Stonebrook Private Inc. Sells 184 Shares of Caterpillar Inc. (NYSE:CAT)

Stonebrook Private Inc. lessened its stake in Caterpillar Inc. (NYSE:CAT) by 15.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,003 shares of the industrial products company’s stock after selling 184 shares during the quarter. Stonebrook Private Inc.’s holdings in Caterpillar were worth $392,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Nwam LLC increased its holdings in Caterpillar by 9.6% in the third quarter. Nwam LLC now owns 4,802 shares of the industrial products company’s stock valued at $1,878,000 after purchasing an additional 421 shares during the last quarter. Meridian Wealth Management LLC bought a new stake in shares of Caterpillar in the third quarter worth about $14,744,000. Allen Capital Group LLC increased its holdings in shares of Caterpillar by 1.4% in the third quarter. Allen Capital Group LLC now owns 4,221 shares of the industrial products company’s stock worth $1,651,000 after acquiring an additional 59 shares in the last quarter. Biltmore Family Office LLC increased its holdings in shares of Caterpillar by 1.4% in the third quarter. Biltmore Family Office LLC now owns 6,115 shares of the industrial products company’s stock worth $2,392,000 after acquiring an additional 87 shares in the last quarter. Finally, CFS Investment Advisory Services LLC increased its holdings in shares of Caterpillar by 24.4% in the third quarter. CFS Investment Advisory Services LLC now owns 2,026 shares of the industrial products company’s stock worth $792,000 after acquiring an additional 397 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Citigroup lowered their price target on Caterpillar from $445.00 to $435.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Morgan Stanley downgraded Caterpillar from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $349.00 to $332.00 in a report on Monday, October 14th. JPMorgan Chase & Co. increased their price target on Caterpillar from $435.00 to $500.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. UBS Group upped their price objective on Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a research report on Monday, November 4th. Finally, Evercore ISI cut Caterpillar from an “in-line” rating to an “underperform” rating and upped their price objective for the stock from $321.00 to $365.00 in a research report on Wednesday, November 13th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $365.33.

Caterpillar Stock Performance

Shares of NYSE CAT opened at $397.48 on Friday. The stock has a 50 day moving average price of $386.81 and a 200 day moving average price of $355.84. Caterpillar Inc. has a 52 week low of $246.01 and a 52 week high of $418.50. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. The stock has a market capitalization of $191.90 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing the consensus estimate of $5.33 by ($0.16). The company had revenue of $16.11 billion for the quarter, compared to analyst estimates of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period last year, the company posted $5.52 earnings per share. Analysts predict that Caterpillar Inc. will post 21.68 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st were paid a $1.41 dividend. The ex-dividend date of this dividend was Monday, October 21st. This represents a $5.64 annualized dividend and a yield of 1.42%. Caterpillar’s dividend payout ratio is 26.15%.

Insider Buying and Selling at Caterpillar

In other news, insider Anthony D. Fassino sold 3,185 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $351.36, for a total transaction of $1,119,081.60. Following the transaction, the insider now owns 33,442 shares in the company, valued at approximately $11,750,181.12. This trade represents a 8.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lange Bob De sold 12,657 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $410.25, for a total value of $5,192,534.25. Following the transaction, the insider now owns 71,107 shares in the company, valued at approximately $29,171,646.75. This trade represents a 15.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,774 shares of company stock worth $8,233,034 over the last 90 days. Company insiders own 0.29% of the company’s stock.

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.