1,296 Shares in Caterpillar Inc. (NYSE:CAT) Acquired by Calton & Associates Inc.

Calton & Associates Inc. bought a new position in Caterpillar Inc. (NYSE:CAT) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 1,296 shares of the industrial products company’s stock, valued at approximately $507,000.

Several other institutional investors have also modified their holdings of CAT. Foundations Investment Advisors LLC raised its stake in Caterpillar by 8.9% during the third quarter. Foundations Investment Advisors LLC now owns 6,831 shares of the industrial products company’s stock worth $2,672,000 after purchasing an additional 556 shares during the period. Ledyard National Bank raised its stake in Caterpillar by 1.4% during the third quarter. Ledyard National Bank now owns 13,283 shares of the industrial products company’s stock worth $5,195,000 after purchasing an additional 179 shares during the period. Precision Wealth Strategies LLC raised its stake in Caterpillar by 9.7% during the third quarter. Precision Wealth Strategies LLC now owns 963 shares of the industrial products company’s stock worth $377,000 after purchasing an additional 85 shares during the period. Waterway Wealth Management LLC raised its stake in Caterpillar by 9.4% during the third quarter. Waterway Wealth Management LLC now owns 1,636 shares of the industrial products company’s stock worth $640,000 after purchasing an additional 141 shares during the period. Finally, Integrity Wealth Solutions LLC purchased a new position in Caterpillar during the third quarter worth about $243,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on CAT. JPMorgan Chase & Co. lifted their target price on shares of Caterpillar from $435.00 to $500.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. 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 note on Wednesday, August 7th. 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 note on Wednesday, October 9th. Bank of America boosted their price target on shares of Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $355.50.

Caterpillar Price Performance

NYSE:CAT traded down $2.64 during mid-day trading on Tuesday, hitting $387.84. 75,344 shares of the company’s stock traded hands, compared to its average volume of 2,629,770. 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 firm’s 50 day simple moving average is $364.94 and its 200 day simple moving average is $350.30. Caterpillar Inc. has a 1 year low of $223.76 and a 1 year high of $403.60. The company has a market cap of $189.67 billion, a PE ratio of 17.63, a price-to-earnings-growth 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 EPS for the quarter, topping analysts’ consensus estimates of $5.53 by $0.46. The business had revenue of $16.69 billion during the quarter, compared to the consensus estimate of $16.91 billion. Caterpillar had a net margin of 16.58% and a return on equity of 59.88%. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.55 earnings per share. Sell-side analysts expect 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 issued 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 1.45%. Caterpillar’s dividend payout ratio (DPR) is presently 25.46%.

Insider Transactions at Caterpillar

In related news, insider Anthony D. Fassino sold 3,185 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $351.36, for a total value of $1,119,081.60. Following the completion of the sale, the insider now directly owns 33,442 shares in the company, valued at approximately $11,750,181.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Caterpillar news, Director Gerald Johnson purchased 100 shares of Caterpillar stock in a transaction on Wednesday, September 4th. The shares were purchased at an average cost of $338.59 per share, with a total value of $33,859.00. Following the completion of the transaction, the director now directly owns 2,842 shares in the company, valued at approximately $962,272.78. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anthony D. Fassino sold 3,185 shares of Caterpillar stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $351.36, for a total transaction of $1,119,081.60. Following the transaction, the insider now directly owns 33,442 shares in the company, valued at approximately $11,750,181.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

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.