FRG Family Wealth Advisors LLC Sells 300 Shares of Caterpillar Inc. (NYSE:CAT)

FRG Family Wealth Advisors LLC cut its stake in Caterpillar Inc. (NYSE:CAT) by 2.1% in the third quarter, Holdings Channel reports. The institutional investor owned 14,324 shares of the industrial products company’s stock after selling 300 shares during the period. Caterpillar makes up about 1.0% of FRG Family Wealth Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. FRG Family Wealth Advisors LLC’s holdings in Caterpillar were worth $5,602,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Financial Connections Group Inc. bought a new stake in Caterpillar in the second quarter worth $28,000. Fairscale Capital LLC purchased a new stake in Caterpillar in the second quarter worth $36,000. Capital Performance Advisors LLP purchased a new stake in Caterpillar in the third quarter worth $36,000. POM Investment Strategies LLC increased its stake in Caterpillar by 2,160.0% in the second quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 108 shares during the period. Finally, Kimelman & Baird LLC increased its stake in Caterpillar by 42.9% in the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 30 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Caterpillar

In other news, Director Daniel M. Dickinson sold 1,300 shares of Caterpillar stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $418.00, for a total transaction of $543,400.00. Following the completion of the sale, the director now directly owns 4,976 shares in the company, valued at $2,079,968. The trade was a 20.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gerald Johnson purchased 100 shares of the stock in a transaction dated Wednesday, December 4th. The shares were purchased at an average price of $398.57 per share, with a total value of $39,857.00. Following the completion of the acquisition, the director now owns 2,953 shares of the company’s stock, valued at approximately $1,176,977.21. This represents a 3.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 23,868 shares of company stock valued at $9,679,489. 0.29% of the stock is owned by company insiders.

Analysts Set New Price Targets

CAT has been the topic of several research reports. StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Robert W. Baird lifted their target price on Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research note on Thursday, October 31st. Bank of America lifted their target price on Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research note on Monday, September 30th. UBS Group lifted their target price on Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a research note on Monday, November 4th. Finally, Evercore ISI downgraded Caterpillar from an “in-line” rating to an “underperform” rating and raised their price target for the stock from $321.00 to $365.00 in a report on Wednesday, November 13th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Caterpillar presently has an average rating of “Hold” and an average target price of $374.69.

Caterpillar Trading Up 1.1 %

NYSE:CAT opened at $399.34 on Tuesday. The stock’s 50 day moving average price is $393.01 and its 200 day moving average price is $359.52. The company has a market capitalization of $192.80 billion, a PE ratio of 18.51, a P/E/G ratio of 1.95 and a beta of 1.10. 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 Inc. has a 52-week low of $259.12 and a 52-week high of $418.50.

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

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st were issued a $1.41 dividend. The ex-dividend date was Monday, October 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.41%. 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.