Vanguard Capital Wealth Advisors Raises Position in Caterpillar Inc. (NYSE:CAT)

Vanguard Capital Wealth Advisors boosted its stake in Caterpillar Inc. (NYSE:CAT) by 0.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,466 shares of the industrial products company’s stock after buying an additional 28 shares during the period. Caterpillar accounts for approximately 1.4% of Vanguard Capital Wealth Advisors’ portfolio, making the stock its 12th largest position. Vanguard Capital Wealth Advisors’ holdings in Caterpillar were worth $1,356,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jacobsen Capital Management purchased a new position in shares of Caterpillar during the third quarter valued at approximately $216,000. Fidelis Capital Partners LLC lifted its holdings in shares of Caterpillar by 5.5% during the third quarter. Fidelis Capital Partners LLC now owns 8,684 shares of the industrial products company’s stock valued at $3,350,000 after purchasing an additional 456 shares during the last quarter. Valmark Advisers Inc. lifted its holdings in shares of Caterpillar by 7.2% during the third quarter. Valmark Advisers Inc. now owns 3,272 shares of the industrial products company’s stock valued at $1,280,000 after purchasing an additional 221 shares during the last quarter. Andina Capital Management LLC lifted its holdings in shares of Caterpillar by 11.7% during the third quarter. Andina Capital Management LLC now owns 1,489 shares of the industrial products company’s stock valued at $582,000 after purchasing an additional 156 shares during the last quarter. Finally, Davidson Capital Management Inc. lifted its holdings in shares of Caterpillar by 44,247.6% during the third quarter. Davidson Capital Management Inc. now owns 9,313 shares of the industrial products company’s stock valued at $3,643,000 after purchasing an additional 9,292 shares during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 3,185 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $351.36, for a total value of $1,119,081.60. Following the sale, the insider now owns 33,442 shares in the company, valued at $11,750,181.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Caterpillar news, insider Anthony D. Fassino sold 3,185 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $351.36, for a total value of $1,119,081.60. Following the sale, the insider now owns 33,442 shares in the company, valued at $11,750,181.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cheryl H. Johnson sold 2,975 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $342.48, for a total transaction of $1,018,878.00. Following the completion of the sale, the insider now owns 15,615 shares in the company, valued at approximately $5,347,825.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.

Caterpillar Trading Down 0.7 %

Shares of CAT stock opened at $387.77 on Wednesday. Caterpillar Inc. has a 1 year low of $223.76 and a 1 year high of $403.60. The firm has a fifty day moving average price of $370.38 and a 200-day moving average price of $350.94. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.28 and a quick ratio of 0.78. The company has a market cap of $189.64 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 1.85 and a beta of 1.10.

Caterpillar (NYSE:CAT) last released its earnings results 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. Caterpillar had a net margin of 16.58% and a return on equity of 59.88%. The company had revenue of $16.69 billion for the quarter, compared to analysts’ expectations of $16.91 billion. During the same quarter in the previous year, the company earned $5.55 EPS. Caterpillar’s revenue for the quarter was down 3.6% on a year-over-year basis. As a group, equities analysts predict that Caterpillar Inc. will post 21.91 earnings per share for the current year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, October 21st will be paid a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Monday, October 21st. Caterpillar’s dividend payout ratio (DPR) is 25.46%.

Analyst Ratings Changes

CAT has been the subject of several recent research reports. Barclays lifted their target price on shares of Caterpillar from $315.00 to $335.00 and gave the company an “equal weight” rating in a report on Wednesday, August 7th. StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Truist Financial raised their price target on shares of Caterpillar from $399.00 to $456.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Citigroup raised their price target on shares of Caterpillar from $380.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, Bank of America raised their price target on shares of Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $355.50.

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.