18,930 Shares in Caterpillar Inc. $CAT Purchased by Caldwell Trust Co

Caldwell Trust Co purchased a new stake in Caterpillar Inc. (NYSE:CAT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 18,930 shares of the industrial products company’s stock, valued at approximately $7,349,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CAT. Aire Advisors LLC lifted its position in Caterpillar by 0.3% during the second quarter. Aire Advisors LLC now owns 9,042 shares of the industrial products company’s stock valued at $3,510,000 after purchasing an additional 25 shares during the last quarter. Dumont & Blake Investment Advisors LLC lifted its holdings in shares of Caterpillar by 0.5% during the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 4,954 shares of the industrial products company’s stock worth $1,923,000 after acquiring an additional 25 shares during the last quarter. Redwood Wealth Management Group LLC increased its stake in Caterpillar by 0.9% in the second quarter. Redwood Wealth Management Group LLC now owns 2,669 shares of the industrial products company’s stock valued at $1,036,000 after acquiring an additional 25 shares during the last quarter. Tsfg LLC raised its position in Caterpillar by 9.8% during the second quarter. Tsfg LLC now owns 279 shares of the industrial products company’s stock valued at $108,000 after purchasing an additional 25 shares in the last quarter. Finally, FSB Premier Wealth Management Inc. lifted its stake in Caterpillar by 2.1% during the second quarter. FSB Premier Wealth Management Inc. now owns 1,193 shares of the industrial products company’s stock worth $463,000 after purchasing an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In other Caterpillar news, Director David Maclennan bought 300 shares of Caterpillar stock in a transaction dated Thursday, November 6th. The shares were purchased at an average cost of $568.86 per share, with a total value of $170,658.00. Following the completion of the purchase, the director owned 7,947 shares of the company’s stock, valued at approximately $4,520,730.42. This represents a 3.92% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $571.44, for a total value of $5,714,400.00. Following the completion of the sale, the chief financial officer directly owned 55,460 shares of the company’s stock, valued at $31,692,062.40. The trade was a 15.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 79,061 shares of company stock worth $41,949,366. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Stock Down 4.4%

Shares of NYSE CAT opened at $597.88 on Monday. The company has a market cap of $279.80 billion, a price-to-earnings ratio of 30.69, a PEG ratio of 2.82 and a beta of 1.57. The company has a quick ratio of 0.86, a current ratio of 1.38 and a debt-to-equity ratio of 1.34. The firm’s fifty day moving average is $554.63 and its 200 day moving average is $462.36. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $627.50.

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

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Tuesday, January 20th will be issued a $1.51 dividend. The ex-dividend date is Tuesday, January 20th. This represents a $6.04 annualized dividend and a yield of 1.0%. Caterpillar’s dividend payout ratio (DPR) is 31.01%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CAT. Evercore ISI raised their price objective on Caterpillar from $476.00 to $630.00 and gave the company an “outperform” rating in a report on Monday, November 17th. Oppenheimer increased their price target on shares of Caterpillar from $513.00 to $645.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Royal Bank Of Canada began coverage on shares of Caterpillar in a report on Wednesday, October 22nd. They issued a “sector perform” rating and a $560.00 price objective for the company. Hsbc Global Res raised shares of Caterpillar from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Finally, Bank of America lifted their target price on shares of Caterpillar from $594.00 to $650.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Caterpillar has an average rating of “Moderate Buy” and a consensus price target of $612.16.

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.