Fiera Capital Corp Takes $716,000 Position in Caterpillar Inc. $CAT

Fiera Capital Corp purchased a new stake in shares of Caterpillar Inc. (NYSE:CAT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,845 shares of the industrial products company’s stock, valued at approximately $716,000.

Several other hedge funds also recently modified their holdings of the company. Aire Advisors LLC raised its position in Caterpillar by 0.3% in the 2nd quarter. Aire Advisors LLC now owns 9,042 shares of the industrial products company’s stock valued at $3,510,000 after purchasing an additional 25 shares during the last quarter. Dumont & Blake Investment Advisors LLC increased its stake in shares of Caterpillar by 0.5% in the second quarter. Dumont & Blake Investment Advisors LLC now owns 4,954 shares of the industrial products company’s stock valued at $1,923,000 after buying an additional 25 shares in the last quarter. Redwood Wealth Management Group LLC raised its holdings in shares of Caterpillar by 0.9% in the second quarter. Redwood Wealth Management Group LLC now owns 2,669 shares of the industrial products company’s stock valued at $1,036,000 after buying an additional 25 shares during the last quarter. Tsfg LLC grew its holdings in Caterpillar by 9.8% during the 2nd quarter. Tsfg LLC now owns 279 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 25 shares during the last quarter. Finally, GSB Wealth Management LLC increased its position in Caterpillar by 1.2% in the 2nd quarter. GSB Wealth Management LLC now owns 2,143 shares of the industrial products company’s stock valued at $832,000 after acquiring an additional 26 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Barclays increased their price target on shares of Caterpillar from $485.00 to $555.00 and gave the company an “equal weight” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. lifted their target price on Caterpillar from $650.00 to $730.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Royal Bank Of Canada initiated coverage on Caterpillar in a research report on Wednesday, October 22nd. They set a “sector perform” rating and a $560.00 target price for the company. DA Davidson lifted their price objective on Caterpillar from $408.00 to $569.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Finally, Morgan Stanley upped their target price 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. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $600.94.

Caterpillar Price Performance

Caterpillar stock opened at $552.74 on Friday. The firm has a market capitalization of $258.67 billion, a P/E ratio of 28.37, a PEG ratio of 3.33 and a beta of 1.51. The business has a 50-day moving average of $506.27 and a 200-day moving average of $426.95. The company has a current ratio of 1.38, a quick ratio of 0.81 and a debt-to-equity ratio of 1.34. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $596.21.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Wednesday, October 29th. 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 firm had revenue of $17.64 billion during the quarter, compared to analysts’ expectations of $16.72 billion. Caterpillar had a net margin of 14.34% and a return on equity of 47.16%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.17 earnings per share. On average, equities analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, October 20th. Caterpillar’s payout ratio is presently 31.01%.

Insider Activity at Caterpillar

In other Caterpillar news, insider Lange Bob De sold 14,638 shares of Caterpillar stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $562.36, for a total value of $8,231,825.68. Following the transaction, the insider owned 80,209 shares of the company’s stock, valued at approximately $45,106,333.24. The trade was a 15.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO William E. Schaupp sold 1,200 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $572.22, for a total transaction of $686,664.00. Following the sale, the chief accounting officer directly owned 1,323 shares of the company’s stock, valued at $757,047.06. This represents a 47.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 86,229 shares of company stock valued at $43,323,118 over the last 90 days. Insiders own 0.33% of the company’s stock.

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.