Fiduciary Family Office LLC Has $1.16 Million Stock Position in Caterpillar Inc. (NYSE:CAT)

Fiduciary Family Office LLC lowered its position in shares of Caterpillar Inc. (NYSE:CAT) by 10.8% during the third quarter, HoldingsChannel reports. The fund owned 2,952 shares of the industrial products company’s stock after selling 358 shares during the quarter. Fiduciary Family Office LLC’s holdings in Caterpillar were worth $1,155,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. MinichMacGregor Wealth Management LLC grew its position in shares of Caterpillar by 2.3% in the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 1,226 shares of the industrial products company’s stock valued at $479,000 after buying an additional 28 shares during the last quarter. Crestwood Advisors Group LLC grew its position in shares of Caterpillar by 1.0% in the 3rd quarter. Crestwood Advisors Group LLC now owns 21,728 shares of the industrial products company’s stock valued at $8,498,000 after buying an additional 222 shares during the last quarter. Global Wealth Management Investment Advisory Inc. grew its position in shares of Caterpillar by 3.2% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 12,334 shares of the industrial products company’s stock valued at $4,824,000 after buying an additional 386 shares during the last quarter. Hanlon Investment Management Inc. grew its position in shares of Caterpillar by 16.3% in the 3rd quarter. Hanlon Investment Management Inc. now owns 1,262 shares of the industrial products company’s stock valued at $494,000 after buying an additional 177 shares during the last quarter. Finally, Pittenger & Anderson Inc. grew its position in shares of Caterpillar by 0.5% in the 3rd quarter. Pittenger & Anderson Inc. now owns 37,370 shares of the industrial products company’s stock valued at $14,616,000 after buying an additional 200 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CAT. Bank of America upped their target price on Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Morgan Stanley downgraded Caterpillar from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $349.00 to $332.00 in a research report on Monday, October 14th. JPMorgan Chase & Co. raised their price target on Caterpillar from $435.00 to $500.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, September 24th. Finally, UBS Group upped their price objective on Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a research report on Monday. Three investment 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 MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $358.19.

Insider Activity at Caterpillar

In related news, CAO William E. Schaupp sold 968 shares of Caterpillar stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $380.98, for a total value of $368,788.64. Following the sale, the chief accounting officer now directly owns 1,686 shares in the company, valued at $642,332.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CAO William E. Schaupp sold 968 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $380.98, for a total value of $368,788.64. Following the sale, the chief accounting officer now directly owns 1,686 shares in the company, valued at $642,332.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Anthony D. Fassino sold 3,185 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $351.36, for a total value of $1,119,081.60. Following the completion of the sale, the insider now owns 33,442 shares in the company, valued at $11,750,181.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,128 shares of company stock worth $2,506,748 over the last three months. 0.29% of the stock is currently owned by corporate insiders.

Caterpillar Trading Up 2.1 %

Shares of Caterpillar stock traded up $7.79 during mid-day trading on Tuesday, hitting $384.31. The stock had a trading volume of 411,429 shares, compared to its average volume of 2,610,020. The firm has a 50-day moving average of $372.91 and a two-hundred day moving average of $351.45. Caterpillar Inc. has a 12-month low of $233.57 and a 12-month high of $403.60. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. The firm has a market cap of $186.35 billion, a P/E ratio of 17.85, a price-to-earnings-growth ratio of 1.86 and a beta of 1.10.

Caterpillar (NYSE:CAT) last announced 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). The company had revenue of $16.11 billion during the quarter, compared to analysts’ expectations of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.52 EPS. Sell-side analysts forecast that Caterpillar Inc. will post 21.82 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st will be issued a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Monday, October 21st. Caterpillar’s payout ratio is currently 26.15%.

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.