Tyler Stone Wealth Management boosted its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 139.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,206 shares of the industrial products company's stock after acquiring an additional 1,284 shares during the quarter. Tyler Stone Wealth Management's holdings in Caterpillar were worth $863,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its holdings in Caterpillar by 17.2% during the first quarter. Acadian Asset Management LLC now owns 9,037 shares of the industrial products company's stock worth $3,308,000 after purchasing an additional 1,327 shares in the last quarter. Alpha Cubed Investments LLC raised its stake in Caterpillar by 5.6% during the 3rd quarter. Alpha Cubed Investments LLC now owns 116,566 shares of the industrial products company's stock worth $45,591,000 after acquiring an additional 6,212 shares in the last quarter. First Affirmative Financial Network purchased a new stake in Caterpillar in the third quarter valued at $204,000. Inspire Advisors LLC boosted its stake in Caterpillar by 25.8% in the third quarter. Inspire Advisors LLC now owns 8,266 shares of the industrial products company's stock valued at $3,233,000 after acquiring an additional 1,694 shares in the last quarter. Finally, Jackson Square Capital LLC increased its position in shares of Caterpillar by 33.7% during the third quarter. Jackson Square Capital LLC now owns 16,581 shares of the industrial products company's stock worth $6,485,000 after purchasing an additional 4,182 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.
Analyst Ratings Changes
A number of analysts recently issued reports on CAT shares. Evercore ISI decreased their target price on Caterpillar from $338.00 to $321.00 and set an "in-line" rating for the company in a research report on Monday, August 19th. JPMorgan Chase & Co. increased their price objective on Caterpillar from $435.00 to $500.00 and gave the company an "overweight" rating in a report on Monday, October 14th. UBS Group lifted their target price on shares of Caterpillar from $285.00 to $295.00 and gave the company a "sell" rating in a report on Monday, November 4th. StockNews.com cut shares of Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, September 24th. Finally, Bank of America lifted their price objective on shares of Caterpillar from $376.00 to $434.00 and gave the company a "buy" rating in a research note on Monday, September 30th. Three 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $362.40.
Read Our Latest Stock Report on CAT
Caterpillar Price Performance
Shares of Caterpillar stock traded down $14.84 during trading on Friday, reaching $393.37. The company's stock had a trading volume of 3,345,862 shares, compared to its average volume of 2,292,855. The business has a 50 day moving average price of $376.80 and a 200-day moving average price of $352.67. Caterpillar Inc. has a 12-month low of $233.82 and a 12-month high of $418.50. The company has a market capitalization of $190.75 billion, a P/E ratio of 18.24, a price-to-earnings-growth ratio of 2.06 and a beta of 1.10. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33.
Caterpillar (NYSE:CAT - Get Free Report) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 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 company had revenue of $16.11 billion for the quarter, compared to analysts' expectations of $16.37 billion. During the same quarter in the previous year, the firm posted $5.52 earnings per share. Caterpillar's revenue for the quarter was down 4.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Caterpillar Inc. will post 21.69 EPS for the current year.
Caterpillar Dividend Announcement
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 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 1.43%. Caterpillar's payout ratio is 26.15%.
Insider Transactions at Caterpillar
In related news, 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 value of $1,119,081.60. Following the completion of the transaction, the insider now directly owns 33,442 shares of the company's stock, valued at $11,750,181.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Caterpillar news, insider Cheryl H. Johnson sold 2,975 shares of the company's stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $342.48, for a total value of $1,018,878.00. Following the sale, the insider now owns 15,615 shares of the company's stock, valued at $5,347,825.20. 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. 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 transaction, the insider now directly owns 33,442 shares of the company's stock, valued at approximately $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. Insiders have sold 23,749 shares of company stock valued at $9,251,912 in the last quarter. 0.29% of the stock is currently owned by corporate insiders.
About Caterpillar
(
Free Report)
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.
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