Kaizen Financial Strategies Has $462,000 Position in Caterpillar Inc. $CAT

Kaizen Financial Strategies cut its holdings in Caterpillar Inc. (NYSE:CAT) by 17.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,191 shares of the industrial products company’s stock after selling 245 shares during the quarter. Kaizen Financial Strategies’ holdings in Caterpillar were worth $462,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Mid American Wealth Advisory Group Inc. bought a new stake in Caterpillar in the 2nd quarter valued at $28,000. Compass Financial Services Inc lifted its holdings in shares of Caterpillar by 49.2% in the first quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 31 shares in the last quarter. Family Legacy Financial Solutions LLC acquired a new position in shares of Caterpillar during the second quarter worth about $32,000. Harbor Asset Planning Inc. bought a new position in shares of Caterpillar during the second quarter worth about $34,000. Finally, Total Wealth Planning & Management Inc. acquired a new stake in Caterpillar in the 2nd quarter valued at approximately $38,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Caterpillar

In related news, insider Anthony D. Fassino sold 8,184 shares of the company’s 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 transaction, the insider owned 41,512 shares in the company, valued at approximately $23,669,312.16. This represents a 16.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Donald J. Umpleby III sold 17,168 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $412.87, for a total transaction of $7,088,152.16. Following the sale, the chairman owned 482,505 shares of the company’s stock, valued at $199,211,839.35. This trade represents a 3.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 77,846 shares of company stock valued at $38,241,493. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Trading Up 0.9%

Shares of NYSE:CAT opened at $573.22 on Thursday. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week 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. The company has a market capitalization of $268.25 billion, a P/E ratio of 29.43, a price-to-earnings-growth ratio of 3.33 and a beta of 1.51. The company has a 50-day simple moving average of $501.01 and a 200 day simple moving average of $424.34.

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 return on equity of 47.16% and a net margin of 14.34%.The firm had revenue of $17.64 billion for the quarter, compared to analyst estimates of $16.72 billion. During the same quarter in the prior year, the company earned $5.17 earnings per share. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. Sell-side analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current 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 given a dividend of $1.51 per share. 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 31.01%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CAT. Oppenheimer upped their price target on Caterpillar from $513.00 to $645.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. boosted their price target on shares of Caterpillar from $650.00 to $730.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Morgan Stanley raised their price objective on Caterpillar from $350.00 to $380.00 and gave the company an “underweight” rating in a report on Thursday, October 30th. Robert W. Baird upped their target price on Caterpillar from $612.00 to $680.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Finally, DA Davidson raised their price target on Caterpillar from $408.00 to $569.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Caterpillar has a consensus rating of “Moderate Buy” and an average target price of $596.59.

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.