Oppenheimer & Co. Inc. lowered its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 8.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,198 shares of the industrial products company's stock after selling 5,373 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Caterpillar were worth $23,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Bbjs Financial Advisors LLC purchased a new stake in shares of Caterpillar in the second quarter worth about $28,000. Financial Connections Group Inc. bought a new stake in Caterpillar in the second quarter worth about $28,000. Capital Performance Advisors LLP bought a new stake in shares of Caterpillar during the third quarter worth $36,000. Fairscale Capital LLC purchased a new position in shares of Caterpillar during the second quarter worth approximately $36,000. Finally, POM Investment Strategies LLC lifted its holdings in shares of Caterpillar by 2,160.0% in the 2nd quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company's stock worth $38,000 after buying an additional 108 shares during the period. Institutional investors own 70.98% of the company's stock.
Caterpillar Price Performance
CAT stock traded down $5.85 during trading on Wednesday, hitting $387.16. The company had a trading volume of 2,001,901 shares, compared to its average volume of 2,621,508. The firm has a market capitalization of $186.92 billion, a price-to-earnings ratio of 18.05, a P/E/G ratio of 1.94 and a beta of 1.10. The business has a 50 day moving average of $378.67 and a 200 day moving average of $353.36. Caterpillar Inc. has a fifty-two week low of $241.81 and a fifty-two week high of $418.50. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33.
Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing the consensus estimate of $5.33 by ($0.16). The company had revenue of $16.11 billion during the quarter, compared to analyst estimates of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The business's revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $5.52 EPS. As a group, research analysts predict that Caterpillar Inc. will post 21.69 earnings per share for the current year.
Caterpillar Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st will be issued a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Monday, October 21st. Caterpillar's payout ratio is 26.15%.
Insider Buying and Selling at Caterpillar
In other Caterpillar news, insider Anthony D. Fassino sold 3,185 shares of the company's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $351.36, for a total value of $1,119,081.60. Following the completion of the sale, the insider now directly owns 33,442 shares of the company's stock, valued at approximately $11,750,181.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Anthony D. Fassino sold 3,185 shares of the company's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $351.36, for a total value of $1,119,081.60. Following the transaction, the insider now owns 33,442 shares in the company, valued at $11,750,181.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Cheryl H. Johnson sold 2,975 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $342.48, for a total value of $1,018,878.00. Following the completion of the transaction, the insider now owns 15,615 shares in the company, valued at $5,347,825.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 23,749 shares of company stock valued at $9,251,912. 0.29% of the stock is owned by insiders.
Analyst Ratings Changes
CAT has been the subject of a number of analyst reports. Barclays increased their target price on shares of Caterpillar from $315.00 to $335.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 7th. StockNews.com lowered Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, September 24th. Evercore ISI lowered Caterpillar from an "in-line" rating to an "underperform" rating and raised their price objective for the company from $321.00 to $365.00 in a report on Wednesday. Robert W. Baird boosted their price target on shares of Caterpillar from $299.00 to $300.00 and gave the stock an "underperform" rating in a research report on Thursday, October 31st. Finally, Citigroup lowered their price target on shares of Caterpillar from $445.00 to $435.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $365.33.
View Our Latest Stock Report on Caterpillar
About Caterpillar
(
Free Report)
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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