Colony Group LLC Invests $287,000 in Caterpillar, Inc. (CAT) Stock
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.
COPYRIGHT VIOLATION WARNING: This news story was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of international copyright & trademark laws. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/11/10/colony-group-llc-invests-287000-in-caterpillar-inc-cat-stock.html.
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.
Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar, Inc. (NYSE:CAT).
Receive News & Stock Ratings for Caterpillar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar Inc. and related stocks with our FREE daily email newsletter.