Foster & Motley Inc. Purchases 245 Shares of Caterpillar Inc. (NYSE:CAT)
Foster & Motley Inc. grew its position in shares of Caterpillar Inc. (NYSE:CAT) by 8.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,267 shares of the industrial products company’s stock after purchasing an additional 245 shares during the quarter. Foster & Motley Inc.’s holdings in Caterpillar were worth $445,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of Caterpillar by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 7,022,665 shares of the industrial products company’s stock worth $890,658,000 after buying an additional 321,277 shares during the period. Norges Bank acquired a new stake in shares of Caterpillar during the 4th quarter worth approximately $733,859,000. Sanders Capital LLC grew its position in shares of Caterpillar by 60.7% during the 1st quarter. Sanders Capital LLC now owns 4,747,400 shares of the industrial products company’s stock worth $724,333,000 after buying an additional 1,792,900 shares during the period. Harris Associates L P grew its position in shares of Caterpillar by 38.8% during the 4th quarter. Harris Associates L P now owns 3,529,388 shares of the industrial products company’s stock worth $448,479,000 after buying an additional 987,103 shares during the period. Finally, Clearbridge Investments LLC grew its position in shares of Caterpillar by 12.7% during the 1st quarter. Clearbridge Investments LLC now owns 2,794,952 shares of the industrial products company’s stock worth $378,688,000 after buying an additional 314,442 shares during the period. Hedge funds and other institutional investors own 65.48% of the company’s stock.
NYSE CAT traded down $1.79 during mid-day trading on Friday, hitting $132.92. The company’s stock had a trading volume of 4,237,119 shares, compared to its average volume of 4,315,354. The firm’s 50 day moving average price is $133.26. Caterpillar Inc. has a twelve month low of $112.06 and a twelve month high of $159.37. The company has a quick ratio of 0.98, a current ratio of 1.43 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $76.01 billion, a price-to-earnings ratio of 11.85, a price-to-earnings-growth ratio of 0.93 and a beta of 1.54.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Monday, July 22nd will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, July 19th. This is a boost from Caterpillar’s previous quarterly dividend of $0.86. This represents a $4.12 annualized dividend and a yield of 3.10%. Caterpillar’s dividend payout ratio (DPR) is 36.72%.
Several analysts have recently commented on the stock. Wells Fargo & Co reaffirmed a “buy” rating and set a $125.00 price objective on shares of Tractor Supply in a research report on Thursday. Standpoint Research raised shares of CVS Health from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. Buckingham Research raised their price objective on shares of Allegiant Travel from $186.00 to $191.00 and gave the stock a “buy” rating in a research report on Thursday. UBS Group reduced their price objective on shares of Caterpillar from $125.00 to $115.00 and set a “sell” rating for the company in a research report on Tuesday, June 4th. Finally, Credit Suisse Group set a GBX 3,090 ($40.38) price objective on shares of Royal Dutch Shell and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $144.72.
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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