Schrum Private Wealth Management LLC Invests $429,000 in Caterpillar Inc. (NYSE:CAT)

Schrum Private Wealth Management LLC acquired a new stake in Caterpillar Inc. (NYSE:CAT) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,096 shares of the industrial products company’s stock, valued at approximately $429,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GSA Capital Partners LLP bought a new position in Caterpillar during the first quarter worth about $433,000. Interchange Capital Partners LLC acquired a new stake in Caterpillar in the first quarter worth $238,000. Angeles Wealth Management LLC acquired a new position in shares of Caterpillar in the 1st quarter valued at $307,000. Texas Yale Capital Corp. raised its stake in Caterpillar by 1.7% during the 1st quarter. Texas Yale Capital Corp. now owns 3,003 shares of the industrial products company’s stock worth $1,100,000 after buying an additional 50 shares during the period. Finally, D Orazio & Associates Inc. lifted its holdings in Caterpillar by 4.0% during the first quarter. D Orazio & Associates Inc. now owns 835 shares of the industrial products company’s stock worth $306,000 after acquiring an additional 32 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Wall Street Analysts Forecast Growth

CAT has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on Caterpillar from $435.00 to $500.00 and gave the company an “overweight” rating in a report on Monday, October 14th. UBS Group boosted their price objective on shares of Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a research report on Monday, November 4th. StockNews.com cut Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, September 24th. Barclays boosted their price target on Caterpillar from $315.00 to $335.00 and gave the company an “equal weight” rating in a report on Wednesday, August 7th. Finally, Morgan Stanley cut Caterpillar from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $349.00 to $332.00 in a research report on Monday, October 14th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $365.33.

Insider Buying and Selling at Caterpillar

In other news, insider Lange Bob De sold 12,657 shares of Caterpillar stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $410.25, for a total transaction of $5,192,534.25. Following the completion of the transaction, the insider now directly owns 71,107 shares in the company, valued at approximately $29,171,646.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Lange Bob De sold 12,657 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $410.25, for a total transaction of $5,192,534.25. Following the completion of the sale, the insider now owns 71,107 shares in the company, valued at approximately $29,171,646.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Cheryl H. Johnson sold 2,975 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $342.48, for a total transaction of $1,018,878.00. Following the completion of the transaction, the insider now owns 15,615 shares in the company, valued at approximately $5,347,825.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,749 shares of company stock worth $9,251,912 over the last 90 days. Company insiders own 0.29% of the company’s stock.

Caterpillar Stock Down 1.4 %

Shares of NYSE CAT traded down $5.33 during trading hours on Wednesday, hitting $387.68. The company had a trading volume of 572,033 shares, compared to its average volume of 2,615,010. Caterpillar Inc. has a 1-year low of $241.81 and a 1-year high of $418.50. 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’s 50 day moving average is $377.62 and its 200-day moving average is $353.01. The stock has a market capitalization of $187.17 billion, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 1.96 and a beta of 1.10.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). The firm had revenue of $16.11 billion during the quarter, compared to analyst estimates of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The business’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.52 EPS. On average, analysts expect that Caterpillar Inc. will post 21.69 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, October 21st will be issued a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Monday, October 21st. Caterpillar’s payout ratio is currently 26.15%.

About Caterpillar

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.