Caterpillar, Inc. (CAT) Shares Bought by Bancorpsouth Inc.

Bancorpsouth Inc. increased its stake in shares of Caterpillar, Inc. (NYSE:CAT) by 1.2% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 5,787 shares of the industrial products company’s stock after buying an additional 69 shares during the period. Bancorpsouth Inc.’s holdings in Caterpillar were worth $537,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CAT. Howe & Rusling Inc. boosted its position in shares of Caterpillar by 52.0% in the first quarter. Howe & Rusling Inc. now owns 1,087 shares of the industrial products company’s stock valued at $101,000 after buying an additional 372 shares during the last quarter. First Personal Financial Services boosted its position in shares of Caterpillar by 167.4% in the first quarter. First Personal Financial Services now owns 1,198 shares of the industrial products company’s stock valued at $111,000 after buying an additional 750 shares during the last quarter. Financial Architects Inc boosted its position in shares of Caterpillar by 5.7% in the first quarter. Financial Architects Inc now owns 1,215 shares of the industrial products company’s stock valued at $113,000 after buying an additional 65 shares during the last quarter. Advantage Investment Management LLC bought a new position in shares of Caterpillar during the fourth quarter valued at about $125,000. Finally, Ledyard National Bank boosted its position in shares of Caterpillar by 145.7% in the first quarter. Ledyard National Bank now owns 1,425 shares of the industrial products company’s stock valued at $132,000 after buying an additional 845 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Caterpillar, Inc. (NYSE CAT) opened at 107.85 on Thursday. Caterpillar, Inc. has a one year low of $78.34 and a one year high of $110.00. The stock’s market capitalization is $63.53 billion. The stock’s 50 day moving average is $106.27 and its 200 day moving average is $99.00. Caterpillar also was the target of some unusual options trading on Monday. Investors bought 37,848 call options on the stock. This is an increase of approximately 377% compared to the typical volume of 7,942 call options.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, April 25th. The industrial products company reported $1.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.66. The business had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.27 billion. Caterpillar had a positive return on equity of 16.46% and a negative net margin of 0.38%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 EPS. On average, equities analysts forecast that Caterpillar, Inc. will post $4.27 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, August 19th. Investors of record on Thursday, July 20th will be paid a $0.78 dividend. This is a boost from Caterpillar’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Tuesday, July 18th. This represents a $3.12 annualized dividend and a dividend yield of 2.89%. Caterpillar’s payout ratio is presently -1,155.51%.

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CAT has been the subject of several research reports. Zacks Investment Research upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and set a $107.00 price target for the company in a research report on Monday, April 10th. Deutsche Bank AG reduced their price target on shares of Caterpillar from $108.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, April 6th. Raymond James Financial, Inc. upgraded shares of Caterpillar to a “buy” rating and set a $55.00 price target for the company in a research report on Thursday, April 27th. Vetr upgraded shares of Caterpillar from a “sell” rating to a “buy” rating and set a $107.75 price target for the company in a research report on Monday, May 8th. Finally, Bank of America Corporation upgraded shares of Caterpillar from a “neutral” rating to a “buy” rating and upped their price target for the company from $105.00 to $120.00 in a research report on Thursday, May 11th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Caterpillar has a consensus rating of “Hold” and a consensus price target of $97.72.

Caterpillar Company Profile

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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