Caterpillar Inc. $CAT Shares Purchased by Union Bancaire Privee UBP SA

Key Points

• Union Bancaire Privee UBP SA boosted its stake in Caterpillar by 155.9% in Q3 to 47,231 shares, valued at about $21.01 million.
• Caterpillar beat Q3 estimates with $4.95 EPS vs. $4.52 and $17.64 billion in revenue (up 9.5% year‑over‑year), and analysts maintain a consensus Moderate Buy rating with an average target of $612.16.
• Company insiders sold a total of 79,061 shares (~$41.95 million) in the last quarter, leaving insiders with roughly 0.33% ownership.

Union Bancaire Privee UBP SA boosted its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 155.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,231 shares of the industrial products company's stock after acquiring an additional 28,773 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Caterpillar were worth $21,014,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Kilter Group LLC purchased a new position in Caterpillar in the 2nd quarter valued at $27,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Caterpillar in the 2nd quarter worth $28,000. Compass Financial Services Inc boosted its holdings 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 acquiring an additional 31 shares in the last quarter. Family Legacy Financial Solutions LLC acquired a new position in shares of Caterpillar during the second quarter worth about $32,000. Finally, RiverPark Advisors LLC acquired a new position in shares of Caterpillar during the second quarter worth about $32,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on CAT. Morgan Stanley lifted their price objective on Caterpillar from $380.00 to $395.00 and gave the company an "underweight" rating in a report on Wednesday, December 10th. JPMorgan Chase & Co. raised their price target on Caterpillar from $650.00 to $730.00 and gave the company an "overweight" rating in a report on Thursday, October 30th. Erste Group Bank upgraded Caterpillar from a "hold" rating to a "buy" rating in a research note on Friday, October 3rd. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Caterpillar in a report on Wednesday, November 5th. Finally, Wells Fargo & Company initiated coverage on Caterpillar in a report on Thursday, November 13th. They issued an "overweight" rating and a $675.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $612.16.

Insider Activity at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 8,184 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $570.18, for a total transaction of $4,666,353.12. Following the sale, the insider owned 41,512 shares in the company, valued at approximately $23,669,312.16. This represents a 16.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lange Bob De sold 14,638 shares of the business's stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $562.36, for a total value of $8,231,825.68. Following the completion of the transaction, the insider directly owned 80,209 shares of the company's stock, valued at approximately $45,106,333.24. This trade represents a 15.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 79,061 shares of company stock valued at $41,949,366 in the last quarter. 0.33% of the stock is owned by corporate insiders.

Caterpillar Stock Performance

Shares of CAT stock opened at $589.31 on Wednesday. The stock has a fifty day moving average price of $558.57 and a 200 day moving average price of $465.74. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.86 and a current ratio of 1.38. The stock has a market cap of $275.79 billion, a PE ratio of 30.25, a P/E/G ratio of 2.78 and a beta of 1.57. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $627.50.

Caterpillar (NYSE:CAT - Get Free Report) last posted its earnings results on Wednesday, October 29th. The industrial products company reported $4.95 earnings per share for the quarter, beating the consensus estimate of $4.52 by $0.43. The company had revenue of $17.64 billion for the quarter, compared to analyst estimates of $16.72 billion. Caterpillar had a return on equity of 47.16% and a net margin of 14.34%.Caterpillar's revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.17 earnings per share. Sell-side analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Tuesday, January 20th will be issued a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, January 20th. Caterpillar's dividend payout ratio (DPR) is 31.01%.

Caterpillar Profile

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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