Private Wealth Advisors LLC Makes New $803,000 Investment in Caterpillar Inc. (NYSE:CAT)

Private Wealth Advisors LLC acquired a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,046 shares of the industrial products company's stock, valued at approximately $803,000.

A number of other hedge funds also recently bought and sold shares of CAT. International Assets Investment Management LLC increased its position in Caterpillar by 39,534.0% in the third quarter. International Assets Investment Management LLC now owns 2,136,667 shares of the industrial products company's stock worth $8,356,930,000 after buying an additional 2,131,276 shares in the last quarter. Canada Pension Plan Investment Board increased its position in Caterpillar by 306.9% in the first quarter. Canada Pension Plan Investment Board now owns 407,677 shares of the industrial products company's stock worth $149,385,000 after buying an additional 307,479 shares in the last quarter. Altshuler Shaham Ltd grew its position in shares of Caterpillar by 3,319.7% during the second quarter. Altshuler Shaham Ltd now owns 275,011 shares of the industrial products company's stock worth $91,606,000 after purchasing an additional 266,969 shares in the last quarter. Swedbank AB purchased a new stake in shares of Caterpillar during the first quarter worth about $97,042,000. Finally, Capital International Investors grew its position in shares of Caterpillar by 99.9% during the first quarter. Capital International Investors now owns 488,660 shares of the industrial products company's stock worth $179,060,000 after purchasing an additional 244,253 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

Caterpillar Trading Down 0.9 %

CAT traded down $3.46 during trading on Tuesday, hitting $393.08. 1,737,171 shares of the stock were exchanged, compared to its average volume of 2,624,332. Caterpillar Inc. has a 1 year low of $238.88 and a 1 year high of $418.50. The firm has a 50 day simple moving average of $377.62 and a 200 day simple moving average of $353.01. The firm has a market cap of $189.78 billion, a price-to-earnings ratio of 18.40, a P/E/G ratio of 1.94 and a beta of 1.10. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40.

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

Caterpillar Dividend Announcement

The company also recently declared 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 is Monday, October 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.43%. Caterpillar's dividend payout ratio is currently 26.15%.

Insiders Place Their Bets

In other Caterpillar news, insider Anthony D. Fassino sold 3,185 shares of Caterpillar stock in a transaction dated 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 completion of the transaction, the insider now owns 33,442 shares in the company, valued at approximately $11,750,181.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Caterpillar news, insider Anthony D. Fassino sold 3,185 shares of Caterpillar stock in a transaction dated 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 completion of the transaction, the insider now owns 33,442 shares in the company, valued at approximately $11,750,181.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Daniel M. Dickinson sold 1,300 shares of Caterpillar stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $418.00, for a total value of $543,400.00. Following the transaction, the director now owns 4,976 shares of the company's stock, valued at $2,079,968. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,749 shares of company stock valued at $9,251,912. 0.29% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Morgan Stanley cut Caterpillar from an "equal weight" rating to an "underweight" rating and cut their target price for the stock from $349.00 to $332.00 in a research report on Monday, October 14th. UBS Group increased their price target on Caterpillar from $285.00 to $295.00 and gave the company a "sell" rating in a research note on Monday, November 4th. Barclays increased their price target on Caterpillar from $315.00 to $335.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. raised their price objective on Caterpillar from $435.00 to $500.00 and gave the company an "overweight" rating in a research note on Monday, October 14th. Finally, StockNews.com lowered Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, September 24th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Caterpillar has an average rating of "Hold" and an average target price of $362.40.

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.