Caterpillar Inc. (NYSE:CAT) Shares Purchased by Greenleaf Trust

Greenleaf Trust boosted its stake in Caterpillar Inc. (NYSE:CAT) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,305 shares of the industrial products company’s stock after purchasing an additional 266 shares during the period. Greenleaf Trust’s holdings in Caterpillar were worth $6,768,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Commerzbank Aktiengesellschaft FI boosted its position in Caterpillar by 1,389.2% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 162,817 shares of the industrial products company’s stock valued at $63,681,000 after buying an additional 151,884 shares during the last quarter. Global X Japan Co. Ltd. boosted its position in Caterpillar by 7.4% in the 3rd quarter. Global X Japan Co. Ltd. now owns 1,255 shares of the industrial products company’s stock valued at $491,000 after buying an additional 87 shares during the last quarter. GAM Holding AG lifted its position in shares of Caterpillar by 9.1% during the third quarter. GAM Holding AG now owns 15,230 shares of the industrial products company’s stock worth $5,957,000 after purchasing an additional 1,272 shares during the last quarter. Community Trust & Investment Co. bought a new position in shares of Caterpillar during the third quarter worth about $399,000. Finally, Segment Wealth Management LLC lifted its position in shares of Caterpillar by 1.7% during the third quarter. Segment Wealth Management LLC now owns 40,652 shares of the industrial products company’s stock worth $15,900,000 after purchasing an additional 685 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Caterpillar news, Director Gerald Johnson bought 100 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were acquired at an average cost of $338.59 per share, for a total transaction of $33,859.00. Following the transaction, the director now owns 2,842 shares in the company, valued at approximately $962,272.78. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Cheryl H. Johnson sold 2,975 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $342.48, for a total transaction of $1,018,878.00. Following the completion of the transaction, the insider now owns 15,615 shares in the company, valued at $5,347,825.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gerald Johnson bought 100 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were bought at an average price of $338.59 per share, with a total value of $33,859.00. Following the transaction, the director now directly owns 2,842 shares in the company, valued at $962,272.78. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

CAT has been the topic of several analyst reports. Evercore ISI dropped their price target on shares of Caterpillar from $338.00 to $321.00 and set an “in-line” rating on the stock in a research note on Monday, August 19th. Citigroup raised their price target on shares of Caterpillar from $380.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Bank of America raised their price target on shares of Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Raymond James started coverage on shares of Caterpillar in a research note on Friday, June 28th. They set a “market perform” rating on the stock. Finally, UBS Group raised their price objective on shares of Caterpillar from $270.00 to $285.00 and gave the company a “sell” 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, Caterpillar has a consensus rating of “Hold” and a consensus target price of $355.50.

Caterpillar Stock Down 0.1 %

Shares of Caterpillar stock traded down $0.39 during midday trading on Wednesday, reaching $388.07. 82,878 shares of the company’s stock traded hands, compared to its average volume of 2,624,412. The company has a market cap of $189.79 billion, a price-to-earnings ratio of 17.54, a price-to-earnings-growth ratio of 1.85 and a beta of 1.10. The company’s 50 day simple moving average is $365.94 and its 200 day simple moving average is $350.37. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.78 and a current ratio of 1.28. Caterpillar Inc. has a 52 week low of $223.76 and a 52 week high of $403.60.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $5.99 earnings per share for the quarter, beating analysts’ consensus estimates of $5.53 by $0.46. The business had revenue of $16.69 billion for the quarter, compared to the consensus estimate of $16.91 billion. Caterpillar had a net margin of 16.58% and a return on equity of 59.88%. Caterpillar’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $5.55 EPS. Equities analysts expect that Caterpillar Inc. will post 21.91 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, October 21st will be issued a $1.41 dividend. The ex-dividend date of this dividend is Monday, October 21st. This represents a $5.64 annualized dividend and a yield of 1.45%. Caterpillar’s dividend payout ratio (DPR) is presently 25.46%.

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.