Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in shares of Caterpillar, Inc. (NYSE:CAT) by 6.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,597 shares of the industrial products company’s stock after buying an additional 103 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Caterpillar were worth $168,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Cypress Capital Group lifted its position in Caterpillar by 202.7% during the second quarter. Cypress Capital Group now owns 9,408 shares of the industrial products company’s stock valued at $1,011,000 after buying an additional 6,300 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Caterpillar by 21.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 229,515 shares of the industrial products company’s stock valued at $24,664,000 after buying an additional 41,164 shares in the last quarter. 361 Capital LLC acquired a new position in Caterpillar during the second quarter valued at approximately $7,417,000. Laurel Wealth Advisors Inc. lifted its position in Caterpillar by 29.1% during the second quarter. Laurel Wealth Advisors Inc. now owns 3,032 shares of the industrial products company’s stock valued at $325,000 after buying an additional 683 shares in the last quarter. Finally, Private Advisory Group LLC lifted its position in Caterpillar by 16.0% during the second quarter. Private Advisory Group LLC now owns 8,020 shares of the industrial products company’s stock valued at $862,000 after buying an additional 1,106 shares in the last quarter. 69.41% of the stock is currently owned by hedge funds and other institutional investors.

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Caterpillar, Inc. (CAT) opened at $136.48 on Friday. The company has a market cap of $80,518.32, a PE ratio of 24.39, a PEG ratio of 2.05 and a beta of 1.29. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 1.58. Caterpillar, Inc. has a 12-month low of $90.34 and a 12-month high of $140.44.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, topping the consensus estimate of $1.27 by $0.68. The business had revenue of $11.41 billion during the quarter, compared to analyst estimates of $10.69 billion. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The company’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 earnings per share. research analysts expect that Caterpillar, Inc. will post 6.4 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, October 23rd will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, October 20th. This represents a $3.12 annualized dividend and a dividend yield of 2.29%. Caterpillar’s dividend payout ratio is currently 216.67%.

CAT has been the topic of a number of recent research reports. UBS AG set a $155.00 target price on shares of Caterpillar and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Stifel Nicolaus boosted their target price on shares of Caterpillar from $125.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Royal Bank Of Canada boosted their target price on shares of Caterpillar from $120.00 to $143.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 25th. Robert W. Baird boosted their target price on shares of Caterpillar from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Finally, Bank of America Corporation set a $152.00 target price on shares of Caterpillar and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the stock. Caterpillar presently has an average rating of “Hold” and a consensus price target of $133.76.

In other news, insider Lange Bob De sold 1,572 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $137.58, for a total transaction of $216,275.76. Following the completion of the transaction, the insider now owns 11,096 shares in the company, valued at $1,526,587.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel M. Dickinson sold 3,813 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $137.09, for a total transaction of $522,724.17. Following the transaction, the director now owns 6,554 shares of the company’s stock, valued at approximately $898,487.86. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

Caterpillar Company Profile

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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