Waters Parkerson & CO. LLC Boosts Position in Caterpillar, Inc. (CAT)

Waters Parkerson & CO. LLC increased its holdings in shares of Caterpillar, Inc. (NYSE:CAT) by 24.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,025 shares of the industrial products company’s stock after acquiring an additional 600 shares during the period. Waters Parkerson & CO. LLC’s holdings in Caterpillar were worth $377,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Quadrant Capital Group LLC raised its holdings in Caterpillar by 10.6% in the second quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock worth $102,000 after buying an additional 128 shares during the last quarter. Baker Ellis Asset Management LLC purchased a new position in Caterpillar in the second quarter worth about $104,000. Motco raised its holdings in Caterpillar by 264.9% in the second quarter. Motco now owns 989 shares of the industrial products company’s stock worth $106,000 after buying an additional 718 shares during the last quarter. Harbour Capital Advisors LLC purchased a new position in Caterpillar in the first quarter worth about $107,000. Finally, Acrospire Investment Management LLC raised its holdings in Caterpillar by 900.0% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock worth $107,000 after buying an additional 900 shares during the last quarter. 68.53% of the stock is currently owned by institutional investors and hedge funds.

Shares of Caterpillar, Inc. (CAT) opened at $150.91 on Wednesday. Caterpillar, Inc. has a twelve month low of $90.34 and a twelve month high of $151.09. The company has a market cap of $89,103.22, a P/E ratio of 26.99, a price-to-earnings-growth ratio of 2.25 and a beta of 1.29. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 1.58.

Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.68. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The business had revenue of $11.41 billion during the quarter, compared to analysts’ expectations of $10.69 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The firm’s revenue was up 24.6% on a year-over-year basis. equities research analysts predict that Caterpillar, Inc. will post 6.44 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be given a $0.78 dividend. The ex-dividend date of this dividend is Friday, January 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.07%. Caterpillar’s payout ratio is currently 216.67%.

In other Caterpillar news, insider Thomas A. Pellette sold 24,547 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $135.69, for a total value of $3,330,782.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bradley M. Halverson sold 2,600 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $137.67, for a total transaction of $357,942.00. Following the completion of the transaction, the insider now owns 5,214 shares of the company’s stock, valued at $717,811.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,989 shares of company stock valued at $7,235,850. Company insiders own 0.14% of the company’s stock.

Several research analysts have issued reports on CAT shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $130.00 target price on shares of Caterpillar in a report on Friday, September 8th. Vetr cut shares of Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 price objective for the company. in a report on Monday, September 11th. Jefferies Group reissued a “hold” rating and set a $100.00 price objective on shares of Caterpillar in a report on Tuesday, August 29th. Credit Suisse Group reissued a “hold” rating and set a $133.00 price objective on shares of Caterpillar in a report on Friday, September 22nd. Finally, Goldman Sachs Group boosted their price objective on shares of Caterpillar from $143.00 to $158.00 and gave the company a “buy” rating in a report on Monday, October 9th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $139.14.

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About Caterpillar

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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