Liberty Wealth Management LLC Has $551,000 Stake in Caterpillar Inc. $CAT

Liberty Wealth Management LLC lifted its position in shares of Caterpillar Inc. (NYSE:CAT) by 52.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,420 shares of the industrial products company’s stock after purchasing an additional 491 shares during the period. Liberty Wealth Management LLC’s holdings in Caterpillar were worth $551,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CAT. Trivium Point Advisory LLC boosted its position in shares of Caterpillar by 132.9% in the second quarter. Trivium Point Advisory LLC now owns 1,926 shares of the industrial products company’s stock valued at $748,000 after acquiring an additional 1,099 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Caterpillar by 9.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,947 shares of the industrial products company’s stock worth $26,037,000 after purchasing an additional 7,125 shares in the last quarter. Palmer Knight Co acquired a new position in shares of Caterpillar during the 2nd quarter worth approximately $5,884,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of Caterpillar by 11.2% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,315 shares of the industrial products company’s stock worth $5,557,000 after purchasing an additional 1,440 shares during the period. Finally, Ransom Advisory Ltd acquired a new stake in shares of Caterpillar in the first quarter valued at approximately $427,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CAT has been the subject of several analyst reports. Jefferies Financial Group lifted their price objective on Caterpillar from $500.00 to $570.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Melius Research upgraded Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 price target on the stock in a research report on Wednesday, July 9th. Erste Group Bank raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Royal Bank Of Canada began coverage on shares of Caterpillar in a report on Wednesday, October 22nd. They issued a “sector perform” rating and a $560.00 target price on the stock. Finally, Barclays boosted their target price on shares of Caterpillar from $425.00 to $485.00 and gave the company an “equal weight” rating in a research report on Friday, October 17th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Caterpillar currently has an average rating of “Moderate Buy” and a consensus price target of $518.19.

Caterpillar Trading Up 0.3%

Shares of Caterpillar stock opened at $522.13 on Monday. The firm has a market capitalization of $244.60 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 2.98 and a beta of 1.46. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50. The firm’s 50 day moving average is $464.46 and its 200 day moving average is $399.92. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $544.99.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.16). The company had revenue of $16.57 billion during the quarter, compared to analyst estimates of $16.14 billion. Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.99 EPS. Equities research analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal 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 issued a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, October 20th. Caterpillar’s dividend payout ratio is presently 30.72%.

Insider Buying and Selling at Caterpillar

In related news, Chairman Donald J. Umpleby III sold 17,168 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $412.87, for a total value of $7,088,152.16. Following the completion of the transaction, the chairman owned 482,505 shares in the company, valued at $199,211,839.35. This trade represents a 3.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan C. Schwab sold 2,324 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $410.00, for a total transaction 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 disclosure for this sale can be found here. Over the last three months, insiders sold 55,985 shares of company stock worth $25,559,300. 0.33% of the stock is currently owned by insiders.

Caterpillar 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.