Gould Capital LLC Has $3.39 Million Stock Position in Caterpillar Inc. (NYSE:CAT)

Gould Capital LLC decreased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,677 shares of the industrial products company’s stock after selling 158 shares during the period. Caterpillar makes up about 2.2% of Gould Capital LLC’s investment portfolio, making the stock its 16th largest holding. Gould Capital LLC’s holdings in Caterpillar were worth $3,394,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Lantz Financial LLC raised its stake in shares of Caterpillar by 2.9% in the 2nd quarter. Lantz Financial LLC now owns 4,181 shares of the industrial products company’s stock valued at $1,393,000 after purchasing an additional 116 shares during the period. M&G Plc raised its position in Caterpillar by 4.0% in the 2nd quarter. M&G Plc now owns 42,641 shares of the industrial products company’s stock valued at $14,199,000 after buying an additional 1,632 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Caterpillar by 18.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 105,872 shares of the industrial products company’s stock valued at $35,266,000 after acquiring an additional 16,689 shares in the last quarter. Great Valley Advisor Group Inc. boosted its position in Caterpillar by 3.8% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 14,440 shares of the industrial products company’s stock worth $4,810,000 after acquiring an additional 532 shares during the last quarter. Finally, ORG Partners LLC grew its stake in shares of Caterpillar by 612.9% during the 2nd quarter. ORG Partners LLC now owns 4,520 shares of the industrial products company’s stock worth $1,488,000 after acquiring an additional 3,886 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Caterpillar news, insider Cheryl H. Johnson sold 2,664 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $378.84, for a total transaction of $1,009,229.76. Following the transaction, the insider now owns 12,951 shares in the company, valued at $4,906,356.84. This represents a 17.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO William E. Schaupp sold 968 shares of Caterpillar stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $380.98, for a total transaction of $368,788.64. Following the completion of the sale, the chief accounting officer now owns 1,686 shares of the company’s stock, valued at approximately $642,332.28. The trade was a 36.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,868 shares of company stock worth $9,679,489 in the last 90 days. Company insiders own 0.29% of the company’s stock.

Caterpillar Price Performance

Shares of CAT opened at $399.34 on Tuesday. The company’s 50-day moving average is $393.01 and its 200-day moving average is $359.52. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. The firm has a market capitalization of $192.80 billion, a PE ratio of 18.51, a PEG ratio of 1.95 and a beta of 1.10. Caterpillar Inc. has a fifty-two week low of $259.12 and a fifty-two week high of $418.50.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The company had revenue of $16.11 billion for the quarter, compared to analyst estimates of $16.37 billion. During the same quarter last year, the business earned $5.52 earnings per share. The company’s revenue was down 4.2% on a year-over-year basis. Equities analysts forecast that Caterpillar Inc. will post 21.67 EPS for the current year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st were issued a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Monday, October 21st. Caterpillar’s dividend payout ratio is 26.15%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CAT. Bank of America boosted their price objective on shares of Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Evercore ISI downgraded shares of Caterpillar from an “in-line” rating to an “underperform” rating and increased their price objective for the stock from $321.00 to $365.00 in a research note on Wednesday, November 13th. StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Robert W. Baird increased their price target on Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research report on Thursday, October 31st. Finally, Citigroup boosted their price target on Caterpillar from $435.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $374.69.

About Caterpillar

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.