TD Waterhouse Canada Inc. Acquires 213 Shares of Caterpillar Inc. $CAT

TD Waterhouse Canada Inc. increased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 0.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 62,429 shares of the industrial products company’s stock after purchasing an additional 213 shares during the period. TD Waterhouse Canada Inc.’s holdings in Caterpillar were worth $24,393,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Caterpillar in the second quarter valued at approximately $28,000. Compass Financial Services Inc boosted its holdings in Caterpillar by 49.2% in the 1st quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 31 shares during the period. Family Legacy Financial Solutions LLC acquired a new stake in Caterpillar in the 2nd quarter worth $32,000. Harbor Asset Planning Inc. bought a new position in shares of Caterpillar during the 2nd quarter worth about $34,000. Finally, Total Wealth Planning & Management Inc. acquired a new position in shares of Caterpillar during the second quarter valued at about $38,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Stock Performance

Caterpillar stock opened at $546.75 on Wednesday. The firm has a market capitalization of $255.87 billion, a P/E ratio of 28.07, a P/E/G ratio of 3.33 and a beta of 1.51. The stock has a fifty day moving average price of $511.40 and a two-hundred day moving average price of $431.86. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $596.21. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.38 and a quick ratio of 0.81.

Caterpillar (NYSE:CAT) last issued its earnings results on Wednesday, October 29th. The industrial products company reported $4.95 EPS for the quarter, beating the consensus estimate of $4.52 by $0.43. Caterpillar had a net margin of 14.34% and a return on equity of 47.16%. The company had revenue of $17.64 billion for the quarter, compared to the consensus estimate of $16.72 billion. During the same quarter in the previous year, the company earned $5.17 EPS. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Monday, October 20th will be paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, October 20th. Caterpillar’s dividend payout ratio is currently 31.01%.

Insider Activity at Caterpillar

In other news, insider Lange Bob De sold 14,638 shares of Caterpillar stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $562.36, for a total value of $8,231,825.68. Following the completion of the transaction, the insider owned 80,209 shares in the company, valued at approximately $45,106,333.24. The trade was a 15.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David Maclennan purchased 300 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were acquired at an average price of $568.86 per share, for a total transaction of $170,658.00. Following the completion of the transaction, the director owned 7,947 shares in the company, valued at $4,520,730.42. The trade was a 3.92% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have sold 86,229 shares of company stock valued at $43,323,118. Insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CAT shares. Barclays lifted their target price on Caterpillar from $485.00 to $555.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 30th. Morgan Stanley boosted their price objective on Caterpillar from $350.00 to $380.00 and gave the company an “underweight” rating in a research report on Thursday, October 30th. Bank of America raised their target price on Caterpillar from $594.00 to $650.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Jefferies Financial Group boosted their price target on shares of Caterpillar from $570.00 to $700.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Finally, UBS Group increased their price objective on shares of Caterpillar from $506.00 to $581.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $600.94.

About Caterpillar

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.