Security National Trust Co. Has $2.57 Million Holdings in Caterpillar Inc. (CAT)

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Security National Trust Co. raised its holdings in Caterpillar Inc. (NYSE:CAT) by 5.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,836 shares of the industrial products company’s stock after purchasing an additional 835 shares during the quarter. Security National Trust Co.’s holdings in Caterpillar were worth $2,568,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in CAT. Acropolis Investment Management LLC acquired a new position in shares of Caterpillar during the 3rd quarter worth approximately $100,000. Sound Income Strategies LLC raised its position in shares of Caterpillar by 181.8% during the 3rd quarter. Sound Income Strategies LLC now owns 665 shares of the industrial products company’s stock worth $101,000 after purchasing an additional 429 shares during the last quarter. St. Johns Investment Management Company LLC acquired a new position in shares of Caterpillar during the 3rd quarter worth approximately $106,000. Landaas & Co. WI ADV acquired a new position in shares of Caterpillar during the 2nd quarter worth approximately $130,000. Finally, Avestar Capital LLC raised its position in shares of Caterpillar by 92.3% during the 2nd quarter. Avestar Capital LLC now owns 994 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 477 shares during the last quarter. 66.56% of the stock is currently owned by institutional investors.

Shares of NYSE CAT opened at $131.84 on Wednesday. Caterpillar Inc. has a 52-week low of $112.06 and a 52-week high of $173.24. The firm has a market cap of $74.23 billion, a PE ratio of 19.16, a P/E/G ratio of 0.69 and a beta of 1.58. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.48 and a quick ratio of 1.02.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, October 23rd. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.83 by $0.03. Caterpillar had a net margin of 7.13% and a return on equity of 44.13%. The company had revenue of $13.51 billion during the quarter, compared to analysts’ expectations of $13.28 billion. During the same period in the previous year, the company earned $1.95 EPS. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. As a group, sell-side analysts expect that Caterpillar Inc. will post 11.64 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Monday, October 22nd will be paid a dividend of $0.86 per share. The ex-dividend date is Friday, October 19th. This represents a $3.44 annualized dividend and a dividend yield of 2.61%. Caterpillar’s dividend payout ratio is presently 50.00%.

In related news, insider Lange Bob De acquired 1,080 shares of the stock in a transaction dated Friday, October 26th. The stock was bought at an average cost of $115.58 per share, with a total value of $124,826.40. Following the purchase, the insider now directly owns 11,310 shares of the company’s stock, valued at $1,307,209.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Denise C. Johnson sold 35,051 shares of the business’s stock in a transaction on Tuesday, October 2nd. The shares were sold at an average price of $154.18, for a total transaction of $5,404,163.18. Following the sale, the insider now directly owns 22,826 shares of the company’s stock, valued at $3,519,312.68. The disclosure for this sale can be found here. 0.36% of the stock is owned by insiders.

Several brokerages have weighed in on CAT. Barclays reiterated a “hold” rating on shares of Caterpillar in a report on Wednesday, October 24th. Royal Bank of Canada boosted their price target on Caterpillar to $166.00 and gave the company a “sector perform” rating in a report on Tuesday, July 31st. Macquarie set a $105.00 price target on Caterpillar and gave the company a “sell” rating in a report on Wednesday, October 24th. Morgan Stanley set a $169.00 price target on Caterpillar and gave the company a “buy” rating in a report on Wednesday, October 24th. Finally, OTR Global downgraded Caterpillar to a “positive” rating in a report on Friday, September 21st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. Caterpillar currently has an average rating of “Buy” and an average target price of $158.55.

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Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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