Woodstock Corp decreased its stake in Caterpillar Inc. (NYSE:CAT – Free Report) by 4.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,280 shares of the industrial products company’s stock after selling 100 shares during the period. Woodstock Corp’s holdings in Caterpillar were worth $892,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of CAT. Beacon Financial Group boosted its holdings in shares of Caterpillar by 3.9% in the 4th quarter. Beacon Financial Group now owns 1,085 shares of the industrial products company’s stock valued at $321,000 after buying an additional 41 shares in the last quarter. EP Wealth Advisors LLC raised its position in Caterpillar by 4.8% in the 4th quarter. EP Wealth Advisors LLC now owns 8,878 shares of the industrial products company’s stock valued at $2,625,000 after purchasing an additional 404 shares during the last quarter. Scarborough Advisors LLC purchased a new stake in Caterpillar in the 4th quarter valued at $77,000. Pineridge Advisors LLC purchased a new stake in Caterpillar in the 4th quarter valued at $36,000. Finally, Richardson Financial Services Inc. purchased a new stake in Caterpillar in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 70.98% of the company’s stock.
Insider Activity at Caterpillar
In other Caterpillar news, Director Gerald Johnson acquired 100 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were purchased at an average cost of $338.59 per share, with a total value of $33,859.00. Following the purchase, the director now owns 2,842 shares in the company, valued at approximately $962,272.78. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Caterpillar news, Director Gerald Johnson acquired 100 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were purchased at an average cost of $338.59 per share, with a total value of $33,859.00. Following the purchase, the director now owns 2,842 shares in the company, valued at approximately $962,272.78. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Anthony D. Fassino sold 3,185 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $351.36, for a total transaction of $1,119,081.60. Following the sale, the insider now directly owns 33,442 shares in the company, valued at $11,750,181.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,668 shares of company stock valued at $2,665,760. Insiders own 0.33% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Analysis on CAT
Caterpillar Stock Performance
Shares of CAT opened at $402.02 on Monday. The company has a 50-day simple moving average of $357.45 and a 200-day simple moving average of $349.26. The company has a quick ratio of 0.78, a current ratio of 1.28 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $196.61 billion, a PE ratio of 18.15, a P/E/G ratio of 1.85 and a beta of 1.10. Caterpillar Inc. has a 52-week low of $223.76 and a 52-week high of $403.60.
Caterpillar (NYSE:CAT – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $5.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.53 by $0.46. The business had revenue of $16.69 billion during the quarter, compared to the consensus estimate of $16.91 billion. Caterpillar had a net margin of 16.58% and a return on equity of 59.88%. The business’s revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $5.55 EPS. Equities research analysts predict that Caterpillar Inc. will post 21.91 earnings per share for the current fiscal year.
Caterpillar Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, October 21st will be paid a $1.41 dividend. The ex-dividend date of this dividend is Monday, October 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.40%. Caterpillar’s payout ratio is 25.46%.
Caterpillar Company Profile
Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.
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