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Financial Counselors Inc. reduces its stake in Caterpillar Inc. (NYSE:CAT)

Financial Counselors Inc. reduces its stake in Caterpillar Inc. (NYSE:CAT)

According to the company’s most recent SEC filing, during the third quarter of 2018, Financial Counselors Inc. reduced its holdings in Caterpillar Inc. (NYSE: CAT) by 0.6%. The fund’s total number of shares in the stock of the industrial goods company was calculated to be 188,265 after the sale of 1,047 shares during the quarter. This brings the fund’s total number of shares to a total of 188,265 shares. The value of the Caterpillar assets owned by Financial Counselors, Inc. was determined to be $30,891,000 at the end of the most recent reporting period.

The corporation’s ownership structure has shifted due to the incorporation of additional hedge funds. During the third quarter, First Citizens Bank & Trust Company achieved a 31.8% increase in the proportion of Caterpillar stock it owned. First Citizens Bank & Trust Co. now has 11,799 shares of the industrial products company’s stock, which are currently valued at $1,936,000 after purchasing an additional 2,850 shares during the preceding quarter. This brings the total number of shares owned by the institution to 11,799. During the second quarter, Sandy Spring Bank achieved a 1.3% increase in the proportion of Caterpillar stock it owned. Sandy Spring Bank now controls 199 additional shares of the industrial products company’s stock, bringing the total number of shares they own to 15,965. This brings the total value of their holdings to $2,854,000. During the second quarter of this year, Ridgecrest Wealth Partners LLC increased its holdings in Caterpillar by 4.7%. Ridgecrest Wealth Partners LLC now owns a total of 2,227 shares of the industrial goods company’s stock, which has a value of $398,000. This is a result of purchasing an additional 100 shares during the period. During the second quarter, Lake Street Financial LLC managed to achieve a 3.9% increase in the amount of Caterpillar stock that it personally possessed. Following the acquisition of an additional 64 shares during the relevant period, Lake Street Financial LLC now holds 1,711 shares of the industrial products company’s stock. Each of these shares has a current market value of $306,000. Not to mention, during the second quarter, StrategIQ Financial Group LLC increased the amount of Caterpillar shares it owned by 2.8%, making this the last point to mention. Following the acquisition of an additional sixty shares throughout the period, StrategIQ Financial Group LLC now holds a total of 2,168 shares of the stock of the industrial goods company. The value of these shares is currently estimated to be $388,000. Institutional investors such as hedge funds and other types collectively hold 68.02% of the company’s shares as of now.

The company for which several research analysts have been working recently appeared in several reports published not too long ago. On the 12th of October, Caterpillar was brought up as a topic of discussion on StockNews.com. They recommended purchasing shares of the company as a whole. Citigroup has increased its price objective for Caterpillar from its previous level of $200.00 to the current level of $250.00, as stated in a research report made available on Wednesday, December 14th. Overweight is the rating given to Caterpillar stock by JPMorgan Chase & Co. in a research note published on Thursday, October 6th. JPMorgan Chase & Co. raised their price objective on Caterpillar from $205.00 to $220.00. In a research report published on Tuesday, Wells Fargo & Company upgraded their price objective for Caterpillar shares from $218.00 to $228.00 and classified the company’s stock as “equal weight.”

Last but not least, in a research report published on Friday, Bank of America shifted its rating for Caterpillar from “neutral” to “buy” and increased its price target from $217.00 to $295.00. There is one financial analyst who suggests buying the stock, six analysts who suggest holding onto the stock, and ten analysts who suggest selling the stock. The information discovered on Bloomberg.com indicates that the company is currently rated as having an average rating of “Moderate Buy” and has a target price of $240.06 set for itself.

On Friday, November 11th, General Counsel Suzette M. Long successfully sold 1,884 company stock, according to additional information related to this topic that was recently disclosed. The shares were sold for a total of $447,035.52, which works out to an average price of $237.28 per share divided by the number of shares sold. Following the transaction involving those shares, the company’s general counsel now directly owns 8,665 of the company’s shares, which have a combined value of $2,056,031.20. The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed entirely by following the link provided in the previous sentence. The documentation was provided to the SEC. On January 6, a company insider named Joseph E. Creed sold 18,294 shares of the company’s stock. This is just one of the latest developments in this ongoing story. The sale of the shares resulted in total revenue of $4,555,206.00, equivalent to an average price of $249 per share. If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately. In addition, 1,884 shares of the company’s stock were sold on Friday, November 11, by Suzette M. Long, who is currently employed as the company’s general counsel. The stock sale generated a total of $447,035.52 in revenue, with each share’s average price being $237.28. The general counsel now has direct ownership of 8,665 shares of the company’s stock, which together have an approximate value of $2,056,031.20 as a result of the transaction. Disclosures that are related to the sale might be found in this section of the website. Insiders of the company currently hold a total of 27% of the company’s shares and have sold 54,915 shares of company stock over the past three months, bringing in a total of $13,452,445; these sales resulted in the insiders receiving a total of $13,452,445.

Following a gain of $1.41 throughout trading on Friday, the share price of NYSE: CAT climbed up to $256.48 and reached that level. In comparison to the stock’s average volume of 3,006,644 shares traded, there were only 78,651 transactions of the stock’s shares. The stock’s simple moving average over the previous 200 days is $202.72, while the stock’s simple moving average over the previous 50 days is $236.32. The price of Caterpillar Inc. has ranged from a low of $160.60 to a high of $257.38 over the previous twelve months, with an average price of $257.38. Given the company’s current market value, which is $133.47 billion; its P/E ratio, which is 18.52; its PEG ratio, which is 1.35; and its beta value, which is 1.11, the company has adequate financial resources. The quick ratio is 0.85, the current ratio is 1.41, and the debt-to-equity ratio is 1.63. All of these numbers are expressed as a percentage. Every one of these figures is presented as a percentage.

Caterpillar, Inc. (NYSE: CAT) announced its business’s most recent quarterly results on Thursday, October 27th, after the stock market had closed for the day. The industrial goods manufacturer reported an EPS of $3.95 for the quarter, which is $0.76 more than the consensus estimate of $3.19 from analysts. Caterpillar had a return on equity of 41.76%, while the net margin for the company was 13.02%. However, the actual revenue that the company brought in for the quarter was $14.99 billion, which is a sizeable increase from the $14.34 billion that analysts anticipated it would bring in. According to estimates provided by sell-side analysts, Caterpillar Inc. is expected to generate earnings of 13.86 cents per share during the current fiscal year.

In addition, the business has recently announced a quarterly dividend, which will be paid out on the 17th of February. This date has been set in stone. On the 20th of January, registered shareholders will be eligible to receive a dividend payment of $1.20 per share. This payment will be made available. This translates to a yield of 1.87% and a dividend payment of $4.80 yearly for every shareholder. This dividend has a date associated with it that is referred to as the “ex-dividend date,” which is coming up on Thursday, January 19. Currently, 34.86% of Caterpillar’s earnings are distributed to shareholders.

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