Total Wealth Planning & Management Inc. Purchases Shares of 10,200 Caterpillar Inc. $CAT

Key Points

• Total Wealth Planning & Management Inc. acquired 10,200 shares of Caterpillar Inc., valued at approximately $38,000, in the second quarter, as reported in a recent SEC filing.
• Brokerages have raised their target prices for Caterpillar, with Barclays increasing its target from $383 to $425 and Jefferies raising it from $500 to $570, reflecting confidence in the stock's performance.
• Caterpillar announced a quarterly dividend of $1.51 per share, with an annual yield of 1.2%, scheduled to be paid on November 20th to shareholders of record.

Total Wealth Planning & Management Inc. purchased a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,200 shares of the industrial products company's stock, valued at approximately $38,000.

A number of other institutional investors have also recently added to or reduced their stakes in CAT. Pacific Point Advisors LLC purchased a new stake in Caterpillar during the fourth quarter valued at about $579,000. Brighton Jones LLC boosted its position in shares of Caterpillar by 51.5% in the fourth quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company's stock worth $2,688,000 after buying an additional 2,519 shares during the period. GAMMA Investing LLC boosted its position in shares of Caterpillar by 32.0% in the first quarter. GAMMA Investing LLC now owns 11,311 shares of the industrial products company's stock worth $3,730,000 after buying an additional 2,745 shares during the period. Simon Quick Advisors LLC boosted its position in shares of Caterpillar by 5.1% in the first quarter. Simon Quick Advisors LLC now owns 2,232 shares of the industrial products company's stock worth $736,000 after buying an additional 109 shares during the period. Finally, Ballew Advisors Inc boosted its position in shares of Caterpillar by 11.6% in the first quarter. Ballew Advisors Inc now owns 878 shares of the industrial products company's stock worth $290,000 after buying an additional 91 shares during the period. Hedge funds and other institutional investors own 70.98% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CAT. Barclays upped their target price on Caterpillar from $383.00 to $425.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Jefferies Financial Group upped their target price on Caterpillar from $500.00 to $570.00 and gave the stock a "buy" rating in a research report on Wednesday. Melius Research raised Caterpillar from a "hold" rating to a "strong-buy" rating and set a $500.00 target price for the company in a research report on Wednesday, July 9th. Evercore ISI raised Caterpillar from an "in-line" rating to an "outperform" rating and set a $476.00 price target for the company in a report on Tuesday, August 19th. Finally, Citigroup increased their price target on Caterpillar from $540.00 to $570.00 and gave the company a "buy" rating in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $478.20.

Insiders Place Their Bets

In other Caterpillar news, Director Susan C. Schwab sold 2,324 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $410.00, for a total transaction of $952,840.00. Following the transaction, the director owned 6,917 shares of the company's stock, valued at $2,835,970. This trade represents a 25.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jason Kaiser sold 2,161 shares of the stock in a transaction that occurred 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 directly owned 8,632 shares in the company, valued at approximately $3,605,586.40. This represents a 20.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,819 shares of company stock valued at $16,885,492 in the last quarter. Insiders own 0.33% of the company's stock.

Caterpillar Trading Down 1.7%

Shares of CAT opened at $491.67 on Friday. The stock has a 50-day moving average price of $443.23 and a 200 day moving average price of $383.88. Caterpillar Inc. has a one year low of $267.30 and a one year high of $511.50. The company has a market capitalization of $230.34 billion, a P/E ratio of 25.01, a P/E/G ratio of 3.04 and a beta of 1.46. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 1.34.

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

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders 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 of this dividend is Monday, October 20th. Caterpillar's dividend payout ratio (DPR) is currently 30.72%.

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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