Mission Creek Capital Partners Inc. Has $4.74 Million Holdings in Caterpillar Inc. $CAT

Mission Creek Capital Partners Inc. decreased its holdings in Caterpillar Inc. (NYSE:CAT) by 15.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 12,208 shares of the industrial products company’s stock after selling 2,153 shares during the period. Mission Creek Capital Partners Inc.’s holdings in Caterpillar were worth $4,739,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in CAT. Kilter Group LLC bought a new position in Caterpillar during the 2nd quarter worth $27,000. Mid American Wealth Advisory Group Inc. bought a new position in shares of Caterpillar in the second quarter worth $28,000. Compass Financial Services Inc raised its stake in 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 purchasing an additional 31 shares in the last quarter. Family Legacy Financial Solutions LLC bought a new stake in Caterpillar during the second quarter worth about $32,000. Finally, RiverPark Advisors LLC acquired a new stake in Caterpillar during the second quarter worth about $32,000. 70.98% of the stock is owned by institutional investors.

Caterpillar Stock Performance

Shares of CAT opened at $597.88 on Friday. The stock has a 50-day moving average of $554.63 and a 200-day moving average of $460.80. The company has a market cap of $279.80 billion, a PE ratio of 30.69, a P/E/G ratio of 2.95 and a beta of 1.57. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.38 and a quick ratio of 0.86. Caterpillar Inc. has a one year low of $267.30 and a one year high of $627.50.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $4.95 EPS for the quarter, beating the consensus estimate of $4.52 by $0.43. The firm had revenue of $17.64 billion during the quarter, compared to the consensus estimate of $16.72 billion. Caterpillar had a return on equity of 47.16% and a net margin of 14.34%.The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.17 earnings per share. On average, equities research analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Tuesday, January 20th will be paid a dividend of $1.51 per share. The ex-dividend date is Tuesday, January 20th. This represents a $6.04 dividend on an annualized basis and a yield of 1.0%. Caterpillar’s payout ratio is 31.01%.

Insider Activity

In other news, insider Jason Kaiser sold 10,707 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $563.60, for a total value of $6,034,465.20. Following the completion of the sale, the insider directly owned 8,649 shares of the company’s stock, valued at $4,874,576.40. This represents a 55.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Anthony D. Fassino sold 8,184 shares of Caterpillar 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 transaction, the insider directly owned 41,512 shares in the company, valued at approximately $23,669,312.16. The trade was a 16.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 79,061 shares of company stock worth $41,949,366. Company insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CAT. JPMorgan Chase & Co. upped their price target on shares of Caterpillar from $650.00 to $730.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Morgan Stanley raised their target price on Caterpillar from $380.00 to $395.00 and gave the company an “underweight” rating in a report on Wednesday. Erste Group Bank raised Caterpillar from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Caterpillar in a research note on Wednesday, November 5th. Finally, DA Davidson increased their target price on shares of Caterpillar from $408.00 to $569.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Caterpillar presently has a consensus rating of “Moderate Buy” and an average price target of $612.16.

Caterpillar Company 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.