Caterpillar Inc. (CAT) Position Increased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 9.4% in the third quarter, Holdings Channel reports. The firm owned 66,815 shares of the industrial products company’s stock after buying an additional 5,764 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Caterpillar were worth $10,189,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Cornerstone Wealth Management LLC grew its position in Caterpillar by 13,856.0% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 1,253,525 shares of the industrial products company’s stock valued at $9,194,000 after acquiring an additional 1,244,543 shares in the last quarter. Advisors Asset Management Inc. grew its position in Caterpillar by 870.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,129,502 shares of the industrial products company’s stock valued at $7,679,000 after acquiring an additional 1,013,117 shares in the last quarter. Alps Advisors Inc. acquired a new position in Caterpillar in the 2nd quarter valued at about $68,531,000. Janus Henderson Group PLC grew its position in Caterpillar by 23.6% in the 2nd quarter. Janus Henderson Group PLC now owns 1,957,489 shares of the industrial products company’s stock valued at $265,581,000 after acquiring an additional 374,038 shares in the last quarter. Finally, OppenheimerFunds Inc. grew its position in Caterpillar by 195.0% in the 2nd quarter. OppenheimerFunds Inc. now owns 509,276 shares of the industrial products company’s stock valued at $69,093,000 after acquiring an additional 336,623 shares in the last quarter. 66.56% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on the company. ValuEngine raised Caterpillar from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 1st. Stifel Nicolaus dropped their target price on Caterpillar from $168.00 to $142.00 and set a “hold” rating for the company in a research report on Monday, October 29th. Daiwa Capital Markets set a $120.00 target price on Caterpillar and gave the company a “hold” rating in a research report on Thursday, October 25th. DZ Bank raised Caterpillar to a “hold” rating and dropped their target price for the company from $127.00 to $119.00 in a research report on Wednesday, October 24th. Finally, UBS Group raised Caterpillar from a “sell” rating to a “hold” rating in a research report on Thursday, October 25th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $158.55.

In related news, insider Denise C. Johnson sold 35,051 shares of the business’s stock in a transaction that occurred on Tuesday, October 2nd. The stock was 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 owns 22,826 shares in the company, valued at $3,519,312.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Lange Bob De bought 1,080 shares of the firm’s stock in a transaction that occurred 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 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. Company insiders own 0.36% of the company’s stock.

Shares of CAT opened at $126.41 on Tuesday. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.48 and a quick ratio of 1.02. The stock has a market capitalization of $74.23 billion, a PE ratio of 18.37, a P/E/G ratio of 0.69 and a beta of 1.58. Caterpillar Inc. has a 1 year low of $112.06 and a 1 year high of $173.24.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, October 23rd. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.03. The business had revenue of $13.51 billion during 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 business’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.95 EPS. As a group, sell-side analysts expect that Caterpillar Inc. will post 11.64 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Monday, October 22nd will be paid a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Friday, October 19th. Caterpillar’s payout ratio is presently 50.00%.

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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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