Caterpillar, Inc. (NYSE:CAT) Shares Bought by Main Street Research LLC

Main Street Research LLC increased its position in shares of Caterpillar, Inc. (NYSE:CAT) by 6.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,402 shares of the industrial products company’s stock after buying an additional 7,130 shares during the period. Caterpillar accounts for about 2.0% of Main Street Research LLC’s investment portfolio, making the stock its 16th largest position. Main Street Research LLC’s holdings in Caterpillar were worth $12,509,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealthfront Inc. increased its position in shares of Caterpillar by 14.9% in the fourth quarter. Wealthfront Inc. now owns 15,340 shares of the industrial products company’s stock worth $1,423,000 after buying an additional 1,991 shares during the last quarter. RMB Capital Management LLC increased its position in shares of Caterpillar by 407.6% in the fourth quarter. RMB Capital Management LLC now owns 12,945 shares of the industrial products company’s stock worth $1,201,000 after buying an additional 10,395 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Caterpillar by 0.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,218,953 shares of the industrial products company’s stock worth $205,785,000 after buying an additional 14,913 shares during the last quarter. Whalerock Point Partners LLC increased its position in shares of Caterpillar by 10.6% in the fourth quarter. Whalerock Point Partners LLC now owns 17,190 shares of the industrial products company’s stock worth $1,595,000 after buying an additional 1,650 shares during the last quarter. Finally, High Point Bank & Trust Co. increased its position in shares of Caterpillar by 3.9% in the fourth quarter. High Point Bank & Trust Co. now owns 4,119 shares of the industrial products company’s stock worth $382,000 after buying an additional 155 shares during the last quarter. 70.27% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar, Inc. (CAT) traded up 0.69% on Friday, reaching $113.92. 3,875,693 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $111.03 and a 200-day moving average price of $101.77. The company has a market capitalization of $67.32 billion, a PE ratio of 636.42 and a beta of 1.25. Caterpillar, Inc. has a 1-year low of $79.93 and a 1-year high of $115.46.

Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.26 by $0.23. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The business had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $10.96 billion. During the same period in the prior year, the business posted $1.09 earnings per share. Caterpillar’s revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts anticipate that Caterpillar, Inc. will post $5.24 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, August 19th. Stockholders of record on Thursday, July 20th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.74%. This is an increase from Caterpillar’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Tuesday, July 18th. Caterpillar’s dividend payout ratio is currently 2,080.00%.

TRADEMARK VIOLATION WARNING: “Caterpillar, Inc. (NYSE:CAT) Shares Bought by Main Street Research LLC” was first reported by BNB Daily and is the property of of BNB Daily. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://www.baseball-news-blog.com/2017/08/19/main-street-research-llc-acquires-7130-shares-of-caterpillar-inc-nysecat-updated-updated-updated.html.

A number of brokerages have recently issued reports on CAT. BidaskClub downgraded shares of Caterpillar from a “hold” rating to a “sell” rating in a research report on Thursday. Vetr raised shares of Caterpillar from a “strong sell” rating to a “buy” rating and set a $120.03 target price on the stock in a research report on Thursday, August 10th. Atlantic Securities raised shares of Caterpillar from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $85.00 to $115.00 in a research report on Thursday, August 3rd. Argus reissued a “buy” rating and set a $113.10 target price (down previously from $130.00) on shares of Caterpillar in a research report on Wednesday, August 2nd. Finally, Tigress Financial raised shares of Caterpillar from a “neutral” rating to a “buy” rating in a research report on Monday, July 31st. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $107.15.

In related news, Director William A. Osborn sold 5,000 shares of the stock in a transaction dated Friday, July 28th. The stock was 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 Securities & Exchange Commission, which can be accessed through this link. Also, insider Bradley M. Halverson sold 182,612 shares of the stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $114.05, for a total value of $20,826,898.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 201,471 shares of company stock valued at $22,979,332. 0.15% of the stock is currently owned by company insiders.

Caterpillar Company Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

Receive News & Ratings for Caterpillar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply