Caterpillar Inc. $CAT Position Raised by Trajan Wealth LLC

Trajan Wealth LLC grew its position in shares of Caterpillar Inc. (NYSE:CAT) by 20.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,380 shares of the industrial products company’s stock after acquiring an additional 3,140 shares during the quarter. Trajan Wealth LLC’s holdings in Caterpillar were worth $8,770,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. WealthShield Partners LLC raised its holdings in shares of Caterpillar by 1.6% during the third quarter. WealthShield Partners LLC now owns 1,122 shares of the industrial products company’s stock valued at $535,000 after buying an additional 18 shares during the last quarter. one8zero8 LLC grew its holdings in Caterpillar by 3.2% in the 3rd quarter. one8zero8 LLC now owns 619 shares of the industrial products company’s stock worth $295,000 after buying an additional 19 shares in the last quarter. Abacus Planning Group Inc. increased its position in Caterpillar by 0.6% in the 3rd quarter. Abacus Planning Group Inc. now owns 3,214 shares of the industrial products company’s stock valued at $1,534,000 after acquiring an additional 20 shares during the period. Cyr Financial Inc. raised its stake in Caterpillar by 2.5% during the 3rd quarter. Cyr Financial Inc. now owns 811 shares of the industrial products company’s stock valued at $387,000 after acquiring an additional 20 shares in the last quarter. Finally, Coastwise Capital Group LLC boosted its position in Caterpillar by 1.8% during the 3rd quarter. Coastwise Capital Group LLC now owns 1,168 shares of the industrial products company’s stock worth $557,000 after acquiring an additional 21 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Rodney Michael Shurman sold 1,764 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $763.39, for a total transaction of $1,346,619.96. Following the transaction, the insider directly owned 1,440 shares of the company’s stock, valued at approximately $1,099,281.60. The trade was a 55.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Denise C. Johnson sold 39,138 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $681.08, for a total value of $26,656,109.04. Following the completion of the transaction, the insider owned 43,350 shares in the company, valued at $29,524,818. This represents a 47.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 141,172 shares of company stock valued at $96,514,673. Company insiders own 0.33% of the company’s stock.

Caterpillar Trading Down 0.1%

Caterpillar stock opened at $759.52 on Monday. The firm has a market cap of $353.40 billion, a price-to-earnings ratio of 40.36, a price-to-earnings-growth ratio of 1.80 and a beta of 1.58. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $789.81. The firm’s 50 day moving average price is $649.75 and its two-hundred day moving average price is $553.58. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.94 and a current ratio of 1.44.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, January 29th. The industrial products company reported $5.16 earnings per share for the quarter, topping the consensus estimate of $4.67 by $0.49. The business had revenue of $19.13 billion during the quarter, compared to analyst estimates of $17.81 billion. Caterpillar had a return on equity of 45.76% and a net margin of 13.14%.The company’s revenue was up 17.9% compared to the same quarter last year. During the same period last year, the company posted $5.14 EPS. On average, research analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Tuesday, January 20th were paid a dividend of $1.51 per share. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a $6.04 dividend on an annualized basis and a yield of 0.8%. Caterpillar’s dividend payout ratio is currently 32.09%.

Analyst Ratings Changes

CAT has been the topic of a number of recent analyst reports. Evercore lifted their price objective on shares of Caterpillar from $476.00 to $630.00 and gave the company an “outperform” rating in a research note on Monday, November 17th. Wall Street Zen cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Saturday. Wells Fargo & Company upped their price target on shares of Caterpillar from $702.00 to $756.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Caterpillar in a report on Monday, December 29th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $678.00 target price on shares of Caterpillar in a report on Friday, January 30th. Sixteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $702.95.

About Caterpillar

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.