McIlrath & Eck LLC Has $58,000 Stake in Caterpillar Inc. (NYSE:CAT)

McIlrath & Eck LLC decreased its position in Caterpillar Inc. (NYSE:CAT) by 32.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 462 shares of the industrial products company’s stock after selling 223 shares during the period. McIlrath & Eck LLC’s holdings in Caterpillar were worth $58,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased its stake in Caterpillar by 23.5% in the second quarter. Sound Income Strategies LLC now owns 378 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 72 shares in the last quarter. First Merchants Corp increased its stake in Caterpillar by 0.4% in the second quarter. First Merchants Corp now owns 20,577 shares of the industrial products company’s stock valued at $2,804,000 after purchasing an additional 75 shares in the last quarter. Gables Capital Management Inc. increased its stake in Caterpillar by 1.0% in the third quarter. Gables Capital Management Inc. now owns 7,730 shares of the industrial products company’s stock valued at $973,000 after purchasing an additional 75 shares in the last quarter. LexAurum Advisors LLC increased its stake in Caterpillar by 4.7% in the second quarter. LexAurum Advisors LLC now owns 1,700 shares of the industrial products company’s stock valued at $232,000 after purchasing an additional 77 shares in the last quarter. Finally, River Wealth Advisors LLC increased its stake in Caterpillar by 1.5% in the third quarter. River Wealth Advisors LLC now owns 5,167 shares of the industrial products company’s stock valued at $653,000 after purchasing an additional 78 shares in the last quarter. Institutional investors and hedge funds own 65.74% of the company’s stock.

CAT stock traded up $1.15 during trading on Friday, reaching $148.16. The stock had a trading volume of 2,714,785 shares, compared to its average volume of 4,321,513. Caterpillar Inc. has a one year low of $111.75 and a one year high of $148.40. The company has a quick ratio of 0.99, a current ratio of 1.44 and a debt-to-equity ratio of 1.71. The company’s 50 day moving average is $131.66 and its two-hundred day moving average is $129.08. The company has a market capitalization of $80.89 billion, a price-to-earnings ratio of 13.20, a P/E/G ratio of 1.54 and a beta of 1.53.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.82 by ($0.16). Caterpillar had a return on equity of 42.51% and a net margin of 10.99%. The firm had revenue of $12.76 billion during the quarter, compared to the consensus estimate of $13.49 billion. During the same period in the previous year, the company posted $2.86 earnings per share. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. As a group, research analysts predict that Caterpillar Inc. will post 10.89 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Friday, October 18th. Caterpillar’s payout ratio is 36.72%.

CAT has been the subject of several recent research reports. Wells Fargo & Co downgraded shares of Caterpillar from an “outperform” rating to a “market perform” rating and set a $143.00 target price for the company. in a research report on Wednesday, September 11th. Citigroup decreased their target price on shares of Caterpillar from $150.00 to $145.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Buckingham Research downgraded shares of Caterpillar from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $162.00 to $140.00 in a research report on Thursday, July 25th. Goldman Sachs Group boosted their target price on shares of Caterpillar from $130.00 to $156.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Credit Suisse Group reissued a “buy” rating and set a $150.00 target price on shares of Caterpillar in a research report on Thursday, October 24th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. Caterpillar presently has a consensus rating of “Hold” and an average target price of $138.76.

In other Caterpillar news, insider Denise C. Johnson sold 4,172 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $146.67, for a total value of $611,907.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Gary Michael Marvel sold 2,180 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $139.38, for a total transaction of $303,848.40. Following the completion of the sale, the chief accounting officer now directly owns 2,180 shares of the company’s stock, valued at $303,848.40. The disclosure for this sale can be found here. Insiders sold a total of 95,141 shares of company stock valued at $13,717,142 over the last ninety days. 0.37% of the stock is currently owned by insiders.

Caterpillar Profile

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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