Caterpillar Inc. (NYSE:CAT) Shares Purchased by Fortem Financial Group LLC

Fortem Financial Group LLC grew its stake in Caterpillar Inc. (NYSE:CAT) by 4.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 2,535 shares of the industrial products company’s stock after buying an additional 115 shares during the period. Fortem Financial Group LLC’s holdings in Caterpillar were worth $992,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CAT. Financial Connections Group Inc. purchased a new stake in Caterpillar in the 2nd quarter worth $28,000. Capital Performance Advisors LLP acquired a new stake in Caterpillar during the third quarter worth $36,000. Fairscale Capital LLC acquired a new position in shares of Caterpillar in the 2nd quarter valued at $36,000. Kimelman & Baird LLC grew its holdings in shares of Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 30 shares during the period. Finally, POM Investment Strategies LLC increased its position in shares of Caterpillar by 2,160.0% during the 2nd quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 108 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Price Performance

CAT stock opened at $388.44 on Wednesday. The stock has a market cap of $187.54 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 1.97 and a beta of 1.10. Caterpillar Inc. has a fifty-two week low of $259.12 and a fifty-two week high of $418.50. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. The business has a 50 day moving average price of $393.01 and a 200 day moving average price of $359.52.

Caterpillar (NYSE:CAT) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The company had revenue of $16.11 billion during the quarter, compared to analysts’ expectations of $16.37 billion. During the same period last year, the business earned $5.52 earnings per share. The company’s quarterly revenue was down 4.2% on a year-over-year basis. Equities research analysts anticipate that Caterpillar Inc. will post 21.67 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, February 20th. Investors of record on Tuesday, January 21st will be given a $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.45%. Caterpillar’s dividend payout ratio (DPR) is presently 26.15%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Robert W. Baird lifted their price target on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research report on Thursday, October 31st. UBS Group boosted their target price on Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a research report on Monday, November 4th. Citigroup lifted their price objective on Caterpillar from $435.00 to $460.00 and gave the company a “buy” rating in a research note on Monday. Jefferies Financial Group increased their target price on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, Evercore ISI downgraded Caterpillar from an “in-line” rating to an “underperform” rating and lifted their target price for the company from $321.00 to $365.00 in a research report on Wednesday, November 13th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $374.69.

Insider Activity

In related news, CAO William E. Schaupp sold 968 shares of Caterpillar stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $380.98, for a total value of $368,788.64. Following the sale, the chief accounting officer now directly owns 1,686 shares in the company, valued at $642,332.28. The trade was a 36.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel M. Dickinson sold 1,300 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $418.00, for a total value of $543,400.00. Following the completion of the transaction, the director now owns 4,976 shares of the company’s stock, valued at $2,079,968. The trade was a 20.71 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,868 shares of company stock valued at $9,679,489. Company insiders own 0.29% of the company’s stock.

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.