BNC Wealth Management LLC Purchases 705 Shares of Caterpillar Inc. (NYSE:CAT)

BNC Wealth Management LLC increased its stake in Caterpillar Inc. (NYSE:CAT) by 7.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 10,024 shares of the industrial products company’s stock after buying an additional 705 shares during the period. Caterpillar comprises 1.4% of BNC Wealth Management LLC’s investment portfolio, making the stock its 24th biggest holding. BNC Wealth Management LLC’s holdings in Caterpillar were worth $3,921,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bbjs Financial Advisors LLC bought a new position in Caterpillar during the second quarter valued at $28,000. Financial Connections Group Inc. purchased a new position in shares of Caterpillar during the 2nd quarter valued at $28,000. Fairscale Capital LLC bought a new position in shares of Caterpillar during the 2nd quarter worth $36,000. POM Investment Strategies LLC increased its holdings in Caterpillar by 2,160.0% in the 2nd quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 108 shares during the last quarter. Finally, TruNorth Capital Management LLC raised its stake in Caterpillar by 215.4% in the 2nd quarter. TruNorth Capital Management LLC now owns 123 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 84 shares during the period. 70.98% of the stock is owned by institutional investors.

Caterpillar Trading Up 8.8 %

CAT stock opened at $416.97 on Thursday. Caterpillar Inc. has a one year low of $233.57 and a one year high of $418.30. The company has a market capitalization of $202.19 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 1.86 and a beta of 1.10. The company’s 50 day moving average price is $374.93 and its two-hundred day moving average price is $352.11. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40.

Caterpillar (NYSE:CAT) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The company had revenue of $16.11 billion for the quarter, compared to analysts’ expectations of $16.37 billion. During the same quarter in the prior year, the company earned $5.52 earnings per share. The company’s revenue was down 4.2% compared to the same quarter last year. As a group, analysts predict that Caterpillar Inc. will post 21.82 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st will be paid a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Monday, October 21st. Caterpillar’s dividend payout ratio (DPR) is 26.15%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CAT shares. Morgan Stanley lowered shares of Caterpillar from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $349.00 to $332.00 in a research report on Monday, October 14th. StockNews.com cut Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. UBS Group upped their price target on shares of Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a report on Monday. Bank of America lifted their price objective on Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, Citigroup decreased their target price on Caterpillar from $445.00 to $435.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $358.19.

Insider Transactions at Caterpillar

In other Caterpillar news, insider Cheryl H. Johnson sold 2,664 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $378.84, for a total transaction of $1,009,229.76. Following the completion of the transaction, the insider now owns 12,951 shares of the company’s stock, valued at $4,906,356.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Caterpillar news, insider Cheryl H. Johnson sold 2,664 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $378.84, for a total transaction of $1,009,229.76. Following the transaction, the insider now directly owns 12,951 shares of the company’s stock, valued at approximately $4,906,356.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anthony D. Fassino sold 3,185 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $351.36, for a total transaction of $1,119,081.60. Following the completion of the sale, the insider now directly owns 33,442 shares of the company’s stock, valued at approximately $11,750,181.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,792 shares of company stock worth $3,515,978. Company insiders own 0.29% of the company’s stock.

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.