CPC Advisors LLC Acquires 5,938 Shares of Caterpillar Inc. $CAT

CPC Advisors LLC increased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 46.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,797 shares of the industrial products company’s stock after buying an additional 5,938 shares during the period. Caterpillar comprises approximately 0.9% of CPC Advisors LLC’s portfolio, making the stock its 25th largest position. CPC Advisors LLC’s holdings in Caterpillar were worth $8,969,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Caterpillar during the second quarter worth $2,165,899,000. Groupe la Francaise raised its stake in shares of Caterpillar by 82.0% during the 2nd quarter. Groupe la Francaise now owns 27,246 shares of the industrial products company’s stock valued at $10,820,000 after purchasing an additional 12,278 shares during the period. Trivium Point Advisory LLC lifted its holdings in Caterpillar by 132.9% during the 2nd quarter. Trivium Point Advisory LLC now owns 1,926 shares of the industrial products company’s stock worth $748,000 after purchasing an additional 1,099 shares in the last quarter. Union Bancaire Privee UBP SA boosted its stake in Caterpillar by 155.9% in the 3rd quarter. Union Bancaire Privee UBP SA now owns 47,231 shares of the industrial products company’s stock worth $21,014,000 after purchasing an additional 28,773 shares during the period. Finally, Palmer Knight Co purchased a new position in Caterpillar during the 2nd quarter valued at about $5,884,000. Institutional investors own 70.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CAT shares. Wells Fargo & Company started coverage on shares of Caterpillar in a research report on Thursday, November 13th. They issued an “overweight” rating and a $675.00 price objective for the company. Morgan Stanley boosted their price target on shares of Caterpillar from $380.00 to $395.00 and gave the company an “underweight” rating in a research report on Wednesday, December 10th. Citigroup raised shares of Caterpillar from a “buy” rating to a “mixed” rating in a report on Tuesday, December 16th. Erste Group Bank raised Caterpillar from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Caterpillar in a research note on Monday, December 29th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $618.70.

Insider Activity

In other news, insider Lange Bob De sold 14,638 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $562.36, for a total value of $8,231,825.68. Following the completion of the sale, the insider directly owned 80,209 shares in the company, valued at approximately $45,106,333.24. The trade was a 15.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $575.06, for a total transaction of $5,750,600.00. Following the transaction, the chief financial officer directly owned 45,460 shares in the company, valued at approximately $26,142,227.60. This represents a 18.03% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 54,729 shares of company stock valued at $31,084,308. Insiders own 0.33% of the company’s stock.

Caterpillar Stock Up 1.9%

CAT opened at $629.52 on Tuesday. The business’s fifty day simple moving average is $580.50 and its 200 day simple moving average is $496.54. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $630.98. The company has a quick ratio of 0.86, a current ratio of 1.38 and a debt-to-equity ratio of 1.34. The stock has a market cap of $294.60 billion, a PE ratio of 32.32, a P/E/G ratio of 2.39 and a beta of 1.57.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Monday, November 3rd. The industrial products company reported $4.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.52 by $0.43. The firm had revenue of $17.64 billion during the quarter, compared to analyst estimates of $16.72 billion. Caterpillar had a return on equity of 47.16% and a net margin of 14.34%.The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.17 earnings per share. As a group, research analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

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

Caterpillar Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.