Merriman Wealth Management LLC purchased a new position in Caterpillar, Inc. (NYSE:CAT) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,365 shares of the industrial products company’s stock, valued at approximately $295,000.

Several other institutional investors have also recently made changes to their positions in CAT. Cibc World Markets Corp raised its stake in Caterpillar by 507.9% in the first quarter. Cibc World Markets Corp now owns 1,276,465 shares of the industrial products company’s stock valued at $118,405,000 after purchasing an additional 1,066,492 shares in the last quarter. Mastrapasqua Asset Management Inc. raised its stake in Caterpillar by 35.7% in the first quarter. Mastrapasqua Asset Management Inc. now owns 5,550 shares of the industrial products company’s stock valued at $515,000 after purchasing an additional 1,460 shares in the last quarter. Tredje AP fonden raised its stake in Caterpillar by 0.9% in the first quarter. Tredje AP fonden now owns 48,519 shares of the industrial products company’s stock valued at $4,501,000 after purchasing an additional 414 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in Caterpillar by 2.0% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 64,848 shares of the industrial products company’s stock valued at $6,015,000 after purchasing an additional 1,250 shares in the last quarter. Finally, AE Wealth Management LLC raised its stake in Caterpillar by 99.9% in the first quarter. AE Wealth Management LLC now owns 18,660 shares of the industrial products company’s stock valued at $1,731,000 after purchasing an additional 9,324 shares in the last quarter. 69.38% of the stock is currently owned by hedge funds and other institutional investors.

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

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Shares of Caterpillar, Inc. (NYSE:CAT) opened at $136.13 on Friday. The firm has a market cap of $80,990.00, a price-to-earnings ratio of 24.78, a P/E/G ratio of 2.08 and a beta of 1.29. Caterpillar, Inc. has a fifty-two week low of $90.34 and a fifty-two week high of $140.44. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 1.58.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 23rd will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Friday, October 20th. Caterpillar’s dividend payout ratio is currently 216.67%.

A number of equities research analysts recently weighed in on the stock. Atlantic Securities raised shares of Caterpillar from an “underweight” rating to a “neutral” rating and raised their target price for the company from $85.00 to $115.00 in a research note on Thursday, August 3rd. Vetr raised shares of Caterpillar from a “sell” rating to a “hold” rating and set a $135.41 target price on the stock in a research note on Monday, November 13th. Argus reaffirmed a “buy” rating and issued a $113.10 target price (down from $130.00) on shares of Caterpillar in a research note on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $120.00 target price (up from $100.00) on shares of Caterpillar in a research note on Wednesday, July 26th. Finally, ValuEngine downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Caterpillar has a consensus rating of “Hold” and an average price target of $133.92.

Caterpillar Company Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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