Atlas Brown Inc. Raises Position in Caterpillar, Inc. (CAT)

Atlas Brown Inc. boosted its stake in Caterpillar, Inc. (NYSE:CAT) by 2.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,954 shares of the industrial products company’s stock after buying an additional 124 shares during the period. Atlas Brown Inc.’s holdings in Caterpillar were worth $532,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Howe & Rusling Inc. boosted its stake in 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 in the last quarter. Harbour Capital Advisors LLC purchased a new stake in Caterpillar during the first quarter valued at about $107,000. First Personal Financial Services boosted its stake in 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 in the last quarter. Harfst & Associates Inc. purchased a new stake in Caterpillar during the first quarter valued at about $111,000. Finally, Financial Architects Inc boosted its stake in 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 in the last quarter. Institutional investors and hedge funds own 70.53% of the company’s stock.

Shares of Caterpillar, Inc. (NYSE CAT) traded down 0.27% on Friday, reaching $112.85. 2,130,558 shares of the company were exchanged. The company has a market capitalization of $66.69 billion, a price-to-earnings ratio of 630.45 and a beta of 1.25. The company’s 50-day moving average is $109.77 and its 200-day moving average is $101.19. Caterpillar, Inc. has a 52 week low of $79.93 and a 52 week high of $115.46.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.23. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The company had revenue of $11.33 billion for the quarter, compared to the consensus estimate of $10.96 billion. During the same quarter in the prior year, the company earned $1.09 EPS. Caterpillar’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities analysts expect that Caterpillar, Inc. will post $5.24 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, August 19th. Investors of record on Thursday, July 20th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Tuesday, July 18th. This is an increase from Caterpillar’s previous quarterly dividend of $0.77. Caterpillar’s dividend payout ratio is 2,080.00%.

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CAT has been the topic of a number of research analyst reports. Bank of America Corporation raised shares of Caterpillar from a “neutral” rating to a “buy” rating and increased their price target for the stock from $105.00 to $120.00 in a report on Thursday, May 11th. Raymond James Financial, Inc. raised shares of Caterpillar to a “buy” rating and set a $55.00 price target on the stock in a report on Thursday, April 27th. Axiom Securities reissued a “sell” rating on shares of Caterpillar in a report on Friday, May 5th. Deutsche Bank AG lowered shares of Caterpillar from a “buy” rating to a “hold” rating and decreased their price target for the stock from $121.00 to $106.00 in a report on Friday, June 23rd. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $133.00 price target (up previously from $123.00) on shares of Caterpillar in a report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $107.15.

In related news, Director William A. Osborn sold 5,000 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $113.67, for a total value of $568,350.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Bradley M. Halverson sold 182,612 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $114.05, for a total transaction of $20,826,898.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 201,471 shares of company stock worth $22,979,332. 0.15% of the stock is owned by corporate insiders.

Caterpillar Company Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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