Caliber Wealth Management LLC KS Makes New $307,000 Investment in Caterpillar Inc. $CAT

Key Points

• Caliber Wealth Management LLC KS has made a new investment in Caterpillar Inc. valued at approximately $307,000, acquiring 791 shares during the 2nd quarter.
• Caterpillar recently announced a quarterly dividend of $1.51 per share, with an annualized yield of 1.2%, set to be paid on November 20th.
• The stock has shown strong price performance, with a one-year range between $267.30 and $544.99, and analysts have issued various upgrades, raising price targets significantly.

Caliber Wealth Management LLC KS acquired a new position in Caterpillar Inc. (NYSE:CAT - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 791 shares of the industrial products company's stock, valued at approximately $307,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Aire Advisors LLC raised its position in Caterpillar by 0.3% in the second quarter. Aire Advisors LLC now owns 9,042 shares of the industrial products company's stock worth $3,510,000 after acquiring an additional 25 shares during the period. Dumont & Blake Investment Advisors LLC raised its position in Caterpillar by 0.5% in the second quarter. Dumont & Blake Investment Advisors LLC now owns 4,954 shares of the industrial products company's stock worth $1,923,000 after acquiring an additional 25 shares during the period. GSB Wealth Management LLC raised its position in shares of Caterpillar by 1.2% in the second quarter. GSB Wealth Management LLC now owns 2,143 shares of the industrial products company's stock valued at $832,000 after purchasing an additional 26 shares during the period. Verum Partners LLC raised its position in shares of Caterpillar by 2.5% in the second quarter. Verum Partners LLC now owns 1,059 shares of the industrial products company's stock valued at $411,000 after purchasing an additional 26 shares during the period. Finally, Vanguard Capital Wealth Advisors raised its position in shares of Caterpillar by 0.8% in the second quarter. Vanguard Capital Wealth Advisors now owns 3,575 shares of the industrial products company's stock valued at $1,388,000 after purchasing an additional 27 shares during the period. Institutional investors own 70.98% of the company's stock.

Caterpillar Price Performance

CAT stock opened at $513.70 on Thursday. Caterpillar Inc. has a one year low of $267.30 and a one year high of $544.99. The stock has a market cap of $240.66 billion, a PE ratio of 26.13, a P/E/G ratio of 2.99 and a beta of 1.46. The firm has a 50 day simple moving average of $460.10 and a two-hundred day simple moving average of $394.97. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81.

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 (EPS) for the quarter, missing analysts' consensus estimates of $4.88 by ($0.16). Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The business had revenue of $16.57 billion during the quarter, compared to analysts' expectations of $16.14 billion. During the same period last year, the company posted $5.99 EPS. Caterpillar's revenue for the quarter was down .7% on a year-over-year basis. On average, analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Monday, October 20th will be issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, October 20th. Caterpillar's dividend payout ratio is currently 30.72%.

Insider Activity at Caterpillar

In related news, insider Jason Kaiser sold 2,161 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $417.70, for a total transaction of $902,649.70. Following the completion of the sale, the insider directly owned 8,632 shares in the company, valued at $3,605,586.40. This represents a 20.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Donald J. Umpleby III sold 17,166 shares of the company's stock in a transaction on Friday, October 10th. The shares were sold at an average price of $505.29, for a total transaction of $8,673,808.14. Following the sale, the chairman owned 448,173 shares of the company's stock, valued at $226,457,335.17. This represents a 3.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,985 shares of company stock worth $25,559,300 in the last three months. 0.33% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on CAT shares. Robert W. Baird boosted their price target on shares of Caterpillar from $540.00 to $612.00 in a research report on Monday. Citigroup boosted their price target on shares of Caterpillar from $540.00 to $570.00 and gave the company a "buy" rating in a research report on Tuesday, October 7th. Evercore ISI raised shares of Caterpillar from an "in-line" rating to an "outperform" rating and set a $476.00 price objective for the company in a research note on Tuesday, August 19th. Melius raised shares of Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 price objective for the company in a research note on Wednesday, July 9th. Finally, Barclays boosted their price objective on shares of Caterpillar from $425.00 to $485.00 and gave the company an "equal weight" rating in a research note on Friday, October 17th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $518.19.

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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