Caterpillar Inc. $CAT Shares Acquired by Bouchey Financial Group Ltd

Bouchey Financial Group Ltd increased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 17.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 936 shares of the industrial products company’s stock after buying an additional 139 shares during the quarter. Bouchey Financial Group Ltd’s holdings in Caterpillar were worth $363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trivium Point Advisory LLC boosted its stake in shares of Caterpillar by 132.9% in the second quarter. Trivium Point Advisory LLC now owns 1,926 shares of the industrial products company’s stock worth $748,000 after buying an additional 1,099 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Caterpillar by 9.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,947 shares of the industrial products company’s stock valued at $26,037,000 after acquiring an additional 7,125 shares during the period. Palmer Knight Co purchased a new stake in Caterpillar in the 2nd quarter worth approximately $5,884,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Caterpillar by 11.2% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,315 shares of the industrial products company’s stock worth $5,557,000 after purchasing an additional 1,440 shares during the period. Finally, Ransom Advisory Ltd purchased a new position in shares of Caterpillar during the 1st quarter valued at approximately $427,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, Director David Maclennan acquired 300 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was bought at an average price of $568.86 per share, with a total value of $170,658.00. Following the purchase, the director owned 7,947 shares in the company, valued at approximately $4,520,730.42. The trade was a 3.92% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Donald J. Umpleby III sold 17,166 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chairman directly owned 448,173 shares in the company, valued at $226,457,335.17. This trade represents a 3.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 69,662 shares of company stock valued at $33,575,140. 0.33% of the stock is owned by company insiders.

Caterpillar Trading Down 0.5%

Shares of Caterpillar stock opened at $567.82 on Wednesday. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $596.21. The firm’s 50-day moving average price is $497.84 and its 200 day moving average price is $423.30. The company has a current ratio of 1.38, a quick ratio of 0.81 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $265.73 billion, a PE ratio of 29.15, a P/E/G ratio of 3.33 and a beta of 1.51.

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

Caterpillar Announces Dividend

The firm 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 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, October 20th. Caterpillar’s payout ratio is 31.01%.

Wall Street Analyst Weigh In

CAT has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Caterpillar in a report on Tuesday, October 14th. Morgan Stanley increased their target price on shares of Caterpillar from $350.00 to $380.00 and gave the stock an “underweight” rating in a research note on Thursday, October 30th. Oppenheimer lifted their price target on Caterpillar from $513.00 to $645.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Bank of America upped their price target on Caterpillar from $594.00 to $650.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, HSBC raised Caterpillar from a “hold” rating to a “buy” rating and raised their price objective for the company from $405.00 to $660.00 in a report on Wednesday, November 5th. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $596.59.

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.