Shoker Investment Counsel Inc. bought a new position in shares of Caterpillar, Inc. (NYSE:CAT) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,607 shares of the industrial products company’s stock, valued at approximately $200,000.
Other hedge funds have also modified their holdings of the company. Quadrant Capital Group LLC grew its holdings in shares of Caterpillar by 10.6% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 128 shares during the period. Baker Ellis Asset Management LLC acquired a new stake in shares of Caterpillar in the 2nd quarter worth approximately $104,000. Motco grew its holdings in shares of Caterpillar by 264.9% in the 2nd quarter. Motco now owns 989 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 718 shares during the period. Harbour Capital Advisors LLC acquired a new stake in shares of Caterpillar in the 1st quarter worth approximately $107,000. Finally, Acrospire Investment Management LLC grew its holdings in shares of Caterpillar by 900.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 900 shares during the period. 68.61% of the stock is owned by institutional investors and hedge funds.
Shares of Caterpillar, Inc. (NYSE CAT) opened at $146.69 on Friday. Caterpillar, Inc. has a fifty-two week low of $90.34 and a fifty-two week high of $149.05. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $87,026.89, a price-to-earnings ratio of 26.36, a PEG ratio of 2.20 and a beta of 1.29.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Monday, January 22nd will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Friday, January 19th. Caterpillar’s dividend payout ratio (DPR) is 216.67%.
A number of equities research analysts recently weighed in on the company. BMO Capital Markets upped their price target on Caterpillar from $130.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, September 14th. Vetr upgraded Caterpillar from a “sell” rating to a “hold” rating and set a $131.05 price target on the stock in a report on Thursday, October 19th. Zacks Investment Research cut Caterpillar from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 26th. Argus upped their price target on Caterpillar from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Tigress Financial restated a “buy” rating on shares of Caterpillar in a report on Monday, September 18th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $139.14.
In other news, insider Thomas A. Pellette sold 24,547 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $135.69, for a total transaction of $3,330,782.43. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Bradley M. Halverson sold 17,210 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $137.33, for a total value of $2,363,449.30. Following the sale, the chief financial officer now owns 7,814 shares in the company, valued at approximately $1,073,096.62. The disclosure for this sale can be found here. Insiders have sold 52,989 shares of company stock worth $7,235,850 in the last 90 days. Insiders own 0.14% of the company’s stock.
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