Jackson Square Capital LLC Increases Holdings in Caterpillar Inc. (NYSE:CAT)

Jackson Square Capital LLC increased its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 33.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,581 shares of the industrial products company's stock after purchasing an additional 4,182 shares during the period. Caterpillar accounts for about 1.6% of Jackson Square Capital LLC's holdings, making the stock its 17th biggest holding. Jackson Square Capital LLC's holdings in Caterpillar were worth $6,485,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Walkner Condon Financial Advisors LLC grew its holdings in shares of Caterpillar by 18.6% during the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 976 shares of the industrial products company's stock worth $382,000 after purchasing an additional 153 shares during the period. Baugh & Associates LLC acquired a new stake in shares of Caterpillar during the third quarter valued at about $235,000. Graypoint LLC raised its stake in shares of Caterpillar by 1.1% in the 3rd quarter. Graypoint LLC now owns 10,708 shares of the industrial products company's stock valued at $4,188,000 after acquiring an additional 118 shares during the period. Blake Schutter Theil Wealth Advisors LLC acquired a new position in shares of Caterpillar in the 3rd quarter worth approximately $282,000. Finally, Forte Capital LLC ADV boosted its position in shares of Caterpillar by 3.8% during the 3rd quarter. Forte Capital LLC ADV now owns 1,744 shares of the industrial products company's stock worth $682,000 after purchasing an additional 64 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Caterpillar

In related news, Director Gerald Johnson purchased 100 shares of the business's stock in a transaction dated Wednesday, September 4th. The stock was acquired at an average price of $338.59 per share, for a total transaction of $33,859.00. Following the completion of the purchase, the director now directly owns 2,842 shares of the company's stock, valued at $962,272.78. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Caterpillar news, CAO William E. Schaupp sold 968 shares of Caterpillar stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $380.98, for a total value of $368,788.64. Following the sale, the chief accounting officer now owns 1,686 shares of the company's stock, valued at approximately $642,332.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gerald Johnson bought 100 shares of the company's stock in a transaction on Wednesday, September 4th. The shares were acquired at an average price of $338.59 per share, for a total transaction of $33,859.00. Following the transaction, the director now directly owns 2,842 shares in the company, valued at $962,272.78. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 11,092 shares of company stock worth $4,059,378. 0.29% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on CAT shares. StockNews.com cut Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, September 24th. UBS Group increased their target price on Caterpillar from $285.00 to $295.00 and gave the stock a "sell" rating in a research note on Monday. Robert W. Baird lifted their target price on Caterpillar from $299.00 to $300.00 and gave the company an "underperform" rating in a research report on Thursday, October 31st. Barclays increased their price target on shares of Caterpillar from $315.00 to $335.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 7th. Finally, 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. Three analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Caterpillar presently has a consensus rating of "Hold" and a consensus price target of $358.19.

Caterpillar Stock Performance

Shares of CAT stock traded down $8.67 during trading hours on Thursday, hitting $408.21. The stock had a trading volume of 3,184,459 shares, compared to its average volume of 2,628,640. 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 firm has a market capitalization of $197.94 billion, a PE ratio of 18.92, a PEG ratio of 1.85 and a beta of 1.10. The stock's 50 day moving average is $376.06 and its 200 day moving average is $352.50. Caterpillar Inc. has a twelve month low of $233.82 and a twelve month high of $418.50.

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 (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The business had revenue of $16.11 billion for the quarter, compared to analysts' expectations of $16.37 billion. During the same period in the previous year, the business posted $5.52 earnings per share. The company's revenue for the quarter was down 4.2% on a year-over-year basis. As a group, research analysts forecast that Caterpillar Inc. will post 21.77 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st will be given a dividend of $1.41 per share. The ex-dividend date of this dividend is Monday, October 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.38%. Caterpillar's payout ratio is 26.15%.

Caterpillar Company Profile

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.