Caterpillar, Inc. (CAT) Shares Sold by Burney Co.
Burney Co. lowered its position in shares of Caterpillar, Inc. (NYSE:CAT) by 5.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,160 shares of the industrial products company’s stock after selling 1,738 shares during the period. Burney Co.’s holdings in Caterpillar were worth $2,983,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. First Interstate Bank raised its stake in Caterpillar by 30.4% in the first quarter. First Interstate Bank now owns 2,638 shares of the industrial products company’s stock worth $245,000 after buying an additional 615 shares in the last quarter. Hyman Charles D raised its stake in Caterpillar by 0.9% in the first quarter. Hyman Charles D now owns 143,703 shares of the industrial products company’s stock worth $13,330,000 after buying an additional 1,295 shares in the last quarter. Oarsman Capital Inc. raised its position in Caterpillar by 40.0% in the first quarter. Oarsman Capital Inc. now owns 4,355 shares of the industrial products company’s stock valued at $404,000 after buying an additional 1,245 shares in the last quarter. InterOcean Capital LLC raised its position in Caterpillar by 39.4% in the first quarter. InterOcean Capital LLC now owns 5,445 shares of the industrial products company’s stock valued at $505,000 after buying an additional 1,540 shares in the last quarter. Finally, AE Wealth Management LLC raised its position in Caterpillar by 99.9% in the first quarter. AE Wealth Management LLC now owns 18,660 shares of the industrial products company’s stock valued at $1,731,000 after buying an additional 9,324 shares in the last quarter. Institutional investors and hedge funds own 70.27% of the company’s stock.
Shares of Caterpillar, Inc. (CAT) traded up 0.69% on Friday, hitting $113.92. 3,875,693 shares of the stock traded hands. Caterpillar, Inc. has a 1-year low of $79.93 and a 1-year high of $115.46. The stock has a market cap of $67.32 billion, a PE ratio of 636.42 and a beta of 1.25. The stock has a 50 day moving average of $111.03 and a 200-day moving average of $101.77.
Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.23. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The company had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $10.96 billion. During the same quarter in the prior year, the firm posted $1.09 earnings per share. The firm’s revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts expect that Caterpillar, Inc. will post $5.24 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, August 19th. Investors of record on Thursday, July 20th will be issued a $0.78 dividend. The ex-dividend date is Tuesday, July 18th. This is a boost from Caterpillar’s previous quarterly dividend of $0.77. This represents a $3.12 annualized dividend and a yield of 2.74%. Caterpillar’s dividend payout ratio is presently 2,080.00%.
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CAT has been the topic of several research reports. Vetr lowered shares of Caterpillar from a “sell” rating to a “strong sell” rating and set a $86.90 price objective on the stock. in a research note on Tuesday, April 25th. Stifel Nicolaus dropped their price objective on shares of Caterpillar from $111.00 to $95.00 and set a “hold” rating on the stock in a research note on Wednesday, April 26th. Royal Bank Of Canada reissued a “hold” rating and issued a $101.00 target price on shares of Caterpillar in a research report on Wednesday, April 26th. Raymond James Financial, Inc. raised shares of Caterpillar to a “buy” rating and set a $55.00 target price for the company in a research report on Thursday, April 27th. Finally, UBS AG reissued a “neutral” rating and issued a $102.00 target price (up from $98.00) on shares of Caterpillar in a research report on Friday, April 28th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Caterpillar presently has a consensus rating of “Hold” and an average price target of $107.15.
In related news, insider Bradley M. Halverson sold 182,612 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $114.05, for a total value 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 company’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $113.67, for a total value of $568,350.00. The disclosure for this sale can be found here. Insiders sold 201,471 shares of company stock worth $22,979,332 over the last quarter. 0.15% of the stock is currently owned by company insiders.
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