Alerus Financial NA acquired a new position in Caterpillar Inc. (NYSE:CAT – Get Rating) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,097 shares of the industrial products company’s stock, valued at approximately $263,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Iron Horse Wealth Management LLC lifted its stake in Caterpillar by 286.7% in the 4th quarter. Iron Horse Wealth Management LLC now owns 116 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 86 shares in the last quarter. Moisand Fitzgerald Tamayo LLC lifted its stake in Caterpillar by 44.7% in the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 136 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 42 shares in the last quarter. Richard W. Paul & Associates LLC purchased a new stake in Caterpillar in the 4th quarter worth approximately $36,000. Koesten Hirschmann & Crabtree INC. purchased a new stake in Caterpillar in the 4th quarter worth approximately $38,000. Finally, VitalStone Financial LLC purchased a new stake in Caterpillar in the 4th quarter worth approximately $43,000. 68.02% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on CAT shares. UBS Group lowered their price objective on shares of Caterpillar from $210.00 to $208.00 in a research report on Friday, April 28th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Caterpillar from $228.00 to $225.00 and set a “hold” rating on the stock in a research report on Wednesday, April 12th. Robert W. Baird lowered their price objective on shares of Caterpillar from $185.00 to $180.00 in a research report on Monday, May 8th. Stifel Nicolaus raised their price objective on shares of Caterpillar from $273.00 to $275.00 in a research report on Monday, May 1st. Finally, Tigress Financial raised their price objective on shares of Caterpillar from $266.00 to $282.00 in a research report on Wednesday, May 31st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $239.83.
Caterpillar Trading Up 1.3 %
Caterpillar (NYSE:CAT – Get Rating) last announced its earnings results on Thursday, April 27th. The industrial products company reported $4.91 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $1.12. The firm had revenue of $15.86 billion for the quarter, compared to analyst estimates of $15.27 billion. Caterpillar had a net margin of 11.52% and a return on equity of 50.98%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.88 EPS. Sell-side analysts anticipate that Caterpillar Inc. will post 17.64 EPS for the current year.
Caterpillar Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 19th. Stockholders of record on Monday, April 24th were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Friday, April 21st. Caterpillar’s payout ratio is 35.48%.
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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