Caterpillar Inc. (NYSE:CAT) Shares Purchased by PSI Advisors LLC

PSI Advisors LLC increased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 3.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,337 shares of the industrial products company’s stock after buying an additional 86 shares during the period. PSI Advisors LLC’s holdings in Caterpillar were worth $914,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CAT. Atlas Capital Advisors LLC grew its stake in Caterpillar by 1,041.4% in the 1st quarter. Atlas Capital Advisors LLC now owns 331 shares of the industrial products company’s stock valued at $121,000 after acquiring an additional 302 shares during the last quarter. Brookstone Capital Management grew its position in shares of Caterpillar by 3.2% in the first quarter. Brookstone Capital Management now owns 31,859 shares of the industrial products company’s stock valued at $11,674,000 after purchasing an additional 996 shares during the last quarter. GoalVest Advisory LLC increased its stake in shares of Caterpillar by 18.4% during the 1st quarter. GoalVest Advisory LLC now owns 296 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 46 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Caterpillar during the 1st quarter worth approximately $249,000. Finally, Wealthcare Advisory Partners LLC lifted its stake in Caterpillar by 23.4% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 12,856 shares of the industrial products company’s stock valued at $4,711,000 after buying an additional 2,440 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Stock Performance

Shares of CAT stock opened at $385.59 on Thursday. The company’s fifty day simple moving average is $366.90 and its 200-day simple moving average is $350.61. The company has a current ratio of 1.28, a quick ratio of 0.78 and a debt-to-equity ratio of 1.39. Caterpillar Inc. has a 52 week low of $223.76 and a 52 week high of $403.60. The company has a market cap of $188.57 billion, a PE ratio of 17.41, a P/E/G ratio of 1.85 and a beta of 1.10.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $5.99 EPS for the quarter, beating the consensus estimate of $5.53 by $0.46. Caterpillar had a return on equity of 59.88% and a net margin of 16.58%. The company had revenue of $16.69 billion for the quarter, compared to analyst estimates of $16.91 billion. During the same period last year, the company posted $5.55 earnings per share. The firm’s revenue was down 3.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Caterpillar Inc. will post 21.91 EPS for the current year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st will be given a $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.46%. The ex-dividend date is Monday, October 21st. Caterpillar’s dividend payout ratio (DPR) is 25.46%.

Wall Street Analysts Forecast Growth

CAT has been the subject of several recent research reports. JPMorgan Chase & Co. raised their price target on Caterpillar from $435.00 to $500.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Barclays boosted their target price on shares of Caterpillar from $315.00 to $335.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. Citigroup lifted their price target on shares of Caterpillar from $380.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Raymond James initiated coverage on shares of Caterpillar in a research note on Friday, June 28th. They issued a “market perform” rating for the company. Finally, Morgan Stanley cut Caterpillar from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $349.00 to $332.00 in a report on Monday, October 14th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Caterpillar has an average rating of “Hold” and an average target price of $355.50.

Insider Activity

In other news, insider Anthony D. Fassino sold 3,185 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $351.36, for a total value of $1,119,081.60. Following the completion of the transaction, the insider now directly owns 33,442 shares in the company, valued at approximately $11,750,181.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Anthony D. Fassino sold 3,185 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $351.36, for a total transaction of $1,119,081.60. Following the completion of the sale, the insider now owns 33,442 shares of the company’s stock, valued at approximately $11,750,181.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gerald Johnson purchased 100 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was bought at an average cost of $338.59 per share, for a total transaction of $33,859.00. Following the completion of the acquisition, the director now directly owns 2,842 shares of the company’s stock, valued at $962,272.78. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.33% 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.