Sargent Investment Group LLC Buys 700 Shares of Caterpillar Inc. (NYSE:CAT)

Sargent Investment Group LLC raised its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 13.1% in the third quarter, Holdings Channel.com reports. The firm owned 6,029 shares of the industrial products company’s stock after purchasing an additional 700 shares during the period. Sargent Investment Group LLC’s holdings in Caterpillar were worth $2,358,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CAT. Omnia Family Wealth LLC bought a new position in Caterpillar in the third quarter worth approximately $259,000. Lifeworks Advisors LLC increased its holdings in Caterpillar by 3.3% in the 3rd quarter. Lifeworks Advisors LLC now owns 8,260 shares of the industrial products company’s stock valued at $3,231,000 after acquiring an additional 262 shares during the last quarter. Intelligence Driven Advisers LLC purchased a new position in shares of Caterpillar in the 3rd quarter worth $232,000. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Caterpillar by 3.3% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,467 shares of the industrial products company’s stock worth $5,267,000 after buying an additional 426 shares in the last quarter. Finally, Planning Capital Management Corp boosted its stake in shares of Caterpillar by 127.1% during the 3rd quarter. Planning Capital Management Corp now owns 3,218 shares of the industrial products company’s stock worth $1,259,000 after purchasing an additional 1,801 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on CAT. JPMorgan Chase & Co. upped their price target on Caterpillar from $435.00 to $500.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Bank of America upped their target price on Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research report on Monday, September 30th. UBS Group increased 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. Citigroup decreased their price objective on Caterpillar from $445.00 to $435.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, Evercore ISI downgraded Caterpillar from an “in-line” rating to an “underperform” rating and raised their price objective for the company from $321.00 to $365.00 in a research note on Wednesday. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Caterpillar presently has an average rating of “Hold” and a consensus price target of $365.33.

Insider Transactions at Caterpillar

In other Caterpillar news, Director Gerald Johnson bought 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 completion of the acquisition, the director now owns 2,842 shares in the company, valued at $962,272.78. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Lange Bob De sold 12,657 shares of the business’s 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 of the company’s stock, valued at approximately $29,171,646.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gerald Johnson acquired 100 shares of Caterpillar stock in a transaction dated Wednesday, September 4th. The stock was bought at an average price of $338.59 per share, for a total transaction of $33,859.00. Following the completion of the transaction, the director now directly owns 2,842 shares of the company’s stock, valued at approximately $962,272.78. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 23,749 shares of company stock worth $9,251,912. 0.29% of the stock is currently owned by insiders.

Caterpillar Price Performance

NYSE:CAT traded up $2.64 on Thursday, hitting $389.71. The company had a trading volume of 372,674 shares, compared to its average volume of 2,611,060. The firm has a 50 day moving average of $379.68 and a two-hundred day moving average of $353.59. The stock has a market capitalization of $188.15 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 1.94 and a beta of 1.10. Caterpillar Inc. has a 52 week low of $241.81 and a 52 week high of $418.50. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data 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). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The business had revenue of $16.11 billion for the quarter, compared to analyst estimates of $16.37 billion. During the same quarter in the prior year, the business earned $5.52 earnings per share. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, research analysts anticipate that Caterpillar Inc. will post 21.69 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st will be paid a $1.41 dividend. The ex-dividend date is Monday, October 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.45%. Caterpillar’s dividend payout ratio is presently 26.15%.

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.