Lbp Am Sa Has $6.33 Million Stock Holdings in Caterpillar Inc. $CAT

Lbp Am Sa increased its position in Caterpillar Inc. (NYSE:CAT) by 246.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,271 shares of the industrial products company’s stock after buying an additional 9,436 shares during the quarter. Lbp Am Sa’s holdings in Caterpillar were worth $6,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. Kilter Group LLC acquired a new position in shares of Caterpillar during the second quarter worth $27,000. Mid American Wealth Advisory Group Inc. bought a new position in shares of Caterpillar during the second quarter worth about $28,000. Marquette Asset Management LLC lifted its stake in shares of Caterpillar by 1,060.0% in the third quarter. Marquette Asset Management LLC now owns 58 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 53 shares during the period. RiverPark Advisors LLC bought a new stake in Caterpillar in the second quarter valued at approximately $32,000. Finally, Joseph Group Capital Management acquired a new stake in Caterpillar during the 3rd quarter valued at approximately $32,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Stock Up 1.6%

Shares of NYSE CAT opened at $636.63 on Tuesday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.38 and a quick ratio of 0.86. The stock has a market capitalization of $297.93 billion, a PE ratio of 32.68, a P/E/G ratio of 2.42 and a beta of 1.57. Caterpillar Inc. has a one year low of $267.30 and a one year high of $655.78. The business’s fifty day moving average price is $596.16 and its 200-day moving average price is $513.74.

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 business had revenue of $17.64 billion for the quarter, compared to analysts’ expectations of $16.72 billion. Caterpillar had a return on equity of 47.16% and a net margin of 14.34%.The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business posted $5.17 EPS. On average, equities research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Tuesday, January 20th will be given a dividend of $1.51 per share. The ex-dividend date is Tuesday, January 20th. This represents a $6.04 annualized dividend and a dividend yield of 0.9%. Caterpillar’s dividend payout ratio is currently 31.01%.

Insider Transactions at Caterpillar

In related news, insider Lange Bob De sold 14,638 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $562.36, for a total transaction of $8,231,825.68. Following the sale, the insider directly owned 80,209 shares in the company, valued at approximately $45,106,333.24. The trade was a 15.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Anthony D. Fassino sold 8,184 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $570.18, for a total value of $4,666,353.12. Following the completion of the transaction, the insider owned 41,512 shares of the company’s stock, valued at approximately $23,669,312.16. This represents a 16.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 54,729 shares of company stock valued at $31,084,308. 0.33% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CAT has been the subject of a number of analyst reports. Barclays lifted their target price on shares of Caterpillar from $555.00 to $610.00 and gave the stock an “equal weight” rating in a research note on Friday. Evercore ISI increased their price target on Caterpillar from $476.00 to $630.00 and gave the stock an “outperform” rating in a report on Monday, November 17th. Oppenheimer upped their target price on Caterpillar from $645.00 to $700.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. DA Davidson raised their target price on Caterpillar from $408.00 to $569.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Finally, Robert W. Baird lifted their target price on shares of Caterpillar from $612.00 to $680.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $637.70.

Caterpillar Company Profile

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.