Caterpillar Inc. (NYSE:CAT) Shares Acquired by Nichols & Pratt Advisers LLP MA

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Nichols & Pratt Advisers LLP MA raised its stake in shares of Caterpillar Inc. (NYSE:CAT) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 123,866 shares of the industrial products company’s stock after acquiring an additional 1,612 shares during the period. Caterpillar makes up 1.6% of Nichols & Pratt Advisers LLP MA’s investment portfolio, making the stock its 21st biggest holding. Nichols & Pratt Advisers LLP MA’s holdings in Caterpillar were worth $18,475,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Hills Bank & Trust Co. increased its holdings in shares of Caterpillar by 15.1% in the second quarter. Hills Bank & Trust Co. now owns 2,482 shares of the industrial products company’s stock valued at $314,000 after purchasing an additional 325 shares during the period. Hartford Financial Management Inc. grew its position in Caterpillar by 0.6% in the 3rd quarter. Hartford Financial Management Inc. now owns 25,850 shares of the industrial products company’s stock valued at $3,855,000 after buying an additional 153 shares during the last quarter. First American Trust FSB acquired a new position in Caterpillar in the 3rd quarter valued at $5,207,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Caterpillar by 0.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 117,962 shares of the industrial products company’s stock worth $17,594,000 after buying an additional 836 shares during the last quarter. Finally, Cypress Capital Group lifted its stake in shares of Caterpillar by 12.1% in the 3rd quarter. Cypress Capital Group now owns 7,942 shares of the industrial products company’s stock worth $1,184,000 after acquiring an additional 860 shares during the period. 59.87% of the stock is owned by institutional investors.

NYSE:CAT traded down $0.67 during trading hours on Friday, reaching $172.23. 2,450,417 shares of the company traded hands, compared to its average volume of 4,033,441. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.54 and a quick ratio of 1.08. The firm’s 50-day moving average is $162.95 and its 200-day moving average is $140.07. The stock has a market cap of $93.57 billion, a P/E ratio of 28.66, a P/E/G ratio of 2.67 and a beta of 0.99. Caterpillar Inc. has a 1-year low of $87.50 and a 1-year high of $176.37.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Tuesday, October 27th. The industrial products company reported $1.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.19. The business had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.78 billion. Caterpillar had a return on equity of 25.24% and a net margin of 7.60%. The business’s revenue was down 22.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.66 earnings per share. As a group, research analysts predict that Caterpillar Inc. will post 5.41 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 20th. Investors of record on Monday, October 26th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date was Friday, October 23rd. Caterpillar’s payout ratio is currently 37.25%.

In other Caterpillar news, insider William P. Ainsworth sold 12,000 shares of Caterpillar stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $154.78, for a total transaction of $1,857,360.00. Following the transaction, the insider now directly owns 76,501 shares of the company’s stock, valued at $11,840,824.78. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Denise C. Johnson sold 8,894 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $175.00, for a total transaction of $1,556,450.00. Following the sale, the insider now owns 48,923 shares of the company’s stock, valued at $8,561,525. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,154 shares of company stock valued at $5,631,946. 0.31% of the stock is owned by company insiders.

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Caterpillar from $178.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday. Credit Suisse Group increased their target price on Caterpillar from $159.00 to $179.00 and gave the stock an “outperform” rating in a research note on Friday, October 16th. Stifel Nicolaus lifted their price target on Caterpillar from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, October 28th. Morgan Stanley increased their price objective on Caterpillar from $120.00 to $122.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 28th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Caterpillar from $171.00 to $186.00 and gave the stock a “buy” rating in a research report on Wednesday, October 28th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $149.95.

Caterpillar Company Profile

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

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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