Caterpillar Inc. $CAT Shares Acquired by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC lifted its position in shares of Caterpillar Inc. (NYSE:CAT) by 58.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 31,347 shares of the industrial products company’s stock after buying an additional 11,587 shares during the period. Valeo Financial Advisors LLC’s holdings in Caterpillar were worth $12,169,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Norges Bank purchased a new position in Caterpillar during the second quarter worth about $2,165,899,000. Groupe la Francaise increased its stake in shares of Caterpillar by 82.0% during the 2nd quarter. Groupe la Francaise now owns 27,246 shares of the industrial products company’s stock valued at $10,820,000 after acquiring an additional 12,278 shares during the last quarter. Trivium Point Advisory LLC lifted its holdings in shares of Caterpillar by 132.9% during the 2nd quarter. Trivium Point Advisory LLC now owns 1,926 shares of the industrial products company’s stock worth $748,000 after acquiring an additional 1,099 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Caterpillar by 9.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,947 shares of the industrial products company’s stock worth $26,037,000 after acquiring an additional 7,125 shares during the last quarter. Finally, Palmer Knight Co purchased a new stake in Caterpillar in the second quarter valued at approximately $5,884,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Caterpillar

In other news, Director David Maclennan purchased 300 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were purchased at an average price of $568.86 per share, with a total value of $170,658.00. Following the purchase, the director directly owned 7,947 shares of the company’s stock, valued at approximately $4,520,730.42. This represents a 3.92% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Lange Bob De sold 14,638 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $562.36, for a total transaction of $8,231,825.68. Following the completion of the transaction, the insider directly owned 80,209 shares of the company’s stock, valued at approximately $45,106,333.24. The trade was a 15.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 79,061 shares of company stock worth $41,949,366. 0.33% of the stock is currently owned by insiders.

Caterpillar Price Performance

Shares of NYSE CAT opened at $597.88 on Monday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.38 and a quick ratio of 0.86. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $627.50. The company has a market capitalization of $279.80 billion, a price-to-earnings ratio of 30.69, a PEG ratio of 2.82 and a beta of 1.57. The business has a 50-day moving average of $554.63 and a 200-day moving average of $462.36.

Caterpillar (NYSE:CAT) last announced its earnings results on Wednesday, October 29th. The industrial products company reported $4.95 EPS for the quarter, beating the consensus estimate of $4.52 by $0.43. The business had revenue of $17.64 billion for the quarter, compared to the consensus estimate of $16.72 billion. Caterpillar had a return on equity of 47.16% and a net margin of 14.34%.The company’s revenue was up 9.5% on a year-over-year basis. During the same period last year, the business posted $5.17 EPS. On average, equities analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Tuesday, January 20th will be paid a $1.51 dividend. The ex-dividend date is Tuesday, January 20th. This represents a $6.04 annualized dividend and a dividend yield of 1.0%. Caterpillar’s dividend payout ratio is 31.01%.

Analyst Upgrades and Downgrades

CAT has been the topic of a number of recent analyst reports. HSBC raised shares of Caterpillar from a “hold” rating to a “buy” rating and increased their price target for the stock from $405.00 to $660.00 in a research note on Wednesday, November 5th. Erste Group Bank raised Caterpillar from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Bank of America boosted their price target on Caterpillar from $594.00 to $650.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Royal Bank Of Canada initiated coverage on Caterpillar in a report on Wednesday, October 22nd. They issued a “sector perform” rating and a $560.00 price objective on the stock. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of Caterpillar in a report on Wednesday, November 5th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Caterpillar presently has an average rating of “Moderate Buy” and an average target price of $612.16.

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.