Phillips Wealth Planners LLC Has $329,000 Stock Position in Caterpillar Inc. (NYSE:CAT)

Phillips Wealth Planners LLC grew its holdings in Caterpillar Inc. (NYSE:CAT) by 25.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 835 shares of the industrial products company’s stock after acquiring an additional 169 shares during the quarter. Phillips Wealth Planners LLC’s holdings in Caterpillar were worth $329,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Norden Group LLC acquired a new position in shares of Caterpillar during the first quarter valued at about $672,000. Diversify Advisory Services LLC bought a new stake in shares of Caterpillar in the 1st quarter worth approximately $926,000. Resonant Capital Advisors LLC grew its holdings in shares of Caterpillar by 21.1% during the 1st quarter. Resonant Capital Advisors LLC now owns 1,602 shares of the industrial products company’s stock worth $587,000 after purchasing an additional 279 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Caterpillar by 9.8% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,722 shares of the industrial products company’s stock valued at $4,662,000 after purchasing an additional 1,133 shares in the last quarter. Finally, Choreo LLC raised its stake in shares of Caterpillar by 13.3% in the 1st quarter. Choreo LLC now owns 14,039 shares of the industrial products company’s stock valued at $5,144,000 after buying an additional 1,649 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Price Performance

NYSE CAT opened at $379.63 on Friday. The business has a 50 day simple moving average of $372.40 and a 200 day simple moving average of $351.42. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.78 and a current ratio of 1.40. Caterpillar Inc. has a 52-week low of $232.88 and a 52-week high of $403.60. The stock has a market cap of $184.08 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 1.86 and a beta of 1.10.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). The firm had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $5.52 earnings per share. Analysts anticipate that Caterpillar Inc. will post 21.88 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st will be paid a dividend of $1.41 per share. The ex-dividend date of this dividend is Monday, October 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.49%. Caterpillar’s dividend payout ratio is 26.15%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CAT. Morgan Stanley cut Caterpillar from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $349.00 to $332.00 in a report on Monday, October 14th. JPMorgan Chase & Co. boosted their price target on shares of Caterpillar from $435.00 to $500.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. UBS Group raised their price objective on shares of Caterpillar from $270.00 to $285.00 and gave the stock a “sell” rating in a report on Wednesday, August 7th. Bank of America boosted their target price on Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Finally, Citigroup dropped their price target on Caterpillar from $445.00 to $435.00 and set a “buy” rating for the company in a report on Thursday. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $357.56.

Insider Activity at Caterpillar

In related news, Director Gerald Johnson purchased 100 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was purchased at an average cost of $338.59 per share, for a total transaction of $33,859.00. Following the completion of the purchase, the director now directly owns 2,842 shares in the company, valued at $962,272.78. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Cheryl H. Johnson sold 2,975 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $342.48, for a total value of $1,018,878.00. Following the transaction, the insider now owns 15,615 shares of the company’s stock, valued at approximately $5,347,825.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gerald Johnson purchased 100 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were purchased at an average cost of $338.59 per share, with a total value of $33,859.00. Following the completion of the acquisition, the director now owns 2,842 shares in the company, valued at $962,272.78. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is owned by company insiders.

Caterpillar Company 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.