Caterpillar Inc. $CAT Shares Acquired by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC increased its position in Caterpillar Inc. (NYSE:CAT) by 37.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,475 shares of the industrial products company’s stock after acquiring an additional 670 shares during the period. Resonant Capital Advisors LLC’s holdings in Caterpillar were worth $961,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Mid American Wealth Advisory Group Inc. acquired a new position in Caterpillar during the 2nd quarter valued at about $28,000. Family Legacy Financial Solutions LLC acquired a new position in Caterpillar during the 2nd quarter valued at about $32,000. Harbor Asset Planning Inc. acquired a new position in Caterpillar during the 2nd quarter valued at about $34,000. Compass Financial Services Inc increased its stake in Caterpillar by 49.2% during the 1st quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock valued at $31,000 after buying an additional 31 shares during the period. Finally, Redmont Wealth Advisors LLC acquired a new position in Caterpillar during the 1st quarter valued at about $33,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Stock Performance

Shares of CAT opened at $522.13 on Monday. Caterpillar Inc. has a one year low of $267.30 and a one year high of $544.99. The company has a 50-day moving average of $464.46 and a two-hundred day moving average of $399.92. The stock has a market cap of $244.60 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 2.98 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 earnings results on Tuesday, August 5th. The industrial products company reported $4.72 EPS for the quarter, missing the consensus estimate of $4.88 by ($0.16). Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The firm had revenue of $16.57 billion during the quarter, compared to analyst estimates of $16.14 billion. During the same quarter in the previous year, the business earned $5.99 earnings per share. The business’s quarterly revenue was down .7% compared to the same quarter last year. On average, equities research analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Dividend Announcement

The company 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 dividend yield of 1.2%. The ex-dividend date is Monday, October 20th. Caterpillar’s dividend payout ratio (DPR) is presently 30.72%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Oppenheimer raised their target price on shares of Caterpillar from $480.00 to $513.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Weiss Ratings restated a “buy (b)” rating on shares of Caterpillar in a research report on Tuesday, October 14th. Melius Research upgraded shares of Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 price objective for the company in a research report on Wednesday, July 9th. UBS Group raised their price objective on shares of Caterpillar from $450.00 to $506.00 and gave the company a “neutral” rating in a research report on Monday, October 13th. Finally, DA Davidson raised their price objective on shares of Caterpillar from $331.00 to $388.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Caterpillar currently has a consensus rating of “Moderate Buy” and an average target price of $518.19.

Insider Buying and Selling

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

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.