1,240 Shares in Caterpillar Inc. $CAT Acquired by Buckhead Capital Management LLC

Buckhead Capital Management LLC purchased a new stake in Caterpillar Inc. (NYSE:CAT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,240 shares of the industrial products company’s stock, valued at approximately $592,000.

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

Insider Activity

In other Caterpillar news, insider Jason Kaiser sold 10,707 shares of Caterpillar stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $563.60, for a total value of $6,034,465.20. Following the completion of the sale, the insider directly owned 8,649 shares in the company, valued at $4,874,576.40. The trade was a 55.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lange Bob De sold 14,638 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $562.36, for a total transaction of $8,231,825.68. Following the completion of the sale, the insider directly owned 80,209 shares of the company’s stock, valued at $45,106,333.24. This represents a 15.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 79,061 shares of company stock valued at $41,949,366. 0.33% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CAT has been the topic of several analyst reports. Sanford C. Bernstein reissued a “market perform” rating on shares of Caterpillar in a research report on Wednesday, November 5th. Royal Bank Of Canada assumed coverage on shares of Caterpillar in a research report on Wednesday, October 22nd. They set a “sector perform” rating and a $560.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on shares of Caterpillar from $650.00 to $730.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Morgan Stanley increased their target price on Caterpillar from $380.00 to $395.00 and gave the company an “underweight” rating in a report on Wednesday, December 10th. Finally, Barclays lifted their price target on Caterpillar from $485.00 to $555.00 and gave the company an “equal weight” rating in a report on Thursday, October 30th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $612.16.

Caterpillar Trading Up 0.7%

NYSE CAT opened at $565.73 on Friday. The company has a current ratio of 1.38, a quick ratio of 0.86 and a debt-to-equity ratio of 1.34. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $627.50. The firm’s fifty day simple moving average is $561.06 and its 200-day simple moving average is $467.10. The company has a market capitalization of $264.75 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 2.65 and a beta of 1.57.

Caterpillar (NYSE:CAT) last issued 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. Caterpillar had a return on equity of 47.16% and a net margin of 14.34%.The firm had revenue of $17.64 billion for the quarter, compared to the consensus estimate of $16.72 billion. During the same quarter in the previous year, the company posted $5.17 earnings per share. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Investors 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 dividend on an annualized basis and a yield of 1.1%. Caterpillar’s dividend payout ratio is currently 31.01%.

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.