Rand Wealth LLC Sells 4,647 Shares of Caterpillar, Inc. (CAT)
Rand Wealth LLC decreased its holdings in Caterpillar, Inc. (NYSE:CAT) by 6.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 63,059 shares of the industrial products company’s stock after selling 4,647 shares during the quarter. Rand Wealth LLC’s holdings in Caterpillar were worth $7,864,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Baker Ellis Asset Management LLC acquired a new stake in shares of Caterpillar during the 2nd quarter worth about $104,000. Motco increased its position in shares of Caterpillar by 264.9% during the 2nd quarter. Motco now owns 989 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 718 shares in the last quarter. Acrospire Investment Management LLC grew its holdings in Caterpillar by 900.0% during the 2nd 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 during the last quarter. Reilly Financial Advisors LLC grew its holdings in Caterpillar by 92.9% during the 2nd 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 during the last quarter. Finally, Harbour Capital Advisors LLC bought a new stake in Caterpillar during the 1st quarter worth about $107,000. Institutional investors own 69.38% of the company’s stock.
A number of equities research analysts have commented on CAT shares. BidaskClub raised shares of Caterpillar from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Seaport Global Securities started coverage on shares of Caterpillar in a report on Wednesday, September 6th. They set a “neutral” rating and a $120.00 price objective on the stock. Wells Fargo & Company reissued an “outperform” rating on shares of Caterpillar in a report on Wednesday, July 26th. Vetr lowered shares of Caterpillar from a “buy” rating to a “hold” rating and set a $120.03 price objective on the stock. in a report on Tuesday, August 22nd. Finally, Credit Suisse Group reissued an “outperform” rating and set a $146.00 price objective (up previously from $133.00) on shares of Caterpillar in a report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $133.92.
In other news, insider Lange Bob De sold 1,572 shares of Caterpillar stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $137.58, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel M. Dickinson sold 3,813 shares of Caterpillar stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $137.09, for a total transaction of $522,724.17. Following the completion of 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. 0.14% of the stock is owned by company insiders.
Shares of Caterpillar, Inc. (NYSE CAT) opened at $136.13 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 1.58. Caterpillar, Inc. has a fifty-two week low of $90.34 and a fifty-two week high of $140.44. The stock has a market cap of $80,988.38, a P/E ratio of 24.53, a PEG ratio of 2.06 and a beta of 1.29.
Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.68. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The company had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $10.69 billion. During the same period last year, the company earned $0.85 earnings per share. The firm’s revenue was up 24.6% compared to the same quarter last year. sell-side analysts predict that Caterpillar, Inc. will post 6.4 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, October 23rd will be issued a $0.78 dividend. The ex-dividend date of this dividend is Friday, October 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.29%. Caterpillar’s dividend payout ratio (DPR) is presently 216.67%.
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