WealthTrust Arizona LLC grew its stake in shares of Caterpillar, Inc. (NYSE:CAT) by 41.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,345 shares of the industrial products company’s stock after purchasing an additional 684 shares during the quarter. WealthTrust Arizona LLC’s holdings in Caterpillar were worth $292,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Baker Ellis Asset Management LLC purchased a new stake in shares of Caterpillar during the second quarter worth about $104,000. Motco increased its position in shares of Caterpillar by 264.9% during the second quarter. Motco now owns 989 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 718 shares during the last quarter. Acrospire Investment Management LLC increased its position in shares of Caterpillar by 900.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 900 shares during the last quarter. Reilly Financial Advisors LLC increased its position in shares of Caterpillar by 92.9% during the second quarter. Reilly Financial Advisors LLC now owns 1,111 shares of the industrial products company’s stock worth $119,000 after acquiring an additional 535 shares during the last quarter. Finally, Harbour Capital Advisors LLC purchased a new stake in shares of Caterpillar during the first quarter worth about $107,000. Institutional investors own 69.38% of the company’s stock.

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In other Caterpillar news, Director Daniel M. Dickinson sold 3,813 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $137.09, for a total value of $522,724.17. Following the completion of the sale, the director now directly owns 6,554 shares in the company, valued at $898,487.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lange Bob De sold 1,572 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $137.58, for a total value of $216,275.76. Following the completion of the sale, the insider now owns 11,096 shares of the company’s stock, valued at $1,526,587.68. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

A number of brokerages have recently issued reports on CAT. Atlantic Securities raised Caterpillar from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $85.00 to $115.00 in a research report on Thursday, August 3rd. Vetr raised Caterpillar from a “sell” rating to a “hold” rating and set a $135.41 target price on the stock in a research report on Monday. Argus reaffirmed a “buy” rating and set a $113.10 target price (down from $130.00) on shares of Caterpillar in a research report on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $120.00 target price (up from $100.00) on shares of Caterpillar in a research report on Wednesday, July 26th. Finally, ValuEngine lowered Caterpillar from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $133.92.

Caterpillar, Inc. (NYSE:CAT) opened at $134.10 on Thursday. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $81,827.17, a P/E ratio of 24.78, a PEG ratio of 2.08 and a beta of 1.29. Caterpillar, Inc. has a 52-week low of $90.34 and a 52-week high of $140.44.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.68. The business had revenue of $11.41 billion during the quarter, compared to the consensus estimate of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The business’s revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 earnings per share. research analysts anticipate that Caterpillar, Inc. will post 6.4 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 23rd will be given a $0.78 dividend. The ex-dividend date is Friday, October 20th. This represents a $3.12 dividend on an annualized basis and a yield of 2.33%. Caterpillar’s dividend payout ratio (DPR) is 216.67%.

Caterpillar Company Profile

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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