Caterpillar Inc. $CAT Shares Bought by LMG Wealth Partners LLC

LMG Wealth Partners LLC raised its stake in Caterpillar Inc. (NYSE:CAT) by 3.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,283 shares of the industrial products company’s stock after acquiring an additional 324 shares during the quarter. LMG Wealth Partners LLC’s holdings in Caterpillar were worth $3,992,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CAT. Pacific Point Advisors LLC acquired a new position in Caterpillar in the fourth quarter valued at approximately $579,000. Brighton Jones LLC lifted its holdings in Caterpillar by 51.5% in the fourth quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock valued at $2,688,000 after acquiring an additional 2,519 shares during the period. GAMMA Investing LLC lifted its holdings in Caterpillar by 32.0% in the first quarter. GAMMA Investing LLC now owns 11,311 shares of the industrial products company’s stock valued at $3,730,000 after acquiring an additional 2,745 shares during the period. Advisor Resource Council acquired a new position in Caterpillar in the first quarter valued at approximately $755,000. Finally, PFG Investments LLC raised its stake in shares of Caterpillar by 4.1% during the 1st quarter. PFG Investments LLC now owns 6,122 shares of the industrial products company’s stock worth $2,019,000 after buying an additional 243 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Caterpillar

In other news, insider Jason Kaiser sold 2,161 shares of the company’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $417.70, for a total value of $902,649.70. Following the transaction, the insider owned 8,632 shares of the company’s stock, valued at $3,605,586.40. This represents a 20.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Susan C. Schwab sold 2,324 shares of the company’s 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 completion of the transaction, the director directly owned 6,917 shares in the company, valued at approximately $2,835,970. This trade represents a 25.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,985 shares of company stock worth $25,559,300 in the last three months. 0.33% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Caterpillar in a research note on Tuesday, October 14th. Sanford C. Bernstein upped their target price on Caterpillar from $447.00 to $502.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 14th. Robert W. Baird upped their target price on Caterpillar from $495.00 to $540.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 17th. UBS Group upped their target price on Caterpillar from $450.00 to $506.00 and gave the stock a “neutral” rating in a research note on Monday, October 13th. Finally, Truist Financial upped their target price on Caterpillar from $507.00 to $582.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $510.60.

Caterpillar Stock Down 2.5%

Shares of CAT opened at $527.41 on Monday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 1.34. Caterpillar Inc. has a one year low of $267.30 and a one year high of $544.99. The stock has a market capitalization of $247.08 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 3.00 and a beta of 1.46. The stock has a 50 day moving average price of $453.38 and a 200 day moving average price of $391.52.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.88 by ($0.16). The company had revenue of $16.57 billion during 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 firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.99 earnings per share. Equities research analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Monday, October 20th will be issued a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, October 20th. Caterpillar’s dividend payout ratio is presently 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.