Reitz Capital Advisors LLC acquired a new position in Caterpillar Inc. (NYSE:CAT) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 900 shares of the industrial products company’s stock, valued at approximately $114,000.
Other institutional investors have also modified their holdings of the company. Wealth Quarterback LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at $14,912,310,000. Geode Capital Management LLC grew its holdings in shares of Caterpillar by 1.4% during the first quarter. Geode Capital Management LLC now owns 7,687,192 shares of the industrial products company’s stock worth $890,345,000 after purchasing an additional 102,641 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Caterpillar by 17.9% during the first quarter. Wellington Management Group LLP now owns 6,735,624 shares of the industrial products company’s stock worth $781,602,000 after purchasing an additional 1,023,938 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Caterpillar by 1.1% during the first quarter. Fisher Asset Management LLC now owns 5,609,147 shares of the industrial products company’s stock worth $650,885,000 after buying an additional 62,036 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Caterpillar during the fourth quarter worth about $754,296,000. Institutional investors own 66.80% of the company’s stock.
CAT traded up $6.31 during midday trading on Tuesday, hitting $136.88. The company had a trading volume of 6,452,997 shares, compared to its average volume of 4,542,788. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.97 and a current ratio of 1.42. The company has a market capitalization of $69.28 billion, a PE ratio of 14.50, a P/E/G ratio of 2.01 and a beta of 1.10. Caterpillar Inc. has a twelve month low of $87.50 and a twelve month high of $150.55. The firm’s 50-day simple moving average is $125.75 and its 200-day simple moving average is $124.91.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Monday, July 20th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Friday, July 17th. Caterpillar’s dividend payout ratio is 37.25%.
A number of research firms have recently issued reports on CAT. Wells Fargo & Co reduced their price target on shares of Caterpillar from $150.00 to $120.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 17th. BofA Securities raised shares of Caterpillar from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 8th. Deutsche Bank raised shares of Caterpillar from a “hold” rating to a “buy” rating and upped their price target for the stock from $126.50 to $166.00 in a research report on Tuesday, June 30th. Stifel Nicolaus raised shares of Caterpillar from a “hold” rating to a “buy” rating and decreased their price target for the stock from $140.00 to $137.00 in a research report on Monday, March 16th. Finally, Sanford C. Bernstein lowered shares of Caterpillar from an “outperform” rating to a “market perform” rating in a report on Friday, June 12th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $134.79.
Caterpillar Company Profile
Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.
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