Hollow Brook Wealth Management LLC Buys New Stake in Caterpillar Inc. (NYSE:CAT)

Hollow Brook Wealth Management LLC purchased a new stake in Caterpillar Inc. (NYSE:CAT) during the 3rd quarter, HoldingsChannel reports. The firm purchased 582 shares of the industrial products company’s stock, valued at approximately $228,000.

A number of other institutional investors have also made changes to their positions in CAT. Bbjs Financial Advisors LLC bought a new position in shares of Caterpillar during the 2nd quarter worth about $28,000. Financial Connections Group Inc. acquired a new position in Caterpillar in the 2nd quarter valued at approximately $28,000. Capital Performance Advisors LLP bought a new stake in shares of Caterpillar in the 3rd quarter worth approximately $36,000. Fairscale Capital LLC acquired a new stake in shares of Caterpillar in the 2nd quarter valued at $36,000. Finally, POM Investment Strategies LLC increased its position 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 worth $38,000 after purchasing an additional 108 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Trading Up 0.1 %

Shares of CAT stock opened at $406.51 on Monday. The stock’s 50-day moving average price is $391.37 and its 200-day moving average price is $357.73. Caterpillar Inc. has a 12-month low of $252.42 and a 12-month high of $418.50. The stock has a market capitalization of $196.26 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 2.01 and a beta of 1.10. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share 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 business had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. During the same quarter in the prior year, the firm posted $5.52 EPS. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. Equities research analysts predict that Caterpillar Inc. will post 21.67 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors 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 dividend on an annualized basis and a dividend yield of 1.39%. Caterpillar’s payout ratio is 26.15%.

Insider Buying and Selling

In related news, Director Gerald Johnson acquired 100 shares of the company’s stock in a transaction dated 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 directly owns 2,842 shares of the company’s stock, valued at $962,272.78. This represents a 3.65 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO William E. Schaupp sold 968 shares of Caterpillar stock in a transaction dated 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 of the company’s stock, valued at approximately $642,332.28. This represents a 36.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,589 shares of company stock valued at $7,113,953 over the last quarter. 0.29% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Citigroup decreased their price objective on shares of Caterpillar from $445.00 to $435.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th. UBS Group increased their price objective on shares of Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a report on Monday, November 4th. Evercore ISI lowered Caterpillar from an “in-line” rating to an “underperform” rating and increased their target price for the company from $321.00 to $365.00 in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Caterpillar from $435.00 to $500.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $365.33.

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.