Colony Group LLC acquired a new position in Caterpillar, Inc. (NYSE:CAT) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,675 shares of the industrial products company’s stock, valued at approximately $287,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Arcus Capital Partners LLC acquired a new stake in shares of Caterpillar during the 2nd quarter valued at $222,000. Piedmont Investment Advisors LLC boosted its stake in shares of Caterpillar by 2.7% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 139,931 shares of the industrial products company’s stock valued at $15,037,000 after buying an additional 3,704 shares during the period. BB&T Investment Services Inc. acquired a new stake in shares of Caterpillar during the 2nd quarter valued at $222,000. Albion Financial Group UT acquired a new stake in shares of Caterpillar during the 2nd quarter valued at $215,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in shares of Caterpillar by 6.9% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,597 shares of the industrial products company’s stock valued at $168,000 after buying an additional 103 shares during the period. 69.41% of the stock is owned by hedge funds and other institutional investors.

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Shares of Caterpillar, Inc. (NYSE:CAT) opened at $135.34 on Friday. The firm has a market cap of $81,678.44, a PE ratio of 24.74, a P/E/G ratio of 2.08 and a beta of 1.29. Caterpillar, Inc. has a 52 week low of $90.34 and a 52 week high of $140.44. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.44 and a quick ratio of 1.04.

Caterpillar (NYSE:CAT) last posted its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.68. The business had revenue of $11.41 billion for the quarter, compared to analysts’ expectations of $10.69 billion. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 earnings per share. equities analysts expect that Caterpillar, Inc. will post 6.4 EPS for the current year.

The firm also recently announced 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 of this dividend is Friday, October 20th. This represents a $3.12 dividend on an annualized basis and a yield of 2.31%. Caterpillar’s payout ratio is currently 216.67%.

A number of equities research analysts have issued reports 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 for the company in a research note on Thursday, August 10th. Citigroup Inc. lifted 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. Axiom Securities reaffirmed a “sell” rating on shares of Caterpillar in a research note on Thursday, July 13th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Caterpillar in a research note on Monday, September 18th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Caterpillar presently has a consensus rating of “Hold” and a consensus target price of $133.76.

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 value of $216,275.76. Following the sale, the insider now owns 11,096 shares of the company’s stock, valued at $1,526,587.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel M. Dickinson sold 3,813 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $898,487.86. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

About Caterpillar

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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