Winebrenner Capital Management LLC Buys 140 Shares of Caterpillar Inc. $CAT

Winebrenner Capital Management LLC lifted its stake in Caterpillar Inc. (NYSE:CAT) by 5.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,640 shares of the industrial products company’s stock after buying an additional 140 shares during the period. Winebrenner Capital Management LLC’s holdings in Caterpillar were worth $1,025,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Caterpillar in the second quarter valued at approximately $28,000. Compass Financial Services Inc boosted its stake in shares of Caterpillar by 49.2% in the first quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock valued at $31,000 after buying an additional 31 shares during the period. Family Legacy Financial Solutions LLC bought a new stake in shares of Caterpillar in the second quarter valued at approximately $32,000. Redmont Wealth Advisors LLC bought a new stake in shares of Caterpillar in the first quarter valued at approximately $33,000. Finally, Harbor Asset Planning Inc. bought a new stake in shares of Caterpillar in the second quarter valued at approximately $34,000. 70.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CAT shares. Erste Group Bank upgraded Caterpillar from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Jefferies Financial Group upped their target price on Caterpillar from $500.00 to $570.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Melius upgraded Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 target price for the company in a research note on Wednesday, July 9th. Oppenheimer upped their target price on Caterpillar from $480.00 to $513.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Finally, Bank of America upped their target price on Caterpillar from $517.00 to $594.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $518.19.

Caterpillar Stock Down 0.4%

NYSE CAT opened at $524.86 on Wednesday. The business has a fifty day moving average price of $468.92 and a two-hundred day moving average price of $403.15. The stock has a market capitalization of $245.89 billion, a PE ratio of 26.70, a PEG ratio of 3.00 and a beta of 1.46. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $544.99.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.88 by ($0.16). The company had revenue of $16.57 billion for the quarter, compared to analyst estimates of $16.14 billion. Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the company posted $5.99 earnings per share. Equities analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Monday, October 20th will be issued a dividend of $1.51 per share. The ex-dividend date is Monday, October 20th. This represents a $6.04 annualized dividend and a dividend yield of 1.2%. Caterpillar’s dividend payout ratio is 30.72%.

Insider Transactions at Caterpillar

In other news, Director Susan C. Schwab sold 2,324 shares of the company’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $410.00, for a total transaction of $952,840.00. Following the completion of the transaction, the director directly owned 6,917 shares in the company, valued at approximately $2,835,970. This represents a 25.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jason Kaiser sold 2,161 shares of the company’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $417.70, for a total transaction of $902,649.70. Following the transaction, the insider owned 8,632 shares of the company’s stock, valued at $3,605,586.40. This trade represents a 20.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 55,985 shares of company stock worth $25,559,300. Corporate insiders own 0.33% of the company’s stock.

Caterpillar 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.