Beaton Management Co. Inc. Takes $565,000 Position in Caterpillar, Inc. (CAT)

Beaton Management Co. Inc. acquired a new position in shares of Caterpillar, Inc. (NYSE:CAT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,260 shares of the industrial products company’s stock, valued at approximately $565,000.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Caterpillar by 6.1% in the 2nd quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock valued at $4,430,058,000 after acquiring an additional 2,377,623 shares during the last quarter. FMR LLC increased its stake in shares of Caterpillar by 11.7% in the 2nd quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock valued at $2,107,684,000 after acquiring an additional 2,052,300 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Caterpillar in the 1st quarter valued at about $143,490,000. Morgan Stanley increased its stake in shares of Caterpillar by 15.1% in the 1st quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock valued at $964,579,000 after acquiring an additional 1,365,856 shares during the last quarter. Finally, Balyasny Asset Management LLC increased its stake in shares of Caterpillar by 663.8% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,032,853 shares of the industrial products company’s stock valued at $110,990,000 after acquiring an additional 1,216,053 shares during the last quarter. 69.38% of the stock is owned by hedge funds and other institutional investors.

Shares of Caterpillar, Inc. (NYSE:CAT) opened at $136.48 on Monday. The firm has a market capitalization of $81,196.54, a PE ratio of 24.59, a P/E/G ratio of 2.07 and a beta of 1.29. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.44 and a quick ratio of 1.04. Caterpillar, Inc. has a 12 month low of $90.34 and a 12 month high of $140.44.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.68. The business had revenue of $11.41 billion for the quarter, compared to analyst estimates of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. Caterpillar’s revenue was up 24.6% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share. equities analysts predict that Caterpillar, Inc. will post 6.4 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, October 23rd will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.29%. The ex-dividend date is Friday, October 20th. Caterpillar’s dividend payout ratio (DPR) is presently 216.67%.

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In related news, Director Daniel M. Dickinson sold 3,813 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $137.09, for a total value of $522,724.17. Following the sale, the director now directly owns 6,554 shares of the company’s stock, valued at $898,487.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lange Bob De sold 1,572 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $137.58, for a total value of $216,275.76. Following the completion of the sale, the insider now directly owns 11,096 shares in the company, valued at $1,526,587.68. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

CAT has been the subject of a number of recent analyst reports. BMO Capital Markets reaffirmed a “buy” rating and issued a $130.00 price target on shares of Caterpillar in a research note on Friday, September 8th. Vetr cut Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 price target for the company. in a research note on Monday, September 11th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $100.00 price target on shares of Caterpillar in a research note on Tuesday, August 29th. Credit Suisse Group reaffirmed a “hold” rating and issued a $133.00 price target on shares of Caterpillar in a research note on Friday, September 22nd. Finally, Goldman Sachs Group, Inc. (The) boosted their price objective on Caterpillar from $143.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, October 9th. Two equities research 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. The company has a consensus rating of “Hold” and a consensus price target of $133.92.

About Caterpillar

Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar, Inc. (NYSE:CAT).

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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