Ausdal Financial Partners Inc. boosted its stake in Caterpillar Inc. (NYSE:CAT) by 7.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,570 shares of the company’s stock after buying an additional 3,246 shares during the period. Caterpillar makes up about 1.9% of Ausdal Financial Partners Inc.’s holdings, making the stock its 8th largest position. Ausdal Financial Partners Inc.’s holdings in Caterpillar were worth $3,606,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. King Wealth Management Group LLC bought a new position in shares of Caterpillar during the first quarter worth $291,000. Smith Moore & CO. bought a new position in shares of Caterpillar during the first quarter worth $574,000. AMF Pensionsforsakring AB raised its position in shares of Caterpillar by 65.9% in the first quarter. AMF Pensionsforsakring AB now owns 131,880 shares of the company’s stock worth $10,094,000 after buying an additional 52,400 shares in the last quarter. Willis Investment Counsel raised its position in shares of Caterpillar by 1.9% in the first quarter. Willis Investment Counsel now owns 210,170 shares of the company’s stock worth $16,086,000 after buying an additional 4,010 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Caterpillar by 62.9% in the first quarter. Canada Pension Plan Investment Board now owns 290,329 shares of the company’s stock worth $22,222,000 after buying an additional 112,100 shares in the last quarter. 69.03% of the stock is currently owned by institutional investors and hedge funds.
Shares of Caterpillar Inc. (NYSE:CAT) traded up 1.03% during midday trading on Friday, reaching $87.87. 2,368,310 shares of the company were exchanged. The stock’s 50-day moving average price is $84.22 and its 200-day moving average price is $78.93. The company has a market capitalization of $51.34 billion, a PE ratio of 58.58 and a beta of 1.54. Caterpillar Inc. has a 52-week low of $56.36 and a 52-week high of $89.87.
Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.13. The company had revenue of $10.34 billion for the quarter, compared to the consensus estimate of $10.06 billion. Caterpillar had a net margin of 2.64% and a return on equity of 12.37%. Caterpillar’s revenue was down 16.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.27 earnings per share. Analysts anticipate that Caterpillar Inc. will post $3.50 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, November 19th. Stockholders of record on Monday, October 24th will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.54%. The ex-dividend date is Thursday, October 20th. Caterpillar’s payout ratio is currently 165.59%.
A number of research analysts recently weighed in on CAT shares. Zacks Investment Research lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, October 4th. Axiom Securities reaffirmed a “sell” rating on shares of Caterpillar in a research note on Tuesday, August 30th. Citigroup Inc. set a $82.00 price target on shares of Caterpillar and gave the company a “hold” rating in a research note on Tuesday, August 16th. Jefferies Group reaffirmed a “hold” rating on shares of Caterpillar in a research note on Wednesday, August 3rd. Finally, Credit Suisse Group AG set a $90.00 target price on shares of Caterpillar and gave the stock a “buy” rating in a research note on Wednesday, September 28th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the company. Caterpillar currently has a consensus rating of “Hold” and an average price target of $76.48.
In other news, insider Bradley M. Halverson sold 2,841 shares of the stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $82.73, for a total value of $235,035.93. Following the completion of the sale, the insider now owns 20,232 shares of the company’s stock, valued at $1,673,793.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dennis A. Muilenburg acquired 1,930 shares of the company’s stock in a transaction dated Friday, July 29th. The stock was acquired at an average cost of $82.75 per share, with a total value of $159,707.50. Following the transaction, the director now directly owns 9,558 shares of the company’s stock, valued at $790,924.50. The disclosure for this purchase can be found here. 0.15% of the stock is currently owned by insiders.
Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through its three product segments: Resource Industries, Construction Industries, and Energy & Transportation. It also provides financing and related services through its Financial Products segment.
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