Telos Capital Management Inc. Acquires 240 Shares of Caterpillar Inc. $CAT

Telos Capital Management Inc. boosted its position in Caterpillar Inc. (NYSE:CAT) by 7.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,451 shares of the industrial products company’s stock after purchasing an additional 240 shares during the period. Telos Capital Management Inc.’s holdings in Caterpillar were worth $1,340,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mid American Wealth Advisory Group Inc. purchased a new position in Caterpillar in the second quarter worth about $28,000. Compass Financial Services Inc boosted its position in Caterpillar by 49.2% in the first quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 31 shares during the last quarter. Family Legacy Financial Solutions LLC purchased a new position in Caterpillar in the second quarter worth about $32,000. Harbor Asset Planning Inc. purchased a new position in Caterpillar in the second quarter worth about $34,000. Finally, Total Wealth Planning & Management Inc. purchased a new position in Caterpillar in the second quarter worth about $38,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Stock Down 0.8%

NYSE CAT opened at $578.28 on Monday. The stock’s 50 day moving average is $478.42 and its 200 day moving average is $410.02. The company has a current ratio of 1.38, a quick ratio of 0.81 and a debt-to-equity ratio of 1.34. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $596.21. The stock has a market cap of $270.91 billion, a PE ratio of 29.69, a P/E/G ratio of 3.33 and a beta of 1.46.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $4.95 EPS for the quarter, topping analysts’ consensus estimates of $4.52 by $0.43. Caterpillar had a return on equity of 47.16% and a net margin of 14.34%.The company had revenue of $17.64 billion for the quarter, compared to analysts’ expectations of $16.72 billion. During the same period in the previous year, the firm earned $5.17 EPS. The firm’s revenue was up 9.5% compared to the same quarter last year. Research analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Monday, October 20th will be paid a $1.51 dividend. The ex-dividend date of this dividend is Monday, October 20th. This represents a $6.04 dividend on an annualized basis and a yield of 1.0%. Caterpillar’s payout ratio is presently 31.01%.

Insiders Place Their Bets

In other Caterpillar news, Director Susan C. Schwab sold 2,324 shares of Caterpillar stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $410.00, for a total value of $952,840.00. Following the sale, the director owned 6,917 shares of the company’s stock, valued at $2,835,970. The trade was a 25.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Donald J. Umpleby III sold 17,166 shares of Caterpillar stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $505.29, for a total value of $8,673,808.14. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 55,985 shares of company stock valued at $25,559,300 in the last quarter. 0.33% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Caterpillar from $650.00 to $730.00 and gave the company an “overweight” rating in a research report on Thursday. Bank of America lifted their price objective on Caterpillar from $594.00 to $650.00 and gave the company a “buy” rating in a research report on Thursday. Royal Bank Of Canada assumed coverage on Caterpillar in a research report on Wednesday, October 22nd. They set a “sector perform” rating and a $560.00 price objective on the stock. Oppenheimer lifted their price objective on Caterpillar from $513.00 to $645.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Citigroup lifted their price objective on Caterpillar from $570.00 to $670.00 and gave the company a “buy” rating in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $568.50.

Caterpillar 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.