Bank of Montreal Can Has $352.35 Million Stake in Caterpillar Inc. (NYSE:CAT)

Bank of Montreal Can grew its holdings in Caterpillar Inc. (NYSE:CAT) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 900,971 shares of the industrial products company’s stock after purchasing an additional 24,577 shares during the quarter. Bank of Montreal Can owned about 0.19% of Caterpillar worth $352,352,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Bbjs Financial Advisors LLC bought a new position in Caterpillar in the 2nd quarter worth approximately $28,000. Financial Connections Group Inc. bought a new position in Caterpillar during the second quarter worth $28,000. Capital Performance Advisors LLP acquired a new position in Caterpillar during the 3rd quarter valued at $36,000. Fairscale Capital LLC bought a new stake in Caterpillar in the 2nd quarter valued at $36,000. Finally, POM Investment Strategies LLC increased its holdings in shares of Caterpillar by 2,160.0% during the 2nd quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 108 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Anthony D. Fassino sold 3,185 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $351.36, for a total transaction of $1,119,081.60. Following the transaction, the insider now owns 33,442 shares of the company’s stock, valued at $11,750,181.12. This represents a 8.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gerald Johnson acquired 100 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was purchased at an average price of $338.59 per share, with a total value of $33,859.00. Following the completion of the transaction, the director now owns 2,842 shares of the company’s stock, valued at approximately $962,272.78. This trade represents a 3.65 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 20,774 shares of company stock valued at $8,233,034. 0.29% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Barclays increased their target price on shares of Caterpillar from $315.00 to $335.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. UBS Group lifted their price objective on Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a report on Monday, November 4th. Citigroup cut their target price on Caterpillar from $445.00 to $435.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. 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 report on Monday, September 30th. Finally, Evercore ISI downgraded shares of Caterpillar from an “in-line” rating to an “underperform” rating and raised their price objective for the stock from $321.00 to $365.00 in a report on Wednesday, November 13th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $365.33.

Caterpillar Price Performance

CAT stock traded up $8.74 during midday trading on Monday, reaching $406.23. 378,321 shares of the company’s stock traded hands, compared to its average volume of 2,586,205. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. The company has a market cap of $196.13 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 1.96 and a beta of 1.10. The company has a 50-day simple moving average of $386.81 and a two-hundred day simple moving average of $356.00. Caterpillar Inc. has a 1-year low of $246.01 and a 1-year high of $418.50.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The company had revenue of $16.11 billion for the quarter, compared to analyst estimates of $16.37 billion. During the same quarter last year, the company earned $5.52 EPS. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. On average, analysts anticipate that Caterpillar Inc. will post 21.67 earnings per share for the current year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Monday, October 21st were given a $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Monday, October 21st. Caterpillar’s dividend payout ratio (DPR) is presently 26.15%.

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.