Caterpillar, Inc. (CAT) Position Lowered by Trust Co. of Vermont
Trust Co. of Vermont decreased its holdings in Caterpillar, Inc. (NYSE:CAT) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,698 shares of the industrial products company’s stock after selling 381 shares during the quarter. Trust Co. of Vermont’s holdings in Caterpillar were worth $2,082,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Baker Ellis Asset Management LLC acquired a new position in shares of Caterpillar in the second quarter worth about $104,000. Motco lifted its stake in shares of Caterpillar by 264.9% in the second quarter. Motco now owns 989 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 718 shares in the last quarter. Acrospire Investment Management LLC lifted its stake in shares of Caterpillar by 900.0% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 900 shares in the last quarter. Reilly Financial Advisors LLC lifted its stake in shares of Caterpillar by 92.9% in the second quarter. Reilly Financial Advisors LLC now owns 1,111 shares of the industrial products company’s stock worth $119,000 after acquiring an additional 535 shares in the last quarter. Finally, Harbour Capital Advisors LLC acquired a new position in shares of Caterpillar in the first quarter worth about $107,000. Institutional investors and hedge funds own 69.19% of the company’s stock.
Caterpillar, Inc. (NYSE CAT) opened at $136.13 on Monday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.04 and a current ratio of 1.44. The stock has a market capitalization of $80,988.32, a price-to-earnings ratio of 24.53, a price-to-earnings-growth ratio of 2.06 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 issued its quarterly 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 firm had revenue of $11.41 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company posted $0.85 EPS. equities research analysts predict that Caterpillar, Inc. will post 6.4 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 23rd will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Friday, October 20th. Caterpillar’s payout ratio is currently 216.67%.
In other Caterpillar news, insider Lange Bob De sold 1,572 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $137.58, for a total transaction of $216,275.76. Following the completion of the transaction, the insider now directly owns 11,096 shares of the company’s stock, valued at approximately $1,526,587.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Daniel M. Dickinson sold 3,813 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $137.09, for a total value of $522,724.17. Following the transaction, the director now directly owns 6,554 shares of the company’s stock, valued at $898,487.86. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.
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Several analysts have issued reports on the company. UBS AG set a $155.00 price objective on Caterpillar and gave the company a “buy” rating in a research note on Wednesday, October 25th. Stifel Nicolaus upped their price objective on Caterpillar from $125.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Royal Bank Of Canada upped their price objective on Caterpillar from $120.00 to $143.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 25th. Robert W. Baird upped their price objective on Caterpillar from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Finally, Bank of America Corporation set a $152.00 price objective on Caterpillar and gave the company a “buy” rating in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $133.92.
Caterpillar Company Profile
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