Caterpillar Inc. $CAT Shares Bought by Linscomb Wealth Inc.

Linscomb Wealth Inc. raised its position in Caterpillar Inc. (NYSE:CAT) by 2.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,552 shares of the industrial products company’s stock after acquiring an additional 38 shares during the period. Linscomb Wealth Inc.’s holdings in Caterpillar were worth $603,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mid American Wealth Advisory Group Inc. acquired a new stake in Caterpillar during the second quarter worth $28,000. Compass Financial Services Inc increased its stake in 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 acquiring an additional 31 shares during the last quarter. Family Legacy Financial Solutions LLC acquired a new stake in Caterpillar during the second quarter worth $32,000. Harbor Asset Planning Inc. acquired a new stake in Caterpillar during the second quarter worth $34,000. Finally, Total Wealth Planning & Management Inc. purchased a new position in shares of Caterpillar during the second quarter worth $38,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, Director Susan C. Schwab sold 2,324 shares of the company’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $410.00, for a total value of $952,840.00. Following the completion of the transaction, the director owned 6,917 shares in the company, valued at $2,835,970. This represents a 25.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Donald J. Umpleby III sold 17,168 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $412.87, for a total transaction of $7,088,152.16. Following the completion of the transaction, the chairman owned 482,505 shares of the company’s stock, valued at $199,211,839.35. This represents a 3.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 55,985 shares of company stock worth $25,559,300 over the last 90 days. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Stock Performance

NYSE:CAT opened at $578.28 on Friday. The firm has a market capitalization of $270.91 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 3.33 and a beta of 1.46. The business’s fifty day moving average price is $478.42 and its 200 day moving average price is $408.38. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.38 and a quick ratio of 0.81. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $596.21.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $4.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.52 by $0.43. Caterpillar had a net margin of 14.34% and a return on equity of 47.16%. The company had revenue of $17.64 billion during the quarter, compared to the consensus estimate of $16.72 billion. During the same quarter in the prior year, the firm posted $5.17 earnings per share. Caterpillar’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, sell-side analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Monday, October 20th will be paid a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, October 20th. Caterpillar’s dividend payout ratio is currently 30.72%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CAT shares. Evercore ISI raised shares of Caterpillar from an “in-line” rating to an “outperform” rating and set a $476.00 price target on the stock in a research report on Tuesday, August 19th. Weiss Ratings reiterated a “buy (b)” rating on shares of Caterpillar in a report on Tuesday, October 14th. Erste Group Bank upgraded Caterpillar from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. JPMorgan Chase & Co. increased their price target on Caterpillar from $650.00 to $730.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Melius raised Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 price objective for the company in a research report on Wednesday, July 9th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $568.50.

Caterpillar Profile

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.