Alps Advisors Inc. now owns 345,841 shares of the company's stock worth $26,218,000 after buying an additional 45,798 shares during the last quarter.
Shares of Caterpillar, Inc. Hedge funds and other institutional investors own 69.38% of the company's stock. Motco increased its holdings in shares of Caterpillar by 264.9% during the second quarter. State of Tennessee Treasury Department now owns 288,338 shares of the industrial products company's stock worth $26,746,000 after purchasing an additional 106,270 shares in the last quarter. FMR LLC increased its position in Caterpillar by 11.7% in the 2nd quarter.
Risk Paradigm Group, LLC reduced its investment by selling 1,245 shares a decrease of 67.4%. As of the end of the quarter Amalgamated Bank had acquired a total of 1,493 shares growing its stake by 2.2%. Finally, Harfst & Associates Inc. bought a new position in shares of Caterpillar during the first quarter worth approximately $111,000. Invictus RG now owns 3,410 shares of the industrial products company's stock worth $425,000 after purchasing an additional 1,171 shares during the last quarter.
Caterpillar Inc. has a 12-month low of $56.36 and a 12-month high of $89.87. With short interest at 12,723,918 and short average daily volume at 5,370,662, days to cover is 2.0 and the percentage of shorted shares was 0.02% on October 31. The company has a market capitalization of $81,196.54, a price-to-earnings ratio of 24.59, a PEG ratio of 2.07 and a beta of 1.29. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 1.58. (NYSE:CAT) during the second quarter, Holdings Channel reports. The industrial products company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.68. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The business had revenue of $11.41 billion for the quarter, compared to analysts' expectations of $10.69 billion. Maria now anticipates that the industrial products company will post earnings of $6.40 per share for the year, up from their prior forecast of $5.30.
Research analysts at William Blair upped their FY2017 EPS estimates for Caterpillar in a research note issued to investors on Tuesday, according to Zacks Investment Research.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, October 24th will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend is Friday, October 20th. Caterpillar's dividend payout ratio (DPR) is now 216.67%. As of the latest earnings report the EPS was $1.44 with 594.93M shares now outstanding. The shares were sold at an average price of $137.09, for a total value of $522,724.17. Following the sale, the insider now directly owns 11,096 shares in the company, valued at approximately $1,526,587.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Director Daniel M. Dickinson let go of 3,813 shares at an average price of $137.09 on Monday the 30th. The stock now has a consensus rating of "Hold" and a consensus price target of $78.12. Following the sale, the director now owns 6,554 shares of the company's stock, valued at $898,487.86.
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CAT has been the subject of a number of other research reports. TheStreet upgraded shares of Caterpillar from a "hold" rating to a "buy" rating in a report on Friday, July 29th. The firm earned "Buy" rating on Wednesday, August 2 by Argus Research. The firm has "Buy" rating by Bank of America given on Wednesday, October 25. Deutsche Bank AG started coverage on shares of Caterpillar in a report on Tuesday, September 6th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have given a buy rating to the stock. Equity analyst Stifel Nicolaus raised the price target of the stock on October 25 changing the forecast from $125.00 to $145.00 and issued a "Hold" recommendation.