Insight Capital Research & Management Inc. Invests $890,000 in Caterpillar Inc. (CAT) Stock

Insight Capital Research & Management Inc. acquired a new position in Caterpillar Inc. (NYSE:CAT) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,133 shares of the industrial products company’s stock, valued at approximately $890,000.

A number of other institutional investors have also made changes to their positions in the stock. Beach Investment Management LLC. acquired a new position in Caterpillar in the 2nd quarter worth about $231,000. NGAM Advisors L.P. increased its position in Caterpillar by 2.9% in the 2nd quarter. NGAM Advisors L.P. now owns 81,344 shares of the industrial products company’s stock worth $8,742,000 after purchasing an additional 2,286 shares during the last quarter. Bank of Nova Scotia increased its position in Caterpillar by 527.0% in the 1st quarter. Bank of Nova Scotia now owns 196,294 shares of the industrial products company’s stock worth $18,208,000 after purchasing an additional 164,989 shares during the last quarter. Wealthsource Partners LLC acquired a new position in Caterpillar in the 2nd quarter worth about $316,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Caterpillar by 9.8% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,071 shares of the industrial products company’s stock worth $5,995,000 after purchasing an additional 4,291 shares during the last quarter. 68.54% of the stock is owned by hedge funds and other institutional investors.

Shares of Caterpillar Inc. (NYSE:CAT) opened at $155.75 on Tuesday. The stock has a market capitalization of $92,660.91, a P/E ratio of 108.16, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 1.58. Caterpillar Inc. has a fifty-two week low of $90.34 and a fifty-two week high of $155.80.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.68. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The company had revenue of $11.41 billion during the quarter, compared to the consensus estimate of $10.69 billion. During the same quarter last year, the company earned $0.85 EPS. The company’s quarterly revenue was up 24.6% on a year-over-year basis. equities research analysts forecast that Caterpillar Inc. will post 6.45 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be given a $0.78 dividend. The ex-dividend date is Friday, January 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.00%. Caterpillar’s dividend payout ratio is currently 216.67%.

Several research analysts have weighed in on the company. Citigroup upped their target price on Caterpillar from $145.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, December 21st. OTR Global lowered Caterpillar to a “positive” rating in a research report on Monday, December 18th. Barclays assumed coverage on Caterpillar in a research report on Tuesday, December 12th. They issued an “overweight” rating and a $162.00 target price on the stock. Vetr lowered Caterpillar from a “hold” rating to a “sell” rating and set a $137.72 target price on the stock. in a research report on Thursday, December 7th. Finally, UBS Group set a $155.00 target price on Caterpillar and gave the stock a “buy” rating in a research report on Tuesday, December 5th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $139.93.

In other Caterpillar news, insider Lange Bob De sold 1,572 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $137.58, for a total value of $216,275.76. Following the completion of the sale, the insider now owns 11,096 shares in the company, valued at approximately $1,526,587.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bradley M. Halverson sold 2,600 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $137.67, for a total value of $357,942.00. Following the transaction, the insider now owns 5,214 shares of the company’s stock, valued at approximately $717,811.38. The disclosure for this sale can be found here. Insiders sold a total of 52,989 shares of company stock valued at $7,235,850 in the last quarter. Corporate insiders own 0.14% of the company’s stock.

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Caterpillar Company Profile

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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