Rogco LP Sells 184 Shares of Caterpillar Inc. (NYSE:CAT)

Rogco LP lessened its holdings in Caterpillar Inc. (NYSE:CAT) by 5.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,057 shares of the industrial products company’s stock after selling 184 shares during the period. Rogco LP’s holdings in Caterpillar were worth $1,196,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC raised its holdings in shares of Caterpillar by 1,041.4% during the first quarter. Atlas Capital Advisors LLC now owns 331 shares of the industrial products company’s stock worth $121,000 after purchasing an additional 302 shares during the last quarter. Brookstone Capital Management lifted its position in Caterpillar by 3.2% in the first quarter. Brookstone Capital Management now owns 31,859 shares of the industrial products company’s stock valued at $11,674,000 after buying an additional 996 shares during the last quarter. GoalVest Advisory LLC grew its stake in shares of Caterpillar by 18.4% in the first quarter. GoalVest Advisory LLC now owns 296 shares of the industrial products company’s stock valued at $108,000 after buying an additional 46 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in Caterpillar during the first quarter worth about $249,000. Finally, Wealthcare Advisory Partners LLC boosted its position in Caterpillar by 23.4% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 12,856 shares of the industrial products company’s stock valued at $4,711,000 after buying an additional 2,440 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Trading Down 0.5 %

CAT stock traded down $2.07 during midday trading on Thursday, reaching $383.66. The stock had a trading volume of 449,347 shares, compared to its average volume of 2,620,738. Caterpillar Inc. has a twelve month low of $223.76 and a twelve month high of $403.60. The firm has a market cap of $187.63 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 1.85 and a beta of 1.10. The company has a quick ratio of 0.78, a current ratio of 1.28 and a debt-to-equity ratio of 1.39. The business has a fifty day simple moving average of $366.90 and a two-hundred day simple moving average of $350.61.

Caterpillar (NYSE:CAT) last posted its earnings results on Tuesday, August 6th. The industrial products company reported $5.99 earnings per share for the quarter, topping the consensus estimate of $5.53 by $0.46. Caterpillar had a return on equity of 59.88% and a net margin of 16.58%. The firm had revenue of $16.69 billion for the quarter, compared to analyst estimates of $16.91 billion. During the same period in the previous year, the company posted $5.55 earnings per share. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. As a group, research analysts expect that Caterpillar Inc. will post 21.91 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders 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 yield of 1.47%. The ex-dividend date is Monday, October 21st. Caterpillar’s dividend payout ratio is currently 25.46%.

Insider Buying and Selling

In other Caterpillar news, insider Cheryl H. Johnson sold 2,975 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $342.48, for a total value of $1,018,878.00. Following the completion of the transaction, the insider now owns 15,615 shares of the company’s stock, valued at $5,347,825.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Caterpillar news, insider Cheryl H. Johnson sold 2,975 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $342.48, for a total transaction of $1,018,878.00. Following the transaction, the insider now directly owns 15,615 shares in the company, valued at approximately $5,347,825.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gerald Johnson bought 100 shares of the stock in a transaction dated Wednesday, September 4th. The shares were purchased at an average cost of $338.59 per share, for a total transaction of $33,859.00. Following the completion of the transaction, the director now directly owns 2,842 shares of the company’s stock, valued at $962,272.78. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.33% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Citigroup raised their price objective on shares of Caterpillar from $380.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Evercore ISI lowered their price objective on shares of Caterpillar from $338.00 to $321.00 and set an “in-line” rating on the stock in a research report on Monday, August 19th. StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, September 24th. Bank of America upped their target price 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. Finally, Raymond James initiated coverage on shares of Caterpillar in a research note on Friday, June 28th. They issued a “market perform” rating on the stock. 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, the stock has a consensus rating of “Hold” and a consensus target price of $355.50.

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.