52 EPS for the quarter, topping the consensus estimate of $4.75 by $0.77. The business had revenue of $16.81 billion for the quarter, compared to analyst estimates of $16.57 billion. Caterpillar had a return on equity of 56.29% and a net margin of 13.69%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.95 EPS. On average, equities analysts expect that Caterpillar Inc. will post 20.48 EPS for the current fiscal year.
Caterpillar Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, October 23rd will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Friday, October 20th. Caterpillar’s dividend payout ratio is presently 29.46%.
Insider Activity at Caterpillar
In other news, insider Anthony D. Fassino sold 2,923 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $279.00, for a total value of $815,517.00. Following the transaction, the insider now directly owns 16,182 shares of the company’s stock, valued at $4,514,778. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.33% of the stock is owned by corporate insiders.
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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