RPG Investment Advisory LLC Increases Holdings in Caterpillar Inc. (CAT)

RPG Investment Advisory LLC boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 19.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,415 shares of the industrial products company’s stock after acquiring an additional 8,286 shares during the period. Caterpillar comprises 1.6% of RPG Investment Advisory LLC’s portfolio, making the stock its 14th largest holding. RPG Investment Advisory LLC’s holdings in Caterpillar were worth $7,840,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CAT. Acropolis Investment Management LLC acquired a new position in shares of Caterpillar in the third quarter valued at approximately $100,000. Sound Income Strategies LLC raised its position in shares of Caterpillar by 181.8% in the third quarter. Sound Income Strategies LLC now owns 665 shares of the industrial products company’s stock valued at $101,000 after buying an additional 429 shares during the last quarter. St. Johns Investment Management Company LLC acquired a new position in shares of Caterpillar in the third quarter valued at approximately $106,000. Avestar Capital LLC raised its position in shares of Caterpillar by 92.3% in the second quarter. Avestar Capital LLC now owns 994 shares of the industrial products company’s stock valued at $109,000 after buying an additional 477 shares during the last quarter. Finally, Landaas & Co. WI ADV acquired a new position in shares of Caterpillar in the second quarter valued at approximately $130,000. Institutional investors own 66.56% of the company’s stock.

CAT opened at $135.10 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.48 and a debt-to-equity ratio of 1.60. Caterpillar Inc. has a 52-week low of $112.06 and a 52-week high of $173.24. The company has a market cap of $76.32 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 0.71 and a beta of 1.58.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, October 23rd. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.03. Caterpillar had a net margin of 7.13% and a return on equity of 44.13%. The company had revenue of $13.51 billion during the quarter, compared to the consensus estimate of $13.28 billion. During the same period in the previous year, the firm earned $1.95 earnings per share. Caterpillar’s revenue for the quarter was up 18.4% on a year-over-year basis. On average, research analysts predict that Caterpillar Inc. will post 11.64 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Monday, October 22nd will be paid a dividend of $0.86 per share. The ex-dividend date is Friday, October 19th. This represents a $3.44 annualized dividend and a yield of 2.55%. Caterpillar’s dividend payout ratio is currently 50.00%.

In other Caterpillar news, insider Denise C. Johnson sold 35,051 shares of the business’s stock in a transaction that occurred on Tuesday, October 2nd. The shares were sold at an average price of $154.18, for a total transaction of $5,404,163.18. Following the completion of the sale, the insider now directly owns 22,826 shares in the company, valued at $3,519,312.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Lange Bob De acquired 1,080 shares of the firm’s stock in a transaction on Friday, October 26th. The shares were acquired at an average price of $115.58 per share, with a total value of $124,826.40. Following the completion of the purchase, the insider now owns 11,310 shares of the company’s stock, valued at $1,307,209.80. The disclosure for this purchase can be found here. 0.36% of the stock is owned by insiders.

CAT has been the subject of a number of analyst reports. Robert W. Baird raised shares of Caterpillar from a “neutral” rating to an “outperform” rating and set a $158.00 price objective for the company in a research report on Thursday, September 20th. Citigroup raised shares of Caterpillar to an “outperform” rating in a research report on Friday, September 21st. OTR Global lowered shares of Caterpillar to a “positive” rating in a research report on Friday, September 21st. Macquarie reaffirmed a “sell” rating on shares of Caterpillar in a research report on Thursday, October 11th. Finally, UBS Group set a $185.00 price target on shares of Caterpillar and gave the stock a “buy” rating in a research report on Wednesday, September 5th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $158.55.

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About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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