Capital Research & Management Co has recently announced that it has increased stake in Caterpillar Inc. (NYSE:CAT) by 0.45%. After grabbing 28.93 million shares, the institutional investor is now in possession of 0.13 million shares of the Industrials Company. The new investment brought the stake of investor firm to 5.68% having worth around $8.55 billion. Moreover, Geode Capital Management LLC increased its share by 0.12 million to have a control over 9.65 million shares. And Fisher Asset Management LLC raised its holdings to 0.24 million shares by acquiring 7.97 million shares or 1.57% of the stake.
Caterpillar Inc. (CAT) concluded trading on Thursday at a closing price of $300.77, with 4.6 million shares of worth about $1.38 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 16.43% during that period and on Thursday, January 25 the price saw a gain of about 3.47%. Currently the company’s common shares owned by public are about 516.35M shares, out of which, 507.93M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 76 times over the past 12 months. They bought 341,234 shares in 34 of the transactions. In 42 selling transactions, insiders dumped 277,814 shares.
Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Washington Mutual Investors Fund are the top 3 mutual funds which are holding stakes in Caterpillar Inc. Vanguard Total Stock Market ETF is currently holding 15.98 million shares of worth totaling $4.72 billion. The company recently came selling 8979.0 shares which brought its stake up to 3.14% of the company’s outstanding shares. Vanguard 500 Index Fund bought 23644.0 shares, after which its hold over company’s outstanding shares expand to 2.45%, leaving 12.46 million shares with the mutual fund that have a worth of about $3.68 billion. Washington Mutual Investors Fund, after buying 6.58 million shares, have now control over 1.29% of the stake in the company. It holds 0.0 shares of worth $1.95 billion.
Stock saw a price change of 6.69% in past 5 days and over the past one month there was a price change of 3.59%. Year-to-date (YTD), CAT shares are showing a performance of 1.72% which increased to 16.75% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $204.04 but also hit the highest price of $299.20 during that period. The average intraday trading volume for Caterpillar Inc. shares is 3.21 million. The stock is currently trading 3.72% above its 20-day simple moving average (SMA20), while that difference is up 10.42% for SMA50 and it goes to 17.95% higher than SMA200.
Capital Research & Management Co acquired 28.93 million shares of Caterpillar Inc. having value of about $8.55 billion. Data submitted at the U.S SEC by Capital Research & Management Co revealed that the firm now holds 0.13 million shares in the company valued at close to $39224017.24, or have control over 0.45% stake in the company. Caterpillar Inc. (NYSE: CAT) currently have 516.35M outstanding shares and institutions hold larger chunk of about 71.43% of that. Holding of mutual funds in the company is about 35.67% while other institutional holders and individual stake holders have control over 35.89% and 1.18% of the stake respectively.
The stock has a current market capitalization of $153.12B and its 3Y-monthly beta is at 1.14. PE ratio of stock for trailing 12 months is 17.03, while it has posted earnings per share of $17.66 in the same period. Its PEG reads 1.35 and has Quick Ratio of 0.92 while making debt-to-equity ratio of 1.81. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CAT, volatility over the week remained 2.19% while standing at 1.88% over the month.
Analysts are in expectations that Caterpillar Inc. (CAT) stock would likely to be making an EPS of $4.75 in the current quarter, while forecast for next quarter EPS is $4.85 and it is $20.46 for next year. For the current quarter EPS, analysts have given the company a lowest target $4.35 which is $5.06 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $4.27 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 49.40% while it is estimated to decrease by -0.68% in next year. EPS is likely to shrink at an annualized rate of 12.66% for next 5-years, compared to annual growth of 58.59% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on January 08, 2024 offering an Equal-weight rating for the stock and assigned a target price of $270 to it.
