BKD Wealth Advisors LLC Boosts Position in Caterpillar, Inc. (CAT)
BKD Wealth Advisors LLC raised its stake in shares of Caterpillar, Inc. (NYSE:CAT) by 4.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,030 shares of the industrial products company’s stock after buying an additional 915 shares during the period. BKD Wealth Advisors LLC’s holdings in Caterpillar were worth $2,583,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in CAT. Crossvault Capital Management LLC raised its stake in Caterpillar by 13.4% in the first quarter. Crossvault Capital Management LLC now owns 7,175 shares of the industrial products company’s stock valued at $666,000 after buying an additional 850 shares during the last quarter. Delta Asset Management LLC TN raised its stake in Caterpillar by 0.5% in the first quarter. Delta Asset Management LLC TN now owns 62,199 shares of the industrial products company’s stock valued at $5,770,000 after buying an additional 310 shares during the last quarter. Glen Harbor Capital Management LLC raised its stake in Caterpillar by 25.4% in the first quarter. Glen Harbor Capital Management LLC now owns 10,500 shares of the industrial products company’s stock valued at $974,000 after buying an additional 2,128 shares during the last quarter. Independent Portfolio Consultants Inc. raised its stake in Caterpillar by 49.7% in the first quarter. Independent Portfolio Consultants Inc. now owns 7,511 shares of the industrial products company’s stock valued at $697,000 after buying an additional 2,495 shares during the last quarter. Finally, B & T Capital Management DBA Alpha Capital Management raised its stake in Caterpillar by 5.1% in the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 23,821 shares of the industrial products company’s stock valued at $2,210,000 after buying an additional 1,148 shares during the last quarter. 69.22% of the stock is owned by hedge funds and other institutional investors.
Caterpillar, Inc. (NYSE:CAT) traded up 0.4961% during mid-day trading on Thursday, reaching $118.1332. The company’s stock had a trading volume of 1,521,922 shares. Caterpillar, Inc. has a 12-month low of $79.93 and a 12-month high of $118.83. The stock has a market cap of $69.81 billion, a price-to-earnings ratio of 659.9620 and a beta of 1.25. The firm’s 50 day moving average price is $112.00 and its 200 day moving average price is $102.51.
Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.23. The business had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $10.96 billion. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 earnings per share. On average, equities analysts predict that Caterpillar, Inc. will post $5.24 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, August 19th. Stockholders of record on Thursday, July 20th were given a $0.78 dividend. The ex-dividend date of this dividend was Tuesday, July 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.65%. This is an increase from Caterpillar’s previous quarterly dividend of $0.77. Caterpillar’s payout ratio is currently 2,080.00%.
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Several equities research analysts have recently commented on the stock. Vetr lowered shares of Caterpillar from a “buy” rating to a “hold” rating and set a $120.03 price target for the company. in a research report on Tuesday, August 22nd. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Caterpillar in a research report on Tuesday. Jefferies Group LLC reissued a “hold” rating and issued a $100.00 target price on shares of Caterpillar in a report on Tuesday. BidaskClub raised shares of Caterpillar from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Finally, Wells Fargo & Company reissued an “outperform” rating on shares of Caterpillar in a report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $106.20.
In related news, insider Suzette M. Long sold 13,859 shares of Caterpillar stock in a transaction on Friday, August 4th. The stock was sold at an average price of $114.30, for a total value of $1,584,083.70. Following the transaction, the insider now owns 18,188 shares in the company, valued at $2,078,888.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William A. Osborn sold 5,000 shares of Caterpillar stock in a transaction 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. In the last ninety days, insiders sold 201,471 shares of company stock valued at $22,979,332. Company insiders own 0.15% of the company’s stock.
Caterpillar Company Profile
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