Caterpillar Inc. $CAT Shares Acquired by Capital Management Associates Inc

Capital Management Associates Inc lifted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 5.9% in the second quarter, Holdings Channel reports. The institutional investor owned 3,890 shares of the industrial products company’s stock after buying an additional 216 shares during the quarter. Capital Management Associates Inc’s holdings in Caterpillar were worth $1,510,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CAT. Pacific Point Advisors LLC bought a new position in Caterpillar during the fourth quarter worth $579,000. Brighton Jones LLC lifted its stake in Caterpillar by 51.5% during the fourth quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock worth $2,688,000 after purchasing an additional 2,519 shares during the last quarter. Wedge Capital Management L L P NC lifted its stake in Caterpillar by 4.8% during the first quarter. Wedge Capital Management L L P NC now owns 917 shares of the industrial products company’s stock worth $302,000 after purchasing an additional 42 shares during the last quarter. GAMMA Investing LLC lifted its stake in Caterpillar by 32.0% during the first quarter. GAMMA Investing LLC now owns 11,311 shares of the industrial products company’s stock worth $3,730,000 after purchasing an additional 2,745 shares during the last quarter. Finally, Simplicity Wealth LLC lifted its stake in Caterpillar by 111.3% during the first quarter. Simplicity Wealth LLC now owns 4,646 shares of the industrial products company’s stock worth $1,532,000 after purchasing an additional 2,447 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CAT has been the topic of several research analyst reports. Barclays raised their price objective on Caterpillar from $383.00 to $425.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Erste Group Bank upgraded Caterpillar from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Jefferies Financial Group reiterated a “buy” rating and issued a $500.00 target price on shares of Caterpillar in a research note on Friday, August 29th. Evercore ISI upgraded Caterpillar from an “in-line” rating to an “outperform” rating and set a $476.00 target price on the stock in a research note on Tuesday, August 19th. Finally, Oppenheimer raised their target price on Caterpillar from $480.00 to $513.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Caterpillar has a consensus rating of “Moderate Buy” and a consensus price target of $473.53.

Insiders Place Their Bets

In other Caterpillar news, insider Jason Kaiser sold 2,161 shares of the business’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $417.70, for a total value of $902,649.70. Following the sale, the insider directly owned 8,632 shares in the company, valued at approximately $3,605,586.40. The trade was a 20.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan C. Schwab sold 2,324 shares of the business’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $410.00, for a total transaction of $952,840.00. Following the completion of the sale, the director owned 6,917 shares in the company, valued at approximately $2,835,970. This trade represents a 25.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,819 shares of company stock worth $16,885,492. 0.33% of the stock is owned by corporate insiders.

Caterpillar Price Performance

Shares of NYSE CAT opened at $502.08 on Thursday. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $509.48. The firm’s 50-day simple moving average is $440.73 and its 200 day simple moving average is $381.76. The company has a quick ratio of 0.81, a current ratio of 1.34 and a debt-to-equity ratio of 1.50. The stock has a market cap of $235.21 billion, a P/E ratio of 25.54, a P/E/G ratio of 2.96 and a beta of 1.46.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.16). The company had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $16.14 billion. Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. Caterpillar’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.99 earnings per share. Equities analysts expect that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Monday, October 20th will be given a $1.51 dividend. The ex-dividend date is Monday, October 20th. This represents a $6.04 annualized dividend and a yield of 1.2%. Caterpillar’s payout ratio is 30.72%.

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.