WoodTrust Financial Corp Purchases Shares of 617 Caterpillar Inc. $CAT

Key Points

• WoodTrust Financial Corp acquired 617 shares of Caterpillar Inc. during the second quarter, valued at approximately $240,000.
• Caterpillar reported $4.72 EPS for the latest quarter, which was below the consensus estimate of $4.88, despite revenues of $16.57 billion surpassing expectations.
• The company announced a quarterly dividend of $1.51, with an annualized yield of 1.2%, set to be paid out on November 20th.

WoodTrust Financial Corp purchased a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 617 shares of the industrial products company's stock, valued at approximately $240,000.

A number of other institutional investors have also bought and sold shares of the company. Pacific Point Advisors LLC bought a new position in shares of Caterpillar during the 4th quarter worth about $579,000. Brighton Jones LLC boosted its position in shares of Caterpillar by 51.5% during 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 in the last quarter. Wedge Capital Management L L P NC boosted its position in shares of Caterpillar by 4.8% during the 1st quarter. Wedge Capital Management L L P NC now owns 917 shares of the industrial products company's stock worth $302,000 after purchasing an additional 42 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Caterpillar by 41.6% during the 1st quarter. Farther Finance Advisors LLC now owns 11,843 shares of the industrial products company's stock worth $3,915,000 after purchasing an additional 3,481 shares in the last quarter. Finally, Octavia Wealth Advisors LLC boosted its position in shares of Caterpillar by 21.3% during the 1st quarter. Octavia Wealth Advisors LLC now owns 774 shares of the industrial products company's stock worth $255,000 after purchasing an additional 136 shares in the last quarter. Institutional investors own 70.98% of the company's stock.

Caterpillar Trading Down 1.7%

CAT opened at $486.86 on Wednesday. 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 Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $505.59. The firm has a market capitalization of $228.09 billion, a PE ratio of 24.76, a P/E/G ratio of 3.01 and a beta of 1.46. The company's 50-day moving average is $439.39 and its 200 day moving average is $380.92.

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

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Monday, October 20th will be paid a $1.51 dividend. The ex-dividend date is Monday, October 20th. This represents a $6.04 annualized dividend and a yield of 1.2%. Caterpillar's dividend payout ratio (DPR) is 30.72%.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, Chairman Donald J. Umpleby III sold 17,166 shares of the stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $462.65, for a total value of $7,941,849.90. Following the completion of the sale, the chairman owned 465,339 shares in the company, valued at approximately $215,289,088.35. This trade represents a 3.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Susan C. Schwab sold 2,324 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $410.00, for a total transaction of $952,840.00. Following the completion of the sale, the director owned 6,917 shares of the company's stock, valued at approximately $2,835,970. This trade represents a 25.15% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,819 shares of company stock worth $16,885,492. Insiders own 0.33% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on CAT. Jefferies Financial Group reissued a "buy" rating and set a $500.00 price objective on shares of Caterpillar in a research report on Friday, August 29th. Melius Research raised shares of Caterpillar from a "hold" rating to a "strong-buy" rating and set a $500.00 price objective on the stock in a research report on Wednesday, July 9th. Melius raised shares of Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 price objective on the stock in a research report on Wednesday, July 9th. DA Davidson increased their price objective on shares of Caterpillar from $331.00 to $388.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Finally, Oppenheimer upped their target price on shares of Caterpillar from $480.00 to $513.00 and gave the stock an "outperform" rating in a report on Monday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $466.53.

Caterpillar Company 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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