Arista Wealth Management LLC Purchases Shares of 851 Caterpillar Inc. $CAT

Key Points

• Arista Wealth Management LLC acquired 851 shares of Caterpillar Inc., valued at approximately $330,000, as disclosed in its recent 13F filing.
• Insider transactions revealed that Jason Kaiser and Director Susan C. Schwab sold significant portions of their shares, indicating a 20.02% and 25.15% decrease in their positions, respectively.
• Caterpillar announced a quarterly dividend of $1.51 per share, with an ex-dividend date on October 20th, representing an annualized yield of 1.1%.

Arista Wealth Management LLC purchased a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 851 shares of the industrial products company's stock, valued at approximately $330,000.

A number of other hedge funds also recently made changes to their positions in CAT. Compass Financial Services Inc lifted its position in shares of Caterpillar by 49.2% in the first quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company's stock valued at $31,000 after buying an additional 31 shares during the last quarter. Family Legacy Financial Solutions LLC acquired a new stake in shares of Caterpillar in the second quarter valued at approximately $32,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Caterpillar in the first quarter valued at approximately $33,000. Harbor Asset Planning Inc. acquired a new stake in shares of Caterpillar in the second quarter valued at approximately $34,000. Finally, Total Wealth Planning & Management Inc. acquired a new stake in shares of Caterpillar in the second quarter valued at approximately $38,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Caterpillar

In other news, insider Jason Kaiser sold 2,161 shares of Caterpillar stock in a transaction on Monday, August 11th. The stock was sold at an average price of $417.70, for a total value of $902,649.70. Following the transaction, the insider owned 8,632 shares in the company, valued at approximately $3,605,586.40. This trade represents a 20.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan C. Schwab sold 2,324 shares of Caterpillar stock in a transaction on Friday, August 15th. The shares were sold at an average price of $410.00, for a total value of $952,840.00. Following the completion of the transaction, the director owned 6,917 shares in the company, valued at approximately $2,835,970. The trade was a 25.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,985 shares of company stock valued at $25,559,300 in the last three months. Corporate insiders own 0.33% of the company's stock.

Caterpillar Price Performance

Shares of NYSE CAT opened at $527.41 on Friday. The stock has a market capitalization of $247.08 billion, a PE ratio of 26.83, a P/E/G ratio of 3.09 and a beta of 1.46. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81. The business has a fifty day moving average price of $453.38 and a two-hundred day moving average price of $390.54. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $544.99.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing the consensus estimate of $4.88 by ($0.16). The company had revenue of $16.57 billion during the quarter, compared to analyst estimates of $16.14 billion. Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. Caterpillar's revenue was down .7% on a year-over-year basis. During the same period in the prior year, the firm earned $5.99 earnings per share. As a group, equities analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Monday, October 20th will be issued a $1.51 dividend. The ex-dividend date of this dividend is Monday, October 20th. This represents a $6.04 annualized dividend and a yield of 1.1%. Caterpillar's payout ratio is currently 30.72%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Melius raised Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 price objective for the company in a research report on Wednesday, July 9th. Barclays raised their price objective on Caterpillar from $425.00 to $485.00 and gave the company an "equal weight" rating in a research report on Friday. UBS Group lifted their price target on Caterpillar from $450.00 to $506.00 and gave the stock a "neutral" rating in a report on Monday, October 13th. Sanford C. Bernstein lifted their price target on Caterpillar from $447.00 to $502.00 and gave the stock a "market perform" rating in a report on Tuesday. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Caterpillar in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $510.60.

About Caterpillar

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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