640 Shares in Caterpillar Inc. (NYSE:CAT) Purchased by Morton Capital Management LLC CA

Morton Capital Management LLC CA purchased a new stake in Caterpillar Inc. (NYSE:CAT) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 640 shares of the industrial products company’s stock, valued at approximately $250,000.

Several other hedge funds have also bought and sold shares of CAT. Visionary Wealth Advisors boosted its stake in shares of Caterpillar by 3.2% during the 4th quarter. Visionary Wealth Advisors now owns 3,295 shares of the industrial products company’s stock worth $974,000 after acquiring an additional 101 shares in the last quarter. BOKF NA grew its holdings in Caterpillar by 1.0% in the fourth quarter. BOKF NA now owns 33,886 shares of the industrial products company’s stock valued at $10,019,000 after purchasing an additional 326 shares during the period. First Financial Bankshares Inc purchased a new stake in shares of Caterpillar in the fourth quarter valued at approximately $619,000. Creative Planning raised its stake in shares of Caterpillar by 8.1% during the 4th quarter. Creative Planning now owns 180,613 shares of the industrial products company’s stock worth $53,402,000 after buying an additional 13,482 shares during the period. Finally, Kestra Advisory Services LLC lifted its position in shares of Caterpillar by 5.1% during the 4th quarter. Kestra Advisory Services LLC now owns 134,766 shares of the industrial products company’s stock valued at $39,846,000 after buying an additional 6,514 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling

In other news, insider Anthony D. Fassino sold 3,185 shares of Caterpillar stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $351.36, for a total transaction of $1,119,081.60. Following the completion of the sale, the insider now directly owns 33,442 shares in the company, valued at approximately $11,750,181.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Anthony D. Fassino sold 3,185 shares of the stock in a transaction dated 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 sale, the insider now directly owns 33,442 shares of the company’s stock, valued at approximately $11,750,181.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cheryl H. Johnson sold 1,508 shares of Caterpillar stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $350.00, for a total transaction of $527,800.00. Following the transaction, the insider now owns 18,515 shares of the company’s stock, valued at approximately $6,480,250. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,668 shares of company stock valued at $2,665,760. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Trading Down 1.0 %

NYSE:CAT opened at $392.09 on Thursday. The firm has a market cap of $191.75 billion, a P/E ratio of 17.89, a PEG ratio of 1.73 and a beta of 1.10. The company has a current ratio of 1.28, a quick ratio of 0.78 and a debt-to-equity ratio of 1.39. Caterpillar Inc. has a 12-month low of $223.76 and a 12-month high of $401.17. The stock’s 50 day simple moving average is $353.51 and its 200-day simple moving average is $348.44.

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

Caterpillar declared that its Board of Directors has approved a stock repurchase program on Wednesday, June 12th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the industrial products company to buy up to 12.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, October 21st will be paid a $1.41 dividend. This represents a $5.64 annualized dividend and a dividend yield of 1.44%. Caterpillar’s dividend payout ratio (DPR) is 25.46%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CAT. UBS Group lifted their target price on shares of Caterpillar from $270.00 to $285.00 and gave the company a “sell” rating in a research report on Wednesday, August 7th. StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Raymond James started coverage on Caterpillar in a research note on Friday, June 28th. They issued a “market perform” rating on the stock. Evercore ISI reduced their price objective on Caterpillar from $338.00 to $321.00 and set an “in-line” rating for the company in a research note on Monday, August 19th. Finally, Citigroup lifted their target price on shares of Caterpillar from $380.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $347.56.

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.