Advisors Management Group Inc. ADV Buys New Holdings in Caterpillar, Inc. (CAT)

Advisors Management Group Inc. ADV bought a new stake in Caterpillar, Inc. (NYSE:CAT) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,854 shares of the industrial products company’s stock, valued at approximately $231,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Caterpillar by 6.1% in the second quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock valued at $4,430,058,000 after acquiring an additional 2,377,623 shares in the last quarter. FMR LLC raised its holdings in Caterpillar by 11.7% in the second quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock valued at $2,107,684,000 after acquiring an additional 2,052,300 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Caterpillar in the first quarter valued at $143,490,000. Jennison Associates LLC raised its holdings in Caterpillar by 140.9% in the third quarter. Jennison Associates LLC now owns 2,627,319 shares of the industrial products company’s stock valued at $327,653,000 after acquiring an additional 1,536,470 shares in the last quarter. Finally, Morgan Stanley raised its holdings in Caterpillar by 15.1% in the first quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock valued at $964,579,000 after acquiring an additional 1,365,856 shares in the last quarter. Hedge funds and other institutional investors own 68.61% of the company’s stock.

Shares of Caterpillar, Inc. (NYSE:CAT) opened at $143.86 on Friday. Caterpillar, Inc. has a 1-year low of $90.34 and a 1-year high of $145.19. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.44 and a quick ratio of 1.04. The firm has a market cap of $85,010.07, a PE ratio of 25.75, a price-to-earnings-growth ratio of 2.16 and a beta of 1.29.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.68. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The company had revenue of $11.41 billion during the quarter, compared to analyst estimates of $10.69 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. The business’s quarterly revenue was up 24.6% on a year-over-year basis. equities research analysts anticipate that Caterpillar, Inc. will post 6.41 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, October 23rd were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend was Friday, October 20th. Caterpillar’s dividend payout ratio is presently 216.67%.

CAT has been the subject of several recent research reports. BidaskClub upgraded shares of Caterpillar from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Seaport Global Securities initiated coverage on shares of Caterpillar in a research note on Wednesday, September 6th. They set a “neutral” rating and a $120.00 target price for the company. Vetr lowered shares of Caterpillar from a “buy” rating to a “hold” rating and set a $120.03 target price for the company. in a research note on Tuesday, August 22nd. Credit Suisse Group reiterated an “outperform” rating and set a $146.00 target price (up previously from $133.00) on shares of Caterpillar in a research note on Wednesday, October 18th. Finally, BMO Capital Markets upped their price target on shares of Caterpillar from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company. Caterpillar presently has an average rating of “Hold” and a consensus target price of $136.41.

In other news, insider Thomas A. Pellette sold 24,547 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $135.69, for a total value of $3,330,782.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bradley M. Halverson sold 2,600 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $137.67, for a total transaction of $357,942.00. Following the completion of the sale, the insider now directly owns 5,214 shares of the company’s stock, valued at $717,811.38. The disclosure for this sale can be found here. Insiders have sold 52,989 shares of company stock valued at $7,235,850 over the last ninety days. Insiders own 0.14% of the company’s stock.

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Caterpillar Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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