Caterpillar Inc. (NYSE:CAT) Shares Acquired by Global Assets Advisory LLC

Global Assets Advisory LLC grew its holdings in Caterpillar Inc. (NYSE:CAT) by 15.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 760 shares of the industrial products company’s stock after acquiring an additional 100 shares during the period. Global Assets Advisory LLC’s holdings in Caterpillar were worth $298,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of CAT. Atlas Capital Advisors LLC grew its stake in shares of Caterpillar by 1,041.4% in the first quarter. Atlas Capital Advisors LLC now owns 331 shares of the industrial products company’s stock worth $121,000 after acquiring an additional 302 shares in the last quarter. Brookstone Capital Management lifted its position in shares of Caterpillar by 3.2% during the 1st quarter. Brookstone Capital Management now owns 31,859 shares of the industrial products company’s stock worth $11,674,000 after purchasing an additional 996 shares during the last quarter. GoalVest Advisory LLC lifted its position in shares of Caterpillar by 18.4% during the 1st quarter. GoalVest Advisory LLC now owns 296 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 46 shares during the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of Caterpillar during the 1st quarter worth $249,000. Finally, Wealthcare Advisory Partners LLC lifted its position in shares of Caterpillar by 23.4% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 12,856 shares of the industrial products company’s stock worth $4,711,000 after purchasing an additional 2,440 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Caterpillar from $315.00 to $335.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 7th. Bank of America lifted their price objective on shares of Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Citigroup boosted their price target on shares of Caterpillar from $380.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Evercore ISI reduced their price target on shares of Caterpillar from $338.00 to $321.00 and set an “in-line” rating for the company in a research report on Monday, August 19th. Finally, UBS Group boosted their price target on shares of Caterpillar from $270.00 to $285.00 and gave the company a “sell” rating in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $355.50.

Insider Transactions at Caterpillar

In other news, insider Cheryl H. Johnson sold 2,975 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $342.48, for a total transaction of $1,018,878.00. Following the transaction, the insider now directly owns 15,615 shares in the company, valued at $5,347,825.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Caterpillar news, insider Cheryl H. Johnson sold 2,975 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $342.48, for a total transaction of $1,018,878.00. Following the transaction, the insider now directly owns 15,615 shares in the company, valued at approximately $5,347,825.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gerald Johnson bought 100 shares of the stock in a transaction on Wednesday, September 4th. The shares were bought at an average price of $338.59 per share, for a total transaction of $33,859.00. Following the completion of the transaction, the director now directly owns 2,842 shares of the company’s stock, valued at $962,272.78. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.33% of the company’s stock.

Caterpillar Price Performance

Shares of NYSE:CAT opened at $385.59 on Thursday. The company has a 50-day simple moving average of $366.90 and a 200-day simple moving average of $350.61. Caterpillar Inc. has a one year low of $223.76 and a one year high of $403.60. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.78 and a current ratio of 1.28. The stock has a market capitalization of $188.57 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 1.85 and a beta of 1.10.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $5.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.53 by $0.46. Caterpillar had a net margin of 16.58% and a return on equity of 59.88%. The business had revenue of $16.69 billion for the quarter, compared to analyst estimates of $16.91 billion. During the same period in the previous year, the business posted $5.55 earnings per share. The business’s revenue was down 3.6% compared to the same quarter last year. On average, analysts predict that Caterpillar Inc. will post 21.91 EPS for the current year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st will be paid a dividend of $1.41 per share. The ex-dividend date is Monday, October 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.46%. Caterpillar’s dividend payout ratio (DPR) is 25.46%.

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.