MASTERINVEST Kapitalanlage GmbH Invests $5.08 Million in Caterpillar Inc. $CAT

Key Points

• MASTERINVEST Kapitalanlage GmbH purchased 4,772 Caterpillar shares worth approximately $5.08 million in the second quarter. Institutional investors collectively own 70.98% of CAT.
• Caterpillar reported strong quarterly results, with EPS of $8.17 versus the $6.22 analyst consensus and revenue of $20.54 billion, up 23.7% year over year.
• The company raised its quarterly dividend to $1.63 per share, while analysts maintain a “Moderate Buy” consensus rating and an average price target of $995.52.

MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,772 shares of the industrial products company's stock, valued at approximately $5,082,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacific Point Advisors LLC bought a new stake in shares of Caterpillar during the 4th quarter valued at $579,000. Brighton Jones LLC boosted its position in shares of Caterpillar by 51.5% in the 4th quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company's stock worth $2,688,000 after purchasing an additional 2,519 shares during the last quarter. United Bank grew its stake in shares of Caterpillar by 108.5% during the second quarter. United Bank now owns 4,083 shares of the industrial products company's stock worth $1,585,000 after purchasing an additional 2,125 shares during the period. Schnieders Capital Management LLC. grew its stake in shares of Caterpillar by 3.9% during the second quarter. Schnieders Capital Management LLC. now owns 9,147 shares of the industrial products company's stock worth $3,551,000 after purchasing an additional 347 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in Caterpillar by 6.5% in the second quarter. Alliancebernstein L.P. now owns 572,165 shares of the industrial products company's stock valued at $222,120,000 after purchasing an additional 34,846 shares during the last quarter. 70.98% of the stock is owned by institutional investors.

Insider Activity

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the sale, the chief executive officer directly owned 34,555 shares in the company, valued at $27,954,303.90. This represents a 48.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.33% of the company's stock.

Caterpillar Trading Down 0.1%

Shares of Caterpillar stock opened at $813.51 on Tuesday. The stock has a market cap of $373.95 billion, a P/E ratio of 35.00, a P/E/G ratio of 1.41 and a beta of 1.60. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65. The business's 50 day moving average is $868.12 and its 200-day moving average is $839.26. Caterpillar Inc. has a 12-month low of $416.44 and a 12-month high of $1,073.46.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The company had revenue of $20.54 billion during the quarter, compared to analysts' expectations of $19.34 billion. During the same period last year, the firm posted $4.72 earnings per share. The business's revenue was up 23.7% on a year-over-year basis. Equities research analysts predict that Caterpillar Inc. will post 27.34 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Monday, July 20th were given a dividend of $1.63 per share. This is an increase from Caterpillar's previous quarterly dividend of $1.51. This represents a $6.52 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, July 20th. Caterpillar's dividend payout ratio (DPR) is currently 28.06%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CAT. DA Davidson raised their target price on Caterpillar from $845.00 to $882.00 and gave the stock a "neutral" rating in a report on Thursday, August 6th. Barclays upped their price target on Caterpillar from $800.00 to $900.00 and gave the company an "equal weight" rating in a research note on Thursday, August 6th. Citigroup increased their price target on shares of Caterpillar from $1,020.00 to $1,100.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. Erste Group Bank cut shares of Caterpillar from a "buy" rating to a "hold" rating in a report on Monday, July 27th. Finally, Wells Fargo & Company upped their target price on shares of Caterpillar from $1,050.00 to $1,155.00 and gave the company an "overweight" rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $995.52.

Caterpillar Company Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company's product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.

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