FWG Holdings LLC Sells 205 Shares of Caterpillar Inc. (NYSE:CAT)

by · The Markets Daily

FWG Holdings LLC decreased its position in shares of Caterpillar Inc. (NYSE:CAT – Free Report) by 7.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,436 shares of the industrial products company’s stock after selling 205 shares during the quarter. FWG Holdings LLC’s holdings in Caterpillar were worth $952,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC grew its position in shares of Caterpillar by 17.2% during the 1st quarter. Acadian Asset Management LLC now owns 9,037 shares of the industrial products company’s stock worth $3,308,000 after buying an additional 1,327 shares during the period. Alpha Cubed Investments LLC grew its position in shares of Caterpillar by 5.6% during the 3rd quarter. Alpha Cubed Investments LLC now owns 116,566 shares of the industrial products company’s stock worth $45,591,000 after buying an additional 6,212 shares during the period. First Affirmative Financial Network acquired a new stake in shares of Caterpillar during the 3rd quarter worth approximately $204,000. Inspire Advisors LLC grew its position in shares of Caterpillar by 25.8% during the 3rd quarter. Inspire Advisors LLC now owns 8,266 shares of the industrial products company’s stock worth $3,233,000 after buying an additional 1,694 shares during the period. Finally, Jackson Square Capital LLC grew its position in shares of Caterpillar by 33.7% during the 3rd quarter. Jackson Square Capital LLC now owns 16,581 shares of the industrial products company’s stock worth $6,485,000 after buying an additional 4,182 shares during the period. Institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In other news, insider Anthony D. Fassino sold 3,185 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $351.36, for a total transaction of $1,119,081.60. Following the completion of the transaction, the insider now owns 33,442 shares of the company’s stock, valued at approximately $11,750,181.12. The trade was a 8.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel M. Dickinson sold 1,300 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $418.00, for a total value of $543,400.00. Following the transaction, the director now directly owns 4,976 shares of the company’s stock, valued at $2,079,968. The trade was a 20.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,749 shares of company stock valued at $9,251,912 in the last quarter. 0.29% of the stock is currently owned by corporate insiders.

Caterpillar Trading Up 0.1 %

NYSE CAT opened at $384.53 on Tuesday. Caterpillar Inc. has a one year low of $241.81 and a one year high of $418.50. The business’s fifty day moving average is $381.86 and its 200-day moving average is $354.37. The stock has a market capitalization of $185.65 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 1.90 and a beta of 1.10. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86.

Caterpillar (NYSE:CAT – Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (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 firm had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. During the same quarter in the prior year, the firm posted $5.52 earnings per share. The company’s revenue was down 4.2% on a year-over-year basis. Equities research analysts predict that Caterpillar Inc. will post 21.68 EPS for the current year.

Caterpillar Announces Dividend

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

Wall Street Analysts Forecast Growth

CAT has been the subject of several recent analyst reports. Bank of America raised their price objective on shares of Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Evercore ISI downgraded shares of Caterpillar from an “in-line” rating to an “underperform” rating and lifted their price target for the company from $321.00 to $365.00 in a research report on Wednesday, November 13th. JPMorgan Chase & Co. lifted 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. Morgan Stanley downgraded shares of Caterpillar from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $349.00 to $332.00 in a research report on Monday, October 14th. Finally, Robert W. Baird lifted their price target on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research report on Thursday, October 31st. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $365.33.

View Our Latest Stock Analysis on CAT

Caterpillar Company Profile

(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.

Featured Articles

Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT – Free Report).