Radnor Capital Management LLC Purchases New Position in Caterpillar Inc. (NYSE:CAT)

Radnor Capital Management LLC bought a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,362 shares of the industrial products company's stock, valued at approximately $3,271,000.

Several other large investors also recently added to or reduced their stakes in CAT. Financial Security Advisor Inc. purchased a new stake in Caterpillar during the 3rd quarter valued at $203,000. Catalina Capital Group LLC boosted its stake in shares of Caterpillar by 10.1% during the 3rd quarter. Catalina Capital Group LLC now owns 2,691 shares of the industrial products company's stock worth $1,053,000 after purchasing an additional 246 shares during the period. Balentine LLC boosted its position in shares of Caterpillar by 389.7% during the third quarter. Balentine LLC now owns 3,359 shares of the industrial products company's stock valued at $1,314,000 after buying an additional 2,673 shares during the period. Focused Wealth Management Inc boosted its holdings in Caterpillar by 0.6% during the 3rd quarter. Focused Wealth Management Inc now owns 7,668 shares of the industrial products company's stock valued at $2,999,000 after acquiring an additional 44 shares during the period. Finally, MinichMacGregor Wealth Management LLC lifted its position in shares of Caterpillar by 2.3% during the third quarter. MinichMacGregor Wealth Management LLC now owns 1,226 shares of the industrial products company's stock worth $479,000 after purchasing an additional 28 shares during the last quarter. 70.98% of the stock is owned by institutional investors.

Caterpillar Price Performance

NYSE CAT traded up $33.51 during trading hours on Wednesday, hitting $416.88. 4,707,609 shares of the company's stock traded hands, compared to its average volume of 2,625,881. 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's 50-day moving average is $373.55 and its 200-day moving average is $351.65. Caterpillar Inc. has a 52-week low of $233.57 and a 52-week high of $418.30. The company has a market capitalization of $202.15 billion, a PE ratio of 17.77, a PEG ratio of 1.86 and a beta of 1.10.

Caterpillar (NYSE:CAT - Get Free Report) last issued its earnings results 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 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 previous year, the company earned $5.52 earnings per share. The firm's quarterly revenue was down 4.2% compared to the same quarter last year. Equities analysts forecast that Caterpillar Inc. will post 21.82 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st will be issued a $1.41 dividend. The ex-dividend date of this dividend is Monday, October 21st. This represents a $5.64 annualized dividend and a yield of 1.35%. Caterpillar's payout ratio is 26.15%.

Insider Transactions at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 3,185 shares of the firm's stock in a transaction 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 completion of the sale, the insider now owns 33,442 shares of the company's stock, valued at $11,750,181.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Anthony D. Fassino sold 3,185 shares of the business's stock in a transaction on Friday, August 30th. The stock was sold at an average price of $351.36, for a total value of $1,119,081.60. Following the sale, the insider now owns 33,442 shares in the company, valued at approximately $11,750,181.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO William E. Schaupp sold 968 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $380.98, for a total transaction of $368,788.64. Following the sale, the chief accounting officer now directly 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 9,792 shares of company stock worth $3,515,978 in the last 90 days. Insiders own 0.29% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on CAT. Robert W. Baird raised their price target on shares of Caterpillar from $299.00 to $300.00 and gave the stock an "underperform" rating in a research note on Thursday, October 31st. Bank of America increased their price objective on Caterpillar from $376.00 to $434.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. JPMorgan Chase & Co. increased their price target on Caterpillar from $435.00 to $500.00 and gave the stock an "overweight" rating in a research report on Monday, October 14th. UBS Group upped their price target on shares of Caterpillar from $285.00 to $295.00 and gave the stock a "sell" rating in a research report on Monday. Finally, StockNews.com cut shares of Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, September 24th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Caterpillar currently has a consensus rating of "Hold" and an average target price of $358.19.

Caterpillar 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.