Caterpillar Inc. (NYSE:CAT) Shares Sold by Forum Financial Management LP

Forum Financial Management LP lowered its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,153 shares of the industrial products company’s stock after selling 57 shares during the period. Forum Financial Management LP’s holdings in Caterpillar were worth $2,407,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CAT. TrueWealth Advisors LLC boosted its holdings in shares of Caterpillar by 23.1% in the third quarter. TrueWealth Advisors LLC now owns 1,657 shares of the industrial products company’s stock valued at $648,000 after acquiring an additional 311 shares in the last quarter. BSW Wealth Partners raised its holdings in shares of Caterpillar by 17.7% in the 3rd quarter. BSW Wealth Partners now owns 2,029 shares of the industrial products company’s stock worth $793,000 after purchasing an additional 305 shares in the last quarter. Van ECK Associates Corp lifted its stake in Caterpillar by 11.0% during the third quarter. Van ECK Associates Corp now owns 101,500 shares of the industrial products company’s stock valued at $39,152,000 after purchasing an additional 10,065 shares during the last quarter. Prosperitas Financial LLC grew its position in Caterpillar by 3.0% in the third quarter. Prosperitas Financial LLC now owns 2,811 shares of the industrial products company’s stock worth $1,099,000 after buying an additional 82 shares during the last quarter. Finally, Fort Pitt Capital Group LLC increased its holdings in shares of Caterpillar by 2.4% in the third quarter. Fort Pitt Capital Group LLC now owns 3,661 shares of the industrial products company’s stock valued at $1,432,000 after buying an additional 85 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Insiders Place Their Bets

In related news, Director Gerald Johnson bought 100 shares of Caterpillar stock in a transaction that occurred on Wednesday, September 4th. The stock was acquired at an average price of $338.59 per share, for a total transaction of $33,859.00. Following the completion of the purchase, the director now owns 2,842 shares in the company, valued at approximately $962,272.78. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Gerald Johnson bought 100 shares of Caterpillar stock in a transaction that occurred on Wednesday, September 4th. The stock was purchased at an average cost of $338.59 per share, with a total value of $33,859.00. Following the completion of 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Cheryl H. Johnson sold 2,975 shares of the stock in a transaction on Thursday, August 22nd. The shares were 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 of the company’s stock, valued at approximately $5,347,825.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CAT. Bank of America lifted their target price on Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Citigroup dropped their price target on Caterpillar from $445.00 to $435.00 and set a “buy” rating on the stock in a research note on Thursday. UBS Group upped 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. JPMorgan Chase & Co. raised their price objective on shares of Caterpillar from $435.00 to $500.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Finally, Robert W. Baird increased their price objective on Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research note on Thursday. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $357.56.

Caterpillar Price Performance

Shares of Caterpillar stock opened at $379.63 on Monday. The stock has a market capitalization of $184.08 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 1.85 and a beta of 1.10. Caterpillar Inc. has a 1-year low of $232.88 and a 1-year high of $403.60. The company has a current ratio of 1.40, a quick ratio of 0.78 and a debt-to-equity ratio of 1.33. The firm has a fifty day simple moving average of $372.40 and a 200-day simple moving average of $351.32.

Caterpillar (NYSE:CAT) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The business had revenue of $16.11 billion for the quarter, compared to the consensus estimate of $16.37 billion. During the same quarter in the previous year, the company earned $5.52 EPS. Caterpillar’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, sell-side analysts expect that Caterpillar Inc. will post 21.82 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, October 21st will be paid a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a yield of 1.49%. The ex-dividend date is Monday, October 21st. Caterpillar’s payout ratio is currently 26.15%.

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.