Caterpillar Inc. (NYSE:CAT) is Valley Brook Capital Group Inc.’s 10th Largest Position

Valley Brook Capital Group Inc. raised its holdings in Caterpillar Inc. (NYSE:CAT) by 4.1% during the 3rd quarter, Holdings Channel reports. The firm owned 7,935 shares of the industrial products company’s stock after buying an additional 310 shares during the quarter. Caterpillar makes up about 2.2% of Valley Brook Capital Group Inc.’s holdings, making the stock its 10th largest holding. Valley Brook Capital Group Inc.’s holdings in Caterpillar were worth $3,104,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CAT. Bbjs Financial Advisors LLC acquired a new stake in shares of Caterpillar in the second quarter worth approximately $28,000. Financial Connections Group Inc. purchased a new position in Caterpillar in the 2nd quarter valued at $28,000. Fairscale Capital LLC acquired a new stake in Caterpillar during the 2nd quarter worth $36,000. POM Investment Strategies LLC grew its holdings in shares of Caterpillar by 2,160.0% during the second quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company’s stock worth $38,000 after buying an additional 108 shares in the last quarter. Finally, TruNorth Capital Management LLC raised its position in shares of Caterpillar by 215.4% in the second quarter. TruNorth Capital Management LLC now owns 123 shares of the industrial products company’s stock valued at $41,000 after buying an additional 84 shares during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Caterpillar news, Director Gerald Johnson purchased 100 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was purchased at an average price of $338.59 per share, for a total transaction of $33,859.00. Following the purchase, the director now directly owns 2,842 shares in the company, valued at approximately $962,272.78. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Caterpillar news, Director Gerald Johnson bought 100 shares of Caterpillar stock in a transaction dated Wednesday, September 4th. The stock was acquired at an average cost of $338.59 per share, with a total value of $33,859.00. Following the completion of the acquisition, the director now owns 2,842 shares of the company’s stock, valued at approximately $962,272.78. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Cheryl H. Johnson sold 2,664 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $378.84, for a total value of $1,009,229.76. Following the transaction, the insider now directly owns 12,951 shares in the company, valued at approximately $4,906,356.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,792 shares of company stock valued at $3,515,978 in the last ninety days. 0.29% of the stock is currently owned by company insiders.

Caterpillar Stock Down 0.9 %

Shares of CAT traded down $3.88 during mid-day trading on Thursday, reaching $413.00. The company’s stock had a trading volume of 366,484 shares, compared to its average volume of 2,615,479. The company’s 50 day moving average is $374.93 and its 200 day moving average is $352.11. The stock has a market cap of $200.26 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 1.86 and a beta of 1.10. Caterpillar Inc. has a 12-month low of $233.82 and a 12-month high of $418.50. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The company had revenue of $16.11 billion for the quarter, compared to analyst estimates of $16.37 billion. During the same period in the previous year, the business posted $5.52 EPS. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. Equities analysts anticipate that Caterpillar Inc. will post 21.82 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st will be issued a $1.41 dividend. This represents a $5.64 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Monday, October 21st. Caterpillar’s payout ratio is currently 26.15%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CAT shares. Citigroup lowered their target price on Caterpillar from $445.00 to $435.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Robert W. Baird upped their target price on Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a report on Thursday, October 31st. UBS Group lifted their price target on Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a report on Monday. Bank of America upped their price objective on shares of Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, Barclays lifted their target price on shares of Caterpillar from $315.00 to $335.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Caterpillar presently has an average rating of “Hold” and a consensus price target of $358.19.

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.