Caterpillar Inc. $CAT Shares Purchased by Nwam LLC

Nwam LLC lifted its position in shares of Caterpillar Inc. (NYSE:CAT) by 79.8% during the third quarter, HoldingsChannel reports. The firm owned 4,906 shares of the industrial products company’s stock after purchasing an additional 2,178 shares during the quarter. Nwam LLC’s holdings in Caterpillar were worth $2,450,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Marquette Asset Management LLC lifted its stake in Caterpillar by 1,060.0% during the third quarter. Marquette Asset Management LLC now owns 58 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 53 shares during the last quarter. Joseph Group Capital Management bought a new position in Caterpillar in the 3rd quarter valued at about $32,000. Kilter Group LLC bought a new stake in Caterpillar during the second quarter worth approximately $27,000. Mid American Wealth Advisory Group Inc. bought a new stake in Caterpillar in the second quarter worth about $28,000. Finally, Family Legacy Financial Solutions LLC bought a new stake in shares of Caterpillar in the 2nd quarter worth approximately $32,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CAT has been the subject of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Caterpillar in a research note on Monday, December 29th. Citigroup lifted their price target on Caterpillar from $690.00 to $710.00 and gave the stock a “buy” rating in a research note on Tuesday. Argus boosted their price objective on Caterpillar from $460.00 to $625.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. Barclays lifted their target price on shares of Caterpillar from $485.00 to $555.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 30th. Finally, Morgan Stanley raised their price objective on shares of Caterpillar from $380.00 to $395.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 10th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $623.10.

Insider Buying and Selling

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $575.06, for a total transaction of $5,750,600.00. Following the completion of the sale, the chief financial officer owned 45,460 shares in the company, valued at approximately $26,142,227.60. This represents a 18.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Anthony D. Fassino sold 8,184 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $570.18, for a total value of $4,666,353.12. Following the completion of the transaction, the insider directly owned 41,512 shares in the company, valued at $23,669,312.16. The trade was a 16.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 54,729 shares of company stock valued at $31,084,308. 0.33% of the stock is owned by corporate insiders.

Caterpillar Stock Performance

Shares of NYSE CAT opened at $647.05 on Friday. Caterpillar Inc. has a one year low of $267.30 and a one year high of $652.36. The business’s 50-day moving average price is $585.21 and its two-hundred day moving average price is $500.31. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.38 and a quick ratio of 0.86. The company has a market capitalization of $302.81 billion, a P/E ratio of 33.22, a price-to-earnings-growth ratio of 2.47 and a beta of 1.57.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Monday, November 3rd. 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 during the quarter, compared to analysts’ expectations of $16.72 billion. Caterpillar had a return on equity of 47.16% and a net margin of 14.34%.The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.17 EPS. Analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Tuesday, January 20th will be given a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, January 20th. Caterpillar’s dividend payout ratio is presently 31.01%.

Caterpillar Company Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.