Commonwealth Equity Services Inc grew its position in shares of Caterpillar, Inc. (NYSE:CAT) by 2.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 307,399 shares of the industrial products company’s stock after purchasing an additional 7,975 shares during the period. Commonwealth Equity Services Inc owned approximately 0.05% of Caterpillar worth $38,335,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Baker Ellis Asset Management LLC bought a new stake in Caterpillar in the second quarter worth about $104,000. Motco raised its stake in shares of Caterpillar by 264.9% during the second quarter. Motco now owns 989 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 718 shares in the last quarter. Acrospire Investment Management LLC raised its stake in shares of Caterpillar by 900.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 900 shares in the last quarter. Harbour Capital Advisors LLC bought a new stake in shares of Caterpillar during the first quarter valued at approximately $107,000. Finally, Chicago Partners Investment Group LLC raised its stake in shares of Caterpillar by 75.6% during the second quarter. Chicago Partners Investment Group LLC now owns 1,152 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 496 shares in the last quarter. Institutional investors own 68.61% of the company’s stock.
Caterpillar, Inc. (NYSE:CAT) opened at $143.86 on Friday. The firm has a market cap of $85,010.07, a PE ratio of 25.75, a price-to-earnings-growth ratio of 2.16 and a beta of 1.29. Caterpillar, Inc. has a 1 year low of $90.34 and a 1 year high of $145.19. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.44 and a quick ratio of 1.04.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, October 23rd were paid a dividend of $0.78 per share. The ex-dividend date was Friday, October 20th. This represents a $3.12 annualized dividend and a yield of 2.17%. Caterpillar’s dividend payout ratio is presently 216.67%.
In related news, insider Lange Bob De sold 1,572 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $137.58, for a total transaction of $216,275.76. Following the completion of the sale, the insider now owns 11,096 shares of the company’s stock, valued at approximately $1,526,587.68. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel M. Dickinson sold 3,813 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $137.09, for a total transaction of $522,724.17. Following the completion of the sale, the director now directly owns 6,554 shares of the company’s stock, valued at approximately $898,487.86. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,989 shares of company stock valued at $7,235,850. 0.14% of the stock is owned by corporate insiders.
Several analysts have recently weighed in on CAT shares. BMO Capital Markets reaffirmed a “buy” rating and set a $130.00 price target on shares of Caterpillar in a research note on Friday, September 8th. Vetr downgraded shares of Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 price target for the company. in a research note on Monday, September 11th. Jefferies Group reaffirmed a “hold” rating and set a $100.00 price target on shares of Caterpillar in a research note on Tuesday, August 29th. Credit Suisse Group reissued a “hold” rating and set a $133.00 price objective on shares of Caterpillar in a report on Friday, September 22nd. Finally, Goldman Sachs Group lifted their price objective on shares of Caterpillar from $143.00 to $158.00 and gave the company a “buy” rating in a report on Monday, October 9th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company. Caterpillar currently has an average rating of “Hold” and an average price target of $136.41.
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