Caterpillar Inc. (NYSE:CAT) Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board increased its position in Caterpillar Inc. (NYSE:CAT) by 17.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,548 shares of the industrial products company’s stock after buying an additional 3,100 shares during the period. Public Sector Pension Investment Board’s holdings in Caterpillar were worth $8,037,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Bbjs Financial Advisors LLC purchased a new position in shares of Caterpillar during the 2nd quarter worth $28,000. Financial Connections Group Inc. acquired a new stake in Caterpillar in the 2nd quarter worth about $28,000. Fairscale Capital LLC purchased a new stake in Caterpillar in the 2nd quarter valued at about $36,000. Capital Performance Advisors LLP acquired a new position in shares of Caterpillar during the 3rd quarter valued at about $36,000. Finally, POM Investment Strategies LLC boosted its position in shares of Caterpillar by 2,160.0% in the second quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Activity

In other news, Director Gerald Johnson acquired 100 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were purchased at an average price 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 of the company’s stock, valued at $962,272.78. This represents a 3.65 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,589 shares of company stock worth $7,113,953. 0.29% of the stock is currently owned by corporate insiders.

Caterpillar Stock Up 0.6 %

Shares of Caterpillar stock opened at $406.11 on Friday. Caterpillar Inc. has a 1-year low of $247.84 and a 1-year high of $418.50. The company has a market capitalization of $196.07 billion, a PE ratio of 18.83, a P/E/G ratio of 1.99 and a beta of 1.10. 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 business has a 50-day moving average of $391.37 and a 200-day moving average of $357.75.

Caterpillar (NYSE:CAT) last posted 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 business had revenue of $16.11 billion for the quarter, compared to analysts’ expectations of $16.37 billion. During the same quarter in the prior year, the firm earned $5.52 earnings per share. Caterpillar’s revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, equities analysts forecast that Caterpillar Inc. will post 21.67 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st were given a $1.41 dividend. This represents a $5.64 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Monday, October 21st. Caterpillar’s payout ratio is currently 26.15%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Citigroup dropped their price target on shares of Caterpillar from $445.00 to $435.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. UBS Group lifted their target price on Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a report on Monday, November 4th. Morgan Stanley lowered Caterpillar from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $349.00 to $332.00 in a research note on Monday, October 14th. Barclays lifted their price objective on Caterpillar from $315.00 to $335.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. Finally, Robert W. Baird raised their price target on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a report on Thursday, October 31st. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $365.33.

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.