1,109 Shares in Caterpillar Inc. $CAT Acquired by TrueMark Investments LLC

TrueMark Investments LLC acquired a new position in Caterpillar Inc. (NYSE:CAT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,109 shares of the industrial products company’s stock, valued at approximately $431,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Caterpillar in the 2nd quarter worth approximately $47,522,000. Woodard & Co. Asset Management Group Inc. ADV boosted its holdings in Caterpillar by 4.9% in the 2nd quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 5,264 shares of the industrial products company’s stock worth $2,043,000 after buying an additional 248 shares during the period. United Bank boosted its holdings in Caterpillar by 108.5% in the 2nd quarter. United Bank now owns 4,083 shares of the industrial products company’s stock worth $1,585,000 after buying an additional 2,125 shares during the period. Quotient Wealth Partners LLC boosted its holdings in Caterpillar by 17.4% in the 2nd quarter. Quotient Wealth Partners LLC now owns 2,830 shares of the industrial products company’s stock worth $1,098,000 after buying an additional 420 shares during the period. Finally, Citizens Business Bank boosted its holdings in Caterpillar by 2.1% in the 2nd quarter. Citizens Business Bank now owns 1,686 shares of the industrial products company’s stock worth $655,000 after buying an additional 35 shares during the period. 70.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CAT has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Caterpillar from $505.00 to $650.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Citigroup increased their target price on shares of Caterpillar from $540.00 to $570.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Bank of America increased their target price on shares of Caterpillar from $517.00 to $594.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Barclays increased their target price on shares of Caterpillar from $425.00 to $485.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Oppenheimer increased their target price on shares of Caterpillar from $480.00 to $513.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $510.60.

Insider Activity

In related news, Director Susan C. Schwab sold 2,324 shares of Caterpillar stock in a transaction on Friday, August 15th. The shares were sold at an average price of $410.00, for a total value of $952,840.00. Following the transaction, the director owned 6,917 shares in the company, valued at $2,835,970. This trade represents a 25.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jason Kaiser sold 2,161 shares of Caterpillar stock in a transaction on Monday, August 11th. The stock was sold at an average price of $417.70, for a total transaction of $902,649.70. Following the completion of the transaction, the insider owned 8,632 shares in the company, valued at approximately $3,605,586.40. The trade was a 20.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,985 shares of company stock worth $25,559,300. 0.33% of the stock is currently owned by corporate insiders.

Caterpillar Stock Performance

Caterpillar stock opened at $527.41 on Monday. The firm’s fifty day moving average price is $453.38 and its 200-day moving average price is $391.52. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 1.34. The stock has a market cap of $247.08 billion, a P/E ratio of 26.83, a price-to-earnings-growth ratio of 3.00 and a beta of 1.46. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $544.99.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing the consensus estimate of $4.88 by ($0.16). The company had revenue of $16.57 billion for the quarter, compared to analysts’ expectations of $16.14 billion. Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $5.99 EPS. On average, equities research analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Monday, October 20th will be given a dividend of $1.51 per share. The ex-dividend date is Monday, October 20th. This represents a $6.04 annualized dividend and a dividend yield of 1.1%. Caterpillar’s dividend payout ratio (DPR) is 30.72%.

Caterpillar 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.