670 Shares in Caterpillar Inc. $CAT Bought by Gibson Wealth Advisors LLC

Gibson Wealth Advisors LLC acquired a new stake in Caterpillar Inc. (NYSE:CAT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 670 shares of the industrial products company’s stock, valued at approximately $260,000.

Other large investors have also recently made changes to their positions in the company. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Caterpillar in the 2nd quarter valued at $28,000. Family Legacy Financial Solutions LLC acquired a new position in Caterpillar in the second quarter valued at $32,000. RiverPark Advisors LLC purchased a new stake in shares of Caterpillar in the second quarter valued at about $32,000. Harbor Asset Planning Inc. acquired a new stake in shares of Caterpillar during the second quarter worth about $34,000. Finally, Compass Financial Services Inc grew its holdings in shares of Caterpillar by 49.2% during the first quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock worth $31,000 after buying an additional 31 shares during the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CAT. Argus increased their price target on Caterpillar from $460.00 to $625.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. Evercore ISI raised their price objective on shares of Caterpillar from $476.00 to $630.00 and gave the company an “outperform” rating in a research report on Monday, November 17th. Erste Group Bank raised Caterpillar from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Caterpillar in a research report on Monday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Caterpillar from $650.00 to $730.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $610.32.

Insider Transactions at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 8,184 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $570.18, for a total value of $4,666,353.12. Following the sale, the insider directly owned 41,512 shares of the company’s stock, valued at approximately $23,669,312.16. This trade represents a 16.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO William E. Schaupp sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $572.22, for a total transaction of $686,664.00. Following the completion of the sale, the chief accounting officer owned 1,323 shares of the company’s stock, valued at approximately $757,047.06. The trade was a 47.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 86,229 shares of company stock valued at $43,323,118. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Stock Up 1.2%

Shares of NYSE:CAT opened at $566.37 on Wednesday. The company has a market capitalization of $265.05 billion, a P/E ratio of 29.07, a P/E/G ratio of 3.33 and a beta of 1.51. The stock’s fifty day simple moving average is $523.69 and its 200-day simple moving average is $440.04. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $596.21. The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 1.34.

Caterpillar (NYSE:CAT) last announced its earnings results on Wednesday, October 29th. The industrial products company reported $4.95 earnings per share for the quarter, beating the consensus estimate of $4.52 by $0.43. Caterpillar had a net margin of 14.34% and a return on equity of 47.16%. The firm had revenue of $17.64 billion during the quarter, compared to the consensus estimate of $16.72 billion. During the same quarter in the previous year, the company posted $5.17 EPS. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, equities research analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

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

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.