Signition LP Invests $405,000 in Caterpillar Inc. (CAT)

Signition LP purchased a new stake in shares of Caterpillar Inc. (NYSE:CAT) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 2,659 shares of the industrial products company’s stock, valued at approximately $405,000.

Several other institutional investors have also recently made changes to their positions in CAT. Acropolis Investment Management LLC acquired a new stake in Caterpillar in the 3rd quarter worth approximately $100,000. Sound Income Strategies LLC lifted its holdings in Caterpillar by 181.8% in the 3rd quarter. Sound Income Strategies LLC now owns 665 shares of the industrial products company’s stock worth $101,000 after purchasing an additional 429 shares during the last quarter. St. Johns Investment Management Company LLC acquired a new stake in Caterpillar in the 3rd quarter worth approximately $106,000. Avestar Capital LLC lifted its holdings in Caterpillar by 92.3% in the 2nd quarter. Avestar Capital LLC now owns 994 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 477 shares during the last quarter. Finally, Landaas & Co. WI ADV acquired a new stake in Caterpillar in the 2nd quarter worth approximately $130,000. Institutional investors and hedge funds own 66.54% of the company’s stock.

Several equities research analysts recently weighed in on the company. Citigroup upgraded Caterpillar to an “outperform” rating in a report on Friday, September 21st. OTR Global lowered Caterpillar to a “positive” rating in a report on Friday, September 21st. Macquarie set a $130.00 price target on Caterpillar and gave the stock a “sell” rating in a research report on Tuesday, September 25th. Robert W. Baird raised Caterpillar from a “neutral” rating to an “outperform” rating and set a $158.00 price target on the stock in a research report on Thursday, September 20th. Finally, Zacks Investment Research downgraded Caterpillar from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. Caterpillar currently has a consensus rating of “Buy” and a consensus target price of $158.55.

CAT opened at $125.79 on Friday. The company has a market cap of $74.23 billion, a PE ratio of 18.28, a PEG ratio of 0.69 and a beta of 1.58. The company has a current ratio of 1.48, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. Caterpillar Inc. has a 1 year low of $112.06 and a 1 year high of $173.24.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, October 23rd. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.03. The business had revenue of $13.51 billion for the quarter, compared to analysts’ expectations of $13.28 billion. Caterpillar had a return on equity of 44.13% and a net margin of 7.13%. Caterpillar’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.95 earnings per share. As a group, research analysts predict that Caterpillar Inc. will post 11.64 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Monday, October 22nd will be given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Friday, October 19th. Caterpillar’s dividend payout ratio is presently 50.00%.

In other news, insider Denise C. Johnson sold 35,051 shares of the business’s stock in a transaction that occurred on Tuesday, October 2nd. The stock was sold at an average price of $154.18, for a total transaction of $5,404,163.18. Following the sale, the insider now directly owns 22,826 shares in the company, valued at $3,519,312.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Lange Bob De acquired 1,080 shares of the stock in a transaction dated Friday, October 26th. The shares were purchased at an average price of $115.58 per share, for a total transaction of $124,826.40. Following the completion of the transaction, the insider now owns 11,310 shares of the company’s stock, valued at approximately $1,307,209.80. The disclosure for this purchase can be found here. Insiders own 0.36% of the company’s stock.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.

Further Reading: Cost of Debt

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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