Fidelity D & D Bancorp Inc. Takes $225,000 Position in Caterpillar Inc. (NYSE:CAT)

Fidelity D & D Bancorp Inc. bought a new position in shares of Caterpillar Inc. (NYSE:CAT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 576 shares of the industrial products company’s stock, valued at approximately $225,000.

Other hedge funds have also made changes to their positions in the company. Smallwood Wealth Investment Management LLC grew its holdings in Caterpillar by 2.6% in the third quarter. Smallwood Wealth Investment Management LLC now owns 1,037 shares of the industrial products company’s stock valued at $405,000 after purchasing an additional 26 shares during the period. First Bank & Trust boosted its stake in shares of Caterpillar by 4.0% in the third quarter. First Bank & Trust now owns 709 shares of the industrial products company’s stock valued at $277,000 after purchasing an additional 27 shares during the period. Washington Trust Bank grew its stake in shares of Caterpillar by 1.2% during the third quarter. Washington Trust Bank now owns 2,349 shares of the industrial products company’s stock valued at $919,000 after acquiring an additional 27 shares in the last quarter. Pacifica Partners Inc. grew its stake in Caterpillar by 1.6% during the 3rd quarter. Pacifica Partners Inc. now owns 1,807 shares of the industrial products company’s stock valued at $707,000 after purchasing an additional 28 shares in the last quarter. Finally, Vanguard Capital Wealth Advisors grew its holdings in Caterpillar by 0.8% during the 3rd quarter. Vanguard Capital Wealth Advisors now owns 3,466 shares of the industrial products company’s stock worth $1,356,000 after acquiring an additional 28 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Activity

In related news, Director Gerald Johnson bought 100 shares of Caterpillar stock in a transaction that occurred on Wednesday, December 4th. The stock was acquired at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the completion of the purchase, the director now owns 2,953 shares in the company, valued at approximately $1,176,977.21. This represents a 3.51 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,868 shares of company stock valued at $9,679,489. Insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. UBS Group boosted their price target on Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a report on Monday, November 4th. Jefferies Financial Group raised their price target on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Morgan Stanley cut shares of Caterpillar from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $349.00 to $332.00 in a research note on Monday, October 14th. Evercore ISI cut Caterpillar from an “in-line” rating to an “underperform” rating and boosted their target price for the stock from $321.00 to $365.00 in a report on Wednesday, November 13th. Finally, Citigroup upped their price target on shares of Caterpillar from $435.00 to $460.00 and gave the company a “buy” rating in a report on Monday. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Caterpillar has an average rating of “Hold” and a consensus price target of $374.69.

Caterpillar Stock Up 0.4 %

NYSE:CAT traded up $1.64 on Friday, hitting $382.42. 107,097 shares of the company’s stock traded hands, compared to its average volume of 2,545,242. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The company has a market cap of $184.63 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The firm has a 50-day moving average price of $392.83 and a 200-day moving average price of $360.00. Caterpillar Inc. has a 1 year low of $270.55 and a 1 year high of $418.50.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (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 firm 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. Caterpillar’s revenue for the quarter was down 4.2% on a year-over-year basis. Equities analysts anticipate that Caterpillar Inc. will post 21.68 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be issued a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s dividend payout ratio is presently 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.