November 10, 2019 at 6:11 pm

Golub Group LLC Buys 1,001 Shares of Caterpillar Inc. (NYSE:CAT)

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Golub Group LLC grew its stake in Caterpillar Inc. (NYSE:CAT) by 7.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 15,194 shares of the industrial products company’s stock after purchasing an additional 1,001 shares during the quarter. Golub Group LLC’s holdings in Caterpillar were worth $1,919,000 as of its most recent SEC filing.

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Other institutional investors also recently added to or reduced their stakes in the company. Sound Income Strategies LLC lifted its holdings in shares of Caterpillar by 23.5% during the second quarter. Sound Income Strategies LLC now owns 378 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 72 shares in the last quarter. First Merchants Corp lifted its holdings in shares of Caterpillar by 0.4% during the second quarter. First Merchants Corp now owns 20,577 shares of the industrial products company’s stock valued at $2,804,000 after purchasing an additional 75 shares in the last quarter. Gables Capital Management Inc. lifted its holdings in shares of Caterpillar by 1.0% during the third quarter. Gables Capital Management Inc. now owns 7,730 shares of the industrial products company’s stock valued at $973,000 after purchasing an additional 75 shares in the last quarter. LexAurum Advisors LLC increased its position in Caterpillar by 4.7% during the second quarter. LexAurum Advisors LLC now owns 1,700 shares of the industrial products company’s stock valued at $232,000 after acquiring an additional 77 shares during the last quarter. Finally, River Wealth Advisors LLC increased its position in Caterpillar by 1.5% during the third quarter. River Wealth Advisors LLC now owns 5,167 shares of the industrial products company’s stock valued at $653,000 after acquiring an additional 78 shares during the last quarter. 65.74% of the stock is currently owned by institutional investors and hedge funds.

CAT traded up $1.15 during midday trading on Friday, reaching $148.16. The company had a trading volume of 2,714,785 shares, compared to its average volume of 4,321,513. The company has a quick ratio of 0.99, a current ratio of 1.44 and a debt-to-equity ratio of 1.71. The business has a 50-day moving average of $131.66 and a two-hundred day moving average of $129.08. The company has a market cap of $80.89 billion, a P/E ratio of 13.20, a P/E/G ratio of 1.54 and a beta of 1.53. Caterpillar Inc. has a 1 year low of $111.75 and a 1 year high of $148.40.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $2.66 EPS for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.16). The company had revenue of $12.76 billion during the quarter, compared to analysts’ expectations of $13.49 billion. Caterpillar had a return on equity of 42.51% and a net margin of 10.99%. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.86 EPS. On average, equities research analysts predict that Caterpillar Inc. will post 10.89 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Friday, October 18th. Caterpillar’s payout ratio is 36.72%.

A number of analysts recently commented on CAT shares. Royal Bank of Canada reiterated a “hold” rating on shares of Caterpillar in a research report on Wednesday, August 14th. Stephens started coverage on Caterpillar in a research report on Wednesday, August 14th. They set an “underweight” rating and a $100.00 price objective for the company. Buckingham Research cut Caterpillar from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $162.00 to $140.00 in a research report on Thursday, July 25th. ValuEngine upgraded Caterpillar from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Credit Suisse Group reiterated a “buy” rating and set a $150.00 price objective on shares of Caterpillar in a research report on Thursday, October 24th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $138.76.

In other Caterpillar news, insider Denise C. Johnson sold 14,777 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $140.00, for a total value of $2,068,780.00. Following the completion of the sale, the insider now owns 26,464 shares in the company, valued at $3,704,960. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Denise C. Johnson sold 68,993 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $146.37, for a total value of $10,098,505.41. In the last 90 days, insiders sold 95,141 shares of company stock valued at $13,717,142. Company insiders own 0.37% of the company’s stock.

Caterpillar Profile

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

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Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT).

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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