791 Shares in Caterpillar Inc. $CAT Purchased by Caliber Wealth Management LLC KS

Caliber Wealth Management LLC KS purchased a new position in Caterpillar Inc. (NYSE:CAT) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 791 shares of the industrial products company’s stock, valued at approximately $307,000.

Several other institutional investors also recently modified their holdings of the business. Pacific Point Advisors LLC purchased a new stake in Caterpillar during the 4th quarter valued at about $579,000. Brighton Jones LLC grew its position in Caterpillar by 51.5% during the 4th quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock valued at $2,688,000 after purchasing an additional 2,519 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Caterpillar by 32.0% during the 1st quarter. GAMMA Investing LLC now owns 11,311 shares of the industrial products company’s stock valued at $3,730,000 after acquiring an additional 2,745 shares during the last quarter. Valmark Advisers Inc. boosted its holdings in shares of Caterpillar by 2.6% during the 1st quarter. Valmark Advisers Inc. now owns 3,413 shares of the industrial products company’s stock valued at $1,126,000 after acquiring an additional 86 shares during the last quarter. Finally, GHP Investment Advisors Inc. boosted its holdings in shares of Caterpillar by 3.9% during the 1st quarter. GHP Investment Advisors Inc. now owns 2,287 shares of the industrial products company’s stock valued at $754,000 after acquiring an additional 85 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Stock Performance

CAT opened at $513.70 on Thursday. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $544.99. The company has a quick ratio of 0.81, a current ratio of 1.34 and a debt-to-equity ratio of 1.50. The company has a market cap of $240.66 billion, a P/E ratio of 26.13, a price-to-earnings-growth ratio of 2.99 and a beta of 1.46. The firm’s 50-day moving average price is $460.10 and its 200-day moving average price is $394.97.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.88 by ($0.16). The company had revenue of $16.57 billion for the quarter, compared to analyst estimates of $16.14 billion. Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The business’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the company earned $5.99 EPS. As a group, equities analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Monday, October 20th will be given a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, October 20th. Caterpillar’s dividend payout ratio is currently 30.72%.

Wall Street Analyst Weigh In

CAT has been the topic of a number of recent analyst reports. Citigroup raised their price target on shares of Caterpillar from $540.00 to $570.00 and gave the company a “buy” rating in a report on Tuesday, October 7th. Barclays raised their price objective on shares of Caterpillar from $425.00 to $485.00 and gave the stock an “equal weight” rating in a report on Friday, October 17th. Melius raised shares of Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 target price for the company in a research note on Wednesday, July 9th. Erste Group Bank raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Finally, Royal Bank Of Canada assumed coverage on shares of Caterpillar in a research note on Wednesday. They issued a “sector perform” rating and a $560.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Caterpillar currently has a consensus rating of “Moderate Buy” and an average target price of $518.19.

Insiders Place Their Bets

In other news, Chairman Donald J. Umpleby III sold 17,166 shares of the stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $505.29, for a total transaction of $8,673,808.14. Following the transaction, the chairman owned 448,173 shares in the company, valued at $226,457,335.17. This trade represents a 3.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Susan C. Schwab sold 2,324 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $410.00, for a total value of $952,840.00. Following the transaction, the director owned 6,917 shares in the company, valued at $2,835,970. This trade represents a 25.15% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,985 shares of company stock worth $25,559,300. Corporate insiders own 0.33% of the company’s stock.

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.