KBC Group NV Increases Position in Caterpillar, Inc. (NYSE:CAT)

Xavier Trudeau
Juillet 18, 2017

COPYRIGHT VIOLATION WARNING: "Carret Asset Management LLC Lowers Position in Caterpillar, Inc". (NYSE:CAT) during the first quarter, Holdings Channel reports. KBC Group NV's holdings in Caterpillar were worth $5,559,000 as of its most recent SEC filing. Caterpillar Inc. (CAT) shares have been seen trading -1.12% off its 52 week- peak value and changed 38.84% from its 52 week-bottom price value. Diversified Trust Co now owns 2,777 shares of the industrial products company's stock valued at $258,000 after buying an additional 53 shares during the period. Bingham Osborn & Scarborough LLC increased its position in shares of Caterpillar by 0.4% in the fourth quarter. Institutional investors own 70.68% of the company's stock. Finally, Marietta Wealth Management LLC bought a new position in Caterpillar during the fourth quarter valued at $1,309,000. Trust Investment Advisors now owns 16,080 shares of the industrial products company's stock valued at $1,492,000 after buying an additional 50 shares during the period. Atalanta Sosnoff Capital LLC raised its stake in Caterpillar by 10,770.1% in the first quarter. Swiss National Bank now owns 2,073,016 shares of the industrial products company's stock valued at $192,293,000 after buying an additional 445,900 shares during the period. First Personal Financial Services raised its stake in Caterpillar by 167.4% in the first quarter. The "percentage off the 52-week high or low" refers to when a stock current price is relative to where it has traded over the last 52 weeks. (CAT) were valued at $108.77 and moved 0.28% as of a recent closing trade. The Average Volume of the company is 4.84 Million and P/E (price to earnings) ratio is 0, while Forward P/E ratio is 20.61. Caterpillar, Inc. The stock's market capitalization is $64.08 billion. The firm has a 50 day moving average price of $104.38 and a 200-day moving average price of $97.66.

Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, April 25th. The industrial products company reported $1.28 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.62 by $0.66. The company had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.27 billion. Caterpillar's quarterly revenue was up 3.8% on a year-over-year basis. Next quarter's EPS is expected be $0.88 and the next full year EPS is anticipated to be $5.31. On average, analysts forecast that Caterpillar, Inc. will post $4.20 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, August 19th. Shareholders of record on Thursday, July 20th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Tuesday, July 18th. This represents a $3.12 annualized dividend and a yield of 2.87%. This is a boost from Caterpillar's previous quarterly dividend of $0.77. Caterpillar has a payout ratio of 75.4% meaning its dividend is now covered by earnings, but may not be in the future if the company's earnings decline. If you are viewing this piece on another publication, it was copied illegally and reposted in violation of USA and worldwide trademark & copyright legislation. The legal version of this report can be viewed at https://www.com-unik.info/2017/07/16/kbc-group-nv-increases-position-in-caterpillar-inc-nysecat.html.

Several research firms have recently issued reports on CAT. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Finally, Vetr upgraded Caterpillar from a "sell" rating to a "buy" rating and set a $107.75 target price for the company in a report on Monday, May 8th. Raymond James Financial, Inc. upgraded Caterpillar to a "buy" rating and set a $55.00 price target for the company in a report on Thursday, April 27th. Zacks Investment Research upgraded Caterpillar from a "hold" rating to a "buy" rating and set a $107.00 target price for the company in a research report on Monday, April 10th. Equity analyst Goldman Sachs both upgraded the stock and raised the price target on October 11 boosting the price target from $78.00 to $112.00 and altering the rating from "Neutral" to "Buy".

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