W. E. Donoghue & Co. LLC purchased a new position in shares of Caterpillar, Inc. (NYSE:CAT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 149,232 shares of the industrial products company’s stock, valued at approximately $16,036,000. Caterpillar accounts for approximately 1.8% of W. E. Donoghue & Co. LLC’s investment portfolio, making the stock its 26th biggest position.
Several other large investors also recently bought and sold shares of CAT. Vanguard Group Inc. grew its stake in Caterpillar by 6.1% in the 2nd quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock valued at $4,430,058,000 after acquiring an additional 2,377,623 shares during the last quarter. FMR LLC grew its stake in Caterpillar by 11.7% in the 2nd quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock valued at $2,107,684,000 after acquiring an additional 2,052,300 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Caterpillar in the 1st quarter valued at about $143,490,000. Morgan Stanley grew its stake in Caterpillar by 15.1% in the 1st quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock valued at $964,579,000 after acquiring an additional 1,365,856 shares during the last quarter. Finally, Balyasny Asset Management LLC grew its stake in Caterpillar by 663.8% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,032,853 shares of the industrial products company’s stock valued at $110,990,000 after acquiring an additional 1,216,053 shares during the last quarter. 69.38% of the stock is currently owned by institutional investors and hedge funds.
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In other Caterpillar news, insider Lange Bob De sold 1,572 shares of Caterpillar stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $137.58, for a total transaction of $216,275.76. Following the transaction, the insider now owns 11,096 shares of the company’s stock, valued at approximately $1,526,587.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daniel M. Dickinson sold 3,813 shares of Caterpillar stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $137.09, for a total value of $522,724.17. Following the transaction, the director now directly owns 6,554 shares in the company, valued at approximately $898,487.86. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.
A number of equities research analysts recently commented on the stock. Wells Fargo & Company reissued an “outperform” rating on shares of Caterpillar in a research note on Wednesday, July 26th. Vetr raised shares of Caterpillar from a “strong sell” rating to a “buy” rating and set a $120.03 price objective on the stock in a research note on Thursday, August 10th. Citigroup Inc. increased their price objective on shares of Caterpillar from $115.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, July 26th. Tigress Financial reissued a “buy” rating on shares of Caterpillar in a research note on Monday, September 18th. Finally, BidaskClub cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $133.92.
Shares of Caterpillar, Inc. (NYSE:CAT) opened at $137.54 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $81,226.29, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of 2.07 and a beta of 1.29. Caterpillar, Inc. has a one year low of $90.34 and a one year high of $140.44.
Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $10.69 billion. During the same period in the previous year, the business earned $0.85 earnings per share. The company’s revenue was up 24.6% on a year-over-year basis. equities research analysts anticipate that Caterpillar, Inc. will post 6.4 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, October 23rd will be paid a $0.78 dividend. The ex-dividend date is Friday, October 20th. This represents a $3.12 dividend on an annualized basis and a yield of 2.27%. Caterpillar’s dividend payout ratio is currently 216.67%.
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