Vivid Wealth Management LLC Has $2.78 Million Stock Position in Caterpillar Inc. $CAT

Vivid Wealth Management LLC increased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 1.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,155 shares of the industrial products company’s stock after purchasing an additional 128 shares during the period. Vivid Wealth Management LLC’s holdings in Caterpillar were worth $2,778,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CAT. Pacific Point Advisors LLC acquired a new stake in Caterpillar in the fourth quarter valued at approximately $579,000. Brighton Jones LLC grew its stake in Caterpillar by 51.5% in the fourth quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock valued at $2,688,000 after acquiring an additional 2,519 shares during the period. Wedge Capital Management L L P NC grew its stake in Caterpillar by 4.8% in the first quarter. Wedge Capital Management L L P NC now owns 917 shares of the industrial products company’s stock valued at $302,000 after acquiring an additional 42 shares during the period. GAMMA Investing LLC grew its stake in Caterpillar by 32.0% in the first quarter. GAMMA Investing LLC now owns 11,311 shares of the industrial products company’s stock valued at $3,730,000 after acquiring an additional 2,745 shares during the period. Finally, Curbstone Financial Management Corp grew its stake in Caterpillar by 14.6% in the first quarter. Curbstone Financial Management Corp now owns 1,802 shares of the industrial products company’s stock valued at $594,000 after acquiring an additional 230 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Sanford C. Bernstein reissued a “market perform” rating on shares of Caterpillar in a research note on Monday, July 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of Caterpillar in a research note on Saturday, September 27th. Melius Research raised Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 target price on the stock in a research report on Wednesday, July 9th. Citigroup lifted their target price on Caterpillar from $540.00 to $570.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Jefferies Financial Group lifted their target price on Caterpillar from $500.00 to $570.00 and gave the company a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Caterpillar currently has a consensus rating of “Moderate Buy” and a consensus target price of $478.20.

Caterpillar Stock Performance

Shares of Caterpillar stock opened at $500.10 on Friday. The business’s fifty day simple moving average is $441.97 and its 200 day simple moving average is $382.85. The firm has a market capitalization of $234.29 billion, a P/E ratio of 25.44, a price-to-earnings-growth ratio of 3.05 and a beta of 1.46. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $509.48. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $4.72 EPS for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.16). The business had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $16.14 billion. Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The business’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $5.99 earnings per share. As a group, analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Monday, October 20th will be paid a $1.51 dividend. The ex-dividend date is Monday, October 20th. This represents a $6.04 annualized dividend and a dividend yield of 1.2%. Caterpillar’s payout ratio is presently 30.72%.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, Director Susan C. Schwab sold 2,324 shares of the business’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $410.00, for a total value of $952,840.00. Following the sale, the director directly owned 6,917 shares in the company, valued at $2,835,970. The trade was a 25.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jason Kaiser sold 2,161 shares of the business’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $417.70, for a total value of $902,649.70. Following the completion of the sale, the insider owned 8,632 shares in the company, valued at approximately $3,605,586.40. The trade was a 20.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,819 shares of company stock worth $16,885,492 over the last ninety days. 0.33% of the stock is currently owned by company insiders.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.