Family Capital Management Inc. Makes New $214,000 Investment in Caterpillar Inc. (NYSE:CAT)

Family Capital Management Inc. purchased a new stake in shares of Caterpillar Inc. (NYSE:CAT) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 546 shares of the industrial products company’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CAT. Bbjs Financial Advisors LLC purchased a new stake in shares of Caterpillar during the 2nd quarter valued at about $28,000. Financial Connections Group Inc. purchased a new stake in Caterpillar in the second quarter worth approximately $28,000. Capital Performance Advisors LLP bought a new stake in Caterpillar in the 3rd quarter worth approximately $36,000. Fairscale Capital LLC purchased a new stake in Caterpillar during the 2nd quarter valued at $36,000. Finally, POM Investment Strategies LLC lifted its holdings in shares of Caterpillar by 2,160.0% during the 2nd quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company’s stock valued at $38,000 after buying an additional 108 shares during the period. Institutional investors own 70.98% of the company’s stock.

Insider Activity at Caterpillar

In other news, insider Anthony D. Fassino sold 3,185 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $351.36, for a total transaction of $1,119,081.60. Following the completion of the transaction, the insider now directly owns 33,442 shares in the company, valued at approximately $11,750,181.12. This represents a 8.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel M. Dickinson sold 1,300 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $418.00, for a total transaction of $543,400.00. Following the completion of the sale, the director now owns 4,976 shares in the company, valued at $2,079,968. This represents a 20.71 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,774 shares of company stock valued at $8,233,034. Insiders own 0.29% of the company’s stock.

Caterpillar Stock Up 2.0 %

NYSE CAT opened at $397.49 on Friday. Caterpillar Inc. has a 12 month low of $246.01 and a 12 month high of $418.50. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The stock has a market cap of $191.91 billion, a PE ratio of 18.43, a P/E/G ratio of 1.92 and a beta of 1.10. The stock’s 50 day moving average is $386.81 and its 200 day moving average is $355.84.

Caterpillar (NYSE:CAT) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). The company had revenue of $16.11 billion for the quarter, compared to the consensus estimate of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. Caterpillar’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.52 EPS. Research analysts predict that Caterpillar Inc. will post 21.68 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st were issued a $1.41 dividend. The ex-dividend date of this dividend was Monday, October 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.42%. Caterpillar’s dividend payout ratio (DPR) is 26.15%.

Wall Street Analyst Weigh In

CAT has been the subject of a number of research reports. Bank of America upped their price objective on Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research report on Monday, September 30th. JPMorgan Chase & Co. increased their price objective on shares of Caterpillar from $435.00 to $500.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Robert W. Baird boosted their target price on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research report on Thursday, October 31st. Barclays increased their price target on shares of Caterpillar from $315.00 to $335.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 7th. Finally, StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $365.33.

Caterpillar 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.