USA Financial Portformulas Corp Purchases Shares of 32,592 Caterpillar, Inc. (CAT)

USA Financial Portformulas Corp purchased a new stake in Caterpillar, Inc. (NYSE:CAT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 32,592 shares of the industrial products company’s stock, valued at approximately $3,502,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. S. R. Schill & Associates lifted its holdings in Caterpillar by 0.3% in the 1st quarter. S. R. Schill & Associates now owns 2,204 shares of the industrial products company’s stock worth $204,000 after purchasing an additional 6 shares during the last quarter. Northstar Group Inc. lifted its holdings in Caterpillar by 0.3% in the 2nd quarter. Northstar Group Inc. now owns 2,385 shares of the industrial products company’s stock worth $256,000 after purchasing an additional 8 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in Caterpillar by 0.3% in the 1st quarter. Clearbridge Investments LLC now owns 3,635 shares of the industrial products company’s stock worth $337,000 after purchasing an additional 10 shares during the last quarter. Toth Financial Advisory Corp lifted its holdings in Caterpillar by 0.3% in the 2nd quarter. Toth Financial Advisory Corp now owns 3,915 shares of the industrial products company’s stock worth $421,000 after purchasing an additional 10 shares during the last quarter. Finally, Ironwood Investment Counsel LLC lifted its holdings in Caterpillar by 0.3% in the 2nd quarter. Ironwood Investment Counsel LLC now owns 3,425 shares of the industrial products company’s stock worth $368,000 after purchasing an additional 10 shares during the last quarter. 69.38% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on CAT shares. Vetr lowered Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 target price for the company. in a report on Monday, September 11th. Jefferies Group LLC reiterated a “hold” rating and set a $100.00 price target on shares of Caterpillar in a report on Tuesday, August 29th. Royal Bank Of Canada reiterated a “hold” rating on shares of Caterpillar in a report on Tuesday, August 29th. UBS AG upgraded Caterpillar from a “neutral” rating to a “buy” rating and upped their price target for the stock from $116.00 to $140.00 in a report on Monday, September 18th. Finally, BMO Capital Markets upped their price target on Caterpillar from $130.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $133.92.

Caterpillar, Inc. (NYSE:CAT) opened at $136.53 on Tuesday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.04 and a current ratio of 1.44. Caterpillar, Inc. has a one year low of $90.34 and a one year high of $140.44. The stock has a market capitalization of $81,230.00, a price-to-earnings ratio of 24.59, a PEG ratio of 2.07 and a beta of 1.29.

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 the consensus estimate of $1.27 by $0.68. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The business had revenue of $11.41 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. analysts forecast that Caterpillar, Inc. will post 6.4 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, October 23rd will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Friday, October 20th. Caterpillar’s dividend payout ratio (DPR) is presently 216.67%.

In other news, Director Daniel M. Dickinson sold 3,813 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $137.09, for a total transaction of $522,724.17. Following the transaction, the director now owns 6,554 shares of the company’s stock, valued at $898,487.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lange Bob De sold 1,572 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 11,096 shares in the company, valued at approximately $1,526,587.68. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

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Caterpillar Company Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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