321 Shares in Caterpillar Inc. $CAT Acquired by FNY Investment Advisers LLC

FNY Investment Advisers LLC purchased a new position in shares of Caterpillar Inc. (NYSE:CAT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 321 shares of the industrial products company’s stock, valued at approximately $124,000.

Other large investors also recently modified their holdings of the company. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Caterpillar during the second quarter worth approximately $28,000. Family Legacy Financial Solutions LLC acquired a new position in shares of Caterpillar during the second quarter worth approximately $32,000. Harbor Asset Planning Inc. acquired a new position in shares of Caterpillar during the second quarter worth approximately $34,000. Compass Financial Services Inc lifted its holdings in shares of Caterpillar by 49.2% during the first quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock worth $31,000 after buying an additional 31 shares during the last quarter. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of Caterpillar during the first quarter worth approximately $33,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Stock Performance

Shares of NYSE:CAT opened at $513.70 on Thursday. The business’s fifty day moving average price is $460.10 and its two-hundred day moving average price is $394.97. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $544.99. The stock has a market capitalization of $240.66 billion, a price-to-earnings ratio of 26.13, a price-to-earnings-growth ratio of 2.99 and a beta of 1.46. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.16). Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The company had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $16.14 billion. During the same quarter last year, the company earned $5.99 earnings per share. The business’s revenue was down .7% on a year-over-year basis. As a group, analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Monday, October 20th will be given a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, October 20th. Caterpillar’s dividend payout ratio is 30.72%.

Wall Street Analyst Weigh In

CAT has been the subject of a number of research analyst reports. Evercore ISI upgraded Caterpillar from an “in-line” rating to an “outperform” rating and set a $476.00 price target for the company in a report on Tuesday, August 19th. Jefferies Financial Group upped their target price on Caterpillar from $500.00 to $570.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on Caterpillar from $505.00 to $650.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Melius upgraded Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 target price for the company in a research note on Wednesday, July 9th. Finally, Erste Group Bank upgraded Caterpillar from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $518.19.

Insider Buying and Selling at Caterpillar

In other Caterpillar 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 sale, the insider directly owned 8,632 shares in the company, valued at $3,605,586.40. This represents a 20.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Donald J. Umpleby III sold 17,166 shares of the stock in a transaction on Friday, October 10th. The stock was sold at an average price of $505.29, for a total value of $8,673,808.14. Following the sale, the chairman owned 448,173 shares in the company, valued at $226,457,335.17. The trade was a 3.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,985 shares of company stock worth $25,559,300 over the last three months. Company insiders own 0.33% of the company’s stock.

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.