Caterpillar Inc. (CAT) Position Boosted by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC raised its stake in shares of Caterpillar Inc. (NYSE:CAT) by 3.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 248,895 shares of the company’s stock after buying an additional 8,975 shares during the period. Nisa Investment Advisors LLC’s holdings in Caterpillar were worth $22,094,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the stock. Capstone Asset Management Co. boosted its stake in Caterpillar by 1.8% in the third quarter. Capstone Asset Management Co. now owns 48,721 shares of the company’s stock valued at $4,325,000 after buying an additional 838 shares during the last quarter. Atria Investments LLC boosted its stake in Caterpillar by 30.8% in the third quarter. Atria Investments LLC now owns 14,606 shares of the company’s stock valued at $1,297,000 after buying an additional 3,443 shares during the last quarter. Baker Boyer National Bank purchased a new stake in Caterpillar during the third quarter valued at about $222,000. Culbertson A N & Co. Inc. boosted its stake in Caterpillar by 5.1% in the third quarter. Culbertson A N & Co. Inc. now owns 34,861 shares of the company’s stock valued at $3,095,000 after buying an additional 1,706 shares during the last quarter. Finally, Creative Planning boosted its stake in Caterpillar by 0.8% in the third quarter. Creative Planning now owns 89,720 shares of the company’s stock valued at $7,964,000 after buying an additional 714 shares during the last quarter. Hedge funds and other institutional investors own 69.19% of the company’s stock.
Caterpillar Inc. (NYSE:CAT) traded down 0.45% on Tuesday, reaching $94.47. 1,557,500 shares of the company traded hands. The company has a 50-day moving average price of $88.34 and a 200-day moving average price of $81.73. Caterpillar Inc. has a 12 month low of $56.36 and a 12 month high of $96.44. The company has a market capitalization of $55.27 billion, a P/E ratio of 91.90 and a beta of 1.30.
Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, October 25th. The company reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.09. The company earned $9.16 billion during the quarter, compared to the consensus estimate of $9.91 billion. Caterpillar had a net margin of 2.54% and a return on equity of 12.79%. The company’s revenue was down 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 EPS. Equities research analysts expect that Caterpillar Inc. will post $3.26 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Saturday, November 19th. Stockholders of record on Monday, October 24th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend was Thursday, October 20th. Caterpillar’s payout ratio is currently 179.07%.
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Several research firms recently issued reports on CAT. Vetr cut Caterpillar from a “sell” rating to a “strong sell” rating and set a $84.86 price objective on the stock. in a report on Thursday, November 24th. Credit Suisse Group AG set a $101.00 price objective on Caterpillar and gave the stock a “buy” rating in a report on Saturday, November 19th. OTR Global upgraded Caterpillar to a “positive” rating in a report on Friday, November 18th. Barclays PLC reiterated an “equal weight” rating and issued a $90.00 price objective on shares of Caterpillar in a report on Thursday, October 27th. Finally, TheStreet cut Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, October 25th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $78.07.
In other news, Director Daniel M. Dickinson sold 950 shares of the business’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $93.52, for a total value of $88,844.00. Following the completion of the sale, the director now owns 17,476 shares of the company’s stock, valued at approximately $1,634,355.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is currently owned by insiders.
Caterpillar Company Profile
Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through its three product segments: Resource Industries, Construction Industries, and Energy & Transportation. It also provides financing and related services through its Financial Products segment.
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