Garde Capital Inc. Acquires 800 Shares of Caterpillar Inc. (CAT)

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Garde Capital Inc. grew its holdings in Caterpillar Inc. (NYSE:CAT) by 13.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,687 shares of the industrial products company’s stock after acquiring an additional 800 shares during the quarter. Garde Capital Inc.’s holdings in Caterpillar were worth $865,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Roundview Capital LLC lifted its position in Caterpillar by 3.3% during the third quarter. Roundview Capital LLC now owns 12,175 shares of the industrial products company’s stock worth $1,857,000 after purchasing an additional 390 shares during the period. Artemis Investment Management LLP lifted its position in Caterpillar by 12.8% during the third quarter. Artemis Investment Management LLP now owns 154,300 shares of the industrial products company’s stock worth $23,532,000 after purchasing an additional 17,500 shares during the period. Westside Investment Management Inc. lifted its position in Caterpillar by 142.0% during the third quarter. Westside Investment Management Inc. now owns 1,278 shares of the industrial products company’s stock worth $195,000 after purchasing an additional 750 shares during the period. Old Port Advisors bought a new stake in Caterpillar during the second quarter worth about $1,804,000. Finally, Zacks Investment Management lifted its position in Caterpillar by 12.7% during the second quarter. Zacks Investment Management now owns 87,963 shares of the industrial products company’s stock worth $11,934,000 after purchasing an additional 9,918 shares during the period. 66.80% of the stock is owned by institutional investors.

In other 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 price of $115.58 per share, with a total value of $124,826.40. Following the completion of the purchase, the insider now directly owns 11,310 shares of the company’s stock, valued at approximately $1,307,209.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Denise C. Johnson sold 35,051 shares of the company’s stock in a transaction that occurred on Tuesday, October 2nd. The shares were sold at an average price of $154.18, for a total value of $5,404,163.18. Following the completion of the transaction, the insider now directly owns 22,826 shares of the company’s stock, valued at approximately $3,519,312.68. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by insiders.

Shares of NYSE CAT opened at $124.27 on Wednesday. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.48 and a quick ratio of 1.02. The stock has a market cap of $73.45 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 0.52 and a beta of 1.61. Caterpillar Inc. has a 12 month low of $112.06 and a 12 month high of $173.24.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 20th. Shareholders of record on Tuesday, January 22nd will be paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Friday, January 18th. Caterpillar’s payout ratio is 50.00%.

CAT has been the subject of several recent analyst reports. Deutsche Bank set a $177.00 price objective on shares of Caterpillar and gave the stock a “buy” rating in a research report on Wednesday, September 5th. UBS Group set a $185.00 price objective on shares of Caterpillar and gave the stock a “buy” rating in a research report on Wednesday, September 5th. JPMorgan Chase & Co. set a $188.00 price objective on shares of Caterpillar and gave the stock a “buy” rating in a research report on Tuesday, October 23rd. Wells Fargo & Co set a $145.00 price objective on shares of Caterpillar and gave the stock a “buy” rating in a research report on Wednesday, October 24th. Finally, Robert W. Baird set a $171.00 price objective on shares of Caterpillar and gave the stock a “buy” rating in a research report on Wednesday, October 24th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $158.90.

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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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