Lingohr Asset Management GmbH Purchases 37 Shares of Caterpillar Inc. (NYSE:CAT)

by · The Markets Daily

Lingohr Asset Management GmbH raised its position in shares of Caterpillar Inc. (NYSE:CAT – Free Report) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,160 shares of the industrial products company’s stock after acquiring an additional 37 shares during the quarter. Caterpillar comprises 2.0% of Lingohr Asset Management GmbH’s investment portfolio, making the stock its 16th biggest holding. Lingohr Asset Management GmbH’s holdings in Caterpillar were worth $842,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CAT. Bbjs Financial Advisors LLC bought a new position in shares of Caterpillar during the 2nd quarter worth approximately $28,000. Financial Connections Group Inc. bought a new stake in shares of Caterpillar in the 2nd quarter valued at $28,000. Fairscale Capital LLC acquired a new position in shares of Caterpillar during the 2nd quarter valued at $36,000. Capital Performance Advisors LLP bought a new position in Caterpillar during the third quarter worth $36,000. Finally, POM Investment Strategies LLC grew its holdings in Caterpillar by 2,160.0% in the second quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 108 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Caterpillar

In related news, insider Lange Bob De sold 12,657 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $410.25, for a total value of $5,192,534.25. Following the transaction, the insider now directly owns 71,107 shares of the company’s stock, valued at approximately $29,171,646.75. This represents a 15.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Cheryl H. Johnson sold 2,975 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $342.48, for a total transaction of $1,018,878.00. Following the sale, the insider now directly owns 15,615 shares in the company, valued at approximately $5,347,825.20. The trade was a 16.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,749 shares of company stock valued at $9,251,912 in the last three months. Company insiders own 0.29% of the company’s stock.

Caterpillar Trading Up 0.1 %

Shares of CAT stock opened at $384.53 on Tuesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. The business has a 50-day moving average of $381.86 and a 200 day moving average of $354.37. The stock has a market capitalization of $185.65 billion, a PE ratio of 17.83, a P/E/G ratio of 1.90 and a beta of 1.10. Caterpillar Inc. has a 1-year low of $241.81 and a 1-year high of $418.50.

Caterpillar (NYSE:CAT – Get Free Report) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The business had revenue of $16.11 billion for the quarter, compared to the consensus estimate of $16.37 billion. During the same quarter in the prior year, the company earned $5.52 EPS. Caterpillar’s revenue was down 4.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Caterpillar Inc. will post 21.68 earnings per share for the current year.

Caterpillar Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, October 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.47%. Caterpillar’s payout ratio is 26.15%.

Wall Street Analysts Forecast Growth

CAT has been the topic of a number of research reports. Evercore ISI downgraded Caterpillar from an “in-line” rating to an “underperform” rating and upped their price target for the stock from $321.00 to $365.00 in a research note on Wednesday, November 13th. UBS Group raised their price objective on shares of Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a research note on Monday, November 4th. StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. raised their price target on shares of Caterpillar from $435.00 to $500.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Finally, Citigroup cut their price target on Caterpillar from $445.00 to $435.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $365.33.

View Our Latest Stock Report on Caterpillar

About Caterpillar

(Free Report)

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.

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