2,600 Shares in Caterpillar Inc. $CAT Acquired by Paragon Capital Management LLC

Paragon Capital Management LLC acquired a new stake in Caterpillar Inc. (NYSE:CAT) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,600 shares of the industrial products company’s stock, valued at approximately $1,009,000.

Other institutional investors also recently modified their holdings of the company. Mid American Wealth Advisory Group Inc. bought a new position in Caterpillar during the second quarter worth about $28,000. Compass Financial Services Inc raised its position in shares of Caterpillar by 49.2% in the first quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock valued at $31,000 after buying an additional 31 shares in the last quarter. Family Legacy Financial Solutions LLC acquired a new stake in Caterpillar during the second quarter worth approximately $32,000. Harbor Asset Planning Inc. bought a new position in Caterpillar during the 2nd quarter worth $34,000. Finally, Total Wealth Planning & Management Inc. acquired a new position in Caterpillar in the 2nd quarter valued at $38,000. Institutional investors own 70.98% of the company’s stock.

Caterpillar Trading Down 0.1%

NYSE CAT opened at $552.74 on Friday. The company has a market cap of $258.67 billion, a price-to-earnings ratio of 28.37, a price-to-earnings-growth ratio of 3.33 and a beta of 1.51. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $596.21. The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 1.34. The business’s fifty day moving average is $506.27 and its 200 day moving average is $426.95.

Caterpillar (NYSE:CAT) last issued its earnings results on Wednesday, October 29th. The industrial products company reported $4.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.52 by $0.43. Caterpillar had a return on equity of 47.16% and a net margin of 14.34%.The business had revenue of $17.64 billion during the quarter, compared to analysts’ expectations of $16.72 billion. During the same quarter in the prior year, the firm earned $5.17 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, sell-side analysts expect that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The firm 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 dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, October 20th. Caterpillar’s payout ratio is presently 31.01%.

Analysts Set New Price Targets

A number of research analysts recently commented on CAT shares. Barclays boosted their price target on Caterpillar from $485.00 to $555.00 and gave the company an “equal weight” rating in a research note on Thursday, October 30th. Hsbc Global Res raised shares of Caterpillar from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Robert W. Baird lifted their price objective on shares of Caterpillar from $612.00 to $680.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Morgan Stanley upped their target price on Caterpillar from $350.00 to $380.00 and gave the stock an “underweight” rating in a research note on Thursday, October 30th. Finally, UBS Group boosted their price target on Caterpillar from $506.00 to $581.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Caterpillar currently has a consensus rating of “Moderate Buy” and a consensus target price of $600.94.

Insider Transactions at Caterpillar

In related news, Chairman Donald J. Umpleby III sold 17,168 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $412.87, for a total transaction of $7,088,152.16. Following the completion of the transaction, the chairman directly owned 482,505 shares of the company’s stock, valued at $199,211,839.35. This trade represents a 3.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lange Bob De sold 14,638 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $562.36, for a total value of $8,231,825.68. Following the completion of the sale, the insider owned 80,209 shares in the company, valued at $45,106,333.24. This trade represents a 15.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 86,229 shares of company stock worth $43,323,118. 0.33% of the stock is currently owned by insiders.

About Caterpillar

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.