Achmea Investment Management B.V. cut its holdings in Caterpillar Inc. (NYSE:CAT) by 10.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,224 shares of the industrial products company’s stock after selling 12,437 shares during the quarter. Achmea Investment Management B.V.’s holdings in Caterpillar were worth $16,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also bought and sold shares of CAT. Acropolis Investment Management LLC purchased a new position in shares of Caterpillar during the third quarter valued at approximately $100,000. Sound Income Strategies LLC lifted its holdings in shares of Caterpillar by 181.8% during the third quarter. Sound Income Strategies LLC now owns 665 shares of the industrial products company’s stock valued at $101,000 after purchasing an additional 429 shares during the last quarter. St. Johns Investment Management Company LLC purchased a new position in shares of Caterpillar during the third quarter valued at approximately $106,000. Avestar Capital LLC lifted its holdings in shares of Caterpillar by 92.3% during the second quarter. Avestar Capital LLC now owns 994 shares of the industrial products company’s stock valued at $109,000 after purchasing an additional 477 shares during the last quarter. Finally, Landaas & Co. WI ADV purchased a new position in shares of Caterpillar during the second quarter valued at approximately $130,000. 66.56% of the stock is currently owned by institutional investors.
Several research firms have recently issued reports on CAT. Macquarie set a $130.00 target price on shares of Caterpillar and gave the company a “sell” rating in a report on Tuesday, September 25th. Robert W. Baird set a $171.00 target price on shares of Caterpillar and gave the company a “buy” rating in a report on Wednesday, October 24th. BMO Capital Markets lowered their target price on shares of Caterpillar from $195.00 to $185.00 and set an “outperform” rating for the company in a report on Tuesday, July 31st. They noted that the move was a valuation call. Oppenheimer began coverage on shares of Caterpillar in a report on Friday, September 7th. They set a “market perform” rating for the company. They noted that the move was a valuation call. Finally, OTR Global lowered shares of Caterpillar to a “positive” rating in a report on Friday, September 21st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $158.55.
Shares of NYSE CAT opened at $126.91 on Friday. The company has a market capitalization of $76.32 billion, a P/E ratio of 18.45, a PEG ratio of 0.71 and a beta of 1.58. The company has a quick ratio of 1.02, a current ratio of 1.48 and a debt-to-equity ratio of 1.60. Caterpillar Inc. has a twelve month low of $112.06 and a twelve month high of $173.24.
Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, October 23rd. The industrial products company reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.03. The business had revenue of $13.51 billion during the quarter, compared to analyst estimates of $13.28 billion. Caterpillar had a net margin of 7.13% and a return on equity of 44.13%. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.95 EPS. Sell-side analysts expect that Caterpillar Inc. will post 11.64 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Monday, October 22nd will be paid a dividend of $0.86 per share. The ex-dividend date is Friday, October 19th. This represents a $3.44 dividend on an annualized basis and a yield of 2.71%. Caterpillar’s dividend payout ratio is presently 50.00%.
In related news, insider Lange Bob De bought 1,080 shares of the firm’s stock in a transaction on Friday, October 26th. The stock was acquired at an average cost of $115.58 per share, for a total transaction of $124,826.40. Following the purchase, the insider now owns 11,310 shares in the company, valued at $1,307,209.80. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider Denise C. Johnson sold 35,051 shares of the business’s stock in a transaction on Tuesday, October 2nd. The shares were sold at an average price of $154.18, for a total transaction of $5,404,163.18. Following the sale, the insider now owns 22,826 shares of the company’s stock, valued at $3,519,312.68. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by insiders.
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Caterpillar Company Profile
Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.
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