Quotient Wealth Partners LLC Has $825,000 Stock Position in Caterpillar Inc. (NYSE:CAT)

Quotient Wealth Partners LLC lessened its stake in Caterpillar Inc. (NYSE:CAT) by 7.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,110 shares of the industrial products company’s stock after selling 170 shares during the period. Quotient Wealth Partners LLC’s holdings in Caterpillar were worth $825,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Modus Advisors LLC raised its holdings in Caterpillar by 7.1% during the 3rd quarter. Modus Advisors LLC now owns 12,057 shares of the industrial products company’s stock worth $4,716,000 after purchasing an additional 804 shares during the last quarter. Advocate Group LLC raised its position in shares of Caterpillar by 1.9% during the 3rd quarter. Advocate Group LLC now owns 17,920 shares of the industrial products company’s stock valued at $7,009,000 after acquiring an additional 327 shares during the last quarter. Morton Capital Management LLC CA bought a new position in shares of Caterpillar in the 3rd quarter worth $250,000. Mountain Pacific Investment Advisers LLC increased its holdings in Caterpillar by 16.1% in the third quarter. Mountain Pacific Investment Advisers LLC now owns 2,158 shares of the industrial products company’s stock valued at $844,000 after purchasing an additional 299 shares during the last quarter. Finally, BSN CAPITAL PARTNERS Ltd bought a new position in Caterpillar during the third quarter worth about $6,825,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Caterpillar from $315.00 to $335.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 7th. Bank of America boosted their price target on shares of Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a report on Monday, September 30th. StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Evercore ISI reduced their target price on Caterpillar from $338.00 to $321.00 and set an “in-line” rating on the stock in a report on Monday, August 19th. Finally, Citigroup raised their target price on shares of Caterpillar from $380.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Caterpillar currently has an average rating of “Hold” and an average target price of $347.56.

Insider Activity at Caterpillar

In related news, Director Gerald Johnson acquired 100 shares of the firm’s stock in a transaction on 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 acquisition, the director now directly owns 2,842 shares in the company, valued at approximately $962,272.78. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Gerald Johnson acquired 100 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was 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 approximately $962,272.78. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cheryl H. Johnson sold 2,975 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were 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 directly owns 15,615 shares in the company, valued at $5,347,825.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,668 shares of company stock worth $2,665,760. Company insiders own 0.33% of the company’s stock.

Caterpillar Stock Up 0.2 %

CAT traded up $0.60 during trading on Thursday, reaching $396.79. 551,126 shares of the stock were exchanged, compared to its average volume of 2,649,150. The stock has a market cap of $194.05 billion, a P/E ratio of 17.86, a price-to-earnings-growth ratio of 1.73 and a beta of 1.10. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.78 and a current ratio of 1.28. The stock’s 50 day moving average price is $354.51 and its two-hundred day moving average price is $348.77. Caterpillar Inc. has a twelve month low of $223.76 and a twelve month high of $401.17.

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

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, October 21st will be issued a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.42%. Caterpillar’s payout ratio is presently 25.46%.

Caterpillar announced that its board has authorized a share repurchase plan on Wednesday, June 12th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the industrial products company to repurchase up to 12.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

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.