Alexis Investment Partners LLC Has $1.20 Million Holdings in Caterpillar Inc. $CAT

Alexis Investment Partners LLC grew its stake in shares of Caterpillar Inc. (NYSE:CAT) by 7.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 3,118 shares of the industrial products company’s stock after purchasing an additional 207 shares during the quarter. Caterpillar makes up 0.5% of Alexis Investment Partners LLC’s investment portfolio, making the stock its 29th largest position. Alexis Investment Partners LLC’s holdings in Caterpillar were worth $1,202,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Canvas Wealth Advisors LLC lifted its position in Caterpillar by 13.4% during the second quarter. Canvas Wealth Advisors LLC now owns 1,052 shares of the industrial products company’s stock worth $408,000 after acquiring an additional 124 shares during the last quarter. Princeton Global Asset Management LLC lifted its position in Caterpillar by 33.1% during the second quarter. Princeton Global Asset Management LLC now owns 559 shares of the industrial products company’s stock worth $217,000 after acquiring an additional 139 shares during the last quarter. Schnieders Capital Management LLC lifted its position in Caterpillar by 3.9% during the second quarter. Schnieders Capital Management LLC now owns 9,147 shares of the industrial products company’s stock worth $3,551,000 after acquiring an additional 347 shares during the last quarter. CORDA Investment Management LLC. raised its position in shares of Caterpillar by 10.2% in the second quarter. CORDA Investment Management LLC. now owns 3,515 shares of the industrial products company’s stock valued at $1,365,000 after buying an additional 324 shares in the last quarter. Finally, Evermay Wealth Management LLC raised its position in shares of Caterpillar by 9.0% in the second quarter. Evermay Wealth Management LLC now owns 2,555 shares of the industrial products company’s stock valued at $992,000 after buying an additional 210 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Stock Down 2.5%

Shares of CAT opened at $527.41 on Monday. Caterpillar Inc. has a one year low of $267.30 and a one year high of $544.99. The company has a market cap of $247.08 billion, a P/E ratio of 26.83, a P/E/G ratio of 3.00 and a beta of 1.46. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81. The firm has a 50 day simple moving average of $453.38 and a two-hundred day simple moving average of $391.52.

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

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Monday, October 20th will be paid a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, October 20th. Caterpillar’s payout ratio is presently 30.72%.

Insiders Place Their Bets

In other Caterpillar news, insider Jason Kaiser sold 2,161 shares of the business’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $417.70, for a total transaction of $902,649.70. Following the sale, the insider owned 8,632 shares of the company’s stock, valued at approximately $3,605,586.40. The trade was a 20.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Donald J. Umpleby III sold 17,166 shares of the business’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $505.29, for a total transaction of $8,673,808.14. Following the sale, the chairman directly owned 448,173 shares in the company, valued at approximately $226,457,335.17. The trade was a 3.69% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,985 shares of company stock valued at $25,559,300. 0.33% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CAT has been the subject of a number of analyst reports. Barclays lifted their price target on shares of Caterpillar from $425.00 to $485.00 and gave the company an “equal weight” rating in a research report on Friday. Melius Research upgraded shares of Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 price target for the company in a research report on Wednesday, July 9th. Evercore ISI upgraded shares of Caterpillar from an “in-line” rating to an “outperform” rating and set a $476.00 price target for the company in a research report on Tuesday, August 19th. JPMorgan Chase & Co. lifted their price target on shares of Caterpillar from $505.00 to $650.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Finally, Bank of America lifted their price target on shares of Caterpillar from $517.00 to $594.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $510.60.

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.