Fort Washington Investment Advisors Inc. OH Decreases Position in Caterpillar Inc. $CAT

Fort Washington Investment Advisors Inc. OH decreased its position in shares of Caterpillar Inc. (NYSE:CAT) by 3.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 157,730 shares of the industrial products company’s stock after selling 5,947 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Caterpillar were worth $75,261,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CAT. Coastwise Capital Group LLC increased its holdings in Caterpillar by 1.8% in the 3rd quarter. Coastwise Capital Group LLC now owns 1,168 shares of the industrial products company’s stock worth $557,000 after buying an additional 21 shares in the last quarter. Live Oak Private Wealth LLC boosted its holdings in shares of Caterpillar by 0.7% during the 3rd quarter. Live Oak Private Wealth LLC now owns 3,525 shares of the industrial products company’s stock valued at $1,682,000 after acquiring an additional 23 shares during the last quarter. Syntegra Private Wealth Group LLC boosted its holdings in shares of Caterpillar by 2.4% during the 3rd quarter. Syntegra Private Wealth Group LLC now owns 1,037 shares of the industrial products company’s stock valued at $495,000 after acquiring an additional 24 shares during the last quarter. Aire Advisors LLC raised its holdings in shares of Caterpillar by 0.3% during the second quarter. Aire Advisors LLC now owns 9,042 shares of the industrial products company’s stock valued at $3,510,000 after purchasing an additional 25 shares during the last quarter. Finally, Dumont & Blake Investment Advisors LLC lifted its position in Caterpillar by 0.5% during the second quarter. Dumont & Blake Investment Advisors LLC now owns 4,954 shares of the industrial products company’s stock valued at $1,923,000 after purchasing an additional 25 shares during the period. Institutional investors own 70.98% of the company’s stock.

Caterpillar Price Performance

Shares of CAT opened at $578.60 on Tuesday. The company has a 50 day moving average of $569.22 and a two-hundred day moving average of $479.88. The company has a quick ratio of 0.86, a current ratio of 1.38 and a debt-to-equity ratio of 1.34. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $627.50. The company has a market cap of $270.77 billion, a price-to-earnings ratio of 29.70, a price-to-earnings-growth ratio of 2.74 and a beta of 1.57.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Monday, November 3rd. The industrial products company reported $4.95 EPS for the quarter, beating the consensus estimate of $4.52 by $0.43. Caterpillar had a return on equity of 47.16% and a net margin of 14.34%.The firm had revenue of $17.64 billion during the quarter, compared to analyst estimates of $16.72 billion. During the same quarter in the prior year, the business posted $5.17 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Tuesday, January 20th will be issued a dividend of $1.51 per share. The ex-dividend date is Tuesday, January 20th. This represents a $6.04 annualized dividend and a dividend yield of 1.0%. Caterpillar’s dividend payout ratio is 31.01%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Barclays lifted their target price on shares of Caterpillar from $485.00 to $555.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 30th. Royal Bank Of Canada started coverage on Caterpillar in a report on Wednesday, October 22nd. They issued a “sector perform” rating and a $560.00 price objective for the company. Oppenheimer increased their target price on Caterpillar from $513.00 to $645.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Robert W. Baird boosted their price target on Caterpillar from $612.00 to $680.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Finally, DA Davidson upped their price target on shares of Caterpillar from $408.00 to $569.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $616.00.

Insider Transactions at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction on Monday, December 1st. The shares were sold at an average price of $571.44, for a total transaction 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 approximately $31,692,062.40. The trade was a 15.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Lange Bob De sold 14,638 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $562.36, for a total transaction of $8,231,825.68. Following the sale, the insider directly owned 80,209 shares in the company, valued at $45,106,333.24. This trade represents a 15.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 61,895 shares of company stock worth $34,007,516 over the last ninety days. 0.33% of the stock is currently owned by insiders.

Caterpillar Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.