Schnieders Capital Management LLC Acquires 347 Shares of Caterpillar Inc. $CAT

Schnieders Capital Management LLC increased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 3.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,147 shares of the industrial products company’s stock after purchasing an additional 347 shares during the quarter. Schnieders Capital Management LLC’s holdings in Caterpillar were worth $3,551,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. CORDA Investment Management LLC. boosted its stake in Caterpillar by 10.2% in the second quarter. CORDA Investment Management LLC. now owns 3,515 shares of the industrial products company’s stock valued at $1,365,000 after acquiring an additional 324 shares during the last quarter. Evermay Wealth Management LLC raised its holdings in Caterpillar by 9.0% in the second quarter. Evermay Wealth Management LLC now owns 2,555 shares of the industrial products company’s stock worth $992,000 after purchasing an additional 210 shares during the period. Lyell Wealth Management LP raised its holdings in shares of Caterpillar by 4.0% during the second quarter. Lyell Wealth Management LP now owns 37,363 shares of the industrial products company’s stock worth $14,505,000 after acquiring an additional 1,445 shares during the period. LMG Wealth Partners LLC raised its holdings in shares of Caterpillar by 3.3% during the second quarter. LMG Wealth Partners LLC now owns 10,283 shares of the industrial products company’s stock worth $3,992,000 after acquiring an additional 324 shares during the period. Finally, Swan Global Investments LLC raised its holdings in shares of Caterpillar by 24.0% during the second quarter. Swan Global Investments LLC now owns 770 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 149 shares during the period. 70.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Bank of America lifted their price target on shares of Caterpillar from $517.00 to $594.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Citigroup lifted their price target on shares of Caterpillar from $540.00 to $570.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Melius upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 price target on the stock in a research note on Wednesday, July 9th. Oppenheimer lifted their price target on shares of Caterpillar from $480.00 to $513.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Caterpillar in a research note on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Caterpillar currently has an average rating of “Moderate Buy” and an average target price of $510.60.

Insider Buying and Selling

In related news, insider Jason Kaiser sold 2,161 shares of Caterpillar stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $417.70, for a total transaction of $902,649.70. Following the completion of the sale, the insider owned 8,632 shares of the company’s stock, valued at approximately $3,605,586.40. The trade was a 20.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Susan C. Schwab sold 2,324 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $410.00, for a total transaction of $952,840.00. Following the transaction, the director owned 6,917 shares of the company’s stock, valued at approximately $2,835,970. This represents a 25.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,985 shares of company stock valued at $25,559,300. Company insiders own 0.33% of the company’s stock.

Caterpillar Stock Performance

Shares of CAT opened at $527.41 on Monday. The firm has a 50-day moving average of $453.38 and a 200-day moving average of $391.52. Caterpillar Inc. has a one year low of $267.30 and a one year high of $544.99. The company has a market cap of $247.08 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 3.00 and a beta of 1.46. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 EPS for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.16). Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The firm had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $16.14 billion. During the same period last year, the business earned $5.99 EPS. The business’s revenue was down .7% on a year-over-year basis. As a group, equities analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Monday, October 20th will be issued a dividend of $1.51 per share. The ex-dividend date of this dividend is Monday, October 20th. This represents a $6.04 annualized dividend and a dividend yield of 1.1%. Caterpillar’s payout ratio is presently 30.72%.

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.