Lbmc Investment Advisors LLC Has $1.51 Million Position in Caterpillar Inc. $CAT

Lbmc Investment Advisors LLC boosted its position in shares of Caterpillar Inc. (NYSE:CAT) by 204.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,159 shares of the industrial products company’s stock after buying an additional 2,123 shares during the quarter. Lbmc Investment Advisors LLC’s holdings in Caterpillar were worth $1,507,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CAT. Kilter Group LLC bought a new position in Caterpillar in the second quarter valued at about $27,000. Mid American Wealth Advisory Group Inc. bought a new stake in Caterpillar during the 2nd quarter worth about $28,000. Family Legacy Financial Solutions LLC acquired a new stake in shares of Caterpillar during the 2nd quarter worth approximately $32,000. RiverPark Advisors LLC acquired a new stake in shares of Caterpillar during the 2nd quarter worth approximately $32,000. Finally, Harbor Asset Planning Inc. bought a new stake in shares of Caterpillar during the second quarter worth approximately $34,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Lange Bob De sold 14,638 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $562.36, for a total value of $8,231,825.68. Following the completion of the transaction, the insider directly owned 80,209 shares of the company’s stock, valued at approximately $45,106,333.24. This represents a 15.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $571.44, for a total value of $5,714,400.00. Following the completion of the sale, the chief financial officer directly owned 55,460 shares in the company, valued at $31,692,062.40. This represents a 15.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 79,061 shares of company stock worth $41,949,366 in the last ninety days. 0.33% of the stock is owned by insiders.

Caterpillar Trading Down 4.7%

NYSE CAT opened at $561.25 on Thursday. Caterpillar Inc. has a one year low of $267.30 and a one year high of $627.50. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.38 and a quick ratio of 0.86. The firm has a market cap of $262.66 billion, a P/E ratio of 28.81, a P/E/G ratio of 2.77 and a beta of 1.57. The stock’s 50-day moving average is $559.75 and its 200-day moving average is $466.41.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $4.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.52 by $0.43. The business had revenue of $17.64 billion during the quarter, compared to analyst estimates of $16.72 billion. Caterpillar had a return on equity of 47.16% and a net margin of 14.34%.Caterpillar’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.17 EPS. Sell-side analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Tuesday, January 20th will be issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, January 20th. Caterpillar’s dividend payout ratio (DPR) is presently 31.01%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CAT. Hsbc Global Res raised shares of Caterpillar from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Citigroup upgraded Caterpillar from a “buy” rating to a “mixed” rating in a report on Tuesday. HSBC upgraded Caterpillar from a “hold” rating to a “buy” rating and raised their target price for the stock from $405.00 to $660.00 in a report on Wednesday, November 5th. DA Davidson upped their price target on Caterpillar from $408.00 to $569.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Finally, UBS Group increased their price target on shares of Caterpillar from $506.00 to $581.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $612.16.

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.