Kingsview Wealth Management LLC Buys 78 Shares of Caterpillar Inc. (NYSE:CAT)

Kingsview Wealth Management LLC lifted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,736 shares of the industrial products company’s stock after acquiring an additional 78 shares during the period. Kingsview Wealth Management LLC’s holdings in Caterpillar were worth $4,590,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CAT. Bbjs Financial Advisors LLC bought a new position in shares of Caterpillar in the second quarter valued at about $28,000. Financial Connections Group Inc. bought a new position in shares of Caterpillar in the second quarter valued at about $28,000. Fairscale Capital LLC bought a new position in Caterpillar during the second quarter worth about $36,000. Capital Performance Advisors LLP bought a new position in Caterpillar during the third quarter worth about $36,000. Finally, POM Investment Strategies LLC increased its position in Caterpillar by 2,160.0% during the second quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 108 shares during the period. Institutional investors own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CAT shares. Morgan Stanley lowered shares of Caterpillar from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $349.00 to $332.00 in a research report on Monday, October 14th. JPMorgan Chase & Co. raised their price target on shares of Caterpillar from $435.00 to $500.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Evercore ISI lowered shares of Caterpillar from an “in-line” rating to an “underperform” rating and raised their target price for the company from $321.00 to $365.00 in a report on Wednesday, November 13th. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, September 24th. Finally, Citigroup decreased their target price on shares of Caterpillar from $445.00 to $435.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $365.33.

Caterpillar Stock Up 2.0 %

Shares of NYSE CAT opened at $397.49 on Friday. The company has a market capitalization of $191.91 billion, a P/E ratio of 18.43, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. Caterpillar Inc. has a 52-week low of $246.01 and a 52-week high of $418.50. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. The company’s 50 day moving average price is $386.81 and its 200-day moving average price is $355.84.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). The firm had revenue of $16.11 billion during the quarter, compared to analyst estimates of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $5.52 EPS. Equities analysts forecast that Caterpillar Inc. will post 21.68 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st were paid a $1.41 dividend. The ex-dividend date was Monday, October 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.42%. Caterpillar’s dividend payout ratio is currently 26.15%.

Insider Activity

In other Caterpillar news, Director Gerald Johnson purchased 100 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was acquired at an average price of $338.59 per share, for a total transaction of $33,859.00. Following the purchase, the director now owns 2,842 shares of the company’s stock, valued at $962,272.78. This trade represents a 3.65 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Lange Bob De sold 12,657 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $410.25, for a total transaction of $5,192,534.25. Following the sale, the insider now owns 71,107 shares of the company’s stock, valued at $29,171,646.75. This trade represents a 15.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,774 shares of company stock worth $8,233,034 in the last quarter. 0.29% of the stock is owned by corporate insiders.

Caterpillar Company 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.