Sequoia Financial Advisors LLC Has $29.51 Million Position in Caterpillar Inc. (NYSE:CAT)

Sequoia Financial Advisors LLC increased its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 10.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,446 shares of the industrial products company's stock after buying an additional 7,406 shares during the period. Sequoia Financial Advisors LLC's holdings in Caterpillar were worth $29,509,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Thompson Investment Management Inc. acquired a new stake in Caterpillar in the 1st quarter worth $27,000. Bbjs Financial Advisors LLC acquired a new stake in Caterpillar during the second quarter worth about $28,000. Financial Connections Group Inc. bought a new position in Caterpillar during the second quarter valued at about $28,000. Fairman Group LLC bought a new stake in shares of Caterpillar in the 1st quarter worth approximately $29,000. Finally, Fairscale Capital LLC acquired a new stake in shares of Caterpillar during the 2nd quarter worth approximately $36,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Caterpillar news, insider Anthony D. Fassino sold 3,185 shares of the company's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $351.36, for a total value of $1,119,081.60. Following the completion of the sale, the insider now owns 33,442 shares of the company's stock, valued at approximately $11,750,181.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Caterpillar news, Director Gerald Johnson acquired 100 shares of the firm's stock in a transaction that occurred on Wednesday, September 4th. The stock was acquired at an average cost of $338.59 per share, for a total transaction of $33,859.00. Following the transaction, the director now 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 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 owns 33,442 shares in the company, valued at $11,750,181.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.

Caterpillar Trading Down 0.5 %

CAT traded down $2.00 during mid-day trading on Tuesday, reaching $388.48. The stock had a trading volume of 1,523,843 shares, compared to its average volume of 2,636,863. The stock has a market capitalization of $189.99 billion, a P/E ratio of 17.54, a P/E/G ratio of 1.85 and a beta of 1.10. Caterpillar Inc. has a 52 week low of $223.76 and a 52 week high of $403.60. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.78 and a current ratio of 1.28. The firm's fifty day simple moving average is $365.94 and its two-hundred day simple moving average is $350.37.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $5.99 EPS for the quarter, topping analysts' consensus estimates of $5.53 by $0.46. The firm had revenue of $16.69 billion during the quarter, compared to analyst estimates of $16.91 billion. Caterpillar had a return on equity of 59.88% and a net margin of 16.58%. The company's revenue was down 3.6% on a year-over-year basis. During the same period last year, the company earned $5.55 earnings per share. On average, equities analysts predict that Caterpillar Inc. will post 21.91 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, October 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.45%. Caterpillar's dividend payout ratio (DPR) is presently 25.46%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CAT shares. Raymond James started coverage on shares of Caterpillar in a research note on Friday, June 28th. They set a "market perform" rating on the stock. StockNews.com cut shares of Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, September 24th. Morgan Stanley cut shares of Caterpillar from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $349.00 to $332.00 in a research note on Monday, October 14th. Barclays increased their target price on Caterpillar from $315.00 to $335.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 7th. Finally, UBS Group boosted their price target on Caterpillar from $270.00 to $285.00 and gave the company a "sell" rating in a research note on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $355.50.

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.