Baugh & Associates LLC Buys New Shares in Caterpillar Inc. (NYSE:CAT)

Baugh & Associates LLC bought a new stake in shares of Caterpillar Inc. (NYSE:CAT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 600 shares of the industrial products company’s stock, valued at approximately $235,000.

Other large investors also recently modified their holdings of the company. Graypoint LLC lifted its stake in Caterpillar by 1.1% in the 3rd quarter. Graypoint LLC now owns 10,708 shares of the industrial products company’s stock worth $4,188,000 after purchasing an additional 118 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC purchased a new stake in Caterpillar in the 3rd quarter worth $282,000. Forte Capital LLC ADV lifted its stake in Caterpillar by 3.8% in the 3rd quarter. Forte Capital LLC ADV now owns 1,744 shares of the industrial products company’s stock worth $682,000 after purchasing an additional 64 shares in the last quarter. M&G PLC lifted its stake in Caterpillar by 0.8% in the 3rd quarter. M&G PLC now owns 42,988 shares of the industrial products company’s stock worth $16,808,000 after purchasing an additional 347 shares in the last quarter. Finally, D.B. Root & Company LLC lifted its stake in Caterpillar by 8.8% in the 3rd quarter. D.B. Root & Company LLC now owns 944 shares of the industrial products company’s stock worth $369,000 after purchasing an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

CAT has been the topic of several research analyst reports. UBS Group boosted their price target on shares of Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a research note on Monday. Citigroup decreased their target price on shares of Caterpillar from $445.00 to $435.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Barclays upped their target price on shares of Caterpillar from $315.00 to $335.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 7th. Bank of America upped their target price on shares of Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Finally, StockNews.com cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $358.19.

Insiders Place Their Bets

In related news, Director Gerald Johnson bought 100 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were acquired at an average cost of $338.59 per share, for a total transaction of $33,859.00. Following the purchase, the director now directly owns 2,842 shares of the company’s stock, valued at approximately $962,272.78. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Caterpillar news, Director Gerald Johnson acquired 100 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were purchased at an average cost of $338.59 per share, for a total transaction of $33,859.00. Following the completion of the purchase, the director now owns 2,842 shares in the company, valued at approximately $962,272.78. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO William E. Schaupp sold 968 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $380.98, for a total transaction of $368,788.64. Following the transaction, the chief accounting officer now owns 1,686 shares in the company, valued at approximately $642,332.28. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,792 shares of company stock worth $3,515,978 in the last three months. Corporate insiders own 0.29% of the company’s stock.

Caterpillar Stock Performance

Caterpillar stock opened at $416.97 on Thursday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. The firm has a market capitalization of $202.19 billion, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 1.86 and a beta of 1.10. The company’s 50-day moving average is $374.93 and its 200 day moving average is $352.11. Caterpillar Inc. has a 1-year low of $233.57 and a 1-year high of $418.30.

Caterpillar (NYSE:CAT) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). The company had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. Caterpillar’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.52 earnings per share. Research analysts forecast that Caterpillar Inc. will post 21.82 EPS for the current year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st will be paid a $1.41 dividend. The ex-dividend date of this dividend is Monday, October 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.35%. Caterpillar’s dividend payout ratio is currently 26.15%.

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.