Barnett & Company Inc. lowered its position in shares of Caterpillar, Inc. (NYSE:CAT) by 0.6% during the third quarter, Holdings Channel reports. The fund owned 25,480 shares of the company’s stock after selling 150 shares during the period. Caterpillar makes up approximately 1.2% of Barnett & Company Inc.’s portfolio, making the stock its 22nd largest position. Barnett & Company Inc.’s holdings in Caterpillar were worth $2,262,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the stock. Patten Group Inc. boosted its stake in shares of Caterpillar by 0.4% in the third quarter. Patten Group Inc. now owns 1,148 shares of the company’s stock valued at $100,000 after buying an additional 5 shares in the last quarter. American Money Management LLC raised its stake in shares of Caterpillar by 0.3% in the second quarter. American Money Management LLC now owns 3,838 shares of the company’s stock worth $291,000 after buying an additional 11 shares in the last quarter. Steinberg Global Asset Management raised its stake in shares of Caterpillar by 0.5% in the third quarter. Steinberg Global Asset Management now owns 3,042 shares of the company’s stock worth $270,000 after buying an additional 15 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of Caterpillar by 1.3% in the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,533 shares of the company’s stock worth $135,000 after buying an additional 20 shares in the last quarter. Finally, Parsec Financial Management Inc. boosted its position in Caterpillar by 0.6% in the third quarter. Parsec Financial Management Inc. now owns 3,898 shares of the company’s stock valued at $346,000 after buying an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 70.97% of the company’s stock.
Shares of Caterpillar, Inc. (NYSE:CAT) opened at 98.09 on Wednesday. The company’s 50-day moving average is $94.62 and its 200-day moving average is $89.07. The company’s market cap is $57.46 billion. Caterpillar, Inc. has a one year low of $63.07 and a one year high of $99.46.
Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, January 26th. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.17. Caterpillar had a positive return on equity of 13.44% and a negative net margin of 0.17%. The firm earned $9.57 billion during the quarter, compared to the consensus estimate of $9.87 billion. During the same period in the prior year, the company earned $0.74 EPS. The firm’s revenue was down 13.2% compared to the same quarter last year. On average, equities analysts predict that Caterpillar, Inc. will post $3.07 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, February 18th. Stockholders of record on Friday, January 20th will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date is Wednesday, January 18th. Caterpillar’s dividend payout ratio (DPR) is -2,369.23%.
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A number of analysts recently commented on the company. Vetr upgraded Caterpillar from a “buy” rating to a “strong-buy” rating and set a $109.02 price objective for the company in a research report on Monday. Evercore ISI raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Friday, February 10th. Barclays PLC upgraded shares of Caterpillar from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $100.00 to $110.00 in a research note on Tuesday, February 7th. Credit Suisse Group downgraded shares of Caterpillar to a “buy” rating in a report on Friday, January 27th. Finally, Jefferies Group LLC restated a “hold” rating and set a $85.00 target price on shares of Caterpillar in a research report on Friday, January 27th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Caterpillar presently has a consensus rating of “Hold” and a consensus target price of $87.58.
Caterpillar Company Profile
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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