MBL Wealth LLC Acquires 1,164 Shares of Caterpillar Inc. $CAT

MBL Wealth LLC raised its holdings in Caterpillar Inc. (NYSE:CAT) by 56.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,235 shares of the industrial products company’s stock after purchasing an additional 1,164 shares during the period. MBL Wealth LLC’s holdings in Caterpillar were worth $1,544,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of CAT. Regent Peak Wealth Advisors LLC bought a new position in shares of Caterpillar in the third quarter valued at approximately $743,000. Trust Co. of Toledo NA OH lifted its stake in Caterpillar by 4.8% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 13,254 shares of the industrial products company’s stock worth $6,324,000 after purchasing an additional 613 shares in the last quarter. HBK Sorce Advisory LLC boosted its holdings in Caterpillar by 8.7% in the 3rd quarter. HBK Sorce Advisory LLC now owns 10,258 shares of the industrial products company’s stock valued at $4,895,000 after purchasing an additional 818 shares during the period. Syntegra Private Wealth Group LLC grew its position in shares of Caterpillar by 2.4% during the 3rd quarter. Syntegra Private Wealth Group LLC now owns 1,037 shares of the industrial products company’s stock valued at $495,000 after purchasing an additional 24 shares in the last quarter. Finally, Uncommon Cents Investing LLC increased its holdings in shares of Caterpillar by 0.8% in the third quarter. Uncommon Cents Investing LLC now owns 3,436 shares of the industrial products company’s stock worth $1,639,000 after purchasing an additional 26 shares during the period. 70.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Royal Bank Of Canada started coverage on Caterpillar in a research report on Wednesday, October 22nd. They set a “sector perform” rating and a $560.00 target price for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Caterpillar in a research report on Monday. Evercore ISI upped their price objective on shares of Caterpillar from $476.00 to $630.00 and gave the stock an “outperform” rating in a research report on Monday, November 17th. Barclays lifted their target price on shares of Caterpillar from $485.00 to $555.00 and gave the company an “equal weight” rating in a research report on Thursday, October 30th. Finally, Jefferies Financial Group increased their price target on shares of Caterpillar from $570.00 to $700.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Three research 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $616.00.

Caterpillar Stock Down 0.0%

Shares of NYSE CAT opened at $582.25 on Friday. The stock has a market capitalization of $272.48 billion, a P/E ratio of 29.89, a PEG ratio of 2.74 and a beta of 1.57. Caterpillar Inc. has a one year low of $267.30 and a one year high of $627.50. The firm’s 50 day simple moving average is $567.17 and its two-hundred day simple moving average is $475.16. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.38 and a quick ratio of 0.86.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Monday, November 3rd. The industrial products company reported $4.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.52 by $0.43. The company had revenue of $17.64 billion during the quarter, compared to analysts’ expectations of $16.72 billion. Caterpillar had a net margin of 14.34% and a return on equity of 47.16%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.17 EPS. As a group, analysts expect that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Tuesday, January 20th will be issued a dividend of $1.51 per share. The ex-dividend date is Tuesday, January 20th. This represents a $6.04 annualized dividend and a yield of 1.0%. Caterpillar’s dividend payout ratio is currently 31.01%.

Insider Buying and Selling at Caterpillar

In other news, insider Anthony D. Fassino sold 8,184 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider owned 41,512 shares in the company, valued at approximately $23,669,312.16. This trade represents a 16.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $6,034,465.20. Following the completion of the transaction, the insider directly owned 8,649 shares in the company, valued at approximately $4,874,576.40. The trade was a 55.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 61,895 shares of company stock worth $34,007,516 over the last quarter. Company insiders own 0.33% of the company’s stock.

About Caterpillar

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.