Deseret Mutual Benefit Administrators Sells 484 Shares of Caterpillar Inc. (NYSE:CAT)

Deseret Mutual Benefit Administrators lowered its position in Caterpillar Inc. (NYSE:CAT) by 20.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,881 shares of the industrial products company’s stock after selling 484 shares during the period. Deseret Mutual Benefit Administrators’ holdings in Caterpillar were worth $736,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CAT. Norden Group LLC bought a new stake in Caterpillar during the first quarter valued at about $672,000. GSA Capital Partners LLP bought a new stake in Caterpillar during the first quarter valued at about $433,000. SPC Financial Inc. bought a new stake in Caterpillar during the first quarter valued at about $238,000. CFO4Life Group LLC grew its holdings in Caterpillar by 32.3% during the first quarter. CFO4Life Group LLC now owns 1,012 shares of the industrial products company’s stock valued at $371,000 after purchasing an additional 247 shares during the period. Finally, Duality Advisers LP grew its holdings in Caterpillar by 117.5% during the first quarter. Duality Advisers LP now owns 12,340 shares of the industrial products company’s stock valued at $4,522,000 after purchasing an additional 6,666 shares during the period. Institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

CAT has been the topic of several research analyst reports. UBS Group boosted their price objective on Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a research report on Monday. Evercore ISI lowered their price objective on Caterpillar from $338.00 to $321.00 and set an “in-line” rating on the stock in a research report on Monday, August 19th. Morgan Stanley downgraded Caterpillar from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $349.00 to $332.00 in a research report on Monday, October 14th. Barclays boosted their price objective on Caterpillar from $315.00 to $335.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 7th. Finally, Truist Financial boosted their price objective on Caterpillar from $399.00 to $456.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $358.19.

Insiders Place Their Bets

In other news, insider Anthony D. Fassino sold 3,185 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $351.36, for a total value of $1,119,081.60. Following the completion of the transaction, the insider now owns 33,442 shares of the company’s stock, valued at $11,750,181.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Anthony D. Fassino sold 3,185 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $351.36, for a total value of $1,119,081.60. Following the completion of the transaction, the insider now owns 33,442 shares of the company’s stock, valued at $11,750,181.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO William E. Schaupp sold 968 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $380.98, for a total value of $368,788.64. Following the completion of the transaction, the chief accounting officer now directly owns 1,686 shares of the company’s stock, valued at approximately $642,332.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,792 shares of company stock valued at $3,515,978. 0.29% of the stock is owned by company insiders.

Caterpillar Trading Down 0.3 %

CAT opened at $415.53 on Thursday. Caterpillar Inc. has a one year low of $233.82 and a one year high of $418.30. The stock has a market cap of $201.49 billion, a price-to-earnings ratio of 19.33, a P/E/G ratio of 1.86 and a beta of 1.10. The stock’s 50 day moving average price is $374.93 and its 200-day moving average price is $352.11. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The firm had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. During the same period last year, the company earned $5.52 EPS. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, equities analysts forecast that Caterpillar Inc. will post 21.82 EPS for the current year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st will be given a dividend of $1.41 per share. The ex-dividend date of this dividend is Monday, October 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.36%. Caterpillar’s dividend 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.