2,870 Shares in Caterpillar Inc. (NYSE:CAT) Acquired by Qsemble Capital Management LP

Qsemble Capital Management LP acquired a new stake in shares of Caterpillar Inc. (NYSE:CAT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,870 shares of the industrial products company’s stock, valued at approximately $1,123,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in CAT. Bank of Montreal Can boosted its position in Caterpillar by 2.8% during the 3rd quarter. Bank of Montreal Can now owns 900,971 shares of the industrial products company’s stock valued at $352,352,000 after buying an additional 24,577 shares during the period. Private Trust Co. NA grew its stake in shares of Caterpillar by 1.0% in the third quarter. Private Trust Co. NA now owns 8,031 shares of the industrial products company’s stock worth $3,141,000 after purchasing an additional 76 shares during the last quarter. Horizon Kinetics Asset Management LLC lifted its holdings in Caterpillar by 26.9% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 8,216 shares of the industrial products company’s stock worth $3,213,000 after buying an additional 1,743 shares during the period. Diversified LLC increased its stake in shares of Caterpillar by 2.9% during the third quarter. Diversified LLC now owns 2,181 shares of the industrial products company’s stock valued at $853,000 after buying an additional 61 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its stake in Caterpillar by 31.1% in the third quarter. Brown Brothers Harriman & Co. now owns 13,250 shares of the industrial products company’s stock worth $5,182,000 after acquiring an additional 3,142 shares during the period. Institutional investors own 70.98% of the company’s stock.

Caterpillar Price Performance

Shares of CAT opened at $407.82 on Wednesday. Caterpillar Inc. has a twelve month low of $246.01 and a twelve month high of $418.50. The company has a market capitalization of $196.90 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 1.96 and a beta of 1.10. The firm has a 50 day moving average of $389.05 and a 200 day moving average of $356.75. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The business had revenue of $16.11 billion during the quarter, compared to analysts’ expectations of $16.37 billion. During the same quarter in the prior year, the firm earned $5.52 EPS. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Caterpillar Inc. will post 21.67 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st were paid a $1.41 dividend. The ex-dividend date was Monday, October 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.38%. Caterpillar’s dividend payout ratio is presently 26.15%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley lowered shares of Caterpillar from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $349.00 to $332.00 in a research note on Monday, October 14th. Barclays increased their target price on Caterpillar from $315.00 to $335.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 7th. Robert W. Baird lifted their price target on Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research report on Thursday, October 31st. StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, September 24th. Finally, UBS Group boosted their target price on shares of Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $365.33.

Insider Activity

In other news, insider Anthony D. Fassino sold 3,185 shares of the stock in a transaction 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 directly owns 33,442 shares of the company’s stock, valued at $11,750,181.12. This represents a 8.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gerald Johnson acquired 100 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was purchased at an average cost of $338.59 per share, with a total value of $33,859.00. Following the acquisition, the director now directly owns 2,842 shares of the company’s stock, valued at $962,272.78. This trade represents a 3.65 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 20,774 shares of company stock valued at $8,233,034 over the last three months. Insiders own 0.29% of the company’s stock.

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.