Delta Asset Management LLC TN increased its stake in Caterpillar, Inc. (NYSE:CAT) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,747 shares of the industrial products company’s stock after purchasing an additional 992 shares during the period. Caterpillar makes up approximately 1.2% of Delta Asset Management LLC TN’s portfolio, making the stock its 24th biggest holding. Delta Asset Management LLC TN’s holdings in Caterpillar were worth $7,950,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Penserra Capital Management LLC increased its position in shares of Caterpillar by 78.2% in the third quarter. Penserra Capital Management LLC now owns 4,500 shares of the industrial products company’s stock worth $561,000 after purchasing an additional 1,975 shares during the last quarter. Glenview State Bank Trust DEPT. increased its position in shares of Caterpillar by 1.9% in the third quarter. Glenview State Bank Trust DEPT. now owns 53,035 shares of the industrial products company’s stock worth $6,614,000 after purchasing an additional 1,000 shares during the last quarter. Palisade Asset Management LLC increased its position in shares of Caterpillar by 6.2% in the third quarter. Palisade Asset Management LLC now owns 7,721 shares of the industrial products company’s stock worth $963,000 after purchasing an additional 450 shares during the last quarter. Eagle Ridge Investment Management bought a new position in shares of Caterpillar in the third quarter worth approximately $441,000. Finally, FinTrust Investment Advisory Services LLC bought a new position in shares of Caterpillar in the third quarter worth approximately $606,000. Institutional investors own 69.19% of the company’s stock.

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. Insiders sold 29,932 shares of company stock valued at $4,069,782 in the last ninety days. 0.14% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY NOTICE: This story was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another publication, it was illegally stolen and republished in violation of U.S. & international trademark & copyright law. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/11/23/caterpillar-inc-cat-shares-bought-by-delta-asset-management-llc-tn.html.

Shares of Caterpillar, Inc. (NYSE CAT) opened at $138.01 on Thursday. Caterpillar, Inc. has a 52 week low of $90.34 and a 52 week high of $140.44. The company has a market capitalization of $81,862.88, a price-to-earnings ratio of 24.79, a P/E/G ratio of 2.08 and a beta of 1.29. 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 announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.68. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The company had revenue of $11.41 billion during the quarter, compared to analyst estimates of $10.69 billion. During the same quarter last year, the firm posted $0.85 earnings per share. The firm’s revenue was up 24.6% on a year-over-year basis. analysts expect that Caterpillar, Inc. will post 6.4 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, October 23rd were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Friday, October 20th. Caterpillar’s payout ratio is 216.67%.

A number of research analysts have commented on the stock. UBS AG set a $155.00 price target on shares of Caterpillar and gave the company a “buy” rating in a research report on Wednesday, October 25th. Stifel Nicolaus increased their price target on shares of Caterpillar from $125.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Royal Bank Of Canada increased their price target on shares of Caterpillar from $120.00 to $143.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 25th. Robert W. Baird increased their price target on shares of Caterpillar from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Finally, Bank of America Corporation set a $152.00 price target on shares of Caterpillar and gave the company a “buy” rating in a research report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $133.92.

About Caterpillar

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

Receive News & Stock Ratings for Caterpillar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar Inc. and related stocks with our FREE daily email newsletter.