Caterpillar Inc. (CAT) Holding Held by Amica Mutual Insurance Co.

Caterpillar Inc. (CAT) Holding Held by Amica Mutual Insurance Co.

Amica Mutual Insurance Co. continued to hold its stake in shares of Caterpillar Inc. (NYSE:CAT) during the first quarter, Holdings Channel reports. The firm owned 30,559 shares of the industrial products company’s stock at the end of the first quarter. Amica Mutual Insurance Co.’s holdings in Caterpillar were worth $2,835,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Howe & Rusling Inc. raised its stake in shares of Caterpillar by 52.0% in the first quarter. Howe & Rusling Inc. now owns 1,087 shares of the industrial products company’s stock worth $101,000 after buying an additional 372 shares during the last quarter. Financial Architects Inc raised its stake in shares of Caterpillar by 5.7% in the first quarter. Financial Architects Inc now owns 1,215 shares of the industrial products company’s stock worth $113,000 after buying an additional 65 shares during the last quarter. Advantage Investment Management LLC acquired a new stake in shares of Caterpillar during the fourth quarter worth $125,000. Ledyard National Bank raised its stake in shares of Caterpillar by 145.7% in the first quarter. Ledyard National Bank now owns 1,425 shares of the industrial products company’s stock worth $132,000 after buying an additional 845 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of Caterpillar by 1.3% in the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,533 shares of the industrial products company’s stock worth $135,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 70.97% of the company’s stock.

Shares of Caterpillar Inc. (CAT) opened at 105.95 on Friday. The company’s market cap is $62.41 billion. The stock’s 50 day moving average is $101.09 and its 200-day moving average is $96.22. Caterpillar Inc. has a one year low of $70.53 and a one year high of $106.76.

Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, April 25th. The industrial products company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.66. Caterpillar had a positive return on equity of 13.44% and a negative net margin of 0.17%. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.27 billion. During the same quarter last year, the firm posted $0.67 earnings per share. The business’s revenue was up 3.8% compared to the same quarter last year. Equities research analysts expect that Caterpillar Inc. will post $4.12 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Saturday, May 20th. Shareholders of record on Monday, April 24th were paid a $0.77 dividend. The ex-dividend date of this dividend was Thursday, April 20th. This represents a $3.08 dividend on an annualized basis and a yield of 2.91%. Caterpillar’s payout ratio is -2,369.23%.

A number of equities research analysts have recently weighed in on the stock. Bank of America Corp restated a “buy” rating and issued a $120.00 price objective on shares of Caterpillar in a report on Thursday, May 25th. Raymond James Financial, Inc. upgraded shares of Caterpillar to a “buy” rating and set a $55.00 price objective for the company in a report on Thursday, April 27th. Vetr lowered shares of Caterpillar from a “sell” rating to a “strong sell” rating and set a $86.90 price objective for the company. in a report on Tuesday, April 25th. Stifel Nicolaus lowered their price objective on shares of Caterpillar from $111.00 to $95.00 and set a “hold” rating for the company in a report on Wednesday, April 26th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $101.00 price objective on shares of Caterpillar in a report on Wednesday, April 26th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $94.65.

Caterpillar Company Profile

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