11,994 Shares in Caterpillar Inc. (CAT) Purchased by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. purchased a new stake in Caterpillar Inc. (NYSE:CAT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,994 shares of the industrial products company’s stock, valued at approximately $1,829,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CAT. Fisher Asset Management LLC boosted its position in Caterpillar by 11.1% during the 2nd quarter. Fisher Asset Management LLC now owns 7,501 shares of the industrial products company’s stock worth $1,018,000 after acquiring an additional 752 shares during the last quarter. Xact Kapitalforvaltning AB boosted its position in Caterpillar by 2.2% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 62,254 shares of the industrial products company’s stock worth $8,446,000 after acquiring an additional 1,367 shares during the last quarter. First Citizens Bank & Trust Co. boosted its position in Caterpillar by 68.8% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 4,380 shares of the industrial products company’s stock worth $594,000 after acquiring an additional 1,785 shares during the last quarter. NN Investment Partners Holdings N.V. boosted its position in Caterpillar by 5.6% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 122,974 shares of the industrial products company’s stock worth $16,683,000 after acquiring an additional 6,503 shares during the last quarter. Finally, FormulaFolio Investments LLC acquired a new position in Caterpillar during the 2nd quarter worth approximately $887,000. 66.56% of the stock is owned by institutional investors and hedge funds.

Shares of Caterpillar stock opened at $126.91 on Friday. Caterpillar Inc. has a 1 year low of $112.06 and a 1 year high of $173.24. The firm has a market cap of $77.53 billion, a price-to-earnings ratio of 12.15, a price-to-earnings-growth ratio of 0.72 and a beta of 1.58. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.48 and a quick ratio of 1.02.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Monday, October 22nd will be given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 2.71%. The ex-dividend date is Friday, October 19th. Caterpillar’s payout ratio is 50.00%.

A number of equities analysts have weighed in on CAT shares. Stifel Nicolaus reduced their price target on Caterpillar from $174.00 to $168.00 and set a “hold” rating for the company in a research report on Tuesday, August 7th. Credit Suisse Group reduced their price target on Caterpillar from $210.00 to $183.00 and set an “outperform” rating for the company in a research report on Wednesday, October 24th. UBS Group set a $185.00 price objective on Caterpillar and gave the company a “buy” rating in a report on Wednesday, September 5th. Wells Fargo & Co set a $145.00 price objective on Caterpillar and gave the company a “buy” rating in a report on Wednesday, October 24th. Finally, Robert W. Baird set a $171.00 price objective on Caterpillar and gave the company a “buy” rating in a report on Wednesday, October 24th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. Caterpillar presently has a consensus rating of “Buy” and a consensus target price of $158.55.

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

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Caterpillar Profile

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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