Wagner Wealth Management LLC Invests $251,000 in Caterpillar Inc. (NYSE:CAT)

Wagner Wealth Management LLC purchased a new position in shares of Caterpillar Inc. (NYSE:CAT) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 642 shares of the industrial products company’s stock, valued at approximately $251,000.

Several other institutional investors also recently modified their holdings of CAT. Sunpointe LLC acquired a new stake in Caterpillar during the 4th quarter worth about $210,000. Beacon Financial Group grew its holdings in Caterpillar by 3.9% during the 4th quarter. Beacon Financial Group now owns 1,085 shares of the industrial products company’s stock worth $321,000 after acquiring an additional 41 shares during the period. EP Wealth Advisors LLC grew its holdings in Caterpillar by 4.8% during the 4th quarter. EP Wealth Advisors LLC now owns 8,878 shares of the industrial products company’s stock worth $2,625,000 after acquiring an additional 404 shares during the period. Scarborough Advisors LLC acquired a new stake in Caterpillar during the 4th quarter worth about $77,000. Finally, Pineridge Advisors LLC acquired a new stake in Caterpillar during the 4th quarter worth about $36,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Caterpillar

In other Caterpillar news, Director Gerald Johnson purchased 100 shares of Caterpillar stock in a transaction that occurred on Wednesday, September 4th. The stock was purchased at an average price of $338.59 per share, for a total transaction of $33,859.00. Following the transaction, the director now directly owns 2,842 shares in the company, valued at $962,272.78. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Cheryl H. Johnson sold 1,508 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $350.00, for a total value of $527,800.00. Following the sale, the insider now directly owns 18,515 shares of the company’s stock, valued at approximately $6,480,250. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gerald Johnson bought 100 shares of Caterpillar stock in a transaction on Wednesday, September 4th. The stock was purchased at an average price of $338.59 per share, for a total transaction of $33,859.00. Following the completion of the acquisition, the director now owns 2,842 shares in the company, valued at $962,272.78. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 7,668 shares of company stock worth $2,665,760. 0.33% of the stock is currently owned by insiders.

Caterpillar Trading Up 1.4 %

CAT stock traded up $5.38 during trading on Friday, reaching $402.02. 2,110,351 shares of the stock were exchanged, compared to its average volume of 2,650,572. The company has a current ratio of 1.28, a quick ratio of 0.78 and a debt-to-equity ratio of 1.39. The business has a 50 day moving average price of $357.45 and a 200-day moving average price of $349.37. Caterpillar Inc. has a 1 year low of $223.76 and a 1 year high of $403.60. The firm has a market capitalization of $196.61 billion, a price-to-earnings ratio of 18.15, a P/E/G ratio of 1.85 and a beta of 1.10.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $5.99 earnings per share for the quarter, beating analysts’ consensus estimates of $5.53 by $0.46. The firm had revenue of $16.69 billion during the quarter, compared to analysts’ expectations of $16.91 billion. Caterpillar had a net margin of 16.58% and a return on equity of 59.88%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.55 earnings per share. On average, research analysts predict that Caterpillar Inc. will post 21.91 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st will be given a dividend of $1.41 per share. The ex-dividend date is Monday, October 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.40%. Caterpillar’s dividend payout ratio is presently 25.46%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CAT shares. Evercore ISI cut their price objective on shares of Caterpillar from $338.00 to $321.00 and set an “in-line” rating on the stock in a research report on Monday, August 19th. UBS Group lifted their target price on shares of Caterpillar from $270.00 to $285.00 and gave the stock a “sell” rating in a research report on Wednesday, August 7th. Raymond James initiated coverage on shares of Caterpillar in a research note on Friday, June 28th. They set a “market perform” rating for the company. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, Barclays lifted their price objective on shares of Caterpillar from $315.00 to $335.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $347.56.

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.