Todays Report: The Nicolet Bankshares Inc. Maintains Position in Caterpillar Inc. (CAT)

The Nicolet Bankshares Inc. Maintains Position in Caterpillar Inc. (CAT)

Nicolet Bankshares Inc. held its stake in Caterpillar Inc. (NYSE:CAT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,424 shares of the company’s stock at the end of the second quarter. Nicolet Bankshares Inc.’s holdings in Caterpillar were worth $260,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in CAT. Kelly Lawrence W & Associates Inc. CA increased its stake in Caterpillar by 15.4% in the first quarter. Kelly Lawrence W & Associates Inc. CA now owns 1,500 shares of the company’s stock worth $115,000 after buying an additional 200 shares during the period. WealthTrust Arizona LLC increased its stake in Caterpillar by 82.4% in the second quarter. WealthTrust Arizona LLC now owns 2,451 shares of the company’s stock worth $186,000 after buying an additional 1,107 shares during the period. CWM LLC increased its stake in Caterpillar by 197.2% in the second quarter. CWM LLC now owns 2,574 shares of the company’s stock worth $195,000 after buying an additional 1,708 shares during the period. Telemus Capital LLC purchased a new stake in Caterpillar during the second quarter worth $202,000. Finally, Cypress Capital Group purchased a new stake in Caterpillar during the first quarter worth $207,000. 68.99% of the stock is currently owned by institutional investors and hedge funds.

Shares of Caterpillar Inc. (NYSE:CAT) traded down 0.43% during trading on Monday, reaching $87.29. 4,479,743 shares of the company were exchanged. The stock’s 50-day moving average is $84.36 and its 200-day moving average is $79.01. The firm has a market cap of $51.00 billion, a price-to-earnings ratio of 58.19 and a beta of 1.54. Caterpillar Inc. has a 52-week low of $56.36 and a 52-week high of $89.87.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Tuesday, July 26th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.13. The firm earned $10.34 billion during the quarter, compared to the consensus estimate of $10.06 billion. Caterpillar had a net margin of 2.64% and a return on equity of 12.37%. The company’s revenue for the quarter was down 16.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.27 earnings per share. Equities research analysts predict that Caterpillar Inc. will post $3.50 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, November 19th. Investors of record on Monday, October 24th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Thursday, October 20th. Caterpillar’s dividend payout ratio is presently 165.59%.

A number of research firms recently weighed in on CAT. Vetr raised Caterpillar from a “strong sell” rating to a “sell” rating and set a $79.15 target price on the stock in a research report on Wednesday, July 27th. Barclays PLC lifted their price objective on Caterpillar from $78.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, October 12th. Zacks Investment Research downgraded Caterpillar from a “hold” rating to a “sell” rating in a report on Thursday, June 30th. RBC Capital Markets set a $73.00 price objective on Caterpillar and gave the company a “hold” rating in a report on Wednesday, July 27th. Finally, Citigroup Inc. lifted their price objective on Caterpillar from $75.00 to $82.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $76.48.

In related news, insider Bradley M. Halverson sold 2,841 shares of Caterpillar stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $82.73, for a total transaction of $235,035.93. Following the completion of the transaction, the insider now owns 20,232 shares of the company’s stock, valued at $1,673,793.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dennis A. Muilenburg bought 1,930 shares of the stock in a transaction that occurred on Friday, July 29th. The shares were purchased at an average cost of $82.75 per share, with a total value of $159,707.50. Following the purchase, the director now directly owns 9,558 shares of the company’s stock, valued at $790,924.50. The disclosure for this purchase can be found here. Corporate insiders own 0.15% of the company’s stock.

About Caterpillar

Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through its three product segments: Resource Industries, Construction Industries, and Energy & Transportation. It also provides financing and related services through its Financial Products segment.

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