The value of the investment in Caterpillar Inc went from $46,279,000 to $74,317,000 a change of 60.6% for the reporting period. (CAT) was a Hold - from a survey of 16 analysts. Harris Associates L P owned 2.37% of Caterpillar worth $1,048,884,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. After having $-0.23 EPS previously, Caterpillar Inc.'s analysts see -34.78 % EPS growth.
Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock.
Over the past 50 days, Caterpillar Inc. stock was -1.94% off of the high and 18.21% removed from the low. Motco now owns 989 shares of the industrial products company's stock worth $106,000 after buying an additional 718 shares during the last quarter.
Investors are feeling more bullish recently if you take a look at the downtick in short interest. Legal & General Group Plc increased its position in Caterpillar by 1.3% in the first 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, Acrospire Investment Management LLC grew its stake in shares of Caterpillar by 900.0% in the second quarter. Hedge funds and other institutional investors own 69.02% of the company's stock. UBS Asset Management Americas Inc. now owns 2,198,105 shares of the company's stock worth $166,638,000 after buying an additional 41,964 shares during the period. The shares were sold at an average price of $137.58, for a total value of $216,275.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The shares were purchased at an average price of $137.09. Following the completion of the transaction, the insider now owns 11,096 shares in the company, valued at $1,526,587.68. Insiders own 0.14% of the company's stock. American International Group Inc trimmed its stake by shedding 148,332 shares a decrease of 2.8% as of 09/30/2017. (NYSE:CAT) will grow at an accelerated rate over the next five years. The firm now has an "outperform" rating on the industrial products company's stock. The stock has a market capitalization of $81,196.54, a PE ratio of 24.59, a PEG ratio of 2.07 and a beta of 1.29. Equity analyst BMO Capital Markets raised the price target on October 26 changing the forecast from $150.00 to $165.00 with a "Outperform" recommendation. (NYSE:CAT) to report earnings on November, 14 after the close.
Wall Street analysts, on average, are forecasting the company's EPS to be 1.71, compared to 0.83 reported in the same quarter previous year. The firm earned $9.16 billion during the quarter, compared to analysts' expectations of $9.91 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The firm's quarterly revenue was up 24.6% compared to the same quarter past year. During the same quarter last year, the firm posted $0.85 earnings per share. research analysts expect that Caterpillar, Inc. will post 6.4 EPS for the current year. Shareholders of record on Monday, October 23rd will be paid a $0.78 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.79%. Caterpillar's dividend payout ratio is presently 216.67%. The stock has "Buy" rating by Vertical Research on Friday, April 15. Stifel Nicolaus raised the price target on October 25 changing the price objective from $125.00 to $145.00 and issued a "Hold" rating. Citigroup Inc. set a $82.00 target price on Caterpillar and gave the stock a "hold" rating in a report on Tuesday, August 16th. Finally, Goldman Sachs Group, Inc. Jefferies Group LLC reaffirmed a "hold" rating and set a $120.00 price objective (up from $100.00) on shares of Caterpillar in a research note on Wednesday, July 26th. Through this figure traders can analyze that CAT show whether or not a stock now most active and standing in buying side or sell side. Meanwhile, the average 12-month price target from Wall Street analysts is now $147.15, this means that the stock is underpriced by 7.217%.
TRADEMARK VIOLATION NOTICE: "Atlantic Trust LLC Has $1.13 Million Holdings in Caterpillar, Inc".