Caterpillar Inc. (NYSE:CAT) Stake Raised by Nelson Van Denburg & Campbell Wealth Management Group LLC

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Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in Caterpillar Inc. (NYSE:CAT) by 34.7% in the 3rd quarter, Holdings Channel reports. The fund owned 757 shares of the industrial products company’s stock after purchasing an additional 195 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Caterpillar were worth $90,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Pacific Wealth Strategies Group Inc. lifted its stake in Caterpillar by 2.1% in the 3rd quarter. Pacific Wealth Strategies Group Inc. now owns 8,643 shares of the industrial products company’s stock worth $1,092,000 after acquiring an additional 174 shares in the last quarter. TIAA FSB lifted its stake in Caterpillar by 7.8% in the 3rd quarter. TIAA FSB now owns 27,252 shares of the industrial products company’s stock worth $3,443,000 after acquiring an additional 1,962 shares in the last quarter. Trust Co. of Toledo NA OH lifted its stake in Caterpillar by 32.6% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 8,138 shares of the industrial products company’s stock worth $1,028,000 after acquiring an additional 2,000 shares in the last quarter. Northstar Investment Advisors LLC purchased a new stake in Caterpillar in the 3rd quarter worth about $244,000. Finally, Hennessy Advisors Inc. lifted its stake in Caterpillar by 39.0% in the 3rd quarter. Hennessy Advisors Inc. now owns 27,100 shares of the industrial products company’s stock worth $3,423,000 after acquiring an additional 7,600 shares in the last quarter. 64.95% of the stock is owned by hedge funds and other institutional investors.

CAT opened at $128.40 on Friday. The firm has a market capitalization of $67.20 billion, a P/E ratio of 11.44, a price-to-earnings-growth ratio of 0.86 and a beta of 1.52. The stock’s 50 day moving average price is $123.42 and its two-hundred day moving average price is $129.20. The company has a quick ratio of 1.00, a current ratio of 1.43 and a debt-to-equity ratio of 1.66. Caterpillar Inc. has a 12-month low of $111.75 and a 12-month high of $144.77.

Caterpillar (NYSE:CAT) last released its earnings results on Wednesday, July 24th. The industrial products company reported $2.83 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.12 by ($0.29). The business had revenue of $14.43 billion during the quarter, compared to analyst estimates of $14.47 billion. Caterpillar had a net margin of 11.26% and a return on equity of 43.35%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business earned $2.97 EPS. As a group, analysts anticipate that Caterpillar Inc. will post 11.58 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Friday, October 18th. Caterpillar’s dividend payout ratio (DPR) is currently 36.72%.

In other Caterpillar news, General Counsel Suzette M. Long sold 5,019 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $126.34, for a total value of $634,100.46. Following the sale, the general counsel now owns 12,569 shares of the company’s stock, valued at approximately $1,587,967.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.37% of the company’s stock.

Several equities research analysts recently issued reports on CAT shares. Buckingham Research downgraded Caterpillar from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $162.00 to $140.00 in a research note on Thursday, July 25th. Bank of America reaffirmed a “buy” rating and issued a $145.00 target price (down from $150.00) on shares of Caterpillar in a research report on Monday, September 9th. Atlantic Securities lowered Caterpillar from a “neutral” rating to an “underweight” rating in a research report on Friday, June 21st. Royal Bank of Canada reaffirmed a “hold” rating on shares of Caterpillar in a research report on Wednesday, August 14th. Finally, Wells Fargo & Co lowered Caterpillar from an “outperform” rating to a “market perform” rating and set a $143.00 target price on the stock. in a research report on Wednesday, September 11th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $137.66.

Caterpillar Company Profile

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

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Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT).

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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