Caterpillar Inc. $CAT Stake Lifted by Fairvoy Private Wealth LLC

Fairvoy Private Wealth LLC boosted its holdings in Caterpillar Inc. (NYSE:CAT) by 31.0% in the third quarter, HoldingsChannel reports. The firm owned 7,423 shares of the industrial products company’s stock after purchasing an additional 1,757 shares during the period. Caterpillar comprises about 1.2% of Fairvoy Private Wealth LLC’s portfolio, making the stock its 26th largest holding. Fairvoy Private Wealth LLC’s holdings in Caterpillar were worth $6,018,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CAT. Lam Group Inc. purchased a new stake in Caterpillar during the 1st quarter worth approximately $26,000. Decker Retirement Planning Inc. boosted its stake in shares of Caterpillar by 440.0% during the 2nd quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock valued at $29,000 after buying an additional 22 shares during the last quarter. Matrix Trust Co boosted its stake in shares of Caterpillar by 93.8% during the 2nd quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock valued at $33,000 after buying an additional 15 shares during the last quarter. Cedar Mountain Advisors LLC boosted its stake in shares of Caterpillar by 82.1% during the 1st quarter. Cedar Mountain Advisors LLC now owns 51 shares of the industrial products company’s stock valued at $36,000 after buying an additional 23 shares during the last quarter. Finally, Axiom Investment Management LLC acquired a new stake in shares of Caterpillar during the second quarter worth approximately $36,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Performance

CAT traded down $5.80 during trading hours on Monday, hitting $724.96. 2,640,740 shares of the stock were exchanged, compared to its average volume of 2,825,382. The stock has a 50-day simple moving average of $812.24 and a 200-day simple moving average of $856.69. Caterpillar Inc. has a 12 month low of $510.21 and a 12 month high of $1,073.46. The stock has a market cap of $333.25 billion, a price-to-earnings ratio of 31.19, a price-to-earnings-growth ratio of 1.26 and a beta of 1.58. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.37 and a quick ratio of 0.85.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, topping analysts’ consensus estimates of $6.22 by $1.95. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The firm had revenue of $20.54 billion during the quarter, compared to the consensus estimate of $19.34 billion. During the same quarter in the previous year, the company posted $4.72 earnings per share. The firm’s revenue was up 23.7% on a year-over-year basis. Analysts anticipate that Caterpillar Inc. will post 27.49 earnings per share for the current year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Monday, October 26th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, October 26th. Caterpillar’s dividend payout ratio (DPR) is presently 28.06%.

Insider Activity at Caterpillar

In other news, CEO Joseph E. Creed sold 32,401 shares of Caterpillar stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $808.98, for a total value of $26,211,760.98. Following the completion of the transaction, the chief executive officer directly owned 34,555 shares of the company’s stock, valued at approximately $27,954,303.90. The trade was a 48.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on CAT shares. President Capital started coverage on shares of Caterpillar in a research note on Friday, September 18th. They issued a “buy” rating and a $999.00 price target for the company. Erste Group Bank cut shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Monday, July 27th. Freedom Broker upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and set a $980.00 price objective on the stock in a research note on Thursday, September 10th. Robert W. Baird set a $970.00 price objective on shares of Caterpillar in a report on Wednesday, August 5th. Finally, Royal Bank Of Canada boosted their target price on shares of Caterpillar from $877.00 to $897.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $967.83.

Caterpillar Company Profile

Caterpillar Inc is a manufacturer of construction, mining, and industrial equipment. Its product portfolio includes excavators, bulldozers, wheel loaders, motor graders, articulated trucks, and other machinery used in construction, infrastructure development, mining, quarrying, forestry, and related industries. The company also produces diesel and natural gas engines, industrial gas turbines, generator sets, and other power-generation and transportation equipment.

Caterpillar operates through businesses focused on construction industries, resource industries, and energy and transportation.