GW Henssler & Associates Ltd. increased its position in shares of Caterpillar Inc. (NYSE:CAT) by 16.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,060 shares of the company’s stock after buying an additional 700 shares during the period. GW Henssler & Associates Ltd.’s holdings in Caterpillar were worth $384,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in the stock. Parsec Financial Management Inc. raised its position in Caterpillar by 2.6% in the second quarter. Parsec Financial Management Inc. now owns 3,875 shares of the company’s stock valued at $294,000 after buying an additional 100 shares during the last quarter. First Citizens Bank & Trust Co. raised its position in Caterpillar by 3.7% in the second quarter. First Citizens Bank & Trust Co. now owns 4,633 shares of the company’s stock valued at $352,000 after buying an additional 167 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new position in Caterpillar during the second quarter valued at $791,000. Weybosset Research & Management LLC acquired a new position in Caterpillar during the second quarter valued at $220,000. Finally, Savant Capital LLC raised its position in Caterpillar by 3.6% in the second quarter. Savant Capital LLC now owns 8,995 shares of the company’s stock valued at $682,000 after buying an additional 311 shares during the last quarter. Institutional investors own 68.99% of the company’s stock.
Caterpillar Inc. (NYSE:CAT) traded down 0.43% during midday trading on Monday, hitting $87.29. 4,479,743 shares of the stock were exchanged. Caterpillar Inc. has a one year low of $56.36 and a one year high of $89.87. The company has a 50 day moving average price of $84.36 and a 200 day moving average price of $79.01. The firm has a market capitalization of $51.00 billion, a price-to-earnings ratio of 58.19 and a beta of 1.54.
Caterpillar (NYSE:CAT) last released its quarterly earnings results on Tuesday, July 26th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.13. The business earned $10.34 billion during the quarter, compared to analyst estimates of $10.06 billion. Caterpillar had a return on equity of 12.37% and a net margin of 2.64%. Caterpillar’s quarterly revenue was down 16.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.27 EPS. Equities analysts anticipate that Caterpillar Inc. will post $3.50 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, November 19th. Investors of record on Monday, October 24th will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Thursday, October 20th. Caterpillar’s payout ratio is currently 165.59%.
CAT has been the topic of several analyst reports. TheStreet raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research note on Friday, July 29th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $87.00 price target on shares of Caterpillar in a research note on Wednesday, July 13th. Deutsche Bank AG initiated coverage on shares of Caterpillar in a research note on Tuesday, September 6th. They set a “buy” rating and a $72.56 price target on the stock. Vetr raised shares of Caterpillar from a “hold” rating to a “buy” rating and set a $85.19 price target on the stock in a research note on Tuesday, September 13th. Finally, Zacks Investment Research raised shares of Caterpillar from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research note on Tuesday, September 27th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the company. Caterpillar presently has an average rating of “Hold” and an average price target of $76.48.
In related news, Director Dennis A. Muilenburg purchased 1,930 shares of the stock in a transaction that occurred on 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 owns 9,558 shares of the company’s stock, valued at approximately $790,924.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 directly owns 20,232 shares of the company’s stock, valued at $1,673,793.36. The disclosure for this sale can be found here. 0.15% of the stock is owned by corporate 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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