The Atlas Brown Inc. Acquires 260 Shares of Caterpillar Inc. (CAT)

The Atlas Brown Inc. Acquires 260 Shares of Caterpillar Inc. (CAT)

Other hedge funds also recently made changes to their positions in the company. Capital World Investors boosted its stake in shares of Caterpillar by 16.2% in the third quarter. Capital World Investors now owns 18,220,351 shares of the industrial products company’s stock worth $1,617,421,000 after buying an additional 2,546,164 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Caterpillar by 4.8% in the third quarter. Capital Research Global Investors now owns 17,401,260 shares of the industrial products company’s stock worth $1,544,710,000 after buying an additional 804,404 shares in the last quarter. FMR LLC boosted its stake in shares of Caterpillar by 25.8% in the fourth quarter. FMR LLC now owns 15,763,049 shares of the industrial products company’s stock worth $1,461,865,000 after buying an additional 3,228,098 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Caterpillar by 1.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 14,917,467 shares of the industrial products company’s stock worth $1,324,224,000 after buying an additional 184,591 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its stake in shares of Caterpillar by 4.1% in the third quarter. BlackRock Fund Advisors now owns 10,544,280 shares of the industrial products company’s stock worth $936,016,000 after buying an additional 414,976 shares in the last quarter. 70.97% of the stock is currently owned by institutional investors and hedge funds.

Atlas Brown Inc. increased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 5.7% during the first quarter, according to its most recent filing with the SEC. The fund owned 4,830 shares of the industrial products company’s stock after buying an additional 260 shares during the period. Atlas Brown Inc.’s holdings in Caterpillar were worth $448,000 at the end of the most recent quarter.

Shares of Caterpillar Inc. (NYSE:CAT) opened at 99.39 on Friday. The stock’s 50 day moving average price is $95.76 and its 200-day moving average price is $93.76. The stock’s market cap is $58.39 billion. Caterpillar Inc. has a 52-week low of $69.04 and a 52-week high of $105.98.

Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, April 25th. The industrial products company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.66. Caterpillar had a negative net margin of 0.17% and a positive return on equity of 13.44%. The business had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.27 billion. During the same period in the previous year, the firm earned $0.67 EPS. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, analysts predict that Caterpillar Inc. will post $3.93 earnings per share for the current fiscal year. The firm also recently announced a quarterly dividend, which will be paid on Saturday, May 20th. Investors of record on Monday, April 24th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Thursday, April 20th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.10%. Caterpillar’s payout ratio is currently -2,369.23%.

Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, April 25th. The industrial products company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.66. Caterpillar had a negative net margin of 0.17% and a positive return on equity of 13.44%. The business had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.27 billion. During the same period in the previous year, the firm earned $0.67 EPS. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, analysts predict that Caterpillar Inc. will post $3.93 earnings per share for the current fiscal year. CAT has been the subject of a number of recent research reports. Evercore ISI upgraded Caterpillar from a “hold” rating to a “buy” rating in a research note on Friday, February 10th. Credit Suisse Group AG set a $111.00 price objective on Caterpillar and gave the company a “buy” rating in a research note on Saturday, February 18th. Vetr lowered Caterpillar from a “hold” rating to a “sell” rating and set a $89.96 price objective for the company. in a research note on Tuesday, March 28th. Goldman Sachs Group Inc upgraded Caterpillar from a “buy” rating to a “conviction-buy” rating and set a $120.00 price target for the company in a research note on Tuesday, April 4th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $101.00 price target on shares of Caterpillar in a research note on Wednesday, April 26th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $92.86.

In other news, insider Lange Bob De purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, February 21st. The shares were acquired at an average price of $99.32 per share, for a total transaction of $99,320.00. Following the completion of the acquisition, the insider now directly owns 10,230 shares of the company’s stock, valued at $1,016,043.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel M. Dickinson sold 3,884 shares of the business’s stock in a transaction that occurred on Tuesday, February 14th. The shares were sold at an average price of $97.90, for a total transaction of $380,243.60. The disclosure for this sale can be found here. 0.15% of the stock is owned by insiders. About Caterpillar

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