Bogart Wealth LLC Has $1.53 Million Position in Caterpillar, Inc. (CAT)

Bogart Wealth LLC boosted its position in shares of Caterpillar, Inc. (NYSE:CAT) by 42.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,267 shares of the industrial products company’s stock after purchasing an additional 4,234 shares during the period. Caterpillar comprises 1.0% of Bogart Wealth LLC’s holdings, making the stock its 23rd biggest holding. Bogart Wealth LLC’s holdings in Caterpillar were worth $1,533,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. S. R. Schill & Associates grew its holdings in Caterpillar by 0.3% during the 1st quarter. S. R. Schill & Associates now owns 2,204 shares of the industrial products company’s stock valued at $204,000 after purchasing an additional 6 shares during the last quarter. Northstar Group Inc. grew its stake in Caterpillar by 0.3% in the 2nd quarter. Northstar Group Inc. now owns 2,385 shares of the industrial products company’s stock worth $256,000 after acquiring an additional 8 shares in the last quarter. Clearbridge Investments LLC grew its stake in Caterpillar by 0.3% in the 1st quarter. Clearbridge Investments LLC now owns 3,635 shares of the industrial products company’s stock worth $337,000 after acquiring an additional 10 shares in the last quarter. Toth Financial Advisory Corp grew its stake in Caterpillar by 0.3% in the 2nd quarter. Toth Financial Advisory Corp now owns 3,915 shares of the industrial products company’s stock worth $421,000 after acquiring an additional 10 shares in the last quarter. Finally, Ironwood Investment Counsel LLC grew its stake in Caterpillar by 0.3% in the 2nd quarter. Ironwood Investment Counsel LLC now owns 3,425 shares of the industrial products company’s stock worth $368,000 after acquiring an additional 10 shares in the last quarter. Institutional investors own 69.38% of the company’s stock.

Caterpillar, Inc. (NYSE CAT) opened at $137.54 on Wednesday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.44 and a quick ratio of 1.04. The firm has a market cap of $81,226.29, a PE ratio of 24.60, a PEG ratio of 2.07 and a beta of 1.29. Caterpillar, Inc. has a 52 week low of $90.34 and a 52 week high of $140.44.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.68. The firm had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $10.69 billion. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period last year, the firm posted $0.85 earnings per share. research analysts anticipate that Caterpillar, Inc. will post 6.4 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, October 23rd will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Friday, October 20th. Caterpillar’s dividend payout ratio is currently 216.67%.

In other news, insider Lange Bob De sold 1,572 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $137.58, for a total value of $216,275.76. Following the transaction, the insider now directly owns 11,096 shares of the company’s stock, valued at $1,526,587.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daniel M. Dickinson sold 3,813 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $137.09, for a total transaction of $522,724.17. Following the completion of the transaction, the director now directly owns 6,554 shares in the company, valued at $898,487.86. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

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A number of equities analysts have commented on the stock. Wells Fargo & Company restated an “outperform” rating on shares of Caterpillar in a research note on Wednesday, July 26th. Vetr upgraded shares of Caterpillar from a “strong sell” rating to a “buy” rating and set a $120.03 price objective on the stock in a research note on Thursday, August 10th. Citigroup Inc. increased their price objective on shares of Caterpillar from $115.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, July 26th. Tigress Financial reiterated a “buy” rating on shares of Caterpillar in a research note on Monday, September 18th. Finally, BidaskClub downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have issued a buy rating to the company. Caterpillar currently has an average rating of “Hold” and a consensus target price of $133.92.

Caterpillar Company Profile

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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