Bogart Wealth LLC boosted its stake in Caterpillar Inc. (NYSE:CAT) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,334 shares of the industrial products company’s stock after acquiring an additional 181 shares during the quarter. Caterpillar accounts for 1.3% of Bogart Wealth LLC’s portfolio, making the stock its 23rd largest position. Bogart Wealth LLC’s holdings in Caterpillar were worth $2,568,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Sound Income Strategies LLC lifted its holdings in shares of Caterpillar by 23.5% during the 2nd quarter. Sound Income Strategies LLC now owns 378 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 72 shares during the period. First Merchants Corp grew its stake in Caterpillar by 0.4% in the second quarter. First Merchants Corp now owns 20,577 shares of the industrial products company’s stock valued at $2,804,000 after purchasing an additional 75 shares during the last quarter. Gables Capital Management Inc. grew its stake in shares of Caterpillar by 1.0% during the third quarter. Gables Capital Management Inc. now owns 7,730 shares of the industrial products company’s stock worth $973,000 after acquiring an additional 75 shares during the last quarter. LexAurum Advisors LLC grew its stake in shares of Caterpillar by 4.7% during the second quarter. LexAurum Advisors LLC now owns 1,700 shares of the industrial products company’s stock worth $232,000 after acquiring an additional 77 shares during the last quarter. Finally, River Wealth Advisors LLC grew its stake in shares of Caterpillar by 1.5% during the third quarter. River Wealth Advisors LLC now owns 5,167 shares of the industrial products company’s stock worth $653,000 after acquiring an additional 78 shares during the last quarter. 66.87% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently weighed in on CAT. Buckingham Research lowered Caterpillar from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $162.00 to $140.00 in a research note on Thursday, July 25th. Citigroup dropped their price target on Caterpillar from $150.00 to $145.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. UBS Group dropped their price target on Caterpillar to $110.00 and set a “sell” rating on the stock in a research note on Thursday, October 24th. Credit Suisse Group restated a “buy” rating and set a $150.00 price target on shares of Caterpillar in a research note on Thursday, October 24th. Finally, Deutsche Bank boosted their price target on Caterpillar from $113.00 to $123.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $138.76.
Caterpillar stock opened at $146.34 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.44 and a debt-to-equity ratio of 1.71. Caterpillar Inc. has a 52 week low of $111.75 and a 52 week high of $148.47. The company has a market capitalization of $81.88 billion, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 1.56 and a beta of 1.53. The stock has a 50-day moving average price of $132.81 and a 200 day moving average price of $129.15.
Caterpillar (NYSE:CAT) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $2.66 EPS for the quarter, missing the Zacks’ consensus estimate of $2.82 by ($0.16). Caterpillar had a return on equity of 42.51% and a net margin of 10.99%. The firm had revenue of $12.76 billion for the quarter, compared to analyst estimates of $13.49 billion. During the same period last year, the firm earned $2.86 EPS. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. Research analysts anticipate that Caterpillar Inc. will post 10.89 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Friday, October 18th. Caterpillar’s payout ratio is presently 36.72%.
In related news, insider Denise C. Johnson sold 4,172 shares of Caterpillar stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $146.67, for a total transaction of $611,907.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Suzette M. Long sold 5,019 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $126.34, for a total value of $634,100.46. Following the transaction, the general counsel now directly owns 12,569 shares of the company’s stock, valued at approximately $1,587,967.46. The disclosure for this sale can be found here. Insiders sold 95,141 shares of company stock valued at $13,717,142 over the last three months. 0.37% of the stock is currently owned by corporate insiders.
Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.
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