Fiera Capital Corp Makes New $716,000 Investment in Caterpillar Inc. $CAT

Fiera Capital Corp acquired a new stake in Caterpillar Inc. (NYSE:CAT) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,845 shares of the industrial products company’s stock, valued at approximately $716,000.

Other hedge funds have also added to or reduced their stakes in the company. D Orazio & Associates Inc. boosted its stake in shares of Caterpillar by 2.7% during the 2nd quarter. D Orazio & Associates Inc. now owns 1,012 shares of the industrial products company’s stock worth $393,000 after buying an additional 27 shares during the last quarter. ABN Amro Investment Solutions acquired a new position in Caterpillar during the second quarter valued at approximately $3,200,000. Cherokee Insurance Co bought a new position in Caterpillar in the second quarter valued at approximately $1,417,000. Bailard Inc. increased its position in shares of Caterpillar by 37.1% during the 2nd quarter. Bailard Inc. now owns 19,795 shares of the industrial products company’s stock worth $7,685,000 after purchasing an additional 5,355 shares during the last quarter. Finally, United Asset Strategies Inc. raised its stake in shares of Caterpillar by 15.3% during the 2nd quarter. United Asset Strategies Inc. now owns 2,440 shares of the industrial products company’s stock worth $947,000 after purchasing an additional 323 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Down 0.1%

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

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $4.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.52 by $0.43. Caterpillar had a net margin of 14.34% and a return on equity of 47.16%. The firm had revenue of $17.64 billion during the quarter, compared to the consensus estimate of $16.72 billion. During the same quarter in the previous year, the firm posted $5.17 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Monday, October 20th will be given a dividend of $1.51 per share. The ex-dividend date of this dividend is Monday, October 20th. This represents a $6.04 dividend on an annualized basis and a yield of 1.1%. Caterpillar’s dividend payout ratio is currently 31.01%.

Insider Activity

In other Caterpillar news, insider Jason Kaiser sold 10,707 shares of Caterpillar stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $563.60, for a total value of $6,034,465.20. Following the completion of the transaction, the insider directly owned 8,649 shares of the company’s stock, valued at $4,874,576.40. The trade was a 55.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anthony D. Fassino sold 8,184 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $570.18, for a total value of $4,666,353.12. Following the sale, the insider owned 41,512 shares of the company’s stock, valued at approximately $23,669,312.16. The trade was a 16.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 86,229 shares of company stock worth $43,323,118. 0.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. UBS Group boosted their target price on shares of Caterpillar from $506.00 to $581.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Erste Group Bank upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. HSBC upgraded Caterpillar from a “hold” rating to a “buy” rating and lifted their price target for the stock from $405.00 to $660.00 in a report on Wednesday, November 5th. Wells Fargo & Company assumed coverage on Caterpillar in a research note on Thursday. They issued an “overweight” rating and a $675.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their target price on Caterpillar from $650.00 to $730.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $600.94.

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.