Caterpillar Inc. $CAT Position Raised by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC raised its stake in Caterpillar Inc. (NYSE:CAT) by 6.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 15,858 shares of the industrial products company’s stock after buying an additional 993 shares during the quarter. Caterpillar makes up about 1.4% of Teamwork Financial Advisors LLC’s investment portfolio, making the stock its 27th largest holding. Teamwork Financial Advisors LLC’s holdings in Caterpillar were worth $12,857,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Diversify Advisory Services LLC bought a new stake in shares of Caterpillar during the second quarter valued at approximately $5,372,000. D.B. Root & Company LLC bought a new position in Caterpillar in the 2nd quarter worth approximately $850,000. Dearborn Partners LLC bought a new position in Caterpillar in the 2nd quarter worth approximately $20,293,000. B. Metzler seel. Sohn & Co. AG increased its position in Caterpillar by 4.3% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 62,731 shares of the industrial products company’s stock valued at $66,802,000 after acquiring an additional 2,590 shares during the period. Finally, Van Hulzen Asset Management LLC raised its stake in Caterpillar by 85.3% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 2,809 shares of the industrial products company’s stock valued at $2,991,000 after acquiring an additional 1,293 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In related news, CEO Joseph E. Creed sold 32,401 shares of the business’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the completion of the transaction, the chief executive officer owned 34,555 shares of the company’s stock, valued at approximately $27,954,303.90. The trade was a 48.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

CAT has been the subject of a number of recent analyst reports. Royal Bank Of Canada increased their price target on Caterpillar from $877.00 to $897.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. Oppenheimer dropped their target price on shares of Caterpillar from $1,118.00 to $1,009.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 14th. Citigroup cut their price target on shares of Caterpillar from $1,100.00 to $950.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Zacks Research downgraded shares of Caterpillar from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Barclays raised their price objective on shares of Caterpillar from $800.00 to $900.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $967.83.

Caterpillar Stock Performance

Shares of NYSE:CAT traded down $5.80 during trading on Monday, reaching $724.96. The stock had a trading volume of 2,640,740 shares, compared to its average volume of 2,825,382. Caterpillar Inc. has a 52 week low of $510.21 and a 52 week high of $1,073.46. The firm has a market capitalization of $333.25 billion, a price-to-earnings ratio of 31.19, a P/E/G ratio of 1.26 and a beta of 1.58. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65. The stock has a fifty day simple moving average of $812.24 and a two-hundred day simple moving average of $856.69.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.22 by $1.95. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The business had revenue of $20.54 billion during the quarter, compared to the consensus estimate of $19.34 billion. During the same period in the prior year, the firm earned $4.72 EPS. Caterpillar’s quarterly revenue was up 23.7% compared to the same quarter last year. As a group, analysts anticipate that Caterpillar Inc. will post 27.49 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Monday, October 26th will be paid a $1.63 dividend. The ex-dividend date is Monday, October 26th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.9%. Caterpillar’s payout ratio is presently 28.06%.

Caterpillar Profile

Caterpillar Inc is a manufacturer of construction, mining, and industrial equipment. Its product portfolio includes excavators, bulldozers, wheel loaders, motor graders, articulated trucks, and other machinery used in construction, infrastructure development, mining, quarrying, forestry, and related industries. The company also produces diesel and natural gas engines, industrial gas turbines, generator sets, and other power-generation and transportation equipment.

Caterpillar operates through businesses focused on construction industries, resource industries, and energy and transportation.