Radnor Capital Management LLC Takes $3.27 Million Position in Caterpillar Inc. (NYSE:CAT)

Radnor Capital Management LLC acquired a new stake in shares of Caterpillar Inc. (NYSE:CAT) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 8,362 shares of the industrial products company’s stock, valued at approximately $3,271,000.

Several other institutional investors have also recently modified their holdings of CAT. Bbjs Financial Advisors LLC bought a new position in Caterpillar during the 2nd quarter worth approximately $28,000. Financial Connections Group Inc. bought a new position in Caterpillar during the 2nd quarter worth approximately $28,000. Fairscale Capital LLC bought a new position in Caterpillar during the 2nd quarter worth approximately $36,000. POM Investment Strategies LLC grew its position in Caterpillar by 2,160.0% during 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 grew its position in Caterpillar by 215.4% during the 2nd quarter. TruNorth Capital Management LLC now owns 123 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 84 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Stock Up 1.8 %

CAT stock opened at $383.37 on Wednesday. Caterpillar Inc. has a twelve month low of $233.57 and a twelve month high of $403.60. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. The firm has a market cap of $185.90 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.86 and a beta of 1.10. The business has a 50 day moving average of $373.55 and a 200 day moving average of $351.65.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $16.37 billion. During the same period last year, the business earned $5.52 EPS. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. On average, research analysts forecast that Caterpillar Inc. will post 21.82 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, October 21st will be given a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Monday, October 21st. Caterpillar’s dividend payout ratio (DPR) is presently 26.15%.

Insider Activity at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 3,185 shares of Caterpillar stock in a transaction on Friday, August 30th. The stock was sold at an average price of $351.36, for a total value of $1,119,081.60. Following the completion of the sale, the insider now owns 33,442 shares of the company’s stock, valued at approximately $11,750,181.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Caterpillar news, insider Anthony D. Fassino sold 3,185 shares of Caterpillar stock in a transaction on Friday, August 30th. The stock was sold at an average price of $351.36, for a total value of $1,119,081.60. Following the completion of the sale, the insider now owns 33,442 shares of the company’s stock, valued at approximately $11,750,181.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cheryl H. Johnson sold 2,975 shares of Caterpillar stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $342.48, for a total value of $1,018,878.00. Following the completion of the sale, the insider now directly owns 15,615 shares of the company’s stock, valued at approximately $5,347,825.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,792 shares of company stock valued at $3,515,978 in the last 90 days. Corporate insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on CAT. Robert W. Baird raised their price target on Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research report on Thursday, October 31st. Morgan Stanley lowered Caterpillar from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $349.00 to $332.00 in a research report on Monday, October 14th. Citigroup dropped their price objective on Caterpillar from $445.00 to $435.00 and set a “buy” rating for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. increased their price objective on Caterpillar from $435.00 to $500.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Finally, Bank of America increased their price objective on Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Caterpillar presently has an average rating of “Hold” and a consensus target price of $358.19.

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.