Oppenheimer Asset Management Inc. Has $20.17 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Oppenheimer Asset Management Inc. lifted its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 33.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,577 shares of the industrial products company's stock after buying an additional 12,936 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Caterpillar were worth $20,173,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CAT. Smallwood Wealth Investment Management LLC increased its stake in shares of Caterpillar by 2.6% during the third quarter. Smallwood Wealth Investment Management LLC now owns 1,037 shares of the industrial products company's stock worth $405,000 after purchasing an additional 26 shares in the last quarter. First Bank & Trust increased its stake in Caterpillar by 4.0% during the 3rd quarter. First Bank & Trust now owns 709 shares of the industrial products company's stock worth $277,000 after buying an additional 27 shares during the period. Washington Trust Bank increased its position in shares of Caterpillar by 1.2% in the 3rd quarter. Washington Trust Bank now owns 2,349 shares of the industrial products company's stock valued at $919,000 after purchasing an additional 27 shares during the last quarter. Pacifica Partners Inc. boosted its holdings in shares of Caterpillar by 1.6% in the 3rd quarter. Pacifica Partners Inc. now owns 1,807 shares of the industrial products company's stock valued at $707,000 after buying an additional 28 shares in the last quarter. Finally, Vanguard Capital Wealth Advisors boosted its stake in Caterpillar by 0.8% during the 3rd quarter. Vanguard Capital Wealth Advisors now owns 3,466 shares of the industrial products company's stock worth $1,356,000 after purchasing an additional 28 shares during the period. Hedge funds and other institutional investors own 70.98% of the company's stock.

Insider Transactions at Caterpillar

In other news, CAO William E. Schaupp sold 968 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $380.98, for a total value of $368,788.64. Following the completion of the sale, the chief accounting officer now directly owns 1,686 shares of the company's stock, valued at $642,332.28. This represents a 0.00 % 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. In related news, insider Lange Bob De sold 12,657 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $410.25, for a total value of $5,192,534.25. Following the transaction, the insider now owns 71,107 shares in the company, valued at approximately $29,171,646.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO William E. Schaupp sold 968 shares of the 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 completion of the transaction, the chief accounting officer now owns 1,686 shares in the company, valued at $642,332.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,749 shares of company stock valued at $9,251,912 over the last three months. 0.29% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently commented on CAT. JPMorgan Chase & Co. raised their target price on shares of Caterpillar from $435.00 to $500.00 and gave the stock an "overweight" rating in a research note on Monday, October 14th. Bank of America raised their target price on shares of Caterpillar from $376.00 to $434.00 and gave the company a "buy" rating in a report on Monday, September 30th. Barclays raised their target price on shares of Caterpillar from $315.00 to $335.00 and gave the company an "equal weight" rating in a report on Wednesday, August 7th. Evercore ISI cut shares of Caterpillar from an "in-line" rating to an "underperform" rating and raised their price target for the stock from $321.00 to $365.00 in a research note on Wednesday. Finally, UBS Group raised their price target on shares of Caterpillar from $285.00 to $295.00 and gave the stock a "sell" rating in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Caterpillar currently has a consensus rating of "Hold" and a consensus target price of $365.33.

Caterpillar Trading Down 1.5 %

CAT stock traded down $5.85 during mid-day trading on Wednesday, reaching $387.16. 2,001,901 shares of the stock traded hands, compared to its average volume of 2,621,508. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. Caterpillar Inc. has a 52-week low of $241.81 and a 52-week high of $418.50. The company has a market cap of $186.92 billion, a P/E ratio of 18.05, a P/E/G ratio of 1.94 and a beta of 1.10. The stock's fifty day moving average is $378.67 and its 200-day moving average is $353.36.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing analysts' consensus estimates of $5.33 by ($0.16). The firm had revenue of $16.11 billion for the quarter, compared to analysts' expectations of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. Caterpillar's quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $5.52 earnings per share. As a group, sell-side analysts expect that Caterpillar Inc. will post 21.69 earnings per share for the current year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st will be given a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Monday, October 21st. Caterpillar's dividend payout ratio (DPR) is 26.15%.

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.