Rand Wealth LLC Has $4.79 Million Position in Caterpillar Inc. (CAT)

Rand Wealth LLC cut its holdings in Caterpillar Inc. (NYSE:CAT) by 7.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,416 shares of the industrial products company’s stock after selling 2,533 shares during the quarter. Rand Wealth LLC’s holdings in Caterpillar were worth $4,791,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Global Retirement Partners LLC raised its position in Caterpillar by 16.9% in the third quarter. Global Retirement Partners LLC now owns 2,493 shares of the industrial products company’s stock valued at $380,000 after purchasing an additional 360 shares during the period. Private Capital Group LLC lifted its holdings in shares of Caterpillar by 10.7% in the 2nd quarter. Private Capital Group LLC now owns 3,759 shares of the industrial products company’s stock valued at $509,000 after purchasing an additional 362 shares during the last quarter. Segall Bryant & Hamill LLC raised its stake in Caterpillar by 1.1% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 34,837 shares of the industrial products company’s stock valued at $4,726,000 after acquiring an additional 372 shares during the last quarter. Financial Advocates Investment Management raised its stake in Caterpillar by 6.2% during the 2nd quarter. Financial Advocates Investment Management now owns 6,379 shares of the industrial products company’s stock valued at $869,000 after acquiring an additional 374 shares during the last quarter. Finally, First Interstate Bank increased its position in Caterpillar by 21.4% during the 3rd quarter. First Interstate Bank now owns 2,137 shares of the industrial products company’s stock worth $326,000 after purchasing an additional 376 shares during the period. Institutional investors own 66.86% of the company’s stock.

NYSE:CAT traded down $4.87 during midday trading on Tuesday, hitting $134.08. 137,246 shares of the stock were exchanged, compared to its average volume of 5,429,446. Caterpillar Inc. has a one year low of $112.06 and a one year high of $173.24. The stock has a market cap of $80.06 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 0.50 and a beta of 1.61. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.48 and a quick ratio of 1.02.

Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, October 23rd. The industrial products company reported $2.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.83 by $0.03. Caterpillar had a return on equity of 44.13% and a net margin of 7.13%. The firm had revenue of $13.51 billion for the quarter, compared to analysts’ expectations of $13.28 billion. During the same quarter in the previous year, the company earned $1.95 earnings per share. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. On average, sell-side analysts expect that Caterpillar Inc. will post 11.64 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 20th. Shareholders of record on Monday, October 22nd were given a $0.86 dividend. The ex-dividend date of this dividend was Friday, October 19th. This represents a $3.44 annualized dividend and a yield of 2.57%. Caterpillar’s dividend payout ratio (DPR) is 50.00%.

A number of equities research analysts recently weighed in on the company. Citigroup upgraded Caterpillar to an “outperform” rating in a report on Friday, September 21st. OTR Global cut Caterpillar to a “positive” rating in a report on Friday, September 21st. Macquarie set a $130.00 target price on Caterpillar and gave the company a “sell” rating in a report on Tuesday, September 25th. Robert W. Baird upgraded Caterpillar from a “neutral” rating to an “outperform” rating and set a $158.00 target price on the stock in a report on Thursday, September 20th. Finally, Zacks Investment Research cut Caterpillar from a “buy” rating to a “hold” rating in a report on Monday, October 8th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $158.90.

In other Caterpillar news, insider Denise C. Johnson sold 35,051 shares of Caterpillar stock in a transaction that occurred on Tuesday, October 2nd. The shares were sold at an average price of $154.18, for a total value of $5,404,163.18. Following the transaction, the insider now owns 22,826 shares in the company, valued at $3,519,312.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Lange Bob De purchased 1,080 shares of the firm’s stock in a transaction on Friday, October 26th. The stock was acquired at an average price of $115.58 per share, for a total transaction of $124,826.40. Following the transaction, the insider now owns 11,310 shares of the company’s stock, valued at approximately $1,307,209.80. The disclosure for this purchase can be found here. Insiders own 0.36% of the company’s stock.

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About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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