Caterpillar Inc. $CAT Stock Holdings Increased by Lyell Wealth Management LP

Lyell Wealth Management LP increased its holdings in Caterpillar Inc. (NYSE:CAT) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,363 shares of the industrial products company’s stock after purchasing an additional 1,445 shares during the quarter. Lyell Wealth Management LP’s holdings in Caterpillar were worth $14,505,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CAT. Pacific Point Advisors LLC bought a new stake in shares of Caterpillar in the 4th quarter worth approximately $579,000. Brighton Jones LLC raised its holdings in shares of Caterpillar by 51.5% in the 4th quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock worth $2,688,000 after purchasing an additional 2,519 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Caterpillar by 32.0% during the first quarter. GAMMA Investing LLC now owns 11,311 shares of the industrial products company’s stock valued at $3,730,000 after acquiring an additional 2,745 shares during the period. Advisor Resource Council acquired a new stake in shares of Caterpillar during the first quarter valued at approximately $755,000. Finally, PFG Investments LLC raised its holdings in shares of Caterpillar by 4.1% during the first quarter. PFG Investments LLC now owns 6,122 shares of the industrial products company’s stock valued at $2,019,000 after acquiring an additional 243 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Insider Transactions at Caterpillar

In other news, insider Jason Kaiser sold 2,161 shares of the firm’s 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 transaction, the insider directly owned 8,632 shares of the company’s stock, valued at approximately $3,605,586.40. This trade represents a 20.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Donald J. Umpleby III sold 17,168 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $412.87, for a total transaction of $7,088,152.16. Following the transaction, the chairman directly owned 482,505 shares of the company’s stock, valued at $199,211,839.35. The trade was a 3.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 55,985 shares of company stock valued at $25,559,300. Company insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CAT shares. UBS Group boosted their price target on shares of Caterpillar from $450.00 to $506.00 and gave the company a “neutral” rating in a report on Monday, October 13th. Melius raised shares of Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 price objective on the stock in a research report on Wednesday, July 9th. Melius Research raised shares of Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 price objective on the stock in a research report on Wednesday, July 9th. JPMorgan Chase & Co. increased their price target on shares of Caterpillar from $505.00 to $650.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Finally, Oppenheimer upped their price objective on shares of Caterpillar from $480.00 to $513.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Caterpillar has an average rating of “Moderate Buy” and an average price target of $510.60.

Caterpillar Price Performance

Shares of Caterpillar stock opened at $527.41 on Monday. 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 Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $544.99. The firm has a fifty day moving average price of $453.38 and a two-hundred day moving average price of $391.52. 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.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share 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 company 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 company earned $5.99 earnings per share. Caterpillar’s revenue for the quarter was down .7% on a year-over-year basis. Analysts expect that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

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