OneAscent Wealth Management LLC Makes New Investment in Caterpillar Inc. (NYSE:CAT)

OneAscent Wealth Management LLC purchased a new position in Caterpillar Inc. (NYSE:CAT - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,900 shares of the industrial products company's stock, valued at approximately $743,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of CAT. Aviso Wealth Management boosted its holdings in Caterpillar by 113.2% during the third quarter. Aviso Wealth Management now owns 2,034 shares of the industrial products company's stock worth $795,000 after buying an additional 1,080 shares in the last quarter. Braun Stacey Associates Inc. boosted its stake in shares of Caterpillar by 2,277.1% during the 3rd quarter. Braun Stacey Associates Inc. now owns 33,874 shares of the industrial products company's stock worth $13,249,000 after acquiring an additional 32,449 shares in the last quarter. Richard C. Young & CO. LTD. grew its holdings in shares of Caterpillar by 0.4% in the 3rd quarter. Richard C. Young & CO. LTD. now owns 56,791 shares of the industrial products company's stock worth $22,212,000 after acquiring an additional 232 shares during the last quarter. Aljian Capital Management LLC lifted its holdings in shares of Caterpillar by 168.7% during the third quarter. Aljian Capital Management LLC now owns 5,911 shares of the industrial products company's stock valued at $2,312,000 after purchasing an additional 3,711 shares during the last quarter. Finally, S&CO Inc. boosted its position in shares of Caterpillar by 2.6% in the 3rd quarter. S&CO Inc. now owns 115,744 shares of the industrial products company's stock valued at $45,269,000 after purchasing an additional 2,940 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on CAT shares. Barclays upped their price objective on shares of Caterpillar from $315.00 to $335.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 7th. Morgan Stanley lowered shares of Caterpillar from an "equal weight" rating to an "underweight" rating and decreased their price objective for the stock from $349.00 to $332.00 in a research note on Monday, October 14th. Citigroup cut their target price on shares of Caterpillar from $445.00 to $435.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. UBS Group raised their target price on Caterpillar from $285.00 to $295.00 and gave the stock a "sell" rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. upped their price target on Caterpillar from $435.00 to $500.00 and gave the company an "overweight" rating in a research report on Monday, October 14th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $365.33.

Caterpillar Stock Up 0.1 %

NYSE:CAT traded up $0.46 during trading hours on Monday, reaching $384.53. The company's stock had a trading volume of 1,626,166 shares, compared to its average volume of 2,609,400. Caterpillar Inc. has a one year low of $241.81 and a one year high of $418.50. The business's 50-day moving average is $381.86 and its 200-day moving average is $354.37. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. The company has a market cap of $185.65 billion, a price-to-earnings ratio of 17.81, a price-to-earnings-growth ratio of 1.90 and a beta of 1.10.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing analysts' consensus estimates of $5.33 by ($0.16). The company had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The firm's revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $5.52 earnings per share. Equities research analysts predict that Caterpillar Inc. will post 21.68 EPS for the current year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, October 21st will be paid a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a yield of 1.47%. The ex-dividend date is Monday, October 21st. Caterpillar's payout ratio is currently 26.15%.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Cheryl H. Johnson sold 2,975 shares of Caterpillar stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $342.48, for a total transaction of $1,018,878.00. Following the sale, the insider now directly owns 15,615 shares of the company's stock, valued at approximately $5,347,825.20. The trade was a 16.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anthony D. Fassino sold 3,185 shares of the firm's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $351.36, for a total transaction of $1,119,081.60. Following the sale, the insider now directly owns 33,442 shares of the company's stock, valued at approximately $11,750,181.12. The trade was a 8.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,749 shares of company stock valued at $9,251,912 in the last ninety days. Company insiders own 0.29% of the company's stock.

About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.