Caterpillar Inc. $CAT Shares Acquired by Quadrant Capital Group LLC

Quadrant Capital Group LLC increased its position in shares of Caterpillar Inc. (NYSE:CAT) by 12.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,203 shares of the industrial products company’s stock after buying an additional 1,464 shares during the quarter. Quadrant Capital Group LLC’s holdings in Caterpillar were worth $5,125,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Mid American Wealth Advisory Group Inc. acquired a new stake in Caterpillar during the 2nd quarter worth $28,000. Compass Financial Services Inc boosted its stake in shares of Caterpillar by 49.2% during the first quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock worth $31,000 after buying an additional 31 shares during the period. Family Legacy Financial Solutions LLC purchased a new position in shares of Caterpillar during the second quarter worth about $32,000. RiverPark Advisors LLC purchased a new stake in Caterpillar during the 2nd quarter valued at approximately $32,000. Finally, Harbor Asset Planning Inc. acquired a new position in shares of Caterpillar in the second quarter valued at approximately $34,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Jason Kaiser sold 10,707 shares of Caterpillar stock in a transaction dated 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 sale, the insider directly owned 8,649 shares of the company’s stock, valued at approximately $4,874,576.40. The trade was a 55.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anthony D. Fassino sold 8,184 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly owned 41,512 shares of the company’s stock, valued at $23,669,312.16. This represents a 16.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 86,229 shares of company stock valued at $43,323,118 over the last three months. Company insiders own 0.33% of the company’s stock.

Caterpillar Stock Performance

Shares of CAT stock opened at $572.56 on Thursday. The firm has a market capitalization of $267.95 billion, a price-to-earnings ratio of 29.39, a price-to-earnings-growth ratio of 3.33 and a beta of 1.51. The company has a 50 day moving average price of $526.14 and a 200 day moving average price of $440.97. Caterpillar Inc. has a one year low of $267.30 and a one year high of $596.21. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.81 and a current ratio of 1.38.

Caterpillar (NYSE:CAT) last issued its earnings results on Wednesday, October 29th. The industrial products company reported $4.95 earnings per share for the quarter, topping the consensus estimate of $4.52 by $0.43. Caterpillar had a return on equity of 47.16% and a net margin of 14.34%.The business had revenue of $17.64 billion for the quarter, compared to analyst estimates of $16.72 billion. During the same period last year, the company posted $5.17 EPS. The business’s quarterly revenue was up 9.5% on a year-over-year basis. Sell-side analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently weighed in on CAT. Morgan Stanley lifted their price objective on shares of Caterpillar from $350.00 to $380.00 and gave the company an “underweight” rating in a research report on Thursday, October 30th. Jefferies Financial Group increased their target price on Caterpillar from $570.00 to $700.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Hsbc Global Res upgraded shares of Caterpillar from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Royal Bank Of Canada started coverage on shares of Caterpillar in a report on Wednesday, October 22nd. They issued a “sector perform” rating and a $560.00 price target for the company. Finally, Citigroup upped their target price on Caterpillar from $570.00 to $670.00 and gave the company a “buy” rating in a report on Friday, October 31st. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Caterpillar currently has an average rating of “Moderate Buy” and a consensus target price of $610.32.

About Caterpillar

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.