CHURCHILL MANAGEMENT Corp reduced its position in shares of Caterpillar Inc. (NYSE:CAT) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,390 shares of the industrial products company’s stock after selling 907 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in Caterpillar were worth $6,988,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Demars Financial Group LLC purchased a new position in Caterpillar in the second quarter valued at $28,000. Moisand Fitzgerald Tamayo LLC boosted its position in shares of Caterpillar by 317.2% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 242 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 184 shares in the last quarter. JJJ Advisors Inc. boosted its position in shares of Caterpillar by 149.0% during the 3rd quarter. JJJ Advisors Inc. now owns 249 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 149 shares in the last quarter. Riggs Asset Managment Co. Inc. increased its holdings in shares of Caterpillar by 109.3% in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 383 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 200 shares during the last quarter. Finally, RMR Wealth Builders acquired a new stake in shares of Caterpillar during the 2nd quarter worth about $44,000. 67.48% of the stock is owned by institutional investors and hedge funds.
In related news, insider William P. Ainsworth sold 12,000 shares of the firm’s stock in a transaction on Friday, October 30th. The stock was sold at an average price of $154.78, for a total transaction of $1,857,360.00. Following the transaction, the insider now directly owns 76,501 shares in the company, valued at $11,840,824.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Gary Michael Marvel sold 2,318 shares of Caterpillar stock in a transaction dated Friday, December 4th. The shares were sold at an average price of $179.50, for a total transaction of $416,081.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,318 shares of the company’s stock, valued at $416,081. The disclosure for this sale can be found here. Insiders have sold 40,531 shares of company stock valued at $6,619,389 over the last 90 days. Insiders own 0.31% of the company’s stock.
Shares of CAT stock opened at $195.89 on Thursday. The company has a current ratio of 1.54, a quick ratio of 1.08 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $106.42 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 2.15 and a beta of 0.97. The firm has a 50-day moving average price of $181.37 and a 200 day moving average price of $156.56. Caterpillar Inc. has a twelve month low of $87.50 and a twelve month high of $200.17.
Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, October 27th. The industrial products company reported $1.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.19. The company had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.78 billion. Caterpillar had a net margin of 7.60% and a return on equity of 25.24%. Caterpillar’s revenue was down 22.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.66 earnings per share. As a group, research analysts predict that Caterpillar Inc. will post 5.42 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 19th. Stockholders of record on Wednesday, January 20th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Tuesday, January 19th. This represents a $4.12 annualized dividend and a dividend yield of 2.10%. Caterpillar’s dividend payout ratio (DPR) is presently 37.25%.
Several equities analysts have commented on CAT shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Caterpillar from $171.00 to $186.00 and gave the company a “buy” rating in a research note on Wednesday, October 28th. OTR Global raised shares of Caterpillar to a “positive” rating in a research report on Monday, December 14th. Citigroup boosted their price target on shares of Caterpillar from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, September 17th. JPMorgan Chase & Co. raised their price objective on Caterpillar from $178.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, November 19th. Finally, Morgan Stanley lifted their target price on Caterpillar from $122.00 to $132.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 15th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $154.84.
Caterpillar Company Profile
Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, feller bunchers, harvesters, motorgraders, pipelayers, road reclaimers, skidders, telehandlers, and utility vehicles; backhoe, knuckleboom, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.
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