Caterpillar Inc. $CAT Shares Acquired by Waterloo Capital L.P.

Waterloo Capital L.P. grew its stake in Caterpillar Inc. (NYSE:CAT) by 28.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,348 shares of the industrial products company’s stock after purchasing an additional 301 shares during the period. Waterloo Capital L.P.’s holdings in Caterpillar were worth $523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CAT. Trivium Point Advisory LLC raised its position in Caterpillar by 132.9% in the second quarter. Trivium Point Advisory LLC now owns 1,926 shares of the industrial products company’s stock valued at $748,000 after purchasing an additional 1,099 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Caterpillar by 9.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,947 shares of the industrial products company’s stock valued at $26,037,000 after buying an additional 7,125 shares during the period. Palmer Knight Co acquired a new position in Caterpillar in the second quarter valued at about $5,884,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Caterpillar by 11.2% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,315 shares of the industrial products company’s stock worth $5,557,000 after buying an additional 1,440 shares during the period. Finally, Ransom Advisory Ltd acquired a new stake in shares of Caterpillar during the first quarter valued at about $427,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling

In other news, CAO William E. Schaupp sold 1,200 shares of the firm’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $572.22, for a total value of $686,664.00. Following the sale, the chief accounting officer directly owned 1,323 shares in the company, valued at approximately $757,047.06. This trade represents a 47.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jason Kaiser sold 10,707 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $563.60, for a total transaction of $6,034,465.20. Following the transaction, the insider owned 8,649 shares of the company’s stock, valued at approximately $4,874,576.40. The trade was a 55.32% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 86,229 shares of company stock worth $43,323,118. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Trading Up 1.7%

NYSE:CAT opened at $560.05 on Tuesday. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $596.21. The firm has a market cap of $262.09 billion, a PE ratio of 28.75, a price-to-earnings-growth ratio of 3.33 and a beta of 1.51. The company has a current ratio of 1.38, a quick ratio of 0.81 and a debt-to-equity ratio of 1.34. The stock has a fifty day moving average price of $521.18 and a 200 day moving average price of $438.34.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $4.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.52 by $0.43. Caterpillar had a return on equity of 47.16% and a net margin of 14.34%.The company had revenue of $17.64 billion for the quarter, compared to analyst estimates of $16.72 billion. During the same quarter last year, the company earned $5.17 EPS. Caterpillar’s revenue for the quarter was up 9.5% compared to the same quarter last year. Sell-side analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Monday, October 20th were issued a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.1%. The ex-dividend date was Monday, October 20th. Caterpillar’s payout ratio is 31.01%.

Analysts Set New Price Targets

CAT has been the topic of several recent analyst reports. Erste Group Bank upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Argus upped their price target on Caterpillar from $460.00 to $625.00 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Caterpillar in a research note on Monday, November 17th. JPMorgan Chase & Co. increased their target price on Caterpillar from $650.00 to $730.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Finally, DA Davidson lifted their target price on Caterpillar from $408.00 to $569.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Caterpillar currently has an average rating of “Moderate Buy” and a consensus price target of $610.32.

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.