Atlantic Trust LLC Has $1.13 Million Holdings in Caterpillar, Inc. (CAT)
Atlantic Trust LLC grew its position in shares of Caterpillar, Inc. (NYSE:CAT) by 16.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,090 shares of the industrial products company’s stock after buying an additional 1,680 shares during the quarter. Atlantic Trust LLC’s holdings in Caterpillar were worth $1,128,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Caterpillar by 6.1% during the 2nd quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock worth $4,430,058,000 after purchasing an additional 2,377,623 shares during the period. FMR LLC grew its stake in Caterpillar by 11.7% in the 2nd quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock valued at $2,107,684,000 after acquiring an additional 2,052,300 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Caterpillar in the 1st quarter valued at about $143,490,000. Morgan Stanley grew its stake in Caterpillar by 15.1% in the 1st quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock valued at $964,579,000 after acquiring an additional 1,365,856 shares during the last quarter. Finally, Balyasny Asset Management LLC grew its stake in Caterpillar by 663.8% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,032,853 shares of the industrial products company’s stock valued at $110,990,000 after acquiring an additional 1,216,053 shares during the last quarter. Institutional investors own 69.38% of the company’s stock.
In related news, insider Lange Bob De sold 1,572 shares of Caterpillar stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $137.58, for a total transaction of $216,275.76. Following the sale, the insider now directly owns 11,096 shares in the company, valued at $1,526,587.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Daniel M. Dickinson sold 3,813 shares of Caterpillar 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 sale, the director now owns 6,554 shares in the company, valued at $898,487.86. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.
Shares of Caterpillar, Inc. (NYSE:CAT) opened at $136.53 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $81,230.00, a price-to-earnings ratio of 24.59, a price-to-earnings-growth ratio of 2.07 and a beta of 1.29. Caterpillar, Inc. has a one year low of $90.34 and a one year high of $140.44.
Caterpillar (NYSE:CAT) last posted its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.68. The company had revenue of $11.41 billion for the quarter, compared to analysts’ expectations of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period last year, the business posted $0.85 earnings per share. equities research analysts anticipate that Caterpillar, Inc. will post 6.4 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 23rd will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Friday, October 20th. Caterpillar’s payout ratio is 216.67%.
A number of equities research analysts recently commented on CAT shares. BMO Capital Markets reissued a “buy” rating and issued a $130.00 price objective on shares of Caterpillar in a research note on Friday, September 8th. Vetr cut shares of Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 price target on the stock. in a research note on Monday, September 11th. Jefferies Group LLC reaffirmed a “hold” rating and set a $100.00 price target on shares of Caterpillar in a research note on Tuesday, August 29th. Credit Suisse Group reaffirmed a “hold” rating and set a $133.00 price target on shares of Caterpillar in a research note on Friday, September 22nd. Finally, Goldman Sachs Group, Inc. (The) raised their price target on shares of Caterpillar from $143.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, October 9th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $133.92.
Caterpillar Company Profile
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