Caterpillar Inc. (NYSE:CAT) Shares Bought by PFG Investments LLC

PFG Investments LLC lifted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 1.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,268 shares of the industrial products company’s stock after purchasing an additional 81 shares during the quarter. PFG Investments LLC’s holdings in Caterpillar were worth $2,060,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CAT. Private Ocean LLC lifted its holdings in shares of Caterpillar by 23.4% during the 1st quarter. Private Ocean LLC now owns 190 shares of the industrial products company’s stock worth $70,000 after acquiring an additional 36 shares during the period. Foguth Wealth Management LLC. acquired a new position in shares of Caterpillar in the 1st quarter valued at $202,000. Founders Financial Securities LLC increased its holdings in shares of Caterpillar by 2.7% during the 1st quarter. Founders Financial Securities LLC now owns 3,669 shares of the industrial products company’s stock worth $1,345,000 after buying an additional 98 shares during the last quarter. D.B. Root & Company LLC purchased a new position in shares of Caterpillar in the 1st quarter worth $273,000. Finally, LVW Advisors LLC boosted its holdings in Caterpillar by 52.9% in the first quarter. LVW Advisors LLC now owns 2,687 shares of the industrial products company’s stock valued at $985,000 after acquiring an additional 930 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling

In other Caterpillar news, Director Gerald Johnson bought 100 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were bought at an average cost of $338.59 per share, with a total value of $33,859.00. Following the completion of the acquisition, the director now owns 2,842 shares of the company’s stock, valued at approximately $962,272.78. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Caterpillar news, Director Gerald Johnson acquired 100 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was acquired at an average price of $338.59 per share, with a total value of $33,859.00. Following the transaction, the director now directly owns 2,842 shares in the company, valued at approximately $962,272.78. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cheryl H. Johnson sold 2,975 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $342.48, for a total transaction of $1,018,878.00. Following the completion of the transaction, the insider now directly owns 15,615 shares in the company, valued at $5,347,825.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.

Caterpillar Price Performance

Shares of CAT stock opened at $385.97 on Friday. The firm has a fifty day moving average of $368.57 and a two-hundred day moving average of $350.95. The firm has a market cap of $188.76 billion, a P/E ratio of 17.43, a P/E/G ratio of 1.85 and a beta of 1.10. Caterpillar Inc. has a 1-year low of $223.76 and a 1-year high of $403.60. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.28 and a quick ratio of 0.78.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $5.99 EPS for the quarter, topping analysts’ consensus estimates of $5.53 by $0.46. Caterpillar had a return on equity of 59.88% and a net margin of 16.58%. The business had revenue of $16.69 billion during the quarter, compared to the consensus estimate of $16.91 billion. During the same period last year, the firm earned $5.55 earnings per share. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, research analysts anticipate that Caterpillar Inc. will post 21.91 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, October 21st will be given a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Monday, October 21st. Caterpillar’s dividend payout ratio is currently 25.46%.

Analyst Ratings Changes

CAT has been the topic of several research analyst reports. Morgan Stanley lowered Caterpillar from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $349.00 to $332.00 in a research note on Monday, October 14th. UBS Group increased their price objective on shares of Caterpillar from $270.00 to $285.00 and gave the stock a “sell” rating in a research report on Wednesday, August 7th. Evercore ISI reduced their target price on shares of Caterpillar from $338.00 to $321.00 and set an “in-line” rating on the stock in a report on Monday, August 19th. StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. upped their target price on Caterpillar from $435.00 to $500.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $355.50.

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.