Economy

Caterpillar Inc. (CAT) Shares Sold by Capstone Asset Management Co

Caterpillar Inc. (CAT) Shares Sold by Capstone Asset Management Co

Caterpillar is the only company we follow with a share price that remains below prior peak levels, marking a period of significant relative underperformance. Mitsubishi UFJ Kokusai Asset Management Co. Northstar Group Inc. boosted its position in shares of Caterpillar by 0.3% in the first quarter. Inc. now owns 50,212 shares of the company's stock worth $4,658,000 after buying an additional 1,490 shares during the period. Bingham Osborn & Scarborough LLC boosted its position in shares of Caterpillar by 0.4% in the fourth quarter. Integrated Wealth Management now owns 1,246 shares of the company's stock worth $111,000 after buying an additional 320 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in Caterpillar by 19.9% in the third quarter. (NYSE:CAT) stock opened its trade at $96.69 and after floating in a range of $94.66 to $96.77, settled at $94.86. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of Caterpillar by 1.3% in the third quarter. Enterprise Financial Services Corp now owns 1,204 shares of the company's stock worth $107,000 after buying an additional 79 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in Caterpillar during the third quarter worth $155,178,000.

The number of shares now held by investors is 586.49 Million.

Caterpillar Inc.'s (CAT) witnessed a loss of -2.31% in recent trading period with closing price of $ 94.86. The share price has moved backward from its 20 days moving average -0.68% and negatively from its 50 days moving average -1.69%.

Caterpillar Inc. (CAT) has a market capitalization of 55.63 Billion.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, January 26th. The business earned $9.57 billion during the quarter, compared to analyst estimates of $9.87 billion.

Caterpillar Inc. (CAT) is now showing its ROA (Return on Assets) of -0.1%. Caterpillar's revenue for the quarter was down 13.2% on a year-over-year basis. Likewise, the downbeat performance for the last quarter was -0.13% and for the full year it was 22.13%. On average, equities research analysts anticipate that Caterpillar Inc. will post $3.23 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, May 20th. Caterpillar has paid higher dividends to its shareholders for 23 consecutive years, and since 2007, the company's cash dividend has more than doubled. This represents a $3.08 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Thursday, April 20th. Caterpillar's payout ratio is now -2,369.23%.

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CAT has been the subject of several analyst reports. It has been assigned a low target price of $64 and a high target price of $120. Evercore ISI raised shares of Caterpillar from a "hold" rating to a "buy" rating in a report on Friday, February 10th. Caterpillar presently has an average rating of "Hold" and a consensus target price of $93.22. They now have a United States dollars 102 price target on the stock. (CAT). The consensus rating is 2.7, suggesting the market has given up on the stock. The brokerage now has a "hold" rating on the stock. The stock remained 1.72% volatile for the week and 1.76% for the month. The stock's 52-week range is $69.04 - $99.46. Following the completion of the purchase, the insider now directly owns 10,230 shares in the company, valued at $1,016,043.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The stock is performing -9.81% year to date. The stock was sold at an average price of $97.90, for a total transaction of $380,243.60.